This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn is pleased to launch a promotion for SOL Locked Products, BNB Locked Products and ETH Staking. Complete subscriptions to SOL Locked Products, BNB Locked Products, and/or ETH Staking to earn multiple rewards:
A share of 38,500 PORTAL in airdrop rewards;
Earn up to 8.1% in APR rewards with SOL Locked Products positions;
Earn up to 1.39% APR in BNB rewards, as well as Launchpool and Megadrop rewards with BNB Locked Products positions (where applicable);
Earn approximately 3% in dynamic APR rewards with ETH Staking.
Promotion: Subscribe to SOL Locked Products, BNB Locked Products or ETH Staking to Share 38,500 PORTAL in Airdrop Rewards
Promotion Period: 2024-05-14 00:00 (UTC) to 2024-05-28 23:59 (UTC)
During the promotion period, users who meet the following requirements will be eligible to participate:
All eligible users will be ranked by their net eligible subscription amount during the Promotion Period. The top 500 users will qualify to share the following rewards, listed in the table below.
Please Note:
Net eligible subscription amount = (Total amount of assets subscribed to SOL and/or BNB Locked Products - Total amount of assets redeemed from SOL and/or BNB Locked Products) + (Total amount of WBETH received from ETH Staking - Total amount of WBETH redeemed to ETH - Total amount of WBETH sold in the spot market)
Users who redeem existing Locked Products positions created before the promotion only to recreate the same Locked Products positions during the Promotion Period, will have a net eligible subscription amount equivalent to zero.
Case Study 1:
User A has a Locked Products position of 10 SOL before the promotion start date. Then User A decides to redeem 10 SOL from Locked Products, opt-in to this promotion, and subscribe to Locked Products with 10 SOL during the Promotion Period.
User A’s net eligible SOL subscription amount: 10 SOL - 10 SOL = 0
Case Study 2:
User B has a Locked Products position of 10 SOL before the promotion start date. Then User B opts in to this promotion and subscribes to SOL Locked Products with an additional 5 SOL during the Promotion Period.
User B’s net eligible SOL subscription amount: 5 SOL.
Case Study 3:
User C opts in to this promotion and stakes 10 ETH, receiving 9.658 WBETH (based on the conversion ratio). Then User C decides to sell 9.658 WBETH during the Promotion Period.
User C’s net eligible subscription amount: 9.658 WBETH - 9.658 WBETH = 0.
Each user’s net eligible subscription amount will be calculated based on the USDT equivalent value at the time when users perform the subscription and redemption during the Promotion Period.
Direct purchases of WBETH from the WBETH/ETH spot trading pair will not count toward the calculation of users’ net eligible subscription amount during the Promotion Period.
Reward Structure:
Join the Promotion Now!
About Simple Earn, ETH Staking, BNB Locked Products, Megadrop & Launchpool Rewards:
Simple Earn allows users to earn daily rewards by depositing their digital assets for flexible or locked terms. Users may subscribe to or redeem assets from Simple Earn almost at any time, thus retaining great flexibility and liquidity over their assets while earning daily rewards.
ETH Staking allows users to stake their Ethereum (ETH) tokens to support the Ethereum network’s operations. By staking ETH on Binance, users contribute to the network’s security and efficiency, and will receive WBETH tokens in return (i.e., a tokenized representation of staked ETH and rewards).
Users may subscribe to BNB Locked Products using their BNB assets at any time to earn the following rewards:
Launchpool Rewards (where applicable)
BNB Rewards (Refer to the latest APR)
Megadrop Rewards (where applicable)
Only users in qualified countries/regions will automatically receive Megadrop and/or Launchpool rewards for holding BNB Locked Products positions.
Users are not required to manually redeem their BNB assets from BNB Locked Products to participate in Launchpools.
Rewards calculation for Launchpools is the same, regardless of whether users subscribe to BNB Locked Products or stake their BNB directly in Launchpools.
When there are multiple Launchpool projects running concurrently, users’ BNB assets in Locked Products will automatically be equally allocated to each Launchpool project the user is eligible for.
Read more: Frequently Asked Questions on Megadrop and BNB Locked Products, Binance Extends Launchpool Rewards to Users with BNB Locked Products Positions.
Terms & Conditions:
Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in this Promotion.
Binance reserves the right to adjust APRs at any time without prior notice. Please refer to Binance Simple Earn Terms of Use prior to using any products on the Binance Simple Earn platform, as well as the Binance ETH Staking Terms and Conditions prior to using ETH Staking.
Users may also view the FAQs on Simple Earn Locked Products and ETH Staking for more information.
Each sub-account will not be viewed as an independent account when participating in this Promotion. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.
PORTAL token rewards will be airdropped to eligible users by 2024-6-30 23:59 (UTC), unless otherwise advised by Binance. Users may find their rewards via Profile > Assets > Spot Wallet.
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.
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 assets on Simple Earn Locked Products and Flexible Products by going to Wallets > Earn.
Users may enable the “Auto-Subscribe” function before completing subscriptions to Simple Earn Locked Products, which will automatically renew users’ existing Locked Products position into a new position of the same duration upon expiry.
Unlock period for Locked Products: One day.
About early redemption for Simple Earn Locked Products: Users may 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 (accrued or otherwise) will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
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.
Thank you for your support!
Binance Team
2024-05-14
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.
