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Binance Adds ACA on Simple Earn Locked Products

Binance Adds ACA on Simple Earn Locked Products

2024-04-18 05:01

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Simple Earn is adding Acala (ACA) on Locked Products. Complete subscriptions to ACA on Simple Earn Locked Products during the Promotion Period to get up to 12.9%* in APR rewards!

Mechanism on ACA Locked Products

  • Promotion Period: Subscriptions must take place between 2024-04-18 10:00 (UTC) and 2024-07-18 09:59 (UTC) to count as eligible subscriptions.

  • Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact the amount of APR rewards users receive. Refer to the table below and the notes in this announcement for more details.

  • Reward Calculation Period: From 00:00 (UTC) on the day after an eligible subscription to Locked Products is completed, until the end of the subscription period.

  • Rewards Distribution: On a daily basis.

Offered Products (Locked Products)

Digital Asset

Duration

APR During the Promotion Period

Min. Subscription Limit per User

Max. Subscription Limit per User

30 days

7.9%

0.1 ACA

500,000 ACA

60 days

9.9%

0.1 ACA

100,000 ACA

90 days

12.9%

0.1 ACA

10,000 ACA

How to Get Started with ACA Locked Products

  1. Head to [Earn], and search for ACA.

  2. Select Duration, and subscribe with ACA to start earning up to 12.9% APR daily!

Subscribe Now!

Please note:

  • Binance reserves the right to adjust APRs at any time after the Promotion Period without prior notice. Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.

  • 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 may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.

  • Users may enable the “Auto-Subscribe” function before completing subscriptions to 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.

  • Locked Products FAQ.

  • 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 (accrued or otherwise). Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets back into users’ spot accounts.

  • 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

2024-04-18

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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.