Binance, the flagship exchange, announced that it will introduce favorable incentives for Ripple USD holders ($RLUSD).
As part of our promotional campaign, we are offering 8.5% Annual Percentage Rate (APR) on Simple Earn Flexible Products.
The campaign will officially launch tomorrow and is aimed at gaining liquidity.
How the campaign works
According to Binance Earn’s official announcement, the promotion will run from February 27th (00:00:00 UTC) to March 12th (23:59:59 UTC).
Flexible products are offered on a first-come, first-served basis, so users are encouraged to subscribe early.
Participants can redeem $RLUSD The “flexible” nature of the product allows you to raise funds at any time while earning rewards.
The advertised 8.5% APR is actually a combination of two different compensation structures. The rewards generated from this 8% tier are distributed directly to users’ Spot accounts daily.
The remaining yield comes from the standard real-time APR. This revenue is accrued and accumulated directly into the user’s acquisition account on a minute-by-minute basis.
Binance users must complete the platform’s standard identity verification checks to participate.
Sub-accounts are not eligible for promotions. This means that only the master account is eligible for the benefit.
Users can subscribe from as low as 0.01 $RLUSD Maximum limit is 50,000 $RLUSD Each user has access to the highest level of benefits.
The global limit for this campaign is 6,000,000 $RLUSD The announcement emphasizes the caveat that it’s “first come, first served.”
Binance added support $RLUSD For spot trading on January 22nd.
