James Ding
27 Aug 2024 05:48
Binance has added Gravity (G) to its Simple Earn Locked Products, offering users an APR of up to 29.9% during the promotional period.
Binance, one of the world’s leading cryptocurrency exchanges, has announced the addition of Gravity (G) to its Simple Earn Locked Products, promising users up to 29.9% APR rewards during the promotion period. This initiative is part of Binance’s ongoing efforts to diversify its products and provide users with profitable opportunities.
Promotion Period and Subscription Details
According to Binance, the Gravity (G) subscription promotion period on Simple Earn Locked Products will start from 10:00 UTC on August 27, 2024 and end at 09:59 UTC on February 27, 2025. Subscriptions will be accepted on a first-come, first-served basis and are subject to certain minimum and maximum subscription limits and duration requirements that affect APR rewards.
Mechanism and Reward Distribution
The reward calculation period starts at 00:00 (UTC) on the day after the eligible subscription is completed and continues until the subscription period ends. Rewards are distributed daily, providing users with consistent returns on their investment.
Getting Started with G Lock Products
To participate, users must go to the Earn section of the Binance platform and search for Gravity (G). They can choose their desired period and start earning up to 29.9% APR every day by subscribing. Users can view their Locked Products subscriptions via Wallets > Earn > Simple Earn > Locked.
Additional information
Binance has outlined some important things for users to consider.
- The unlock period for locked products is 1 day.
- Early redemption is possible, allowing users to redeem their assets before the end of the term. However, in case of early redemption, accumulated rewards will be forfeited and distributed rewards will be deducted from the refunded principal.
- Sponsorship rewards are contributions made by each protocol team to promote Binance’s activities.
Users are encouraged to refer to the original English notice for the most accurate information, especially if there are inconsistencies in the translated version.
For more details, users can check the official Binance announcement.
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