According to the announcement from Binance, the platform is introducing a new promotion to celebrate the listing of MITO and SOMI tokens. Binance Simple Earn is offering exclusive 200% APR rewards for users who subscribe to MITO and SOMI Locked Products during the promotion period from 2025-09-05 00:00 (UTC) to 2025-09-18 23:59 (UTC). Eligible participants include new Binance users who complete identity verification and existing verified users who achieve a minimum spot trading volume of $50 equivalent during the promotion period.
The subscription process is based on a first-come, first-served basis, with specific terms and conditions applied. Rewards are distributed daily to users' Spot Accounts, starting two days after subscription. The APR rewards are calculated using the formula: (Subscription Amount * APR * Locked Period) / 365. Users must adhere to minimum and maximum subscription limits, which will affect the amount of APR rewards received. For MITO, the minimum subscription limit is 1 MITO, with a maximum of 2,000 MITO per user and 5 million MITO for all users. For SOMI, the minimum is 1 SOMI, with a maximum of 500 SOMI per user and 1 million SOMI for all users.
Users can purchase MITO or SOMI through various payment methods, including Visa, Mastercard, Apple Pay, Google Pay, and account balances. Alternatively, they can deposit these tokens into their Binance accounts. The promotion allows users to enjoy the 200% APR for seven days, even if the offer extends beyond the promotion period. Binance reserves the right to disqualify users for dishonest behavior and may amend the terms and conditions of the promotion at its discretion.
