This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn launched two promotions for USDC Simple Earn Flexible and Locked Products! During the Promotion Period, users who subscribe to the aforementioned products are eligible to enjoy up to 15% promotional APR rates.
Promotion Period: 2024-12-02 00:00 (UTC) to 2024-12-15 23:59 (UTC)
Both new and existing users are eligible for Promotion A.
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Rewards Distribution:
Bonus Tiered APR: Distributed to users’ Spot Wallets on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).
Real-Time APR: Accrued and directly accumulated in users’ Earn Wallets every minute.
Offered Products
Only new users who have never subscribed to Simple Earn Locked Products before 2024-12-02 00:00 (UTC) are eligible for Promotion B.
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Rewards Distribution: Distributed to users’ Spot Wallets on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).
Offered Products
How to Get Started with USDC Flexible and Locked Products:
Users can buy USDC on the Buy Crypto page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit USDC to their Binance account.
Head to [Simple Earn], and search for USDC.
Select FLEXIBLE or 5-Days, and subscribe to USDC Simple Earn Flexible Products or USDC Simple Earn Locked Products to start earning rewards!
Terms & Conditions:
Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Simple Earn.
Binance Simple Earn will redeem the digital assets/digital currencies locked in the USDC Simple Earn Locked Products subscriptions to USDC Simple Earn Flexible Products at the end of the agreed subscription period.
Rewards:
Promotion A:
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 USDC 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.
Promotion B:
Reward Calculation Period: From 00:00 (UTC) on the day after you subscribe to Locked Products, until the end of the subscription period.
Rewards distribution: Distributed to users’ Spot Wallets on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).
The assets you deposit in Simple Earn may be loaned to other Binance users (e.g., Margin and Crypto Loan products).
A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.
Users can view their Flexible and Locked Products assets by going to Wallets > Earn > Simple Earn.
Redemption time for Flexible Products subscriptions: Instant; Unlock period for Locked Products: One day.
Early Redemption: Users may early redeem Simple Earn Locked Products, but all rewards received will be forfeited. The full balance of the locked assets, minus any rewards distributed during the term, will be returned to users’ Spot Wallet within 72 hours. However, in the case of exceptional circumstances the return of such assets may be delayed further. Please see our terms and risk warning for more details.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
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 between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-02
Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
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.
