Binance has announced a limited-time promotion for USDC Simple Earn Flexible Products, giving users the opportunity to earn up to 7% APR rewards. According to Binance, the promotion will run from July 2, 2024 to July 15, 2024.
Promotion Details
Users who sign up for USDC Simple Earn Flexible Products during the promotional period will enjoy an exclusive bonus tier APR of 4% on top of the live APR of approximately 3%. This combination allows participants to potentially earn a total APR of 7%.
The subscription process operates on a first-come, first-served basis. Users must complete their subscription within the specified promotional period to receive the reward.
Reward distribution
Bonus Tier APR rewards will start accruing from 00:00 UTC the day after the subscription is completed. These rewards will be distributed to the user’s Spot Wallet between 00:00 UTC and 08:00 UTC the next day. Users who hold open positions on USDC flexible products during the promotion period will receive both real-time APR and bonus tier APR rewards.
Once the promotion ends, users will only receive real-time APR rewards. Bonus tier APR rewards are calculated based on the subscription amount and are applied according to the corresponding tier limit of each token.
Terms of Use
Participants are advised to refer to the Binance Simple Earn Terms of Use before using any product on the platform. Users can also view their Flexible Products assets by going to Wallets > Earn > Simple Earn > Flexible.
The redemption time for Flexible Products subscriptions is immediate. Binance reserves the right to disqualify any participant who is deemed to be engaging in fraudulent activities or who does not act in accordance with these Terms. Binance also reserves the right to cancel or amend the Promotion or its rules at its sole discretion.
Users who would like to know more can check the official announcement on the Binance website.
disclaimer
Binance has released a disclaimer that digital asset prices may fluctuate and the value of your investment may fluctuate. APR is an estimate of the rewards you will earn in cryptocurrency over the selected period and does not reflect actual or expected returns in fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Users are solely responsible for their investment decisions, and Binance is not responsible for any losses incurred.
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