This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Due to high demand from users, Binance Simple Earn is excited to launch a new round of promotion for FDUSD Fixed Rate Locked Products! During the Promotion Period, eligible users who complete subscriptions to FDUSD Fixed Rate Locked Products may enjoy 15.9% in APR rewards!
Promotion Period: 2024-09-25 00:00 (UTC) to 2024-10-08 23:59 (UTC)
Mechanism on FDUSD Locked Products:
Subscription Format: Subscription is limited on a first-come, first-served basis. Fixed duration of 14 days.
APR: The fixed rate will remain the same throughout the entire Locked Simple Earn Term. For fixed rate, any available changes to the APR will only apply to users’ new, and not existing, FDUSD Locked Product subscriptions.
Principal Protected means users will get back their principal upon redemption or at the end of the locking period (as applicable).
Reward Calculation Period: From 00:00 (UTC) on the day after users subscribe to Locked Products, until the end of the subscription period.
Rewards Distribution: Distributed to Spot Wallet on a daily basis.
Early Redemption: Users may redeem locked assets early, but all rewards received will be forfeited. The full balance of the locked assets, minus any rewards distributed during the term, will be returned to users’ Spot Wallets no later than 72 hours. However, in the case of exceptional circumstances, the return of such assets may be delayed further. Please see our terms and risk warning for more details.
How to Get Started with FDUSD Locked Products:
Buy FDUSD on the ‘Spot market’, the ‘Buy Crypto’ page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit FDUSD to their Binance account.
Head to [Simple Earn], and search for FDUSD.
Select 14 Days, and subscribe to FDUSD Locked Products to start earning 15.9% APR!
About Binance Simple Earn:
Binance 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.
Please note:
The Promotion is only available to users who are enabled to use Binance Simple Earn Products, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.
Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Simple Earn.
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.
Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Unlock period for Locked Products: One day.
APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. This Promotion is not associated with the issuer of FDUSD in any manner.
The assets users deposit in Simple Earn may be loaned to other Binance users (e.g., Margin and Crypto Loan products).
A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity. The availability of redemptions or delays in fulfillment of redemption requests may be a result of various factors, including but not limited to extreme market volatility, network delays, a significant number of simultaneous instructions to redeem from other Binance users, and any other unanticipated events.
For more information, please check the Locked Products FAQ.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
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.
Thank you for your support!
Binance Team
2024-09-24
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.
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.
