This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
In celebration of the Binance World Championship, Binance Simple Earn is pleased to launch two promotions for Simple Earn Flexible Products and Locked Products! By participating in these promotions, eligible users can receive 20 FDUSD and up to 1,000 SUI in rewards on top of the standard APR rewards.
Promotion Period: 2024-06-05 00:00 (UTC) to 2024-06-25 23:59 (UTC)
Promotion A: Subscribe to USDC Flexible Products to Get 20 FDUSD in Rewards!
During the Promotion Period, users who fulfill the following requirements will be eligible to participate:
All eligible users will then be ranked based on the subscription timing during the Promotion Period. The first 200 users will be eligible to receive a 20 FDUSD token voucher reward.
Please Note:
Net eligible subscription amount = (Total amount of assets subscribed to USDC Flexible Products) - (Total amount of assets redeemed from USDC Flexible Products)
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 requirements will be eligible to participate:
All eligible users will be ranked by their net eligible subscription amount during the Promotion Period. The top 500 users will qualify to share the following rewards, listed in the table below.
Please Note:
Net eligible subscription amount = (Total amount of assets subscribed to SUI and/or BNB Locked Products - Total amount of assets redeemed from SUI and/or BNB Locked Products)
Users who redeem existing Locked Products positions created before the promotion only to recreate the same Locked Products positions during the Promotion Period, will have a net eligible subscription amount equivalent to zero.
Case Study 1:
User A has a Locked Products position of 10 SUI before the promotion start date. Then User A decides to redeem 10 SUI from Locked Products, opt-in to this promotion, and subscribe to Locked Products with 10 SUI during the Promotion Period.
User A’s net eligible SUI subscription amount: 10 SUI - 10 SUI = 0
Case Study 2:
User B has a Locked Products position of 10 SUI before the promotion start date. Then User B opts in to this promotion and subscribes to SUI Locked Products with an additional 5 SUI during the Promotion Period.
User B’s net eligible SUI subscription amount: 5 SUI.
Each user’s net eligible subscription amount will be calculated based on the USDT equivalent value at the time when users perform the subscription and redemption during the Promotion Period.
Eligible participants can check their rank from the leaderboard page, which will be updated every 24 hours.
Reward Structure:
Join the Promotion Now!
About Simple Earn & BNB Locked Products Rewards:
Simple Earn allows users to earn daily rewards by depositing their digital assets for flexible or locked terms. Users may subscribe to or redeem assets from Simple Earn almost at any time, thus retaining great flexibility and liquidity over their assets while earning daily rewards.
Users who subscribe to BNB Locked Products using their BNB assets at any time may also earn the following rewards:
Launchpool Rewards (where applicable)
BNB Rewards (Refer to the latest APR)
Megadrop Rewards (where applicable)
Only users in qualified countries/regions will automatically receive Megadrop and/or 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.
When 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: Frequently Asked Questions on Megadrop and BNB Locked Products, 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 Promotion A and B.
The promotions are only available to users who are enabled to use Binance Simple Earn Products, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.
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 any products on the Binance Simple Earn platform.
Promotion A:
This promotion is only applicable to new users who have never subscribed to Simple Earn Flexible Products before 2024-06-05 00:00 (UTC).
FDUSD Token voucher rewards will be distributed within three weeks after the end of the promotion. Users may claim their voucher rewards via Profile > Rewards Hub.
All token voucher rewards will expire within 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.
Promotion B:
This promotion is applicable to existing and new Earn users.
SUI token rewards will be airdropped to eligible users’ Spot Wallets by 2024-7-30 23:59 (UTC), unless otherwise advised by Binance. Users may find their rewards via Profile > Assets > Spot Wallet.
Users may also view the FAQs on Simple Earn Locked Products and Simple Earn Flexible Products for more information.
Each sub-account will not be viewed as an independent account when participating in this Promotion. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.
Users can view their assets on Simple Earn Locked Products and Flexible Products by going to Wallets > Earn.
Redemption time for Flexible Products subscriptions: Instant.
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 (accrued or otherwise) will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Users may enable the “Auto-Subscribe” function before completing subscriptions to Simple Earn Locked Products, which will automatically renew users’ existing Locked Products position into a new position of the same duration upon expiry.
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.
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
2024-06-04
Binance reserves the right in its soIe 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.
