Binance Simple Earn Launches REI Locked Products | Binance Support

Binance 2023-07-20 21:20:00

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 REI Locked Products. Complete subscriptions to REI Locked Products from 2023-07-21 12:00 (UTC) to start earning daily rewards.
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
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: Rewards will be distributed on a daily basis.
Offered Products (Locked Products)
 
           Digital Asset
 
           Duration
 
           Standard APR
 
           Min. Locked Products Subscription Limit per User
 
           Max. Locked Products Subscription Limit per User
 
           REI
 
           30 Days
 
           3.9%
 
           0.1 REI
 
           100,000 REI
 
           60 Days
 
           4.5%
 
           0.1 REI
 
           20,000 REI
 
           120 Days
 
           6.9%
 
           0.1 REI
 
           20,000 REI
 
Notes:﻿
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 can view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Users can enable the “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew your 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 can choose to 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.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-07-21

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.