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This is a general announcement. Products and services referred to here may not be available in your region.
Binance P2P is announcing a promotion for new and existing Binance P2P users where they can enjoy 100% APY on Locked Staking and share a rewards pool worth 15,000 BUSD.
Activity Period: 2022-07-18 at 08:00 (UTC) to 2022-08-01 at 08:00 (UTC)
Promotion A: New Users to Share 5,000 BUSD & Earn 100% APY on BNB Locked Staking
The first 1,000 users who have never traded on Binance P2P prior to 2022-07-18 at 08:00 (UTC), confirm their registration, and make their first cryptocurrency purchase of at least $200 equivalent in a single transaction on Binance P2P during the activity period, will be eligible to each receive a 5 BUSD voucher.
In addition, 1,000 Binance P2P new users who meet the criteria above will be selected based on Award Selection Rules Based on Binance Chain Hash Value to earn 100% APY on BNB Locked Staking.
BNB Locked Staking
Duration | Annualized Interest Rate | Max. Locked Staking Limit Per User | Min. Locked Staking Limit Per User | |
BNB | 10 Days | 100% | 1 BNB | 0.001 BNB |
Please note:
- Interest Calculation Period: From 00:00 (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis.
- Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
- Binance Staking will return staked Digital Assets/Digital Currencies to users’ spot wallets at the end of the agreed staking period. The value of Digital Assets/Digital Currencies fluctuates and is subject to change.
- Locked Staking APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
- APY is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency.
- Unlock period for Locked Staking products: 1 day.
- About early redemption: Users can choose to redeem their assets in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to time zone differences, it takes 48-72 hours to receive the tokens.
Promotion B: Existing Users to Share a Prize Pool of 10,000 BUSD
Existing Binance P2P users who have never used Binance Earn products prior to 2022-07-18 at 08:00 (UTC), will be eligible to participate in this promotion after confirming their registration and completing the following tasks on Binance P2P and Locked Staking during the activity period. All eligible users will equally share a prize pool of 10,000 BUSD vouchers.
Tasks:
- Hit a minimum total trading volume of $1,000 equivalent on Binance P2P, and
- Hit a minimum total subscription volume of $30 equivalent on any cryptocurrency for any duration on Locked Staking.
For More Information:
- Introduction to P2P Trading
- How to Buy Cryptocurrency on Binance P2P (App/Web)
- How to Sell Cryptocurrency on Binance P2P (App/Web)
- How to Use Binance Locked Staking
Terms and Conditions:
- Users must click [register now] on the activity page to be qualified for any reward.
- The promotion only applies to verified Binance users.
- The Binance terms and conditions for prize promotion apply to this promotion.
- Binance will use the local currency to USD foreign exchange rate on 2022-08-01 at 08:00 (UTC) for the calculation of the $200 user purchase volume requirement in Promotion A, as well as the $1,000 user trading volume and $30 user subscription volume requirements in Promotion B.
- These promotions are available for all fiat currencies supported on the Binance P2P platform.
- Promotions A and B are not applicable to makers.
- Maker: When you place an ad that goes on the order book on p2p.binance.com, any subsequent trades coming from that order will be as a “maker”. These ads add liquidity to the order book, helping to "make the market", and are therefore termed the "maker" for any subsequent trades.
- Voucher rewards in Promotion A and B will be distributed within three weeks after the activity ends. You will be able to log in and redeem your voucher via Account > Reward Center.
- The validity period for the voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.
- 100% APY on BNB Locked Staking special offer in Promotion A will be available for the winners within three weeks after the activity ends. Please log in to your account on the Binance app and check your special offer on Locked Staking.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
- Binance reserves the right to cancel or amend any Activity or Activity Rules at its sole discretion.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. Not financial advice. For more information, see our Terms of Use and Risk Warning.