Binance Introduces FIL and ETH Simple Earn Products with Up to 799 USDC Rewards
Binance
has
announced
new
promotions
for
its
FIL
(Filecoin)
and
ETH
(Ethereum)
Simple
Earn
Products.
The
initiative
aims
to
reward
users
with
up
to
799
USDC
in
token
vouchers
and
offers
special
annual
percentage
rates
(APR)
during
the
promotion
period.
Promotion
Details
According
to
Binance,
the
promotion
period
will
run
from
September
19,
2024,
to
October
31,
2024.
Users
who
subscribe
to
FIL
Simple
Earn
Flexible
Products
and
ETH
Simple
Earn
Fixed
Rate
Locked
Products
will
be
eligible
for
the
rewards.
The
subscription
format
is
on
a
first-come,
first-served
basis.
Rewards
will
be
distributed
based
on
the
following
criteria:
-
Bonus
Tiered
APR:
Distributed
daily
to
users’
Spot
Wallets. -
Real-Time
APR:
Accrued
and
accumulated
in
users’
Earn
Wallets
every
minute. -
Fixed
APR:
Remains
constant
throughout
the
locked
term
and
is
distributed
daily
to
users’
Spot
Wallets.
The
first
reward
will
be
given
two
days
after
subscription.
Eligibility
and
Ranking
During
the
promotion
period,
users
will
be
ranked
by
their
net
eligible
subscription
amount,
which
is
calculated
as
the
total
assets
subscribed
minus
the
total
assets
redeemed.
The
top
15
users
will
share
the
rewards.
If
two
or
more
users
have
the
same
net
eligible
subscription
amount,
they
will
be
ranked
based
on
their
subscription
timing.
Users
who
redeem
existing
Simple
Earn
positions
only
to
recreate
the
same
positions
during
the
promotion
period
will
have
a
net
subscription
amount
equivalent
to
zero.
How
to
Get
Started
-
Buy
ETH
or
FIL
on
the
Spot
Market
or
via
the
Buy
Crypto
pages
on
Binance,
which
supports
various
payment
methods
including
Visa,
Mastercard,
Apple
Pay,
and
Google
Pay.
Alternatively,
users
can
deposit
FIL
or
ETH
to
their
Binance
account. -
Navigate
to
the
Simple
Earn
section
on
Binance
and
search
for
FIL
or
ETH. -
Select
the
desired
product
(Flexible,
60-Day,
or
90-Day)
and
subscribe
to
start
earning
rewards.
Terms
&
Conditions
Binance
reserves
the
right
to
amend
or
cancel
the
promotion
at
any
time
without
prior
notice.
Users
are
advised
to
read
the
Binance
Simple
Earn
Terms
&
Conditions
and
Risk
Warning
for
more
details.
Rewards
for
Promotion
B
will
be
distributed
as
USDC
token
vouchers
within
three
weeks
after
the
promotion
ends.
Users
can
redeem
their
vouchers
via
the
Binance
Rewards
Hub,
and
all
vouchers
will
expire
30
days
after
distribution.
For
more
information,
please
visit
the
official
Binance
announcement.
Image
source:
Shutterstock
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