BRAKING NEWS ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️

#Binance the largest cryptocurrency exchange globally.

Binance Margin is launching a new promotion for various cryptocurrencies, including USDC, BTC, ETH, SOL, BONK, DOGE, FLOKI, LISTA, PEPE, WIF, ZRO, and ZK, starting on July 4, 2024, at 11:00 (UTC).

Promotion Period:

July 4, 2024, 11:00 (UTC) to July 21, 2024, 11:00 (UTC)

Throughout this promotional period, users who borrow any of the eligible cryptocurrencies on Binance Margin will benefit from a one-hour interest fee waiver.

Example:

Both User A and User B borrow 10 BTC at 11:20 (UTC) on July 4, 2024. They repay their loans on the same day at 12:15 (UTC) and 11:55 (UTC), respectively. Normally, interest on Binance Margin is calculated at the beginning of each hour (e.g., at 11:00, 12:00, etc.). Under standard conditions, User A and User B would incur interest charges for two hours and one hour, respectively.

Given the hourly interest rate for borrowing BTC is 0.001%, User A would typically be charged [0.001% * 10 BTC * 2 hours] = 0.0002 BTC. However, during the Promotion Period, the one-hour interest fee waiver applies, resulting in a charge of [0.001% * 10 BTC * (2 - 1) hours] = 0.0001 BTC.

User B, who repays within the first hour, incurs no interest charges. The calculation is as follows: [0.001% * 10 BTC * (1 - 1) hours] = 0 BTC.

This promotion offers a valuable opportunity for Binance Margin users to reduce their borrowing costs.

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