Binance Simple Earn Launches BTC Locked Products

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

Fellow Binancians,

Binance Simple Earn is launching BTC Locked Products. Complete subscriptions to BTC Locked Products from 2023-08-03 12:00 (UTC) to start earning daily rewards.

Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Reward Calculation Period: From 00:00 (UTC) on the day after you subscribe to Locked Products, until the end of the subscription period.
Rewards Distribution: Rewards will be distributed on a daily basis.

Offered Products (Locked Products)

Digital Asset	Duration	Standard APR	Min. Locked Products Subscription Limit per User	Max. Locked Products Subscription Limit per User
BTC	30 Days	1.2%	0.001 BTC	5 BTC

Notes:

Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
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 Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Users can enable the “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew your existing Locked Products position into a new position of the same duration upon expiry.
Unlock period for Locked Products: One day.
Locked Products FAQ.
About early redemption for Simple Earn Locked Products: Users can choose to 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.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.