This is a general announcement. The products and services mentioned here may not be available in your area.

Dear members of the Binance community!

Binance Simple Earn Launches Two Promotions for Simple Earn Perpetual and Fixed Self Chain (SLF) Products! During the promotion period, users who subscribe to SLF products on Simple Earn will be able to enjoy an exclusive bonus tiered APR of 5% on perpetual SLF products and APR rewards of up to 18.9% on fixed SLF products. In addition, the first 400 eligible users will receive 50 SLF rewards!

Promotion period: from 03:00 on September 17, 2024 (in Kyiv) to 02:59 on December 16, 2024 (in Kyiv)

Promotion A: Get up to 18.9% APR rewards with SLF products at Simple Earn

  • Subscription format: On a rolling basis, subject to the terms below.

  • Distribution of rewards 

    • Bonus Tiered APR: Will be distributed to users' spot wallets on a daily basis.

    • Real-time APR: Accumulates every minute in users' Earn wallet.

    • Fixed Product APR: Will be distributed to users' spot wallets on a daily basis.

Offered products (perpetual and fixed products)

A digital asset

Duration

APR during the promotion period

Min. subscription limit per user

Max. subscription limit per user

SLF

Indefinitely

APR in real time 

+ 

Bonus Tiered APR 5% 

(0,1 – 500 SLF)

0,1 SLF

420 000 SLF

90 days

18,9%

0,1 SLF

5000 SLF

Promotion B: Subscribe to SLF products on Simple Earn to get 50 SLF rewards

During the Promotion Period, all eligible users who subscribe to fixed SLF products for a period of 90 days with an amount of at least 30 SLF will be ranked based on the time of subscription. The first 400 users will be able to be rewarded with a 50 SLF token voucher!

The rating is determined by the subscription time for fixed SLF products for a period of 90 days 

Reward for each eligible user (in SLF Token Voucher)

51 – 400 place

50 SLF

How to get started with SLF Perpetual and Fixed Products:

  1. Buy SLF on the spot market or on the Buy Cryptocurrencies page, which supports various payment methods, including Visa and Mastercard, Apple Pay, Google Pay and wallets. Users can also deposit SLF to their Binance account. 

  2. Go to [Simple Earn] and find SLF. 

  3. Choose PERFECT or 90 days and subscribe to SLF's Perpetual or Fixed products to start earning rewards!

Subscribe now!

Terms and Conditions:

  • Perpetual products:

    • The Bonus Tiered APR is offered as an additional reward to the Real Time APR. Once signed up, tiered APR bonus rewards start accruing the next day starting at 00:00 UTC. Rewards will start to be distributed the next day after accrual starts between 00:00 UTC and 08:00 UTC to the user's spot wallet.

    • All users who hold open positions in SLF perpetual products will receive both real-time APR rewards and bonus tiered APRs during the promotional period. After the promotion ends, users will only be eligible for real-time APR rewards. 

    • The bonus tiered APR is calculated based on subscription amounts and depends on the respective tier cap for each token. See this guide for more detailed information.

  • Fixed products

    • Binance reserves the right to adjust the APR at any time after the end of the Promotion Period without prior notice.

    • Reward calculation period: from 03:00 (Kyiv time) the next day after subscription to fixed products until the end of the subscription period.

    • Binance Simple Earn will redeem digital assets/digital currencies subscribed to Simple Earn Fixed Products and transfer them to Simple Earn Perpetual Products at the end of the agreed subscription period.

  • Rewards in token vouchers:

    • Rewards in SLF token vouchers will be distributed within three weeks of the end of the promotion. Users can claim their vouchers via Profile > Rewards Hub. 

    • All rewards in token vouchers expire within 30 days of distribution. Eligible users must activate their vouchers before the expiry date. Learn how to activate a token voucher.

  • Users can view their holdings in Fixed and Perpetual Simple Earn products by selecting Wallets > Earn.

  • Redemption period for perpetual product subscriptions: Instant. 

  • Unlock period for fixed products: One day. 

  • About Early Redemption for Simple Earn Fixed Products: Users can redeem their assets early. After choosing to redeem early, digital assets will be returned to the spot account and users will not be entitled to rewards (accrued or unaccrued). Distributed rewards will be deducted from the refunded principal amount. The return of digital assets to users' spot accounts in this case may take up to 72 hours. 

  • Binance reserves the right to disqualify participants who tamper with Binance code or interfere with Binance code with other software.

  • Binance reserves the right to disqualify any member who, in Binance's opinion, is acting fraudulently or not complying with the applicable terms of use.

  • Binance reserves the right to cancel or change the promotion or promotion rules at its sole discretion.

  • Additional terms of the promotion can be viewed here.

  • There may be discrepancies in the English translation of this original article. Please refer to the original English version for the latest or most accurate information in case of inconsistencies.

Thank you for your support!

Binance Team

16.09.2024