This is a general and marketing announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Futures is excited to introduce BFUSD, a reward-bearing margin asset which provides active Binance Futures traders with the opportunity for returns on qualifying balances in their Futures account. BFUSD can also be used as Margin in multi-asset mode Futures accounts, whilst still earning rewards.
From 2024-11-27 02:00 (UTC), users can start buying BFUSD on Binance Futures. Early BFUSD adopters can enjoy zero fees at purchase.
Eligible users who buy and hold BFUSD in their Futures account can receive daily rewards with Base APY! BFUSD holders that trade USDⓈ-M Futures daily will receive a Boosted APY instead, which is higher than the Base APY.
To celebrate the launch of BFUSD, Binance Futures is launching three promotions for users with limited time offer benefits. Buy BFUSD at zero fees for a limited time period only and share 10% Bonus APY and 100,000 USDT in token vouchers!
Promotion Period: 2024-11-27 02:00 (UTC) to 2024-12-26 23:59 (UTC)
Join the Promotion Now
Promotion A: Enjoy Zero-Fee on All BFUSD Purchases
During the Promotion Period, all eligible VIP 0 to VIP 9 users who purchase BFUSD will enjoy zero fees on all BFUSD purchases, subject to the maximum holding limits according to one’s VIP level.
VIP levelBFUSD Purchase Fees0 - 9Zero fees on all BFUSD purchases
Note: Fees still apply when redeeming BFUSD for USD stablecoin. For more information, refer to this FAQ.Users do not need to register for Promotion A, users who fulfill the aforementioned criteria will automatically enjoy the zero-fee promotion.
Promotion B: Hold BFUSD and Trade Futures to Enjoy 10% Bonus APY
Eligible users who register for the Promotion, subscribe to BFUSD for more than 72 hours during the Promotion Period, and make at least one USDⓈ-M Futures trade, will earn an additional 10% bonus APY on top of the Base or Boosted APY. The bonus 10% APY will be applied to the BFUSD purchased and held by the user during the term of the Promotion Period only.
The 10% bonus APY will only be applied to the first 1,000 BFUSD purchased per user. A minimum purchase of 10 BFUSD is required to be eligible for rewards. 10% bonus APY rewards will be given on a first-come, first-served basis, based on the holding and subscription date until the reward pool of 40,000 USDT across all holders runs out.
Base or Boosted APYBonus APYTotal Estimated APY~ 10%* (for illustrative purposes only)10% (only applicable to the first 1,000 BFUSD holdings per user)20%*
Notes:
If the 40,000 USDT rewards for Promotion B have run out, users may receive less than their expected reward amount from their purchased amount.To enjoy rewards in respect of the Base APY, users must hold BFUSD in their USDⓈ-M Futures wallet. To enjoy Boosted APY, which is higher than the Base APY, users must also complete a USDⓈ-M trade each day to receive rewards for that day.To enjoy the 10% bonus APY, users must hold BFUSD for more than 72 hours, and make at least one USDⓈ-M Futures trade during the Promotion Period. A daily snapshot of each user’s BFUSD holding will be taken and rewards will be calculated on a daily basis. After the Promotion Period, the cumulative rewards from the daily snapshots will be added to determine a user’s final reward.Daily BFUSD Holding Amount = Total amount of BFUSD subscribed - Total amount of BFUSD redeemed *Any reference to Base and Boosted APY are merely for illustrative purposes, and is not indicative of what the reward rates for BFUSD will actually be. It may be more or less than the amount indicated. The amount of reward is not guaranteed. The APY could be zero and if so the Base and/or Boosted APY reward amount would be nil. Qualified users can still receive the 10% Bonus APY. Terms and conditions apply.
Promotion C: Hold More BFUSD to Share the 60,000 USDT Milestone Bonus
The first 9,000 eligible users who register for the Promotion and meet the minimum BFUSD holding amounts will qualify for rewards. Eligible users who reach 5,000 BFUSD and 10,000 BFUSD holding amounts will receive an additional 5 USDT or 10 USDT respectively, distributed on a first-come, first-served basis until the reward pool of 60,000 USDT across all holders runs out.
A snapshot of the user’s subscription amount will be taken at the end of the Promotion Period to determine the rewards. The minimum holding period for users to be eligible for rewards is 72 hours and users must have completed at least 1 USDⓈ-M Futures trade during the Promotion Period to be eligible.
BFUSD Holding Amounts Bonus Reward (in Token Vouchers)Rewards Pool5,000 BFUSD5 USDT30,000 USDT10,000 BFUSD 10 USDT30,000 USDT
Notes:
Each user is only eligible to receive one (1) reward from Promotion C, either 5 USDT or 10 USDT, whichever reward is higher.In the event that the rewards from a higher tier have run out, the user may receive the lower tier rewards instead.
How does BFUSD Work
BFUSD is an innovative new product introduced by Binance that provides rewards to Binance Futures users on qualifying balances of BFUSD in their Futures Account. BFUSD can also be used as Margin in multi-asset mode Futures Accounts, whilst still earning rewards. BFUSD is redeemable for USD stablecoin, making it a stable choice in the crypto market.
Binance Futures users who hold BFUSD in their Futures Account will be entitled to receive daily rewards in USD stablecoin at the daily Base Rate. Futures users can qualify to receive rewards at a higher Boosted Rate instead for each day that they actively trade USDⓈ-M Futures on their Futures Account.
BFUSD’s Reward Amounts are funded by income made by Binance, which operates hedging and investment strategies, generating staking and Funding Fee income. To ensure stability and security for BFUSD holders, a robust BFUSD Reserve Fund (starting with $1 million at launch) has been implemented.
The ability of Binance to generate income with its hedging and investment strategies is a key factor in its determination of the Base Rate and the Boosted Rate, and will be dependent, amongst other things, on the prevailing market conditions, including, without limitation, certain Funding Rates on the Binance platform.
How to Buy BFUSD
Binance Website
Step 1: Login to your Binance Account and go to [Futures] - [BFUSD Reward].Step 2: Click on [Buy] and indicate the amount which you want to purchase.Step 3: Accept the terms and conditions, then click [Confirm] to complete the purchase.
Binance App
Step 1: Go to [Futures], tap [...], and select [BFUSD].Step 2: Tap [Buy] and indicate the amount which you want to purchase.
Guides & Related Materials
Introducing BFUSD: Binance’s Exclusive Reward-Bearing Margin Asset for Futures TradersWhat Is BFUSD and How to Use It as Margin in Futures TradingHow to Buy BFUSD and Redeem for USD StablecoinHow are the Reward Rates for BFUSD Holders determined
Terms and Conditions
Only verified users from eligible regions who click "Register Now" on the Campaign page during the Promotion Period may qualify for rewards from these promotions.By participating in these promotions you hereby acknowledge, confirm your understanding, and agree to the BFUSD Terms. Rewards Distribution:USDT Token vouchers rewards will be distributed to eligible users within 14 working days after the promotions end. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. The validity period for vouchers is set at 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem voucher rewards. Rewards are first-come, first-served. No further rewards will be issued with respect to a promotion once its reward pool is fully distributed.Vouchers must be redeemed before expiry. If a voucher is not claimed before its expiry, then it will be void and no replacement voucher nor other reward will be provided.These promotions are only available to users who are enabled for Binance Futures services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures services in each country from which the services are accessed.Binance reserves the right to disqualify any participants showing any signs of fraudulent behavior immediately (e.g., wash trading, bulk account registrations, self dealing, market manipulation, and more).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 determine and/or amend or vary these Terms & Conditions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done if it is justified due to important reasons, including but not limited to:Changes in applicable regulations or policies;Obligations arising out of law or decisions issued by common courts or public administration;Anti-money laundering or combating financing terrorism rules;Technical issues beyond our control;Necessity to protect users from potential losses;Necessity to protect Binance from the loss of reputation.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
2024-11-26
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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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: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. Please disregard this activity if you are a user from the EEA. For more information, please click here.
Disclaimer: You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The reward rates (including the Base Rate and the Boosted Rate) are calculated daily, and are expressed as an annualised percentage yield (APY) for illustrative purposes only. Each reward rate is not representative of the performance of BFUSD for any period other than the particular date specified and is not indicative of future results. The reward rates are likely to fluctuate day-to-day. 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. BFUSD cannot be withdrawn or used for any purpose other than as margin in a Binance Futures Account. Redemption restrictions may apply, which may affect your ability to redeem BFUSD for a supported USD stablecoin. This material should not be construed as financial advice. For more information, see our Terms of Use, the BFUSD Terms and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
