Ted Hisokawa
September 19, 2024 04:03
Binance has launched a promotion for FIL and ETH Simple Earn products, offering rewards of up to 799 USDC and special APR rates.
Binance has announced a new promotion for its Filecoin (FIL) and Ethereum (ETH) Simple Earn products. The initiative aims to reward users with token vouchers worth up to 799 USDC and provide special annual percentage rates (APR) during the promotion period.
Promotion Details
According to Binance, the promotion period is from September 19, 2024 to October 31, 2024. Users who subscribe to FIL Simple Earn Flexible Products and ETH Simple Earn Fixed Rate Locked Products are eligible for rewards.
The subscription format is first-come, first-served. Rewards are distributed based on the following criteria:
- Bonus Tier APR: Distributed daily to users’ Spot wallets.
- Real-time APR: Earn is credited to your Earn Wallet every minute.
- Fixed APR: It remains constant throughout the lock-in period and is distributed daily to the user’s Spot Wallet. The first reward is provided two days after subscription.
Qualifications and Ranks
During the promotion period, users will be ranked by their net eligible subscription amount, which is calculated as the total assets subscribed minus the total assets used. The top 15 users will share the rewards.
If two or more users have the same net eligible subscription amount, they will be ranked based on subscription timing. Users who only use their existing Simple Earn positions to regenerate the same position during the promotion period will have a net subscription amount of 0.
How to get started
- Buy ETH or FIL on the spot market, or through the Buy Crypto page on Binance, which supports a variety of payment methods including Visa, Mastercard, Apple Pay, and Google Pay. Alternatively, users can deposit FIL or ETH into their Binance account.
- Go to the Simple Earn section on Binance and search for FIL or ETH.
- Select the product you want (Flexible, 60 days, 90 days), subscribe, and start earning rewards.
Terms of Use
Binance reserves the right to amend or cancel the promotion at any time without prior notice. Users are advised to read Binance Simple Adult Terms of Use and Risk Warning for more details.
Rewards for Promotion B will be distributed as USDC token vouchers within 3 weeks after the end of the promotion. Users can redeem vouchers via Binance Rewards Hub, and all vouchers will expire 30 days after distribution.
For more details, please check the official Binance announcement.
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