Binance Includes RAY to Simple Earn Locked Products, Offers Up to 5.9% APR

Binance has announced the addition of the RAY token to its Simple Earn Locked Products starting January 4, 2024, 12:00 (UTC). This initiative offers users up to 5.9% in Annual Percentage Rate (APR) rewards for the subscription.

These subscriptions operate on a first-come, first-served basis. The reward calculation period begins from 00:00 (UTC) on the day following the subscription to Locked Products until the end of the subscription timeframe. These rewards will be distributed daily.

Here is a brief overview of the offered Locked Products:

- For a 30-day duration with RAY, users will get a standard APR of 3.9%, with a minimum subscription limit of 0.1 RAY, and a maximum limit of 25,000 RAY.
- For a 60-day duration with RAY, the standard APR is set at 4.9%, with a minimum subscription limit of 0.1 RAY, and a maximum limit of 15,000 RAY.
- For the 120-day duration with RAY, the standard APR increases to 5.9%, with the same minimum subscription limit of 0.1 RAY, but a reduced maximum limit of 500 RAY.