Exciting Promotions for FIL and ETH Simple Earn Products 🎉
Binance has introduced enticing promotions designed for users interested in its FIL (Filecoin) and ETH (Ethereum) Simple Earn Products. This initiative presents an opportunity for users to earn rewards of up to 799 USDC in token vouchers while enjoying special annual percentage rates (APR) during the promotional timeframe.
Overview of the Promotions 🌟
The promotional campaign is set to take place from September 19, 2024, through October 31, 2024. Users partaking in FIL Simple Earn Flexible Products and ETH Simple Earn Fixed Rate Locked Products can qualify for various rewards throughout the promotion period.
Engagement in the promotion will follow a first-come, first-served format, and rewards distribution is based on specific criteria, outlined below:
- Bonus Tiered APR: Rewards are distributed daily to users’ Spot Wallets.
- Real-Time APR: Accumulated and accrued in users’ Earn Wallets every minute.
- Fixed APR: Maintains a consistent rate throughout the locked period with daily distributions to Spot Wallets. The initial reward will be issued two days post-subscription.
Who Can Participate and How Ranking Works 📈
During the promotional window, users will be ranked based on their net eligible subscription amount. This amount is determined as the total subscribed assets minus any redeemed assets. The top 15 users with the highest rankings will be able to share in the rewards offered.
In situations where multiple users share the same subscription amount, rankings will be determined by the timing of their subscriptions. Importantly, redeeming existing Simple Earn positions only to reenroll in the same offerings during the promotional phase will result in a calculated net subscription amount of zero.
Steps to Take Part and Earn Rewards 🚀
- Acquire ETH or FIL through the Spot Market or via the Buy Crypto section on Binance, which accommodates several payment options like Visa, Mastercard, Apple Pay, and Google Pay. Alternatively, it’s possible to deposit FIL or ETH into your Binance account.
- Head to the Simple Earn section of Binance and search for either FIL or ETH.
- Choose your preferred product (options include Flexible, 60-Day, or 90-Day) and subscribe to begin earning rewards.
Promotion Guidelines and Important Information 📝
Binance holds the right to modify or terminate the promotion at any given time without prior notice. It is advisable for users to review the Binance Simple Earn Terms & Conditions and Risk Warning to understand the specific details further.
Rewards under Promotion B will be allocated in the form of USDC token vouchers within three weeks after the promotion concludes. Users can redeem these vouchers via the Binance Rewards Hub, noting that all vouchers will lapse 30 days after their issuance.
Hot Take on the Promotions 🔥
This year, Binance continues to innovate and provide its users with rewarding opportunities through Simple Earn Products. By engaging in this promotion, you can potentially enhance your cryptocurrency holdings while enjoying attractive APRs on your investments. It is a great chance to explore earning strategies in the crypto landscape effectively.
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