Dear Binanciens, Dear Binanciens,
To celebrate the Binance World Championship, Binance Simple Earn is pleased to launch two promotions for Flexible Products and Simple Earn Locked Products! By participating in these promotions, eligible users can receive 20 FDUSD and up to 1,000 SUI in rewards in addition to standard APR rewards.
Promotion period: 06/05/2024 at 00:00 (UTC) to 06/25/2024 at 23:59 (UTC)
Promotion A: Subscribe to flexible USDC products to get 20 FDUSD rewards!
During the promotion period, users who meet the following conditions will be able to participate:
New Simple Earn users;
Make a net eligible subscription* of at least USDC 50 to flexible USDC products.
All eligible users will then be ranked based on subscription time during the promotion period. The first 200 users will be able to receive a reward in the form of 20 FDUSD token vouchers.
Remarks :
Eligible net subscription amount = (Total amount of assets subscribed to flexible products in USDC) - (Total amount of assets redeemed from flexible products in USDC)
Eligible winners will be notified via the Binance App after the promotion ends.
Promotion B: Subscribe to BNB and SUI locked products to share 90,000 SUI in airdrop rewards
During the promotion period, users who meet the following conditions will be able to participate:
Subscribe to BNB-locked products with at least 0.5 BNB or SUI-locked products with at least 1 SUI.
All eligible users will be ranked based on their net qualifying subscription amount during the promotion period. The top 500 users will be able to share the following rewards, as shown in the table below.
Remarks :
Eligible net subscription amount = (Total amount of assets subscribed to flexible products in SUI and/or BNB) - (Total amount of assets redeemed for products locked in SUI and/or BNB)
Users who reclaim existing Locked Product Positions created before the Promotion only to recreate the same Locked Product Positions during the Promotion Period will have a net subscription amount equivalent to zero.
Case Study 1:
User A has a position of 10 SUI on products locked before the promotion start date. He or she then decides to redeem 10 SUI from the locked products, sign up for the promotion, and subscribe to locked products with 10 SUI during the promotion period.
Net amount of the eligible subscription in SUI of user A: 10 SUI - 10 SUI = 0
Case Study 2:
User B has a position of 10 SUI on products locked before the promotion start date. He or she then signs up for the promotion and subscribes to SUI-locked products with five additional SUIs during the promotion period.
Net amount of user B's eligible SUI subscription: five SUI.
Each user's net qualifying subscription amount will be calculated based on the USDT equivalent value at the time users subscribe and redeem during the promotion period.
Eligible entrants can check their rankings on the rankings page, which will be updated every 24 hours.
Reward Structure:
About rewards for BNB and Simple Earn locked products:
Simple Earn allows users to earn daily rewards by depositing their digital assets in flexible or locked conditions. Users can subscribe or redeem Simple Earn assets almost at any time, allowing them to maintain the flexibility and liquidity of their assets while earning daily rewards.
Users can subscribe to BNB-locked products using their BNB assets at any time to earn the following rewards:
Launchpool Rewards (if applicable)
BNB rewards (refer to latest APR)
Megadrop Rewards (if applicable)
Only users from eligible countries/regions will automatically receive Megadrop and/or Launchpool rewards if they hold positions in BNB-locked products.
Users are not required to manually retrieve their BNB assets from BNB-locked products to participate in Launchpools.
The calculation of rewards for Launchpools is the same whether users subscribe to BNB-locked products or stake their BNB directly in Launchpools.
In the event that multiple Launchpool projects are running simultaneously, users' BNB Vault deposits in locked products will be distributed equally across each Launchpool project in which the user can participate.
Learn more: Frequently asked questions (FAQ) about Megadrop and BNB-locked products, Binance allows users with positions in BNB-locked products to benefit from Launchpool rewards.
Terms and conditions :
Only users who complete identity verification and confirm their participation during the promotion period are eligible for rewards under promotions A and B.
These promotions are only available to users who have the opportunity to use Binance Simple Earn products, and may not be available or be limited in certain jurisdictions or regions, or for certain users. s, depending on legal and regulatory requirements.
Binance reserves the right to adjust the APR at any time without notice. Please review the Binance Simple Earn Terms of Use before using any product on the Binance Simple Earn platform.
Promotion A :
This promotion only applies to new users who have never subscribed to Simple Earn flexible products before 06/05/2024 at 00:00 (UTC).
FDUSD token voucher rewards will be distributed within three weeks after the promotion ends. Users can claim their rewards in the form of vouchers via Profile > Rewards area.
All token voucher rewards will expire within 30 days of distribution. Eligible users must claim their vouchers before the expiration date. Find out how to claim a voucher here.
Promotion B :
This promotion applies to Earn users, regardless of experience
SUI token rewards will be airdropped to eligible users' Spot Wallets by 07/30/2024 at 11:59 p.m. (UTC), unless otherwise notified by Binance. They can find their rewards via Profile > Assets > Spot Wallet.
Users can also visit the Simple Earn Locked Products and Simple Earn Flexible Products FAQ to learn more.
The different sub-accounts will not be considered independent accounts when you participate in this promotion. The subscription amount of the sub-accounts will be combined with the standard subscription amount of the main account.
Users can view their assets in Simple Earn locked and flexible products by going to Wallets > Earn.
Reimbursement deadline for flexible product subscriptions: instant.
Unlock period for locked products: one day.
About prepayment of Simple Earn locked products: Users can choose to prepay their assets. If they choose early repayment, the digital assets will be returned to the Spot account and users will not be entitled to any rewards. All rewards distributed (cumulative or not) will be deducted from the capital reimbursed. It takes 48-72 hours to receive digital assets.
Users can activate the “Auto-subscribe” feature before subscribing to locked products, which will automatically renew their existing locked products position to a new position of the same duration upon expiration.
Additional Promotion Terms and Conditions can be found here.
Thank you for your support !
The Binance team
04/06/2024
