Binance Introduces Astar (ASTR) on Simple Earn Locked Products

Binance Introduces Astar (ASTR) on Simple Earn Locked Products

Binance, a leading cryptocurrency exchange, has announced the addition of Astar (ASTR) to its Simple Earn Locked Products. According to Binance, users can earn up to 19.9% APR rewards by subscribing to ASTR on Simple Earn Locked Products during the promotional period.

Promotion Details

The promotion period for ASTR subscriptions runs from July 11, 2024, at 10:00 UTC to October 11, 2024, at 09:59 UTC. The subscription operates on a first-come, first-served basis, with minimum subscription amounts, maximum limits, and duration requirements impacting the APR rewards.

Reward Distribution and Calculation

Rewards are calculated from 00:00 UTC on the day after an eligible subscription to Locked Products is completed, continuing until the end of the subscription period. The rewards are distributed daily.

How to Subscribe

  1. Navigate to the Earn section on the Binance app or website and search for ASTR.
  2. Select the desired duration and subscribe with ASTR to start earning up to 19.9% APR daily.

Important Notes

  • Binance reserves the right to adjust APRs at any time after the promotion period without prior notice. Users are advised to review the Binance Simple Earn Terms & Conditions before participating.
  • At the end of the subscription period, Simple Earn will redeem the digital assets to Flexible Products. The value of digital assets can fluctuate and is subject to change.
  • Users can view their Locked Products subscriptions in the Wallets section under Earn > Simple Earn > Locked.
  • The Auto-Subscribe function allows users to automatically renew their Locked Products position upon expiry.
  • The unlock period for Locked Products is one day.
  • Early redemption is available, but users will forfeit any accrued rewards, and it may take 48-72 hours to receive the assets back into their spot accounts.

Binance emphasizes that digital asset prices can be volatile, and investments carry risk. Users are solely responsible for their investment decisions, and Binance does not guarantee specific rewards or returns.

Image source: Shutterstock

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