Binance has announced a noteworthy addition to its Simple Earn Locked Products. As of January 9, 2024, users will have the opportunity to subscribe to POND on Simple Earn Locked Products to earn up to a whopping 19.9% in Annual Percentage Rate (APR) rewards.
The promotional period will extend from January 9th at 10:00 UTC to January 24th at 10:00 UTC. Users are encouraged to seize this opportunity early, as subscriptions will be accepted on a first-come, first-served basis.
The Reward Calculation period begins from 00:00 UTC on the day following subscription to Locked Products and lasts until the end of the subscription period. The rewards earned will be distributed on a daily basis, making this initiative an attractive method to accumulate wealth using digital assets.
A range of Locked Products are on offer:
1. 30-day POND Locked Product: An APR of 8.99% will be offered during the promotion period compared to the Standard APR of 6.9%. The minimum subscription limit per user will be 1 POND, while the maximum limit will be 2,500,000 POND.
2. 60-day POND Locked Product: Users can enjoy an APR of 12.9% during the promotional window as opposed to the Standard APR of 8.9%. Again, the minimum subscription limit per user is set at 1 POND, with a maximum limit of 1,500,000 POND.
3. 120-day POND Locked Product: For those opting for a longer deposit term, the APR will rise to a rewarding 19.9% during the promotion, with the Standard APR marked at 12.9%. The minimum and maximum subscription limits per user stand at 1 POND and 1,500,000 POND respectively.
By introducing POND on Simple Earn Locked Products, Binance continues to show its commitment to unlocking attractive earning opportunities for its users while expanding its product suite in line with market demand.
