Binance TR Earn Terms & Conditions

1. Earn

1.1 By participating in Earn with Binance TR, you acknowledge that you have read, understood, and accepted all of the terms and conditions in these Earn Terms, and you acknowledge and agree that you will be bound by and will comply with these Earn Terms. If you do not understand and accept these Earn Terms in their entirety, you should not participate.

1.2 By Subscribing to a Earn Offer you can, in exchange for providing Binance TR with your Earn Assets, earn Earn Rewards.

2. How to participate in Earn

2.1 When you provide Digital Assets to Binance TR for the purposes of Earn, you will be prompted to agree with some or all of the following terms on the Platform:

  • 2.1.1 the Earn Rewards Rate;
  • 2.1.2 the number of Earn Assets you will use to Subscribe;
  • 2.1.3 the Digital Currency that you will use to Subscribe;
  • 2.1.4 whether the Earn Offer is Flexible Earn or Locked Earn; and
  • 2.1.5 if you subscribe to Locked Earn, the Locked Earn Term, and the Locked Distribution Frequency.

2.2 Binance TR may specify a minimum amount of Earn Assets that are required to Subscribe to a Earn Offer, and/or any Subscription Limits that apply.

2.3 You will not be able to Subscribe to Locked Earn between 02:50 UTC+3 and 03:10 UTC+3 each day.

3. Flexible Earn

3.1 For Flexible Earn:

3.1.1 Earn Rewards consist of Real-Time Rewards and Bonus Tiered Rewards, where:

3.1.1.1 Real-Time Rewards are Earn Rewards that:

  • 3.1.1.1.1 start accruing at the Real-Time Rewards Rate from the minute you Subscribe;
  • 3.1.1.1.2 will be distributed to your Binance TR Wallet the minute after it is accrued;
  • 3.1.1.1.3 are applied each minute to the Earn Assets in your Binance TR Wallet;
  • 3.1.1.1.4 are provided in the same Digital Currency as your Earn Assets, unless otherwise stated; and
  • 3.1.1.1.5 are rounded down to a number of decimal places, which may differ depending on the Digital Currency.

3.1.1.2 Bonus Tiered Rewards are Earn Rewards that:

  • 3.1.1.2.1 Binance TR may offer from time to time;
  • 3.1.1.2.2 start accruing at the Bonus Tiered Rewards Rate from the day after you Subscribe. Bonus Tiered Rewards will accrue from day to day and will be calculated on the basis of the number of days elapsed in a 365-day year. You do not earn any Bonus Tiered Rewards for the first day that you Subscribe;
  • 3.1.1.2.3 will be distributed to your Binance TR Account the day after it is accrued, between 03:00 UTC+3 to 11:00 UTC+3. This means that Bonus Tiered Rewards will not be distributed to your Binance TR Account until the third day after you Subscribe; and
  • 3.1.1.2.4 are applied each day to Earn Assets held to the credit of your Binance TR Wallet at 03:00 UTC+3, and not to Bonus Tiered Rewards;
  • 3.1.1.2.5 will be calculated with reference to the Bonus Tiered Reward Rate on the day the Bonus Tiered Rewards accrue;
  • 3.1.1.2.6 are provided in the same Digital Currency as your Earn Assets, unless otherwise stated; and
  • 3.1.1.2.7 are rounded down to a number of decimal places, which may differ depending on the Digital Currency.

3.1.2 The Real-Time Rewards Rate:

  • 3.1.2.1 may vary from minute to minute; and
  • 3.1.2.2 if it is changed, will apply from the next whole minute, and all subsequent minutes until it is updated.

3.1.3 the Bonus Tiered Rewards Rate:

  • 3.1.3.1 may vary from time to time;
  • 3.1.3.2 may only apply if you meet or comply with any applicable Bonus Criteria or Bonus Terms; and
  • 3.1.3.3 if it is changed, the new Bonus Tiered Rewards Rate will apply from the time and date specified by Binance TR. If no time is specified, it will be 03:00 UTC+3 on the day that Binance TR announces the change will take effect on the Platform.

3.1.4 Redemption:

  • 3.1.4.1 can be requested at any time;
  • 3.1.4.2 Bonus Tiered Rewards will not be accrued or distributed to your Binance TR Account for the day that you elect to Redeem. If you elect to Redeem only part of your Earn Assets, you will not earn Earn Rewards for the Earn Assets you elected to Redeem;
  • 3.1.4.3 your Earn Assets will be returned to your Binance TR Account immediately; and
  • 3.1.4.4 you will continue to accrue Real-Time Rewards until your Earn Assets are returned to your Binance TR Account;
  • 3.1.4.5 in some circumstances, including but not limited to events of extreme market volatility, network delays, a significant number of simultaneous instructions to Redeem from other Binance TR users, or there are any other unanticipated events that mean that your Redemption may be delayed;
  • 3.1.4.6 Binance TR may specify a maximum number of Earn Assets available for Redemption each day.

Flexible Earn: Example

You Subscribe to a Earn Offer for ABC Digital Assets. The Bonus Tiered Rewards Rate is 10%. The Bonus Terms are that the Bonus Tiered Rewards are applied only to a maximum of  5,000 ABC that you used to Subscribe. You Subscribe using 10,000 ABC Digital Assets to Flexible Earn.

You Subscribe on a Monday at 15:00 UTC+3.

Real-Time Rewards

Real-Time Rewards begin to accrue immediately upon subscription to the Earn Offer for ABC Digital Assets, and are accumulated in your Wallet the next minute.

Assuming a Real-Time Rewards Rate of 2% during the first minute. The following amount is distributed to your Binance TR Wallet at Monday 15:01 UTC+3 as follows:

10,000 x (2% x 1 / 365 / 24 / 60) = 0.00038051 ABC

Bonus Tiered Rewards

You do not earn Bonus Tiered Rewards for the first day (Monday). Bonus Tiered Rewards begin to accrue on Tuesday, and are distributed to your Binance TR Account on Wednesday. In this example, you will earn Bonus Tiered Rewards based on a maximum of 5,000 ABC according to the Bonus Terms.

The amount distributed to your Binance TR Account on Wednesday is as follows:

5,000 x 10% x 1 day / 365 = 1.36986301 ABC

Redemption

You Redeem on Wednesday 15:00 UTC+3. From Monday at 15:00 UTC+3 (the time you Subscribed) until you Redeemed, both the Real-Time Rewards Rate (2%) and the Bonus Tiered Rewards Rates (10%) remain unchanged.

You have accrued 2,880 minutes of Real-Time Rewards and 1 day of Bonus Tiered Rewards.

The amount you would have received in total to your Binance TR Account is calculated as follows:

  • = (10,000 x (1 + (2% x 1 / 365 / 24 / 60))^2,880 + (5,000 x 10% x 1day / 365)
  • = 10001.09595044 + 1.36986301 = 10002.46581345 ABC
  • In total you earned 2.46581345 ABC.

3.2 This example is intended to illustrate how Earn Rewards is calculated. It is not intended to give any representation of the performance of particular Digital Assets nor the volatility of particular Digital Assets or the Digital Asset markets in general. The Digital Assets used in this example are completely fictional.

4. Flexible Auto-Subscribe

4.1 You may instruct Binance TR to automatically transfer one or more Eligible Earn Currencies from your Binance TR Account to Earn. (Flexible Auto-Subscribe).

4.2 If you elect to Flexible Auto-Subscribe, Binance TR will transfer all Digital Assets in your Binance TR Account, denominated in the Eligible Earn Currency, to Earn at 05:00 UTC+3, and 19:00 UTC+3 each day.

4.3 These Digital Assets will be used to Subscribe to Earn Offers made available to you by Binance TR, and will form part of your Earn Assets. Earn Rewards will be calculated and distributed to your Binance TR Account in accordance with these Earn Terms.

4.4 Binance TR reserves the right not to act on your instructions to Flexible Auto-Subscribe. It may refuse to act on these instructions for any reason, including but not limited to, that the Subscription Limit for a Earn Offer has been reached.

Auto-Subscribe: Example

You turn on Auto-Subscribe at 00:00 UTC+3 on Wednesday for BCD. BCD is an Eligible Digital Currency. You hold 10,000 BCD. 

Digital Assets are transferred from your Binance TR Account to Earn at 05:00 UTC+3 and 19:00 UTC+3 each day. As you elected to Flexible Auto-Subscribe at 00:00 UTC+3, BCD Digital Assets in your Binance TR Account will not be automatically transferred until 05:00 UTC+3 on Thursday.

4.5 This example is intended to illustrate how Flexible Auto-Subscribe works. It is not intended to give any representation of the performance of particular Digital Assets nor the volatility of particular Digital Assets or the Digital Asset markets in general. The Digital Assets used in this example are completely fictional.

5. Locked Earn

5.1 For Locked Earn:

5.1.1 Earn Rewards:

  • 5.1.1.1 start accruing at the Earn Rewards Rate from the day after you Subscribe. Earn Rewards will accrue from day to day and will be calculated on the basis of the number of days elapsed and a 365-day year. You do not earn any Earn Rewards for the first day you Subscribe;
  • 5.1.1.2 are provided in the same digital currency as your Earn Assets, unless otherwise stated;
  • 5.1.1.3 will be calculated by reference to the Earn Rewards Rate on the day the Earn Rewards accrues;
  • 5.1.1.4 will be distributed to your Binance TR Account, at the agreed Locked Distribution Frequency;
  • 5.1.1.5 are rounded down to decimal places which may differ depending on the Digital Currency.

5.1.2 the Earn Rewards Rate:

  • 5.1.2.1 may vary from time to time; and
  • 5.1.2.2 if it is changed, it will apply from the time and date specified by Binance TR. If no time is specified, it will be 03:00 UTC+3 on the day that Binance TR announces the change will take effect on the Platform.

5.1.3 Redemption:

  • 5.1.3.1 Binance TR will return Earn Assets to you within 72 hours from the end of the Locked Earn Term;
  • 5.1.3.2 Binance TR may, in its sole discretion, permit you to Early Redeem. Your right to Early Redeem may be withdrawn at any time.

  • 5.1.3.3 if you Early Redeem your Earn Assets before the Settlement Date, you:

    • 5.1.3.3.1 are not entitled to any Earn Rewards; and
    • 5.1.3.3.2 authorize Binance TR to deduct any Earn Rewards arising from your Subscription that has been distributed to your Binance TR Account from the Earn Assets you used to Subscribe.

  • 5.1.3.4 Binance TR may, at its sole discretion, Subscribe to a Earn Offer with 5% of the Earn Rewards that would have been earned had you not Early Redeemed, on your behalf, on the following terms:

    • 5.1.3.4.1 the Locked Earn Term is ninety (90) days;
    • 5.1.3.4.2 Earn Assets cannot be Early Redeemed; and
    • 5.1.3.4.3 Earn Rewards will be in the same digital currency that would have been earned had you not Early Redeemed.
  • 5.1.3.5 Should you Early Redeem, it may take up to 72 hours before Earn Assets will be returned to your Binance TR Account;
  • 5.1.3.6 in some circumstances, including but not limited to events of extreme market volatility, network delays, a significant number of simultaneous instructions to Redeem from other Binance TR users, or there are any other unanticipated events that or mean that your Redemption may be delayed;
  • 5.1.3.7 Binance TR may specify a maximum number of Earn Assets available for Redemption each day.

6. Locked Earn Auto-Subscribe

  • 6.1 When you Subscribe to Locked Earn, Binance TR may permit you to automatically Subscribe to a new Locked Earn Offer at the Settlement Date, using the Earn Assets from the preceding Locked Earn Offer (Locked Auto-Subscribe). Earn Rewards generated from the previous Earn Offer will not be used when you Locked Auto-Subscribe.
  • 6.2 The new Locked Earn Offer will have the same Locked Earn Term as the preceding Earn Offer. The Earn Rewards Rate may change.
  • 6.3 Earn Rewards begins to accrue from the day that you Locked Auto-Subscribe.
  • 6.4 You can amend your Locked Auto-Subscribe instructions at any time up until 02:59 UTC+3 the day before the Settlement Date of the preceding Earn Offer.
  • 6.5 Binance TR reserves the right not to act on your instructions to Locked Auto-Subscribe. It may refuse to act on these Instructions for any reason, including but not limited to, that the Subscription Limit for a Earn Offer has been reached.

7. Changes to Earn Rewards Rate

7.1 Binance TR does not guarantee that you will continue to receive the Earn Rewards at the Earn Rewards Rate shown at the time you Subscribe during your Locked Earn Term. Any representation concerning possible return at the time you Subscribe (i) is an estimate only and not guaranteed, and (ii) is based on the Earn Rewards Rate, which may change.

7.2 Changes to the Earn Rewards Rate will be published on the Binance TR Website from time to time. YOU MUST REFER TO THE BINANCE TR WEBSITE REGULARLY. BINANCE TR WILL NOT LIABLE FOR ANY LOSSES ARISING, OR CONNECTED WITH, CHANGES TO THE STAKING REWARDS RATE, WHETHER OR NOT YOU WERE AWARE OF THOSE CHANGES.

8. Placing a stop or suspension on, or canceling, your Binance TR Account

8.1 Binance TR may stop, suspend or cancel your access to the Platform, impose limits to any Binance TR accounts, suspend or cancel your ability to participate in Earn, or delay certain transactions where:

  • 8.1.1 you do not provide additional information to verify your identity or source of funds as requested by Binance TR;
  • 8.1.2 Binance TR is required to do so by court order, to comply with any Applicable Laws (including anti-money laundering or sanctions laws);
  • 8.1.3 Binance TR is required to do so to comply with any direction or instruction from a government body or agency;
  • 8.1.4 Binance TR reasonably determines that any information you have provided to Binance TR is wrong, untruthful, outdated, or incomplete; or
  • 8.1.5 you do not provide additional information that we request to our reasonable satisfaction or in a timely manner.

9. Account information and transaction records

9.1 You will be able to view your account history on the Platform. You must review your account history carefully and let Binance TR know if you see any entries or transactions that you do not recognize or you think are incorrect as soon as possible, and within 14 days after the date that your account history is provided or made available to you.

9.2 We may rectify any error in your account history at any time, and reserve the right to void or reverse any transaction:

  • 9.2.1 involving or deriving from a manifest error (that is, any error, omission or misquote (whether an error of Binance TR or any third party) which is manifest or palpable, including a misquote by any representative of Binance TR taking into account the current market and currently advertised quotes, or any error of any information, source, official, official result or pronunciation); or
  • 9.2.2 to reflect what we reasonably consider to be the correct or fair details of the transaction.

9.3 We may be required under Applicable Law to share information about your accounts and use of the Platform with third parties. You acknowledge and agree that we are entitled to disclose such information.

10. Technology disclaimers

10.1 Binance TR may, from time to time, suspend access to your Binance TR Account and/or the Binance TR services, or the Platform for both scheduled and emergency maintenance. Binance TR will make reasonable efforts to ensure that transactions on the Platform are processed in a timely manner, but Binance TR makes no representations or warranties regarding the amount of time needed to complete processing, which is dependent upon many factors outside of our control.

10.2 Although Binance TR makes reasonable efforts to update the information on the Platform, we make no representations, warranties, or guarantees, whether express or implied, that the content on the Platform, including information in relation to the Binance TR services, is accurate, complete, or up-to-date.

10.3 You are responsible for obtaining the data network access necessary to use the Binance TR services. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use the Binance TR services, the Platform and any updates thereto. Binance TR does not guarantee that the Binance TR services, or any portion thereof, will function on any particular hardware or devices.  Binance TR services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.

11. General Terms

11.1 All terms and references used in these Earn Terms and which are defined and construed in the Binance TR Terms of Use , but are not defined or construed in these Terms, shall have the same meaning and construction in the Terms of Use.

11.2 The Earn Terms are to be read together with the Terms of Use. In the event of any conflict or inconsistency between the Earn Terms and the Terms of Use, the order of precedence in which the documents are to be read is first the Earn Terms, and then the Terms of Use.

11.3 Binance TR will contact you using the details you provide to Binance TR. This may include contacting you by email, SMS, or official live support. It is important that you ensure that your contact details are correct and up to date. If your contact details change, you must let us know immediately. If you do not, Binance TR will not be responsible if you do not receive information, notices, or other important information from Binance TR.

11.4 Binance TR may give notice by email to your email address. It is your responsibility to ensure that the email address is up-to-date and accurate. Notices may be given, and are deemed to be received, if sent to your email address, whether or not a notice of delivery failure is received.

11.5 You may give us notices only as Binance TR directs, which may change from time to time.

11.6 For more information on Binance TR, you may refer to the company and license information found on Binance TR websites. If you have questions regarding these Earn Terms, please contact Binance TR for clarification via the Customer Support team.

11.7 By using Binance TR Earn, you declare that you understand and agree to the following.

  • i. Investing in crypto assets involves high risk, and the value of your investment may go down or up, or you may not be able to get back the full amount invested. In any case, there are risks such as smart contract risk, blockchain risk, impermanent loss risk, liquidity risk, penalty risk, market risk in the use of this product, and this product cannot be interpreted as providing "absolute return" under any circumstances. Binance TR does not guarantee the amount of rewards under any circumstances and does not promise returns. You are solely responsible for your investments and any losses you may incur, and Binance TR or any government agency has no warranty commitment or obligation to cover any losses against your possible loss.
  • ii. Percentage yield (APR or APY) refers to the estimated reward you can earn in crypto assets over the selected time period, and does not refer to a fixed or variable yield in fiat currencies. This percentage rate is subject to monthly, weekly, or daily changes and can be changed unilaterally at Binance TR's sole discretion without notice.
  • iii. The services provided by Binance TR within the scope of this product may be terminated unilaterally at Binance TR's sole discretion without notice.

12. Definitions

Applicable Law means all relevant or applicable statutes, laws (including rules of common law), principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, bye-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations (whether of a governmental body, regulatory or other authority, or self-regulatory organization of which Binance TR is a member), that are applicable to the provision, receipt or use of the Binance TR services, or any other products or deliverables provided, used or received in connection with these terms.

Bonus Criteria means any criteria that Binance TR will require you to meet in order for you to be entitled to Bonus Tier Rewards.

Bonus Terms means any terms and conditions that will apply to Bonus Tiered Rewards, including but not limited to, Bonus Criteria, any limitations on the amount of Bonus Tiered Rewards that will be distributed to you, or the duration over which Bonus Tiered Rewards will accrue.

Bonus Tiered Rewards has the meaning given to it in clause 3.1.1.2.

Bonus Tiered Rewards Rate means the annual percentage rate at which Bonus Tiered Rewards are earned by you.

Early Redeem means ending your participation in a Earn Offer before the Settlement Date.

Eligible Earn Currencies means digital currencies selected by Binance TR, for which Binance TR may permit you to Auto-Subscribe.

Flexible Auto-Subscribe has the meaning given in clause 4.1.

Flexible Earn means a Earn Offer with the features described in clause 3.1.

Locked Auto-Subscribe has the meaning given to it in clause 6.1.

Locked Distribution Frequency means the time or frequency at which Earn Rewards will be distributed to your Binance TR Account.

Locked Earn means a Earn Offer with the features described in clause 5.1.

Locked Earn Term means the agreed period that Earn Assets must be provided to Binance TR, and not Redeemed, in order for you to be entitled to Earn Rewards.

Platform means the digital platform that we or any of the Binance TR Operators may make accessible to you via a website, mobile app, a Binance TR API, or by such other means as Binance TR Operators may prescribe from time to time for the use of Binance TR services.

Settlement Date means the last day of the Locked Earn Term.

Real-Time Rewards has the meaning given to it in clause 3.1.1.1.

Real-Time Rewards Rate means the annual percentage rate at which Real-Time Rewards are earned by you.

Redeem means ending your participation in a Earn Offer.

Earn Assets means the Digital Assets used by you to Subscribe.

Earn Rewards means the Digital Assets that are distributed to you as consideration for providing your Earn Assets to Binance TR.

Earn Rewards Rate means the annual percentage rate at which Earn Rewards is earned by you.

Earn Offer means an offer by Binance TR to pay you Earn Rewards in return for you providing Binance TR with Earn Assets, in accordance with these Earn Terms.

Earn Terms means these terms & conditions.

Binance TR Account means the Binance TR Account that you use for transactions.

Subscribe means subscribing to a Earn Offer.

Subscriptions Limits means the maximum amount of Earn Assets, or the quantity of any other matter that Binance TR may determine at its sole discretion from time to time, that may be used to limit your ability to Subscribe to a Earn Offer.