Binance Loans Launches Promotion for Selected Proof-of-Work Tokens: Get a 30 USDT Token Voucher on Flexible Loan & Enjoy Lower Borrowing Rates on VIP Loan!

Fellow Binancians,

Binance Loans is pleased to introduce new promotions for selected Proof-of-Work (POW) tokens (i.e., BTC, LTC, BCH, ETC or DOGE) on both Flexible Loan and VIP Loan.

During the Promotion Period, 100 users who either complete eligible Flexible Loans for any of the selected POW tokens, or use any of these eligible tokens as collateral to complete qualified Flexible Loans, will stand to each receive a 30 USDT token voucher on a first-come, first served basis. 

In addition, all users can qualify to enjoy lower borrowing rates when completing eligible VIP Loans for the selected POW tokens during the Promotion Period. 

Promotion Period: 2023-06-19 12:00 (UTC) to 2023-07-19 12:00 (UTC)

Promotion 1: Borrow BTC, LTC, BCH, ETC or DOGE via Flexible Loan, or Use These Selected POW Tokens as Collateral in Flexible Loan to Get a 30 USDT Token Voucher  

The first 100 Flexible Loan users who complete all of the following tasks will qualify to each receive a 30 USDT token voucher. 

• Confirm their participation here.

• Borrow 500 USDT equivalent of BTC, LTC, BCH, ETC or DOGE on Flexible Loan, OR use any of these selected POW tokens as collateral for a Flexible Loan order that is worth at least 500 USDT equivalent from 2023-06-19 12:00 (UTC) to 2023-07-19 12:00 (UTC).

• Maintain their Flexible Loan position at a minimum of 500 USDT equivalent for at least ten full days after completing the loan.

Please note that users can continue to earn Real-Time APR rewards with their collateral on Binance Flexible Loan. Refer to this announcement for more information.

Promotion 2: Enjoy Discounted Rates When Borrowing BTC, LTC, BCH, ETC or DOGE on VIP Loan

During the Promotion Period, all users can enjoy following discounted borrowing rates for each VIP Loan that fulfills all of the following requirements:

• BTC, LTC, BCH, ETC or DOGE is the borrowed asset 

• The loan amount is at least $200,000 equivalent 

• The loan has a loan term of 30 days

Please note that the discounted borrowing rates above are available to users on a first-come, first served basis. Each VIP Loan for BTC, LTC, BCH, ETC or DOGE that meets the stipulated requirements above will reduce the corresponding borrowable asset’s Promotion Inventory*. 

Once a borrowable asset’s Promotion Inventory* has been depleted, the corresponding promotional annual interest rate will revert to the standard annual interest rates. Users should refer to the VIP Loan page for the latest interest rates. 

For more information, please reach out to the Binance VIP Key Account Coverage team via Telegram (@vip_loan_binance). 

Terms & Conditions:

• Please refer to Loan Data and VIP Loan for the latest interest rates and a complete list of loanable and collateral assets.

• Visit the Binance VIP Loan, Flexible Loan or Simple Earn Flexible Products FAQs to learn more. Users who are interested in VIP Loan may also get in touch with the Binance VIP Key Account Coverage team via Telegram (@vip_loan_binance) or email (vip_loan@binance.com) for more information. 

• All verified users are eligible to participate in both Promotion 1 and Promotion 2. 

• Selected Proof-of-Work (POW) tokens for Promotion 1 and Promotion 2: BTC, LTC, BCH, ETC, DOGE.

• Promotion 1: 

  • Promotion 1 is only available to users who are enabled to use Binance Simple Earn, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.

  • All rewards will be distributed in the form of USDT token vouchers 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.

  • Terms and conditions for Binance Flexible Loan and Simple Earn apply.

• Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.

• Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending these Promotions, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.

• 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

2023-06-19

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

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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.

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