Binance Simple Earn: Subscribe Your BNB or Other Tokens to Locked Products Now to Share 88,888 XAI in Airdrop Rewards

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Earn is pleased to launch a promotion for Simple Earn Locked Products. Complete subscriptions to Simple Earn Locked Products now to earn multiple rewards:

• A share of 88,888 XAI in airdrop rewards

• Rewards with Simple Earn Locked Products positions (e.g., up to 3.5% APR in BNB rewards and ongoing Launchpool rewards with BNB Locked Products positions)

Promotion: Subscribe to Simple Earn Locked Products to Share 88,888 XAI in Airdrop Rewards

Promotion Period: 2024-03-05 00:00 (UTC) to 2024-03-17 23:59 (UTC)

During the Promotion Period, users who fulfill the following requirements will be eligible to participate:

• Opt-in to the promotion

• Subscribe to BNB Locked Products with at least 0.5 BNB, or any other Simple Earn Locked Products with at least $50 equivalent 

All eligible users will then be ranked by their net Simple Earn Locked Products subscription amount (where net Simple Earn Locked Products subscription amount means the total Simple Earn Locked Products subscription amount less the amount of assets redeemed from Simple Earn Locked Products) during the Promotion Period. The top 500 users will qualify to share the following rewards, as per the table below. 

Please Note: 

• Users who redeem existing Locked Products positions created before the promotion only to recreate the same Locked Products positions during the Promotion Period, will have a net Simple Earn Locked Products subscription amount equivalent to zero.

• ETH Staking positions will not count toward the calculations of users’ net Simple Earn Locked Products subscription amounts.

Reward Structure:

About Simple Earn, BNB Locked Products & Launchpool Rewards:

• Simple Earn allows users to earn daily rewards by depositing their digital assets for flexible or locked terms. Users may subscribe to or redeem assets from Simple Earn almost at any time, thus retaining great flexibility and liquidity over their assets while earning daily rewards.

• Users may subscribe to BNB Locked Products using their BNB assets at any time to earn the following rewards:

  • Launchpool Rewards (where applicable)

  • BNB Rewards (Refer to the latest APR)

• Only users in qualified countries/regions will automatically receive Launchpool rewards for holding BNB Locked Products positions. 

• Users are not required to manually redeem their BNB assets from BNB Locked Products to participate in Launchpools. 

• Rewards calculation for Launchpools is the same, regardless of whether users subscribe to BNB Locked Products or stake their BNB directly in Launchpools. 

• When there are multiple Launchpool projects running concurrently, users’ BNB assets in Locked Products will automatically be equally allocated to each Launchpool project the user is eligible for. 

• Read more: Binance Extends Launchpool Rewards to Users with BNB Locked Products Positions.

Terms & Conditions:

• Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in this Promotion. 

• Binance reserves the right to adjust APRs at any time without prior notice. Please refer to Binance Simple Earn Terms of Use prior to using BNB Locked Products or any other products on the Binance Simple Earn platform.

• Users may also view the FAQs on Simple Earn Locked Products for more information.

• The rewards specified in the table above are limited to the top 500 eligible users only.

• Each sub-account will not be viewed as an independent account when participating in this Promotion. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.

• XAI token rewards will be airdropped to eligible users by 2024-04-17 23:59 (UTC), unless otherwise advised by Binance. Users may find their rewards via Profile > Assets > Spot Wallet. 

• Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.

• Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.

• Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.

• Users can view their assets on Simple Earn Locked Products and Flexible Products by going to Wallets > Earn.

• Users may enable the “Auto-Subscribe” function before completing subscriptions to Simple Earn Locked Products, which will automatically renew users’ existing Locked Products position into a new position of the same duration upon expiry.

• Unlock period for Locked Products: One day.

• About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.

• Additional promotion terms and conditions can be accessed here.

• There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-03-05