According to the announcement from Binance, the platform has introduced a new initiative called the Binance VIP Convert Recurring Rebate Program, specifically designed for Binance VIP users. This program offers exclusive rewards to eligible users who subscribe to Convert Recurring for a specified tenure. The rewards increase with the length of the tenure, providing greater benefits for longer commitments.
To participate, users must meet certain criteria. Verified Binance VIP 1-9 users are eligible to join the program by opting in through a designated link. Each Convert Recurring plan must fulfill two conditions by the end of each calendar month: a minimum tenure of 30 days and a minimum monthly recurring investment of $10,000. Existing plans can qualify once users opt in, and plans exceeding 60 days will earn multiplier rebates. However, monthly recurring investments that do not meet the tenure requirement will not carry over to the next month.
The rebate program is structured into tiers based on the monthly recurring investment and tenure. For investments between $10,000 and $50,000 with at least 30 days tenure, users receive 3 basis points (BPS) of the recurring amount. For plans exceeding 60 days, the rebate increases to 3.6 BPS. Investments over $50,000 with a minimum 30-day tenure earn 4 BPS, and those over 60 days receive 6 BPS. Rebates are credited monthly in USDC tokens to users' spot accounts within three weeks after the month's end.
Binance emphasizes that plans must remain active for the full calendar month to qualify for rebates. The program runs from 2025-08-06 until further notice, with each plan evaluated separately. Binance reserves the right to disqualify participants who tamper with the program or engage in market manipulation. The platform also retains the discretion to amend terms without prior notice.
