This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is pleased to announce a new FDUSD Simple Earn Flexible Products promotion. Complete subscriptions to FDUSD on Simple Earn Flexible Products during the Promotion Period to enjoy an exclusive Bonus Tiered APR of 5% on top of Real-Time APR rewards (i.e., approximately 1%).
Promotion Period: 2024-02-03 00:00 (UTC) to 2024-02-16 23:59 (UTC)
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Reward Payout:
Offered Products (Flexible Products)
Please note:
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC). Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Wallet.
All users who hold open positions for FDUSD Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the promotion ends, users will be entitled to Real-Time APR rewards only.
Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.
Real-Time APR and Bonus Tiered APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. This promotion is not associated with the issuer of FDUSD in any manner.
Users can view their Flexible Products assets by going to Wallets > Earn > Simple Earn > Flexible.
Users can enable the “Auto-Subscribe” function before completing subscriptions to Flexible Products, which allows users to automatically subscribe to the corresponding Flexible Products using the same asset from the Spot Wallet.
Redemption time for Flexible Products subscriptions: Instant.
Daily redemption limits apply to each Flexible Product and are subject to change at any time. The availability of redemptions or delays in fulfillment of redemption requests may be a result of various factors, including but not limited to extreme market volatility, network delays, a significant number of simultaneous instructions to redeem from other Binance users, and any other unanticipated events.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional promotion terms and conditions can be accessed here.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-02
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
