Joerg Hiller
Nov 06, 2024 06:11
Binance introduces new APR rewards, offering 16.2% for FDUSD locked products and 7% for EURI flexible products during a limited promotion period.
Binance, a leading cryptocurrency exchange, has announced an enticing opportunity for its users to earn substantial Annual Percentage Rate (APR) rewards through its Simple Earn program. According to Binance, participants can earn up to 16.2% APR with FDUSD Fixed Rate Locked Products and 7% with EURI Flexible Products. This promotion is set to run from November 6, 2024, to November 19, 2024, and is available on a first-come, first-served basis.
Details of the Promotion
During the promotion period, users can subscribe to these products, with the rewards distributed in two formats. For FDUSD Locked Products, the APR remains constant throughout the subscription term, with rewards distributed daily to users’ Spot Wallets. EURI Flexible Products offer a Bonus Tiered APR alongside Real-Time APR, with rewards accruing daily.
How to Participate
To participate, users need to purchase FDUSD or EURI via Binance’s Spot market or other supported payment methods, including credit cards and digital wallets. Once acquired, users can subscribe to the FDUSD Locked Products to secure a 16.2% APR or opt for EURI Flexible Products to enjoy a 7% Bonus Tiered APR. The subscription and redemption process is designed to offer flexibility, allowing users to manage their investments with ease.
Understanding the Rewards
The rewards from these products are sourced from Binance’s funds and are not affiliated with the issuers of FDUSD or EURI. The APR is subject to change based on market conditions, but any alterations will only affect new subscriptions. Users should be aware that early redemption of locked products will forfeit any accrued rewards, and assets are expected to be returned within 72 hours under normal conditions.
Additional Considerations
Binance advises participants to review the Simple Earn Terms & Conditions and Risk Warning to fully understand the implications and risks involved in the Simple Earn products. The platform also reserves the right to modify the promotion terms or disqualify participants who do not comply with the rules.
For more information, please visit the official announcement on Binance.
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