Binance Unveils FDUSD Flexible Products Offering Up to 11.5% APR Rewards

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Extreme Investor Network
Updated: Nov 18, 2024 10:30

Binance’s Latest Promotion Offers Up to 11.5% APR Rewards on FDUSD Flexible Products

Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards

Binance, a trailblazing cryptocurrency exchange, has rolled out an enticing promotional campaign for its FDUSD Simple Earn Flexible Products. As per binance.com’s latest update, eligible users can seize a unique Bonus Tiered Annual Percentage Rate (APR) of 10.5%, elevating the total potential APR rewards to an impressive 11.5%.

Discover the Promotion Highlights

The promotion period is set to kick off from July 26, 2024 (00:00 UTC) and will extend until August 8, 2024 (23:59 UTC). During this span, early bird users subscribing to the FDUSD Simple Earn Flexible Products will relish the amplified APR rewards.

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Subscription Process and Reward System

Post-subscription, participants will initiate accruing Bonus Tiered APR rewards from the subsequent day at 00:00 UTC. These perks will be promptly disseminated daily between 00:00 UTC and 08:00 UTC to the user’s Spot Wallet. All users nurturing open positions in FDUSD Flexible Products stand to benefit from both Real-Time APR and Bonus Tiered APR rewards throughout the promotional phase.

Upon the promotion’s conclusion, solely Real-Time APR rewards will remain in effect. The computation of Bonus Tiered APR rewards is grounded on the subscribed sums and abides by specific tier constraints. Users can conveniently track their Flexible Products portfolio in their Binance wallets within the ‘Earn’ segment.

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Comprehend the Terms and Conditions

Binance has comprehensively outlined the terms and conditions governing the promotional offer:

  • Accrual of Bonus Tiered APR rewards initiates the day following subscription.
  • Day-to-day distribution of rewards to the user’s Spot Wallet.
  • Real-Time APR and Bonus Tiered APR rewards are solely underwritten by Binance’s resources and aren’t linked with the FDUSD issuer.
  • Instant redemption for Flexible Products subscriptions with daily redemption thresholds that are subject to alterations.
  • Binance retains the authority to disqualify individuals engaged in system tampering or fraudulent activities.
  • Binance reserves the prerogative to curtail or modify the promotion as per its discretion.

Additional Insights

Before actively engaging, users are encouraged to peruse the Binance Simple Earn Terms & Conditions. Discrepancies might exist between the translated and primary versions of the announcement, urging users to reference the original English rendition for precise details.

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Binance’s official communication underscores the volatility of digital asset valuations and the inherent risks associated with cryptocurrency investments. Users are advised to make well-informed decisions and acknowledge that APR functions as an estimate subject to fluctuations.

For a more in-depth understanding, visit the official announcement on binance.com.

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