This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is excited to launch a promotion for USDT on Simple Earn Flexible Products! Complete subscriptions to USDT on Simple Earn Flexible Products during the Promotion Period to enjoy an exclusive Bonus Tiered APR of 7% on top of Real-Time APR rewards (i.e., approximately 6%).
Promotion Period: 2023-11-14 00:00 (UTC) to 2023-11-21 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)
Simple Earn Flexible Products
Users may subscribe to a flexible-term product of their choice on the Binance Simple Earn platform at any time to receive real time rewards. By holding a Simple Earn Flexible Products position, users may earn Real Time APR rewards and Bonus-Tiered APR rewards, where applicable. Assets subscribed to Simple Earn Flexible Products can also be used as collateral for Binance Loans (Flexible Rate).
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 USDT 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 (i.e., a maximum of 500 USDT per user for USDT Flexible Products). Please refer to the FAQ for more details.
Users may view their Flexible Products assets by going to Wallets > Earn > Simple Earn > Flexible.
Users may 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.
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.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-11-14
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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 can be volatile. 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. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
