James Ding
26 Jul 2024 08:57
Binance has launched a promotion for the FDUSD Easy Profit product, offering eligible users up to 11.5% APR rewards during the promotion period.
Leading cryptocurrency exchange Binance has launched a new promotion for 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 the 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). Users who sign up for FDUSD Simple Earn Flexible Products on a first-come, first-served basis during this period will be eligible to receive the enhanced APR rewards.
Subscriptions and Rewards
Subscribers will start accruing bonus tier APR rewards from 00:00 UTC the day after they subscribe. These rewards will be distributed to users’ spot wallets between 00:00 UTC and 08:00 UTC each day. All users holding open positions in the FDUSD flexible product will receive both real-time APR and bonus tier APR rewards during the promotion period.
Once the promotion ends, only the real-time APR rewards will continue. Bonus tier APR rewards are calculated based on the subscription amount and are subject to certain tier limits. Users can view their flexible product assets in the ‘Earn’ section of their Binance wallet.
Terms of Use
Binance has put out several terms and conditions for this promotion.
- Bonus tiered APR rewards begin accruing the day after you subscribe.
- Rewards are distributed daily to users’ Spot wallets.
- Real-time APR and bonus tier APR rewards are funded by Binance’s own funds and are not affiliated with the FDUSD issuer.
- Flexible Products subscriptions are available immediately, but are subject to daily usage limits and are subject to change.
- Binance reserves the right to disqualify any participant who manipulates the system or engages in fraudulent activity.
- Binance may cancel or change the promotion at its sole discretion.
Additional information
Users are advised to refer to the Binance Simple Earn Terms and Conditions before participating. There may be differences between the translated version of the announcement and the original version, and users should refer to the original English version for the most accurate information.
Binance’s announcement also includes a general disclaimer about the volatility of digital asset prices and the risks associated with investing in cryptocurrencies. Users should make informed decisions and understand that APRs are estimates and may vary.
For more details, please check the official announcement on binance.com.
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