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Binance Updates VIP & Institutional Investors Program for Staking Users

2022-09-23 07:15
Fellow Binancians,
Following the introduction of Simple Earn, Binance is updating and renaming the VIP & Institutional Investors Program for Staking users to VIP Investors Program for Simple Earn.
From 2022-09-23 00:00 (UTC), users may become a Binance VIP or qualify for a higher VIP level after meeting the 30-day average Simple Earn Locked Product subscription amount and daily average BNB holding requirements specified in the table below. Locked Staking subscriptions in the past 30 days will be used in the calculation of the 30-day average Simple Earn Locked Product subscription amount, where applicable.
VIP Investors Program for Simple Earn Requirements:
30-Day Average Simple Earn Locked Product Subscription Amount (BUSD)
250,000
25
VIP 1
1,000,000
100
VIP 2
4,000,000
250
VIP 3
25,000,000
500
VIP 4
35,000,000
1,000
VIP 5
75,000,000
1,750
VIP 6
120,000,000
3,000
VIP 7
225,000,000
4,500
VIP 8
300,000,000
5,500
VIP 9
Highlights of the VIP Investors Program for Simple Earn:
  • Users who meet the 30-day average Simple Earn Locked Product subscription amount and daily average BNB holding thresholds will be automatically upgraded to the corresponding VIP tier, if the VIP Investors Program for Simple Earn qualifies them for a higher VIP level than their current standing.
  • VIP users who would like to complete a customized or larger Simple Earn Locked Product subscription are welcome to submit a request online.
Notes:
  • Subscriptions to Flexible Products on Simple Earn will not count toward the calculation of the 30-day average Simple Earn Locked Product subscription amount.
  • 30-day average Simple Earn Locked Product subscription amount is calculated as: (( First subscription amount in the last 30 days * valid subscription period ) + ( Second subscription amount in the last 30 days * valid subscription period ) + ... ) / 30 (days).
    • The BUSD equivalent of users’ Simple Earn Locked Product subscription amount will be used to calculate the 30-day average Simple Earn Locked Product subscription amount.
    • Locked Staking subscriptions in the past 30 days will be used in the calculation of the 30-day average Simple Earn Locked Product subscription amount, where applicable.
  • Effective from 2022-09-23 00:00 (UTC), a daily snapshot of users’ 30-day average Simple Earn Locked Product subscription amount and daily average BNB holdings will be taken at 23:59:59 (UTC) using the real-time BUSD exchange rate. Users will be upgraded to a higher VIP level on the next day at 00:00 (UTC), if applicable.
  • The daily average BNB balance requirement is unchanged. For more information, read our BNB Balance Calculation rules.
  • Should your 30-day average Simple Earn Locked Product subscription amount or daily average BNB holding fall below the minimum thresholds of 250,000 BUSD-equivalent and 25 BNB respectively, it may result in the removal of your account from the program.
  • Should a user qualify for a higher VIP level under another Binance VIP Program, the highest VIP level will apply.
  • Please visit VIP Fee Structure or User Center to check your current VIP level.
  • For more programs under Binance VIP & Institutional, check out the Binance VIP Program, VIP Borrower Program, VIP Holder Program, and VIP & Institutional Investors Program for Dual Investment Users.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2022-09-23
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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 are subject to high market risk and price volatility. 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. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.