Binance Simple Earn Offers New Users Up to 11.5% APR on USDC, USDT, and ETH

Binance has announced a new promotion for its Simple Earn program, specifically targeting new users. According to Binance, eligible participants can subscribe to USDC, USDT, or ETH Flexible Products and enjoy up to 11.5% in Bonus Tiered APR rewards.

Promotion Details

The promotion period runs from September 5, 2024, 00:00 (UTC) to September 19, 2024, 23:59 (UTC). New users who have never subscribed to Simple Earn Flexible Products before September 4, 2024, 23:59 (UTC) are eligible for the offer. Participants can only subscribe to one of these special offers on a first-come, first-served basis.

Reward Structure

Bonus Tiered APR rewards are provided in addition to the Real-Time APR. These bonus rewards start accruing the day after subscription, beginning at 00:00 (UTC). Rewards will be distributed daily between 00:00 (UTC) and 08:00 (UTC) to the user's Spot Wallet. The bonus rewards will be available for up to five days during the promotion period. Users can resubscribe, but the total reward duration remains capped at five days.

After the promotion ends, only Real-Time APR rewards will be available. Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token.

Terms and Conditions

Changes to the Simple Earn Rewards Rate will be published on the Binance platform from time to time. Users are advised to refer to the Binance Simple Earn Terms & Conditions and the Risk Warning for more information prior to using Simple Earn.

Users can view their Flexible Products assets by navigating to Wallets > Earn > Simple Earn > Flexible. The redemption time for Flexible Products subscriptions is instant.

Binance reserves the right to disqualify any participants who tamper with the program code or interfere with its operation using other software. Additionally, Binance may disqualify participants who act fraudulently or do not adhere to the applicable terms and conditions. The company also retains the right to cancel or amend the promotion at its discretion.

For more details, users can refer to the official announcement on Binance.