This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is excited to announce our latest Simple Earn Stablecoins Specials! During the Promotion Period, eligible users may enjoy 16.2% in APR rewards with FDUSD Fixed Rate Locked Products and 7% Bonus Tiered APR rewards with EURI Flexible Products on top of Real-Time APR rewards!
Enjoy up to 16.2% APR With FDUSD and 7% APR With EURI Simple Earn Products
Promotion Period: 2024-11-06 00:00 (UTC) to 2024-11-19 23:59 (UTC)
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Rewards Distribution:
Real-Time APR: Accrued and directly accumulated in users’ Earn Wallets every minute.
Bonus Tiered APR: Distributed to users’ Spot Wallets on a daily basis.
Locked Product APR: Distributed to users’ Spot Wallets on a daily basis.
How to Get Started:
Buy FDUSD or EURI on the Spot market or 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 or EURI to their Binance accounts.
Head to [Simple Earn], and search for FDUSD or EURI.
Select 14 Days and subscribe to FDUSD Locked Products to start earning 16.2% APR, or select Flexible and subscribe to EURI Flexible Products to enjoy 7% Bonus Tiered 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:
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.
APR Rewards:
Fixed Rate Locked Products:
The Fixed APR will remain the same throughout the entire Locked Simple Earn Term. Any available changes to the APR will only apply to users’ new, and not existing, FDUSD Locked Product subscriptions.
Reward Calculation Period: From 00:00 (UTC) on the day after users subscribe to Locked Products, until the end of the subscription period.
Early Redemption: Users may redeem locked assets early, but all rewards received will be forfeited. Assets are generally returned to users’ Spot Wallets 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. Please see our terms and risk warning for more details.
Flexible Products:
Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC). Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the users’ Spot Wallets.
All users who hold open positions for EURI Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the Promotion ends, users will be entitled to Real-Time APR rewards only.
Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token.
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/EURI in any manner.
The assets users deposit in Simple Earn may be loaned to other Binance users (e.g., Margin and Crypto Loan products).
Users may view their Simple Earn Products subscriptions by going to Wallets > Earn > Simple Earn.
Unlock period:
For more information: Simple Earn Locked Products and Simple Earn Flexible Products.
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 between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-11-06
Disclaimer: EURI is an e-money token issued by Banking Circle S.A (https://www.bankingcircle.com/). EURI’s whitepaper is available here. You may contact Banking Circle using the following contact information: +44 (0)7867254482 and clientservices@bankingcircle.com.
EURI purchasers can exchange their EURI at par value for funds denominated in the official currency that the EURI is referencing (EUR) for the monetary value of the EUR held by Banking Circle for the purchaser of the EURI.
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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.
