Binance Unveils New IOTX Locked Products Offering Up to 11.9% APR

Binance Simple Earn Introduces IoTeX (IOTX) Locked Products with Up to 11.9% APR

Binance Simple Earn has updated its Locked Products to include IoTeX (IOTX), offering users the opportunity to earn up to 11.9% annual percentage rate (APR) in rewards. This promotion runs from June 13, 2024, to July 13, 2024.

Promotion Period and Subscription Details

• Dates: June 13, 2024, at 10:00 UTC to July 13, 2024, at 09:59 UTC.
• First-Come, First-Served: Subscriptions must be completed within the specified period.
• Subscription Limits: There are minimum and maximum subscription limits and duration requirements that can influence the APR.
• Reward Calculation: Begins at 00:00 UTC the day after the subscription and continues daily until the end of the subscription period.
• Daily Rewards: Distributed on a daily basis.

How to Get Started

1. Navigate to Earn: Go to the Earn section on the Binance platform.
2. Search for IOTX: Find the IoTeX Locked Products.
3. Select Duration: Choose the desired subscription duration.
4. Subscribe: Start earning up to 11.9% APR.

Important Considerations

• APR Adjustments: Binance may adjust APR rates after the promotion without prior notice.
• Terms & Conditions: Users should review the Binance Simple Earn Terms & Conditions.
• Automatic Redemption: At the end of the subscription period, assets will be redeemed into Flexible Products.
• Value Fluctuations: The value of digital assets can change.
• Viewing Subscriptions: Navigate to Wallets > Earn > Simple Earn > Locked to view subscriptions.
• Auto-Subscribe: This function renews Locked Products positions automatically upon expiry.
• Unlock Period: One day, with an option for early redemption which takes 48-72 hours to return assets to the spot account without accrued rewards.

Additional Information

• Volatility Warning: Digital asset prices can be volatile, and investment values can decrease.
• Investment Responsibility: Users are responsible for their own investment decisions. Binance is not liable for any losses.
• APR Estimates: APR is an estimate and not a guarantee of actual or predicted returns.
• Partnership: The promotional APR is partly facilitated by a partnership with the token provider.

This new offering allows Binance users to earn competitive returns on their IOTX holdings, with clear instructions and important considerations to help them make informed decisions.