EnglishThis is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn is pleased to announce the launch of Range Bound, which allows users to potentially earn higher rewards in times of low market volatility.
What Is Range Bound?
Range Bound is a product which allows users to earn rewards when the Reference Price of their chosen digital asset stays within the selected Price Range during the entire Subscription Period. Users are able to select the Price Range and Settlement Date that most suit their needs from the wide variety of options available.
Users may decide the portion of their Subscription Amount to be forfeited (i.e., the Subscription Amount at Risk) if the Reference Price ever touches or exceeds the Upper/Lower Range of the selected Price Range during Subscription Period, to potentially receive high APR in token rewards. The higher the Subscription Amount at Risk, the higher the Potential APR goes.
If the Reference Price stays within the Price Range, the user will not forfeit the Subscription Amount at Risk and be entitled to the corresponding APR. If the Reference Price touches or exceeds the Upper/Lower Range of the selected Price Range, users will have their Subscription Amount at Risk forfeited without receiving APR.
Examples:
- Scenario 1: If the Reference Price of the user’s chosen digital asset stays within the selected Price Range during the entire Subscription Period, users will receive rewards based on the Potential APR displayed during subscription at the Settlement Date, in addition to the digital assets deposited during the subscription.
- Scenario 2: If the Reference Price of the chosen digital asset is equal to or exceeds the Upper/Lower Price Range of the selected Price Range at any point during the Subscription Period, users may receive an amount less than what they initially deposited. This potential loss is the Subscription Amount at Risk (the portion of the Subscription Amount to be forfeited if the Reference Price is ever equal to or exceeds the Upper/Lower Range of the selected Price Range) that user selected when they subscribed to Range Bound; users will not be entitled to any rewards.
How to Get Started with Range Bound:
- Step 1: Login to the Binance App and click [More].
- Step 2: Navigate to the [Earn] section and select [Range Bound].
- Step 3: Choose your preferred digital asset, Price Range and Settlement Date. Click [Subscribe].
- Step 4: Enter the Subscription Amount and select the Potential APR.
- Step 5: Agree with the service agreement and click [Confirm].
Note:
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Guides and Related Materials:
Thanks for your support!
Binance Team
2023-03-08
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR 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. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR 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. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.