This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn has launched two new promotions for BAND on Locked Products. Complete subscriptions to BAND Locked Products from 2023-02-24 at 12:00 (UTC) to enjoy exclusive APR, and receive 20 BAND in rewards!
Promotion 1: Deposit & Subscribe to BAND Locked Products to Enjoy Exclusive APR
Promotion Period: 2023-02-24 12:00 (UTC) to 2023-03-05 11:59 (UTC)
- Subscription Format: First-come, first-served basis.
- Reward Calculation Period: From 00:00 (UTC) on the day after you complete your subscription to Locked Products, until the end of the subscription period.
- Reward Payout Time: On a daily basis.
Digital Assets | Duration | APR During the Promotion Period | Standard APR | Min. Locked Products Subscription Limit per User | Max. Locked Products Subscription Limit per User |
BAND | 30 days | 7.84% | 7.84% | 20 BAND | 50,000 BAND |
BAND | 60 days | 9.27% | 9.27% | 20 BAND | 50,000 BAND |
BAND | 120 days | 19.89% | 14.90% | 20 BAND | 200 BAND |
Please note:ďťż
- The exclusive APR is only available during the promotion period, and it will be adjusted to the standard APR once the promotion ends.
- Binance Simple Earn will return digital assets/digital currencies to usersâ spot wallets at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
- Users can view their Locked Products assets by going to Wallets > Earn > Simple Earn > Locked.
- Users can enable the âAuto-Subscribeâ function before completing subscriptions to Locked Products, which will automatically renew their existing Locked Products position into a new position of the same duration upon expiry.
- Unlock period for Locked Products: One day.
- Locked Products FAQ.
- About early redemption: Users can choose to redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Promotion 2: Buy & Subscribe to BAND Locked Products to Each Receive 20 BAND
Promotion Period: 2023-02-24 12:00 (UTC) to 2023-03-05 11:59 (UTC)
During the promotion period, users who fulfill the following requirements will be eligible to participate in this promotion:
- Attain a net purchase amount of 100 BAND or more (where net purchase amount means the total amount of BAND purchased on Binance Spot less the amount of BAND sold on Binance Spot).
- Participate in 60 or 120 days of BAND Locked Products.
For this promotion, the first 400 users who fulfill the above requirements will each receive 20 BAND tokens.
Terms and Conditions:
- Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
- The BAND rewards for Promotion 2 will be allocated to recipientsâ Binance Wallets within three weeks after the promotion ends. Users can see their rewards by selecting the Account > Wallet > Transaction History > Distribution.
- 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.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-02-24
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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.
Risk Warning: 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. Binance will return digital assets to usersâ spot account after the agreed period ends or upon early redemption. Binance does not guarantee that you will receive any specific reward, or any return over time. Not financial advice. For more information, see our Terms of Use and Risk Warning.