Binance, a leading cryptocurrency exchange, has launched a new promotional offer for its FDUSD Simple Earn Flexible Products. According to binance.com, eligible users can enjoy an exclusive Bonus Tiered Annual Percentage Rate (APR) of 10.5% on top of Real-Time APR rewards, bringing the total potential APR to 11.5%.
Promotion Details:
The promotion period runs from July 26, 2024 (00:00 UTC) to August 8, 2024 (23:59 UTC). During this time, users who subscribe to the FDUSD Simple Earn Flexible Products on a first-come, first-served basis can benefit from the enhanced APR rewards.
Subscription and Rewards:
Subscribers will start accruing Bonus Tiered APR rewards the day after their subscription, starting from 00:00 UTC. These rewards will be distributed daily between 00:00 UTC and 08:00 UTC to the user’s Spot Wallet. All users holding open positions in FDUSD Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the promotion period. After the promotion ends, only Real-Time APR rewards will continue. The Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to specific tier limits. Users can view their Flexible Products assets in their Binance wallets under the ‘Earn’ section.
Terms and Conditions:
Binance outlined several terms and conditions for the promotion:
- Bonus Tiered APR rewards start accruing the day after subscription.
- Rewards are distributed daily to the user’s Spot Wallet.
- Real-Time APR and Bonus Tiered APR rewards are funded by Binance’s resources and are not affiliated with the issuer of FDUSD.
- Redemption for Flexible Products subscriptions is instant, though daily redemption limits apply and may change.
- Binance reserves the right to disqualify participants who tamper with the system or act fraudulently.
- Binance may cancel or amend the promotion at its discretion.
Additional Information:
Users are advised to refer to the Binance Simple Earn Terms & Conditions before participating. Discrepancies may exist between translated and original versions of the announcement; users should refer to the original English version for the most accurate information. Binance also includes a disclaimer about the volatility of digital asset prices and the risks involved in cryptocurrency investments. Users are encouraged to make informed decisions and understand that APR is an estimate and may vary.
For more details, visit the official announcement on binance.com. This promotion offers a lucrative opportunity for users to maximize their returns while participating in Binance’s FDUSD Simple Earn Flexible Products.
