Binance Introduces Gravity (G) to Simple Earn Locked Products with Up to 29.9% APR

Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of Gravity (G) to its Simple Earn Locked Products, promising users annual percentage rate (APR) rewards of up to 29.9% during the promotion period. This initiative is part of Binance's ongoing efforts to diversify its product offerings and provide lucrative opportunities for its users.

Promotion Period and Subscription Details

According to Binance, the promotion period for subscribing to Gravity (G) on Simple Earn Locked Products starts from August 27, 2024, at 10:00 (UTC) and ends on February 27, 2025, at 09:59 (UTC). Subscriptions will be accepted on a first-come, first-served basis, with specific minimum and maximum subscription limits, as well as duration requirements that will influence the APR rewards.

Mechanism and Rewards Distribution

The reward calculation period begins at 00:00 (UTC) the day after an eligible subscription is completed and continues until the end of the subscription period. Rewards will be distributed daily, providing users with a consistent return on their investments.

Getting Started with G Locked Products

To participate, users need to navigate to the Earn section on the Binance platform and search for Gravity (G). They can select their preferred duration and subscribe to start earning up to 29.9% APR daily. Users can view their Locked Products subscriptions through Wallets > Earn > Simple Earn > Locked.

Additional Information

Binance has outlined several important points for users to consider:

• The unlock period for Locked Products is one day.
• Early redemption is available, allowing users to redeem their assets before the end of the term. However, early redemption will result in the forfeiture of any accrued rewards, and any distributed rewards will be deducted from the refunded principal.
• Sponsored Rewards are contributions made by the respective protocol team to Binance for promotional activities.

Users are advised to refer to the original English announcement for the most accurate information, especially if discrepancies arise in translated versions.

For further details, users can visit the official Binance announcement.