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Binance, as part of its efforts to offer more investment options to its users, announced the addition of Astar (ASTR) to its Simple Earn Locked Products. This innovative offer allows users to earn annual percentage rate (APR) rewards from their ASTR holdings, presenting an attractive opportunity for investors. The promotional period will be valid from July 11, 2024, to October 11, 2024, during which users can earn rewards with APR rates of up to 19.9%.
Participation Process and Conditions
ASTR Locked Products require users to adhere to specific minimum and maximum subscription limits. The subscription process will operate on a first-come, first-served basis. Accordingly, the exact APR rates users will receive depend on the subscription duration and the amount of ASTR committed. In this service offering three different subscription durations, users can earn interest rates of 7.9% for 30 days, 10.9% for 60 days, and 19.9% for 120 days.
Reward calculation will begin at 00:00 UTC the day after the subscription is completed and continue until the end of the subscription period. Rewards will be distributed daily, allowing users to see their earnings accumulate steadily over time. This structured system will ensure transparency and reliability in the distribution of rewards to participants.
The participation process is quite simple; users need to go to the (Earn) section on the Binance platform, search for ASTR, select their preferred subscription duration, and complete the subscription. Users who complete these steps will have the opportunity to earn up to 19.9% APR daily from their ASTR holdings.
Important Reminders and Additional Features
Binance announced that it reserves the right to adjust APR rates without prior notice after the promotional period ends. Therefore, users are advised to thoroughly review the Binance Simple Earn Terms and Conditions and fully understand the risks and benefits of these financial products. At the end of the subscription period, cryptocurrencies will be converted to Flexible Products.
Binance also emphasized that it offers an “Auto Subscription” feature that users can activate before completing their subscriptions. This feature renews existing Locked Products positions automatically at maturity, providing continuous earning potential without manual intervention. This function is quite useful for users who want to manage their investments regularly.
