This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is pleased to launch two new promotions for SUI (SUI) and USDT Simple Earn Flexible Products! Complete subscriptions to SUI or USDT Simple Earn Flexible Products during the Promotion Period to be eligible for 40 SUI Locked Products rewards each. Users who subscribe to SUI Simple Earn Flexible Products may enjoy an exclusive Bonus Tiered APR of 5% on top of Real-Time APR rewards (i.e., approximately 1%).
Promotion Period: 2024-04-02 12:00 (UTC) to 2024-06-28 23:59 (UTC)
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Reward Payout:
Offered Products (Flexible Products)
Promotion Period: 2024-04-02 12:00 (UTC) to 2024-04-30 23:59 (UTC)
During the Promotion Period, users who fulfill the following requirements will be eligible to participate:
All eligible users will then be ranked by their net eligible subscription amount during the Promotion Period. The top 500 users will qualify to receive a free 150-day SUI Locked Products position.
Rewards (Locked Products):
Please Note:
Net eligible subscription amount = (Total amount of assets subscribed to SUI and USDT Flexible Products) - (Total amount of assets redeemed from SUI and USDT Flexible Products)
Existing Flexible Products positions redeemed during the Promotion Period and resubscribed will not be counted toward the eligible subscription amount.
Terms & Conditions:
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Promotion 1:
Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC). Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Wallet.
All users who hold open positions for SUI Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the promotion ends, users will be entitled to Real-Time APR rewards only.
Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.
Promotion 2:
Eligible users will automatically receive a free SUI Locked Products position by 2024-05-24 23:59 (UTC). SUI rewards will be automatically locked in Simple Earn Locked Products for 150 days, where users can enjoy 12% APR.
Binance Simple Earn will redeem the digital assets/digital currencies locked in Simple Earn Locked Products subscriptions to Simple Earn Flexible Products at the end of the agreed subscription period.
For this promotion, users may not redeem their digital assets/digital currencies in advance.
Users can view their Flexible Products assets by going to Wallets > Earn > Simple Earn > Flexible.
Redemption time for Flexible Products subscriptions: Instant.
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.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Binance reserves the right in its soIe discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: 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.
