Fellow Binancians,
Binance is launching a Polygon Summer Giveaway for users to share a prize pool of 15,000 MATIC tokens (worth around 17,000 EUR).
On top of the prize pool, we have prepared a Polygon Summer Bonus for users to stake MATIC tokens and earn up to 34.47% APY via Locked Staking.
Promotion period: 2021-06-16 11:00 AM (UTC) to 2021-06-21 10:59 AM (UTC)
Polygon Summer Giveaway
During the promotion period, users who complete either one of the tasks below each day will be eligible to enter the daily promotion.
During the promotion period, users who complete either one of the tasks below each day will be eligible to enter the daily promotion.
- Make a successful crypto purchase of at least $100 in EUR or GBP using Visa or MasterCard via Buy Crypto > Credit/Debit Card.
- Make a deposit of at least $100 worth of EUR or GBP via Faster Payments or SEPAS
200 winners will be selected per day based on the below mechanism to win 15 MATIC tokens each (1,000 users for 15,000 MATIC tokens in five days).
| Sequence of users completing the given task on each day | Total number of winners per day |
| 1st - 50th | 50 |
| 101st - 150th | 50 |
| 501st - 550th | 50 |
| 1,001st - 1050th | 50 |
Polygon Summer Bonus: Stake MATIC & Earn Up to 34.47% APY
- Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis
Details on Staking mechanism on Binance Earn:
- Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
- The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
- Unlock period for Locked Staking products: 1 day.
- Locked Staking FAQ.
- About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
Terms & Conditions:
- This promotion only applies to users from Switzerland, Finland, Romania, Norway, Iceland, Denmark, Estonia, Bulgaria, Czech, Croatia, Belgium, Austria, Andorra, San Mario, Poland, Luxembourg, Greece, Ireland, Lithuania, Latvia, Spain, Portugal.
- Local currencies that are eligible for this promotion are EUR and GBP. Please note that certain fiat currencies are not available for deposit or card transactions for now.
- Binance will use the local currency to USD foreign exchange rate at 2021-06-21 08:59 AM (UTC) for the calculation of the $100 deposit and crypto purchase requirements.
- Each day runs from 11:00 AM (UTC) of the day to 10:59 AM (UTC) of the next day.
- The rewards for Polygon Summer Giveaway will be allocated in MATIC to the winners’ Binance Wallets within 14 days after the promotion ends. Users can see their rewards by selecting the Account Center > Wallet > Distribution History.
- Eligible users are limited to one reward per Binance account.
- Binance reserves the right to disqualify any participants or transactions that are showing signs of fraudulent behavior immediately.
- 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 cancelling, extending, terminating or suspending this Promotion, 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.
Risk Warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Purchasing crypto assets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.
Thanks for your support!
Binance Team
2021-06-16
Binance Team
2021-06-16
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.