According to Binance's official announcement, the platform is set to introduce Babylon (BABY) on its Simple Earn Locked Products. This initiative allows users to earn up to 20.9% in annual percentage rate (APR) rewards during the specified promotion period.
Promotion Details
- Promotion Period: The subscription window for BABY on Simple Earn Locked Products is open from 2025-05-29 10:00 (UTC) to 2025-06-29 09:59 (UTC).
- Subscription Format: The subscriptions operate on a first-come, first-served basis. Users must adhere to minimum and maximum subscription limits, which will influence the APR rewards received.
- Reward Calculation: Rewards are calculated from 00:00 (UTC) the day after a subscription is completed and continue until the end of the subscription period.
- Rewards Distribution: Rewards are distributed daily.
Locked Products Details
- 30 Days: Offers a 10.9% APR with a minimum subscription of 1 BABY and a maximum of 10,000,000 BABY.
- 60 Days: Provides a 15.9% APR with the same minimum subscription and a maximum of 5,000,000 BABY.
- 120 Days: Yields a 20.9% APR with a minimum subscription of 1 BABY and a maximum of 20,000 BABY.
Getting Started
To participate, users can purchase BABY on the spot market or through the Buy Crypto page, which supports various payment methods including Visa, Mastercard, Apple Pay, Google Pay, and account balances. Alternatively, users can deposit BABY into their Binance account. Once BABY is acquired, users should navigate to the [Earn] section, search for BABY, select a duration, and subscribe to start earning daily APR rewards.
Additional Information
- Changes to the Simple Earn Rewards Rate will be updated on the platform periodically. Users are advised to review the Binance Simple Earn Terms & Conditions and Risk Warning before participating.
- Users can monitor their Locked Products subscriptions by accessing Assets > Earn > Simple Earn > Locked.
- The unlock period for Locked Products is one day. In cases of early redemption, assets are typically returned to users’ Spot Accounts within 72 hours, though delays may occur due to market volatility or other exceptional circumstances.
- Sponsored rewards are contributions from the respective protocol team to facilitate promotional activities.
For the most accurate information, users are encouraged to refer to the original English version of the announcement. The Binance team appreciates the community's support.
