Binance Offers High APR on EOS Locked Products
Lawrence Jengar Dec 05, 2024 06:46
Binance introduces a new promotion for EOS (EOS) Locked Products, offering up to 29.9% APR. The promotion runs from December 5, 2024, to January 5, 2025.
Binance, a leading cryptocurrency exchange, has announced an attractive offering for its users interested in EOS (EOS) investments. According to Binance, participants can earn up to 29.9% APR by subscribing to EOS Locked Products during a limited promotional period.
Promotion Details
The promotion is set to run from December 5, 2024, at 10:00 UTC until January 5, 2025, at 09:59 UTC. During this period, users can benefit from enhanced APR rates, which will revert to standard on-chain rates once the promotion concludes.
Subscription Format and Reward Distribution
The subscription process operates on a first-come, first-served basis, with specific requirements regarding the minimum and maximum subscription amounts and duration. These factors influence the APR rewards that participants receive. Once subscribed, the reward calculation period begins at 00:00 UTC the day following the subscription and continues until the subscription period ends. Rewards are distributed daily.
Getting Started with EOS Locked Products
Interested users can start by purchasing EOS on Binance's Spot Market or through the Buy Crypto page, which supports various payment methods like Visa, Mastercard, Apple Pay, and Google Pay. Alternatively, users can deposit EOS directly into their Binance accounts.
To participate, users should navigate to the Earn section on Binance, search for EOS, select the desired duration, and subscribe to start earning up to 29.9% APR daily.
Additional Information
Participants can view their Locked Products subscriptions in the Wallets section under Earn > Simple Earn > Locked. The unlock period for these products is set at one day. Binance provides an option for early redemption, typically returning assets to the user's Spot Account within 72 hours of the redemption request, barring delays due to exceptional circumstances such as market volatility or network issues.
For more details, users are encouraged to review the risk warning and terms of use on Binance's official website. To access the original announcement, visit [Binance](https://www.binance.com/en/support/announcement/eos-locked-products-enjoy-up-to-29-9-apr-in-rewards-2dbd709bc44e4808973577be04c5e4df).
Image source: Shutterstock