Binance Introduces Gravity (G) to Simple Earn Locked Products with Up to 29.9% APR

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
the
addition
of
Gravity
(G)
to
its
Simple
Earn
Locked
Products,
promising
users
annual
percentage
rate
(APR)
rewards
of
up
to
29.9%
during
the
promotion
period.
This
initiative
is
part
of
Binance’s
ongoing
efforts
to
diversify
its
product
offerings
and
provide
lucrative
opportunities
for
its
users.

Promotion
Period
and
Subscription
Details

According
to

Binance,
the
promotion
period
for
subscribing
to
Gravity
(G)
on
Simple
Earn
Locked
Products
starts
from
August
27,
2024,
at
10:00
(UTC)
and
ends
on
February
27,
2025,
at
09:59
(UTC).
Subscriptions
will
be
accepted
on
a
first-come,
first-served
basis,
with
specific
minimum
and
maximum
subscription
limits,
as
well
as
duration
requirements
that
will
influence
the
APR
rewards.

Mechanism
and
Rewards
Distribution

The
reward
calculation
period
begins
at
00:00
(UTC)
the
day
after
an
eligible
subscription
is
completed
and
continues
until
the
end
of
the
subscription
period.
Rewards
will
be
distributed
daily,
providing
users
with
a
consistent
return
on
their
investments.

Getting
Started
with
G
Locked
Products

To
participate,
users
need
to
navigate
to
the
Earn
section
on
the
Binance
platform
and
search
for
Gravity
(G).
They
can
select
their
preferred
duration
and
subscribe
to
start
earning
up
to
29.9%
APR
daily.
Users
can
view
their
Locked
Products
subscriptions
through
Wallets
>
Earn
>
Simple
Earn
>
Locked.

Additional
Information

Binance
has
outlined
several
important
points
for
users
to
consider:

• The
  unlock
  period
  for
  Locked
  Products
  is
  one
  day.
• Early
  redemption
  is
  available,
  allowing
  users
  to
  redeem
  their
  assets
  before
  the
  end
  of
  the
  term.
  However,
  early
  redemption
  will
  result
  in
  the
  forfeiture
  of
  any
  accrued
  rewards,
  and
  any
  distributed
  rewards
  will
  be
  deducted
  from
  the
  refunded
  principal.
• Sponsored
  Rewards
  are
  contributions
  made
  by
  the
  respective
  protocol
  team
  to
  Binance
  for
  promotional
  activities.

Users
are
advised
to
refer
to
the
original
English
announcement
for
the
most
accurate
information,
especially
if
discrepancies
arise
in
translated
versions.

For
further
details,
users
can
visit
the

official
Binance
announcement.

Image
source:
Shutterstock