Fellow Binancians,
Binance is launching a new promotion for all ETH 2.0 Staking users. During the Activity Period, eligible users can increase their net BETH holdings to qualify for APR boosts on ETH 2.0 Staking, while receiving exclusive rewards such as VIP+1 Upgrade Vouchers and a Binance Merchandise.
Activity Period: 2023-02-02 07:00 (UTC) to 2023-03-15 06:59 (UTC)
Promotion A: Increase Your BETH Holdings to Enjoy an APR Boost on ETH 2.0 Staking
All users who increase their net holdings of BETH by a minimum of 600 BETH during the Activity Period, will automatically qualify to receive Tiered ETH 2.0 Staking APR Boost Rewards for BETH tokens accumulated during the Activity Period.
The final APR boost received by each qualified user is dependent on the amount of BETH Accumulated During the Activity Period* and usersâ VIP levels, as shown in the tiered APR structure and rewards calculation mechanism below:
Tier | BETH Accumulated During the Activity Period* | Standard APR for ETH 2.0 Staking** | Tiered ETH 2.0 Staking APR Boost | |
1 | 600 | 4.3% - 11.2% | 0.3% | 0.5% |
2 | 2,000 | 0.5% | 1% | |
3 | 3,500 | 1% | 1.5% | |
4 | 6,000 | 1.5% | 2.5% | |
Rewards Calculation:
- BETH Accumulated During the Activity Period* =
(Daily Average BETH balances in Spot Wallet During Activity Period) - (BETH balances in Spot Wallet as at 2023-02-02 07:00 UTC) - ETH 2.0 Staking APR Boost Rewards (in BETH) =
(BETH Accumulated During the Activity Period * Average Standard APR for ETH 2.0 Staking During Activity Period) * Tiered ETH 2.0 Staking APR Boost - Therefore, the Overall ETH 2.0 Staking Rewards (in BETH) for each qualified user during the Activity Period =
(Cumulative Daily ETH 2.0 Staking Rewards for All BETH Holdings During Activity Period) + (ETH 2.0 Staking APR Boost Rewards)
Notes:
- ETH 2.0 Staking APR Boost Rewards will be calculated and distributed in the form of BETH to usersâ Spot Wallets within two weeks after the Activity ends, while standard ETH 2.0 Staking rewards will continue to be distributed daily.
- The APR for ETH 2.0 Staking is dynamic, following the on-chain mainnet staking rewards. The standard APR range** for ETH 2.0 Staking is based on the historical data for the past three months, and should not be used as a prediction for future APR.
- Users may obtain BETH tokens on Binance via one of the following ways:
- Option 1: Go to the ETH 2.0 Staking page and select âStake Nowâ. Enter the ETH amount, click âConfirmâ, and receive BETH in your Spot wallet.
- Option 2: Purchase BETH from the ETH/BETH liquidity pool using ETH on Binance Swap Farming.
- Option 3: Purchase BETH by completing trades on the BETH/ETH and BETH/BUSD trading pairs at Binance Spot.
- Users are now able to collateralize BETH to borrow other assets on VIP Loan while earning ETH 2.0 Staking rewards. Previously, users will receive ETH 2.0 Staking rewards only if their BETH is in the Spot Wallet.
Promotion B: Enjoy VIP Level Upgrades by Increasing Your BETH Holdings (Regular Users & VIP 1-2 Users Only)
This promotion is open to regular users and VIP 1-2 users only. The top 30 eligible users ranked by the amount of BETH Accumulated During the Activity Period* will be eligible to receive a VIP+1 Upgrade Voucher each. The validity period of VIP+1 Upgrade Vouchers is set at 30 days from the date of redemption.
Bonus Activity: Retweet the Activity Tweet for a Chance to Receive a Binance Skateboard!
Follow @BinanceVIP on Twitter, retweet and reply to the Activity tweet during the Activity Period. Ten eligible users will be chosen based on the selection criteria stated in the terms and conditions to each receive a Binance Skateboard.
Terms & Conditions:
- All users must complete account verification to be eligible for rewards.
- This promotion is subject to the Terms and Conditions for Prize Promotions.
- Eligible users may participate in multiple Promotions and qualify for more than one reward in this Activity.
- Promotion A:
- Users who have already been participating in other BETH promotions will not be eligible for Promotion A, where applicable.
- ETH 2.0 Staking APR Boost Rewards will be calculated and distributed in the form of BETH to usersâ Spot Wallets within two weeks after the end of the Activity Period, while standard ETH 2.0 Staking rewards will continue to be distributed daily.
- Promotion B:
- Binance will announce the list of winners for Promotion B in a separate announcement within 14 days after the Activity ends.
- VIP Upgrade Vouchers will be distributed within two weeks after the Activity ends. The voucher redemption period will be 14 calendar days from the day of distribution. Learn how to redeem a VIP Upgrade Voucher.
- VIP Upgrade Vouchers cannot be combined with other VIP benefits that have already taken effect.
- VIP Upgrade Vouchers are applicable to regular users and VIP 1-2 users. The highest VIP level that can be obtained by redeeming a VIP Upgrade Voucher will be VIP 3. Users who successfully redeem and activate the VIP Upgrade Voucher can enjoy the corresponding VIP benefits for 30 days.
- Bonus Activity:
- Binance VIP will evaluate the depth and relevancy of the replies by all eligible users on the Activity tweet, and select ten eligible winners to each receive a Binance Skateboard.
- @BinanceVIP will contact the winners via Twitter to arrange for the delivery of rewards within two weeks after the Activity ends. If a winner fails to reply within 48 hours of the reward notification, he/she will be deemed to forfeit the reward.
- Winners should provide a valid shipping address, and will be responsible for any taxes if applicable.
- Please visit Binance Institutional to check your current VIP level.
- To learn more about becoming a Binance VIP, please refer to this link.
- Binance reserves the right to cancel or amend any Activity or Activity Rules at its sole discretion.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-02-02
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Binance reserves the right in its sole discretion to amend or change 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. 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.