Binance Adds LUMIA 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 adding Lumia (LUMIA) on Locked Products. Complete subscriptions to LUMIA on Simple Earn Locked Products during the Promotion Period to get up to 19.9%* in APR rewards!

Mechanism on LUMIA Locked Products

• Promotion Period: Subscriptions must take place between 2024-10-21 10:00 (UTC) and 2025-03-21 09:59 (UTC) to count as eligible subscriptions.

• Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact the amount of APR rewards users receive. Sponsored Rewards. Refer to the table below and the notes in this announcement for more details.

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

• Rewards Distribution: On a daily basis.

Offered Products (Locked Products)

How to get Started with LUMIA Locked Products

1. Buy LUMIA on the Spot Market, or via the Buy Crypto page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit LUMIA to their Binance account. 

2. Head to [Earn], and search for LUMIA.

3. Select Duration, and subscribe with LUMIA to start earning up to 19.9% APR daily!

Please note:

• 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.

• Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.

• Unlock period for Locked Products: One day.

• Locked Products FAQ.

• For early redemption of Simple Earn Locked Products, assets are generally returned to your Spot Account within 72 hours after the redemption request. However, delays may occur due to exceptional circumstances such as extreme market volatility, network outages, protocol failures, or a high volume of simultaneous redemption requests. For more information on associated risks, please refer to the risk factor statement.

• Sponsored Rewards are contributions made by the respective protocol team to Binance with the express purpose of facilitating promotional activities.

• 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

2024-10-21

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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. Binance will return digital assets to users’ spot account after the agreed period ends or upon early redemption. Binance does not guarantee that you will receive any specific reward, or any return over time. Not financial advice. For more information, see our Terms of Use and Risk Warning.