This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is excited to launch two new promotions for COS on Locked Products! Complete subscriptions to COS on Simple Earn Locked Products from 2023-06-21 at 12:00 (UTC) to receive APR rewards daily and get up to 1,000 COS from the promotions!
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Reward Calculation Period: From 00:00 (UTC) on the day after completing subscription to Locked Products, until the end of the subscription period.
Reward Payout Time: On a daily basis.
Offered Products (Locked Products)
Please note:
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.
Users can enable the “Auto-Subscribe” 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.
Redemption time for Locked Products subscriptions: One day.
Locked Products FAQ.
About early redemption for Locked Products subscriptions: Users can choose to redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Promotion 1: Subscribe to COS Locked Products to Receive 1,000 COS in Token Vouchers!
Promotion Period: 2023-06-21 12:00 (UTC) to 2023-07-10 00:00 (UTC)
During the promotion period, users who fulfill the following requirements will be eligible to participate in this promotion:
Subscribe to 15, 30, or 60 days of COS Locked Products
Subscribe at least 2,000 COS to COS Locked Products
All eligible users will be ranked by their total subscription amount to COS Locked Products during the Promotion Period. The top 800 eligible users will each receive a 1,000 COS token voucher.
Promotion 2: COS Locked Products Airdrop
Snapshot Time: 2023-07-10 00:00 (UTC)
Only users who fulfill the following requirements will be eligible to participate in this promotion:
Binance will take a snapshot of all eligible users’ asset holdings in their spot wallets at 2023-07-10 00:00 (UTC). The top 90,000 eligible users ranked by their COS holdings in their spot wallets will each receive 100 COS via Simple Earn Locked Products.
Should there be any rewards left after the initial distribution, the remaining eligible users who have not received a reward yet, will be ranked by the total value of their asset holdings in the spot wallets. Based on this ranking, the top eligible users will then each receive 100 COS via Simple Earn Locked Products, until all rewards are distributed.
Please note: Each eligible user will qualify to receive a maximum of one COS Locked Products position from Promotion 2 only.
Terms and Conditions:
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
The rewards for Promotion 1 and Promotion 2 are mutually exclusive. Users who participate in Promotion 1 are not eligible to participate in Promotion 2.
Promotion 1:
The COS rewards for Promotion 1 will be allocated in token vouchers to eligible users within three weeks after the Promotion ends. Users will be able to login and redeem their voucher rewards via Profile > Rewards Hub.
All the distributed token vouchers will expire within 14 days after distribution. Eligible users should claim their voucher rewards before the expiration date. Learn how to redeem a token voucher.
Promotion 2:
The COS rewards for Promotion 2 will be automatically distributed as Locked Products to eligible users on 2023-07-14 10:00 (UTC). The 100 COS airdrop is a locked subscription to COS Locked Products of 150 days with 10% APR. Please note that this airdrop cannot be redeemed early. Users may check the reward by going to Wallets > Earn > Simple Earn > Locked.
Each eligible user will qualify to receive a maximum of one COS Locked Products position from Promotion 2 only.
Upon expiry of the Locked Products position, the digital assets/digital currencies will be moved to Simple Earn Flexible Products.
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
2023-06-21
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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.
Disclaimer: 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.
