Binance Adds POWR on Simple Earn 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 Powerledger (POWR) on Locked Products. Complete subscriptions to POWR Locked Products from 2024-02-15 12:00 (UTC) to get up to 12.9% in APR rewards.

Mechanism on POWR Locked Products

Subscription Format: First-come, first-served basis.
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: On a daily basis.

Offered Products (Locked Products)

Digital Asset	Duration	Standard APR	Min. Subscription Limit per User	Max. Subscription Limit per User
POWR	30 days	7.9%	1 POWR	200,000 POWR
	60 days	10.9%	1 POWR	150,000 POWR
	120 days	12.9%	1 POWR	100,000 POWR

How to Get Started with POWR Locked Products

Head to [Earn], and search for POWR.
Select Duration, and subscribe with POWR to start earning up to 12.9% APR daily!

Subscribe Now!

About Simple Earn:

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.

Please note:

Binance reserves the right to adjust APRs at any time without prior notice. 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 may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Users may enable the “Auto-Subscribe” function before completing subscriptions to 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.
Locked Products FAQ.
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.
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.