Binance Launches USDT Locked Product
According to a recent announcement from Binance, the world’s leading cryptocurrency exchange has launched USDT on its Binance Simple Earn locked product. This new investment opportunity offers users a fixed Annual Percentage Rate (APR) of 8.23%.
Mechanism of USDT Locked Products
USDT-locked products operate on a first-come, first-served subscription basis and are limited to 14 days. The fixed APR remains the same for the entire fixed simple accrual period. Any changes to APR will only apply to new subscriptions and not to existing USDT-locked product subscriptions. The compensation calculation period starts at 00:00 (UTC) on the day after you subscribe to the locked product and continues until the end of the subscription period. Rewards are distributed to Spot Wallet every day.
Users can redeem locked assets early, but all rewards received will be forfeited. The entire balance of locked assets, excluding distributed rewards, will be returned to the user’s Spot Wallet within the next 48-72 hours.
How to subscribe to USDT locked products
To get started with the USDT locked product, users need to go to (Simple Earn) on Binance, search for USDT, select 14 days, and then subscribe to the USDT locked product to earn 8.23% APR.
Binance Simple Accumulation Information
Binance Simple Earn allows users to earn daily rewards by depositing digital assets with flexible or fixed terms. Users can subscribe or redeem assets on Simple Earn at almost any time, allowing them to receive daily rewards while providing great flexibility and liquidity for their assets.
Binance reserves the right to adjust the APR at any time without prior notice. Users are advised to refer to the Binance Simple Earn Terms and Conditions before using products on the Binance Simple Earn platform.
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