This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn has launched two new promotions for ERN on Flexible and Locked Products. Complete subscriptions to ERN Simple Earn Products from 2023-03-10 at 12:00 (UTC) to receive regular rewards and 10 ERN exclusive rewards!
- Subscription Format: First-come, first-served basis.
- Reward Calculation Period:
- Flexible: From the minute after a subscription to Flexible Products is completed until redemption.
- Locked: From 00:00 (UTC) on the day after a subscription to Locked Products is completed, until the end of the subscription period.
- Reward Payout Time:
- Flexible: Every minute.
- Locked: On a daily basis.
Digital Assets | Duration | Standard APR | Min. Limit per User | Max. Limit per User |
ERN | Flexible | Real-time APR | 0.01 ERN | Unlimited |
ERN | 30 days | 4.39% | 0.1 ERN | 1,500 ERN |
ERN | 60 days | 7.59% | 0.1 ERN | 500 ERN |
ERN | 120 days | 13.90% | 0.1 ERN | 100 ERN |
Please note:ďťż
- Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products 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, and view Flexible Products assets by going to Wallets > Earn > Simple Earn > Flexible
- Users can enable the âAuto-Subscribeâ function before completing subscriptions to Locked Products, which will automatically renew their existing Locked Products position into a new position of the same duration upon expiry.
- Locked Products redemption time: One day.
- Flexible Products redemption time: Instant.
- Simple Earn Products FAQ.
- About Locked Products 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 you will not be entitled to any rewards. Any distributed rewards will be deducted from the amount you used to subscribe. It may take 48-72 hours to receive the digital assets.
Promotion: Subscribe to ERN Simple Earn Products to Receive 10 ERN
Promotion Period: 2023-03-10 12:00 (UTC) to 2023-03-31 11:59 (UTC)
During the promotion period, users who fulfill the following requirements will be eligible to participate in this promotion:
- Users who have not participated in Binance Simple Earn Flexible or Locked Products before the start of the promotion period.
- Participate in ERN Flexible Product, or 30, 60 or 120 days ERN Locked Products.
For this promotion, the first 10,000 users who fulfill the above requirements will be eligible to share 3,550 ERN in rewards according to the reward structure below.
Reward Structure:
Sort by ERN SImple Earn Products Subscription Time | Reward per Eligible User |
1st - 100th Places | 10 ERN |
101st - 200th Places | 1 ERN |
201st - 10,000th Places | 0.25 ERN |
Terms and Conditions:
- Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
- The ERN rewards for the Promotion will be allocated in token vouchers to recipientsâ Binance Reward Center within three weeks after the promotion ends. Users can see their rewards by selecting the Account > Reward Center. Eligible users need to redeem the voucher before it expires in 14 days.
- 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 to cancel or amend the Promotion or Promotion Rules at its sole discretion.
- Additional promotion terms and conditions can be accessed here.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-03-10
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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.
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. Binance will return digital assets to usersâ spot account after the agreed period ends or upon early redemption. Binance does not guarantee that you will receive any specific reward, or any return over time. Not financial advice. For more information, see our Terms of Use and Risk Warning.