Deposit $10 in Crypto with Simple Earn & Earn Up to 40% Rewards Rates
2022-10-21 10:50
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is launching a special promotion for its Simple Earn users in the Africa region! Eligible users can deposit their crypto assets to the Binance Simple Earn platform to receive exclusive rewards.
Promotion Period: 2022-10-22 00:00 (UTC) to 2022-10-31 23:59 (UTC)
How to Participate
- Both new and existing Binance users from the Africa region can participate.
- Task: Deposit $10 equivalent of crypto assets to any Simple Earn Locked Products.
Promotion A: New Simple Earn Users to Receive 40% APR in Crypto Rewards on BNB Over Ten Days
During the promotion period, the first 2,000 users who have not participated in Binance Simple Earn Products before the start of the Promotion Period and fulfill the tasks above will qualify for this promotion.
Eligible users will be whitelisted to subscribe to a 60-day BNB Simple Earn Locked Product with a special 40% APR for the first ten days.
Offered Product (Locked Products)
Digital Asset | Locked Duration | Promotional APR for the First Ten Days | Standard APR (Applicable to the Rest of the Duration) | Min. Subscription Amount Per User | Max. Subscription Limit Per User |
BNB | 60 days | 40% | 3.69% | 0.1 BNB | 1 BNB |
Please note:
- The additional APR enjoyed by users will be adjusted to the standard annualized interest rate after ten days.
- Binance Simple Earn will return digital assets/digital currencies to users’ 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 “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew your existing Locked Products position into a new locked term 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 B: 100 BUSD Flexible Trial Fund Voucher for Existing Simple Earn Users
The first 1,000 existing Simple Earn users from the Africa region who fulfill the participating requirements above within the Promotion Period will be eligible to participate in this promotion.
Eligible users will each receive a 100 BUSD Flexible Trial Fund Voucher, which can be used to subscribe to Simple Earn Flexible Products and receive 10% APR over ten days. Rewards are distributed daily to the user’s Spot wallet.
Terms & Conditions
- All users must have their accounts verified to be eligible for any rewards.
- Only users verified as from the Africa region will be eligible.
- Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
- Users will be notified within two weeks from the end of the Promotion Period, through both email and Binance in-app notifications, of their eligibility as well as instructions on how to claim the rewards.
- Upon subscription to the 60-day BNB Locked Products, users will automatically receive crypto rewards of 40% APR on BNB for the first ten days in their Spot Wallets. Standard interest rates apply to the rest of the subscription period.
- Eligible new users will have to subscribe to a 60-day BNB Locked Product between 2022-11-14 00:00 (UTC) to 2022-11-30 23:59 (UTC) to enjoy the promotional APR.
- Flexible Trial Fund Voucher winners should redeem the vouchers in the Reward Center within 10 days before the expiration date. Learn more about how to redeem a voucher.
- Users can only redeem the rewards they earn from Simple Earn Flexible Products subscription using the 100 BUSD Flexible Trial Fund Voucher for a duration of ten days. The Flexible Trial Fund Voucher cannot be withdrawn or exchanged.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- 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.
Thanks for your support!
Binance Team
2022-10-21
Find us on
Twitter: https://twitter.com/BinanceAfrica
Instagram: https://www.instagram.com/binanceafrica_
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.