This is a general announcement. Products and services mentioned may not be available in your region.

Hello Binancian:

Binance Simple Earn is excited to announce an update for MANTRA (OM) Locked products. Subscribe OM to Simple Earn Locked products during the promotion period to get up to 19.9%* in APR rewards.

Mechanism for Blocked OM Products

  • Promotion Period: Subscriptions must be made between May 1, 2024 at 10:00 (UTC) and March 31, 2025 at 09:59 (UTC) to be eligible.

  • Subscription format*: First come, first served. Minimum subscription amount, maximum subscription limits and duration requirements apply and will impact your APR. Please see the table below and the notes in this announcement for further details.

  • Reward calculation period: From 00:00 (UTC) on the day after completing an eligible subscription to Locked products until the end of the subscription period.

  • Reward distribution: daily.

Products offered (Blocked products)

Digital asset

Duration

APR during the promotion period

Minimum subscription limit per user

Maximum subscription limit per user

OM

30 days

12.9%

1 OM

50,000 OM

60 days

15.9%

1 OM

10,000 OM

90 days

19.9%

1 OM

2,000 OM

How to start using OM Locked products

  1. Go to [Earn] and search for OM.

  2. Select the Duration and subscribe to OM to start earning up to 19.9% ​​daily APR.

Subscribe now!

Please note the following:

  • Binance reserves the right to modify APR rates at any time after the promotion period without prior notice. Please refer to Binance Simple Earn Terms and Conditions before using any products on the Binance Simple Earn platform.

  • Binance Simple Earn will refund any digital assets or currencies subscribed to Simple Earn Locked products for Simple Earn Flexible products at the end of the agreed subscription period. The value of digital assets or currencies fluctuates and is subject to change.

  • Users can view their Locked product subscriptions from Wallets > Earn > Simple Earn > Locked.

  • Users can activate the “Auto-Subscription” feature before completing subscriptions to Locked products, which will automatically renew their current Locked product positions with a new position of the same duration once the previous position expires.

  • Unlocking period for Locked products: one day.

  • Frequently Asked Questions about Blocked Products.

  • About early refund for Simple Earn Locked products: Users can request an early refund of their assets. After choosing this option, the digital assets will be returned to the Spot account, and users will not be entitled to receive any rewards (accrued or otherwise). Distributed rewards will be deducted from the returned equity. It may take 48-72 hours for the digital assets to arrive in your Spot account.

  • Note: Binance promotional APR is offered in part through a sponsored partnership with our token partner. This collaboration allows us to provide a competitive or higher APR to our valued Binance users.

  • There may be discrepancies between the translated version and the original English version of this announcement. If there are discrepancies, please refer to the original version for the most recent or accurate information.

Thank you for your support!

The Binance Team

1/5/2024

Note: This announcement was modified on 1/10/2024 to update the promotion period.