This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is launching an exclusive promotion for our African community! New users of Binance Simple Earn who complete subscriptions to BNB Locked Products on Simple Earn Locked Products can enjoy a 30% boosted APR on BNB Locked Products.
Promotion Period: 2024-09-25 08:30 (UTC) to 2024-10-04 23:59 (UTC)
Mechanism on BNB Locked Products
Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact the amount of APR rewards users receive. Refer to the table below and the notes in this announcement for more details.
Reward Calculation Period: From 00:00 (UTC) on the day after an eligible subscription to Locked Products is completed, until the end of the subscription period.
Rewards Distribution: On a daily basis.
How to Get Started with BNB Locked Products:
About Binance Simple Earn:
Binance 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.
Terms & Conditions:
The promotion is 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.
This promotion is only applicable to new users within the Africa region, excluding countries with applicable prohibitions or legislative restrictions, who have never subscribed to Simple Earn Products before 2024-09-25 8:30 (UTC) (excluding Nigeria).
APR: The fixed rate will remain the same through the entire Locked Duration. For fixed rate, any available changes to the APR will only apply to your new, and not existing, BNB Locked Product subscriptions.
Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Simple Earn.
Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Unlock period for Locked Products: One day.
For early redemption of Simple Earn Locked Products, assets are generally returned to your Spot Account within 72 hours after the redemption request. However, delays may occur due to exceptional circumstances such as extreme market volatility, network outages, protocol failures, or a high volume of simultaneous redemption requests. For more information on associated risks, please refer to the risk factor statement.
For more information, please check Locked Products FAQ.
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.
“Auto-Subscribe” function is not available for this offered product as this is a limited time Promotion.
Please note: The promotional APR offered by Binance is made available through a sponsored budget. This boosted APR for our valued Binance users is only available during the Promotion Period and for new Binance Earn users in the Africa region.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
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
2024-09-25
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Binance reserves the right in its sole 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.
