This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Simple Earn launched a promotion for FDUSD Simple Earn Flexible Products! During the Promotion Period, eligible users who subscribe to FDUSD Simple Earn Flexible Products may enjoy an exclusive Bonus Tiered APR of 10.5% on top of Real-Time APR rewards (i.e., total APR up to 11.5%).

Promotion: Enjoy Up to 10.5% Bonus Tiered APR Rewards with FDUSD Flexible Products

  • Promotion Period: 2024-07-26 00:00 (UTC) to 2024-08-08 23:59 (UTC)

  • Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.

  • Reward Payout: 

    • Bonus Tiered APR: Distributed to users’ Spot Wallets on a daily basis.

    • Real-Time APR: Accrued and directly accumulated in users’ Earn Wallets every minute.

Offered Products (Flexible Products)

Digital Asset

Duration

APR During Promotion Period

Min. Subscription Limit per User

Max. Subscription Limit per User

FDUSD

Flexible

Tier 1

Tier 2

0.1 FDUSD

Unlimited

(Subject to total pool size)

0.1 - 1,000 FDUSD

> 1,000 FDUSD

Real-Time APR

(Approximately 1%)

+ 

10.5% 

Bonus Tiered APR

Real-Time APR

(Approximately 1%)

Terms & Conditions

  • Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.

  • Rewards:

    • 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.

  • 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 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 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

2024-07-26