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Binance Flexible Loan: Share $5,000 in BETH Token Vouchers By Using BETH as Collateral for Your First Flexible Loan

Binance Flexible Loan: Share $5,000 in BETH Token Vouchers By Using BETH as Collateral for Your First Flexible Loan

2023-05-29 01:40

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

Fellow Binancians,

Binance Loans is pleased to introduce a promotion for new Flexible Loan users. 

Promotion Period: 2023-05-29 02:00 (UTC) to 2023-06-11 23:59 (UTC)

The first 2,000 new Flexible Loan users who complete all of the following tasks will qualify to each receive $2.50 in BETH token voucher. 

  • Confirm their participation in the promotion

  • Use BETH as collateral when completing their first Flexible Loan of at least 100 USDT equivalent by 2023-06-11 23:59 (UTC) 

  • Maintain their first Flexible Loan position at a minimum of 100 USDT equivalent for at least five full days after completing the loan

Please note that users can continue to earn ETH Staking rewards with their BETH collateral on Binance Flexible Loan. Refer to this announcement for more information.

Join the Promotion Now!

Guides and Related Materials:

Terms and Conditions:

  • This promotion applies to new Flexible Loan users only. 

  • In order to be eligible for rewards, users must register their participation here and complete their first Flexible Loan order of at least 100 USDT equivalent for any loanable asset while using BETH as collateral. Refer to Loan Data for a full list of loanable assets and their respective interest rates.

  • Users can qualify for rewards as long as they complete their first Flexible Loan order while fulfilling the aforementioned requirements by 2023-06-11 23:59 (UTC). Users may make partial repayments for their Flexible Loans during the promotion period, but they should maintain the minimum loan amount of their first Flexible Loan position at 100 USDT equivalent for a minimum of five full days. 

  • Currently, Binance Flexible Loan only supports repayments in the same cryptocurrency borrowed by the user.

  • Rewards Distribution:

    • Each qualified user will receive $2.50 in BETH token voucher. Rewards are distributed on a first-come, first-served basis.

    • Binance will calculate and distribute BETH token voucher rewards according to the BETH/USDT exchange rate at 2023-06-12 00:00 (UTC). 

    • All token vouchers will be distributed to eligible users by 2023-06-22 10:00 (UTC). Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.

    • The voucher redemption is set at 14 days from the day of distribution. Learn how to redeem a voucher.

  • 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 at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.

  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-05-29

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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.

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