$BTC

Binance has launched a new promotion for its Loans service, offering users the chance to earn up to 7 days of interest-free borrowing on selected stablecoins USDT, FDUSD, USDC. Here’s a breakdown of the campaign details:

Period: November 6, 2024, 04:00 UTC to December 13, 2024, 03:59 UTC

Requirements: Participants form teams by inviting users, with each team needing to borrow at least $5,000 in USDT, FDUSD, or USDC through Binance Loans (Flexible Rates) and hold the loan for 25 days consecutively.

Rewards: The first 200 teams that qualify will receive USDC rewards covering up to 7 days of loan interest, based on the borrowing amount and duration.

Eligibility and Reward Calculation

1. Team Formation: Inviter and invitee must both borrow $5,000+ for 25 days. The invitee must also enter the inviter's referral ID in a survey.

2. Interest-Free Loan: Borrowing amounts between $5,000 and $10,000 for 7 days can yield a reward of up to 40 USDC, calculated based on interest paid during the campaign.

3. Example: A team with a combined borrowing amount of $15,000 could receive rewards of approximately 17 USDC and 8 USDC for the inviter and invitee, respectively.

Key Points

Rewards are distributed in USDC within three weeks after the campaign ends.

Users must be identity verified and eligible for Binance Loans Flexible Rates based on regional availability.