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

1. 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.
2. Navigate
   to
   the
   Simple
   Earn
   section
   on
   Binance
   and
   search
   for
   FIL
   or
   ETH.
3. 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