ADA Special: Buy Crypto to Win ADA, Stake ADA to Earn Up to 17.7% APY
Binance is launching a special promotion for users to share a prize pool of 4,200 ADA tokens.
On top of the prize pool, we have prepared an ADA bonus for users to stake ADA and earn up to 17.7% APY via Locked Staking (available for subscription for 3 days only)!
Buy Crypto to Win ADA
Promotion period: 2021-06-30 11:00 AM (UTC) to 2021-07-06 11:59 PM (UTC)
During the promotion period, all new and existing users who complete both tasks below each day will be eligible to enter the daily promotion.
- Register for a Binance account and complete Intermediate Verification
(Existing users who have done this task can skip this)
- Make a successful crypto purchase of at least $20 or equivalent in local currencies using Visa or MasterCard via Buy Crypto > Credit/Debit Card.
200 winners will be selected per day based on the below mechanism to win 3 ADA tokens each (a total of 1,400 winners for 4,200 ADA tokens in 7 days).
|Sequence of users completing the given task(s) on each day||Total number of winners per day|
|1st - 50th||50|
|101st - 150th||50|
|501st - 550th||50|
|1,001st - 1050th||50|
ADA Bonus: Stake ADA & Earn Up to 17.7% APY
- Staking Format: First-come, first-served basis
- Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis
Details on Staking mechanism on Binance Earn:
- Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked
- The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
- Unlock period for Locked Staking products: 1 day
- Locked Staking FAQ
- About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Terms & Conditions:
- The promotion only applies to users from Israel, Nigeria, South Africa, Uganda, Egypt, Morocco, Mauritius, Seychelles, Tanzania, Namibia, Botswana, Tunisia and Algeria.
- The promotion only applies to all card purchases via Buy Crypto > Credit/Debit Card.
- Users who have completed the given tasks prior to the promotion period will not be eligible for the reward.
- Irrespective of the completion of both tasks, eligible users are limited to one reward per Binance account.
- Each day runs from 0:00 AM (UTC) to 11:59 PM (UTC). The first day runs from 11:00 AM (UTC) to 11:59 PM (UTC).
- The ADA rewards will be allocated to recipients’ Binance Wallets within 2 weeks after the promotion ends. Users can see their rewards via Account > Reward Center.
- The validity period for the cash voucher is set at 14 days from the day of distribution. Learn how to redeem your cash voucher here.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- 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 cancelling, 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.
Risk Warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence.
For South Africa only: Binance users are advised to familiarise themselves with the South African Reserve Banks (SARBs) policies and treatment of cryptocurrencies as well as the Exchange Control Regulations in South Africa. Details can be found here.
Users are encouraged to consult their tax consultants/experts for matters relating to any form of taxation.
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.