Rebecca Moen
November 21, 2024 06:26
According to Binance, Binance has added WOO (WOO) to Simple Earn Locked Products, allowing users to subscribe and earn rewards starting November 21, 2024.
Binance, a leading cryptocurrency exchange, has expanded its Simple Earn Locked product by adding WOO (WOO) to the product, according to Binance. Starting at 10:00 UTC on November 21, 2024, users will be able to subscribe to WOO locked products to receive potential rewards.
WOO locked product details
Subscriptions to WOO Locked Products operate on a first-come, first-serve basis and are subject to certain minimum and maximum subscription limits. The length of your subscription determines the Annual Percentage Rate (APR) rewards you can earn. The rewards calculation period begins at 00:00 (UTC) the day after your subscription is completed, and rewards are paid out daily.
Subscription process
To monetize WOO locked products, users must first acquire WOO tokens through the Binance spot market or through a cryptocurrency purchase page that supports multiple payment methods, including Visa, Mastercard, Apple Pay, and Google Pay. After earning WOO tokens, users can go to the Monetization section of Binance, search for WOO, select the desired period and subscribe to earn up to 3.5% APR daily.
Additional Information and Considerations
Subscribers can manage their locked products through Binance’s wallet section. The unlock period for this product is 1 day. In case of early redemption, assets are typically returned to the user’s spot account within 72 hours, but delays may occur in exceptional circumstances such as extreme market volatility or high redemption volumes.
Binance advises users to refer to the English version of the announcement for the most accurate information. The Platform also reserves the right to modify or cancel any announcement without prior notice.
It is important to note that investing in digital assets involves risk and the value of the assets may fluctuate. Binance does not guarantee specific rewards or returns over time, and users are responsible for their investment decisions.
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