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 new promotion for BNB Locked Products this Lunar New Year! Complete subscriptions to BNB Locked Products now to earn multiple rewards:
A share of 28,888 MANTA in Simple Earn Locked Products
Exclusive VIP Binance merchandise
Earn Launchpool rewards (where applicable)
Earn up to 3.5% APR in BNB rewards
Promotion: Subscribe to BNB Locked Products to Share 28,888 MANTA in Simple Earn Locked Products & Exclusive VIP Binance Merchandise
Promotion Period: 2024-02-06 04:00 (UTC) to 2024-02-18 23:59 (UTC)
During the Promotion Period, users who fulfill the following requirements will be eligible to participate:
Subscribe to BNB Locked Products with at least 0.5 BNB
All eligible users will be ranked by their net BNB Locked Products subscription amount (where net BNB Locked Products subscription amount means the total amount of BNB subscribed in BNB Locked Products less the amount of BNB redeemed from BNB Locked Products) during the Promotion Period.
The top 500 users will then qualify to share the following rewards. Please note that MANTA rewards will be automatically locked in Simple Earn Locked Products for 150 days, where users can enjoy 8.9% APR.
Reward Structure:
About BNB Locked Products & Launchpool 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)
Only users in qualified countries/regions will automatically receive 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: 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 BNB Locked Products or any other products on the Binance Simple Earn platform. Users may also view the FAQ for more information on BNB Locked Products.
The rewards specified in the table above are limited to the top 500 eligible users only.
Rewards Distribution
Eligible users will automatically receive a free 150-day MANTA Locked Products position by 2024-03-10 23:59 (UTC), where they may enjoy 8.9% APR in rewards.
Notwithstanding the Terms and Conditions for Simple Earn, users may not redeem their rewarded digital assets/digital currencies in advance for this promotion.
Binance will contact all eligible winners who qualify to receive Binance merchandise via email within three weeks after the promotion ends to facilitate the corresponding rewards distribution.
If a winner fails to reply within 48 hours of the reward notification, he/she will be deemed to forfeit the reward. Winners should provide a valid shipping address, and will be responsible for any taxes, if applicable. Binance will not be held responsible if the address is incorrect or unavailable, resulting in the winner not receiving the reward.
Binance merchandise will be distributed within two months after the promotion ends and sent to the address provided by the winners.
No refunds or cash equivalent value of the physical rewards will be granted.
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 BNB 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 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
2024-02-06
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.