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

Dear Binance Community Members,

Binance Simple Earn is launching two promotions for Self Chain (SLF) flexible and fixed products on Simple Earn. During the promotion, users who sign up for SLF products on Simple Earn will be able to earn rewards in the form of an exclusive bonus tiered APR of 5% for SLF flexible products and an APR of up to 18.9% for SLF fixed products. The first 400 eligible users will also receive 50 SLF as a reward.

Promotion period: from 09/17/2024 03:00 to 12/16/2024 02:59 (UTC+3).

Promotion A: Up to 18.9% APR Rewards on Simple Earn Products for SLF

  • Subscription Format: Subscribe on a first come, first served basis according to the terms and conditions below.

  • Distribution of rewards

    • Bonus tiered APR: rewards are paid to the user's spot wallet daily.

    • Real-time APR: Rewards are credited to your Earn wallet every minute.

    • APR for fixed term products is paid to the user's spot wallet daily.

Available products (with flexible and fixed terms)

Digital asset

Duration

Annual percentage yield during the promotion

Min. subscription limit per user

Max subscription limit per user

SLF

Flexible

Real Time APR

+ 

Bonus Tiered APR 5%

(0,1 - 500 SLF)

0,1 SLF

420 000 SLF

90 days

18,9%

0,1 SLF

5 000 SLF

Promotion B: Sign up for Simple Earn products for SLF to earn 50 SLF reward

During the promotion, all eligible users who subscribe to products with fixed terms for SLF for 90 days, using at least 30 SLF, will be ranked based on the subscription time. The first 400 users will receive 50 SLF in the form of vouchers.

Time-based subscription ranking for products with fixed terms for SLF with a term of 90 days

Reward for eligible user (in SLF token vouchers)

1–400

50 SLF

How to Get Started with Flexible and Fixed Terms Products for SLF

  1. Buy SLF on the spot market or in the Buy Crypto section using a variety of payment methods, including Visa and Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit SLF into their Binance account.

  2. Go to the Simple Earn section and find SLF.

  3. Select Flexible or 90 days and sign up for SLF Flexible Terms products or SLF Fixed Terms products to start earning rewards.

Subscribe

Terms and conditions

  • Changes to the Simple Earn reward rate will be posted on the platform periodically. Please refer to the Binance Simple Earn Terms and Conditions and Risk Warning for more information before using Simple Earn.

  • For products with flexible terms:

    • Bonus Tiered APR is an additional reward to the real APR. After subscribing, the bonus tiered APR will start accruing the next day from 03:00 (Moscow time). Rewards will start being distributed to spot wallets the next day after the accrual starts from 03:00 to 11:00 (Moscow time).

    • All users with open positions in SLF flexible products will receive real-time APR and bonus tiered APR rewards during the promotion period. After the promotion ends, users will only be eligible for real-time APR rewards.

    • Bonus tiered APR rewards are calculated based on the amounts used for subscription and are subject to the respective tier limits for each token. Please see the FAQ for more details.

  • Fixed-term products

    • Binance reserves the right to adjust the annual APR at any time after the promotional period without prior notice.

    • Reward calculation period: from 03:00 (UTC+3) of the next day after subscribing to products with fixed conditions until the end of the subscription period.

    • At the end of the selected subscription period, Binance Simple Earn will return the digital assets or currency used to subscribe to the fixed-term products to the balance of the flexible-term products.

  • Token Voucher Rewards

    • SLF voucher rewards will be distributed within three weeks after the end of the promotion. Users can claim vouchers from Profile > Rewards Center.

    • Token prize vouchers expire 30 days after distribution. Winners must claim their vouchers before the expiration date. Learn how to redeem your voucher.

  • Users can also refer to the FAQ section for Simple Earn Fixed Terms Products and Simple Earn Flexible Terms Products for more information.

  • To view assets in Simple Earn fixed and flexible products, go to Wallet > Earn.

  • Subscription closure date for products with flexible terms: immediately.

  • Unlock period for products with fixed conditions: one day.

  • About early termination of Simple Earn products with fixed terms: Users can withdraw their assets early. In this case, the digital assets will be returned to the spot account, but users will not be entitled to any rewards (accumulated or otherwise). We will deduct any distributed rewards from the principal amount that we return to the user's account. It will take up to 72 hours for the digital assets to be returned after the expiration of Simple Earn products with fixed terms.

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

  • Binance reserves the right to disqualify any participants it reasonably believes to be fraudulent or in violation of applicable terms and conditions.

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

  • Additional terms of the promotion are available here.

  • There may be discrepancies between the translation and the original English article. In this case, please read the original version of the announcement to get the most up-to-date and accurate information.

Thanks for support!

Binance Team

16.09.2024