This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn is pleased to launch a promotion on BNB Locked Products. Learn about the benefits of using this one-stop shop for users’ BNB holdings and complete subscriptions to share a pool of 50 BNB and 10 iPhone 15 (128 GB).
Once subscribed, eligible users will receive double rewards on their BNB Locked Products positions.
Earn up to 3.5% APR
Earn Launchpool rewards
Promotion: Subscribe to BNB Locked Products to Share 50 BNB & 10 iPhone 15!
Promotion Period: 2023-12-27 02:00 (UTC) to 2024-01-24 23:59 (UTC)
During the Promotion Period, users who fulfill the following requirements will be eligible to participate:
Subscribe to BNB Locked Products with at least 1 BNB
All eligible users will then be ranked by their net BNB Locked Products subscription amount (where net BNB Locked Products subscription amount means the total BNB Locked Products subscription amount less the amount of BNB redeemed from BNB Locked Products) during the Promotion Period. The top 500 users will receive a share of the prize pool.
Reward Structure:
About BNB Locked Products & Launchpool Rewards:
Users may subscribe to BNB Locked Products using their BNB assets at any time to earn double rewards:
Launchpool Rewards
BNB Rewards (Refer here for the latest APR)
Only users in qualified countries/regions will automatically receive Launchpool rewards for holding BNB Locked Products positions.
Users are not required to manually redeem their BNB assets from BNB Locked Products to participate in Launchpools.
Rewards calculation for Launchpools is the same, regardless of whether users subscribe to BNB Locked Products or stake their BNB directly in Launchpools.
Where there are multiple Launchpool projects running concurrently, users’ BNB assets in Locked Products will automatically be equally allocated to each Launchpool project the user is eligible for.
Read more: Binance Extends Launchpool Rewards to Users with BNB Locked Products Positions.
Terms & Conditions:
Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in this Promotion.
Binance reserves the right to adjust APRs at any time without prior notice. Please refer to Binance Simple Earn Terms of Use prior to using BNB Locked Products or any other products on the Binance Simple Earn platform. Users may also view the FAQ for more information on BNB Locked Products.
The rewards specified in the table above are limited to the top 500 eligible users only.
Rewards Distribution
BNB rewards will be allocated in token vouchers to eligible users.
Binance will use $799 as the retail price of the iPhone 15 (128GB), as listed on the Apple US website on 2023-12-21, and reward eligible users with an equivalent amount in USDT token vouchers. The reward does not include taxes, shipping fees, or any other additional fees.
Voucher rewards will be distributed within three weeks after the Promotion ends. Users can login and redeem their token voucher rewards via Profile > Rewards Hub.
All the distributed token vouchers will expire within 14 days after distribution. Eligible users should claim their voucher rewards before the expiration date. Learn how to redeem a token voucher.
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.
Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Users may view their BNB Locked Products assets by going to Wallets > Earn > Simple Earn > Locked.
Users may enable the “Auto-Subscribe” function before completing subscriptions to BNB Locked Products, which will automatically renew users’ existing Locked Products position into a new position of the same duration upon expiry.
Unlock period for Locked Products: One day.
About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
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
2023-12-27
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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.
