Dear Binancians,
We are thrilled to announce that, due to popular demand, Binance Simple Earn is extending a new promotion for FDUSD Simple Earn Flexible Products. This promotion offers an exclusive Bonus Tiered Annual Percentage Rate (APR) of up to 5% on top of the Real-Time APR rewards, which is approximately 2%.
Promotion Period: 2023-12-21 00:00 (UTC) to 2023-12-27 23:59 (UTC)
Subscription Format: Subscriptions will be processed on a first-come, first-served basis as per the terms mentioned below.
Reward Payout:
- Bonus Tiered APR: This reward will be distributed to users’ Spot Wallets on a daily basis.
- Real-Time APR: This APR will be accrued and directly accumulated in users’ Earn Wallets every minute.
Offered Products (Flexible Products):
| Digital Asset | Duration | APR During Promotion Period | Min. Subscription Limit per User | Max. Subscription Limit per User | Max. Subscription Limit for All Users |
|---|---|---|---|---|---|
| FDUSD | Flexible | Tier 1: 0.1 FDUSD | Unlimited, subject to the Max. Subscription Limit for All Users | 800 Million FDUSD | 0.1 - 500,000 FDUSD |
Real-Time APR (Approx. 2%) + 5% Bonus Tiered APR
Please take note of the following:
- Before utilizing any products on the Binance Simple Earn platform, kindly refer to the Binance Simple Earn Terms & Conditions.
- Bonus Tiered APR is an additional reward offered on top of the Real-Time APR. The accrual of Bonus Tiered APR rewards begins the day after your subscription, starting from 00:00 (UTC). Distribution of rewards to users’ Spot Wallets will commence the following day after accrual, between 00:00 (UTC) and 08:00 (UTC).
- During the Promotion Period, all users holding open positions for FDUSD Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards. Once the promotion ends, users will be entitled to Real-Time APR rewards only. Bonus Tiered APR rewards are calculated based on subscribed amounts and are subject to the respective tier limits for each token. For more details, please refer to the FAQ section.
- Real-Time APR and Bonus Tiered APR rewards are distributed from Binance’s own funds, and the APR percentages are determined based on prevailing market conditions.
- To view your Flexible Products assets, navigate to Wallets > Earn > Simple Earn > Flexible.
- Users have the option to enable the “Auto-Subscribe” function before completing subscriptions to Flexible Products. This feature allows users to automatically subscribe to corresponding Flexible Products using the same asset from the Spot Wallet.
- Redemption for Flexible Products subscriptions is instant. However, daily redemption limits apply to each Flexible Product and may change at any time. The availability of redemptions or any delays in fulfilling redemption requests may be influenced by various factors, including extreme market volatility, network delays, a significant number of simultaneous redemption instructions from other Binance users, and other unforeseen events.
- Binance reserves the right to disqualify any participants believed to be engaging in fraudulent activities or not complying with the applicable terms and conditions.
- Binance also reserves the right to cancel or make amendments to the Promotion or Promotion Rules at its sole discretion.
- For additional promotion terms and conditions, please refer to the provided link.
- Please note that discrepancies may exist in the translated versions of this article. Therefore, it is recommended to rely on the original English version for the most accurate and up-to-date information.
We appreciate your ongoing support.
Best regards, Binance Team 2023-12-18