Yorg Healer
November 6, 2024 06:11
Binance is introducing new APR rewards offering 16.2% for FDUSD pegged products and 7% for EURI flexible products for a limited promotional period.
Leading cryptocurrency exchange Binance has announced an attractive opportunity for users to earn significant Annual Percentage Rate (APR) rewards through the Simple Earn program. According to Binance, participants can earn APRs of up to 16.2% for FDUSD fixed-rate fixed products and up to 7% APR for EURI flexible products. This promotion runs from November 6, 2024 to November 19, 2024, and is available on a first-come, first-served basis.
Promotion Details
During the promotion period, users can subscribe to these products and rewards will be distributed in two forms: For FDUSD locked products, the APR will remain constant throughout the subscription period and rewards will be distributed to the user’s Spot wallet daily. EURI Flexible products offer bonus tiered APRs along with real-time APRs, and rewards accrue daily.
How to Participate
To participate, users must purchase FDUSD or EURI through Binance’s spot market or other supported payment methods, such as credit cards or digital wallets. Once earned, users can subscribe to the FDUSD fixed product to secure a 16.2% APR or select the EURI flexible product to enjoy a 7% bonus tiered APR. The subscription and redemption process is designed to provide flexibility, allowing users to easily manage their investments.
Understanding Compensation
Rewards for these products are sourced from Binance funds and are not affiliated with the issuers of FDUSD or EURI. APR may change based on market conditions, but changes only affect new subscriptions. Users should be aware that early redemption of locked prizes will result in loss of accumulated 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 of Use and Risk Warnings to fully understand the implications and risks associated with the Simple Earn product. The Platform also reserves the right to modify the terms of the promotion or disqualify any participant who does not comply with the rules.
For more information, please refer to Binance’s official announcement.
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