Binance Adds ALT on Simple Earn Locked Products

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

Fellow Binancians,

Binance Simple Earn is launching AltLayer (ALT) on Locked Products. Complete subscriptions to ALT on Simple Earn Locked Products during the Promotion Period to get up to 10.9% in APR rewards.

Mechanism on ALT Locked Products

• Promotion Period: 2024-01-30 10:00 (UTC) to 2024-07-30 09:59 (UTC)

• Subscription Format: First-come, first-served basis.

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

• Rewards Distribution: On a daily basis.

Offered Products (Locked Products)

How to Get Started with ALT Locked Products

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

2. Select Duration, and subscribe with ALT to start earning up to 10.9% APR daily!

About Simple Earn:

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:

• 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. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.

• 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

2024-01-30

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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.