Binance VIP will provide exclusive benefits for eligible Binance dual currency investment users starting from 16:00 on January 20, 2022 (East 8th District time). Benefits include: additional interest income, VIP upgrade coupons, handling fee cashback coupons.
Benefit 1: Additional Interest
All Binance VIP users whose monthly dual-currency investment subscription total meets the following requirements will receive additional interest income in the next month’s subscription.
| Average monthly subscription | Additional Interest APY |
|---|---|
| 1 million USDT | Up to 1% APY |
| 2 million USDT | Up to 2% APY |
| 3 million USDT | Up to 3% APY |
| 4 million USDT | Up to 4% APY |
| 5 million USDT or above | Up to 5% APY |
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Benefit 2: VIP upgrade coupons, handling fee cashback coupons
The top 15 dual-currency investment subscribers with the monthly average subscription amount are entitled to receive VIP upgrade coupons or handling fee cashback coupons according to their current VIP level. To qualify, users must have an average monthly dual-currency investment subscription of 1 million USDT or more.
Eligible VIP 0-3 users: One VIP +1 upgrade coupon valid for 30 days per person
Eligible VIP 4-9 users: each will receive a $1,000 handling fee cashback coupon valid for 30 days
The formula for calculating the monthly average subscription amount: subscription amount * subscription period in the current month / days in the current month.
Go to Binance’s Official Website
The subscription amount is based on the closing price on the subscription day and is calculated in USDT equivalent.
Voucher distribution: Please note that VIP upgrade vouchers and handling fee cashback vouchers will be distributed to the User Rewards Center in the first week of the next month. After logging in to the Binance account, users can click [ Card & Voucher Center ] in the drop-down menu of their personal account to claim rewards.
Additional Interest Details: The upper limit of additional interest will depend on the APY of the relevant dual currency investment product.
If the product APY is equal to or lower than 15%, the additional interest can be up to 1%.
If the product APY is between 15.01% – 25.00%, the additional interest can be up to 3%.
When the product APY is equal to or higher than 25.00%, the additional interest can be up to 5%.
| Product APY | Maximum Additional Interest APY |
|---|---|
| Equal to or less than 15.00% | 1% |
| Between 15.01% – 25.00% | 3% |
| Equal to or higher than 25.00% | 5% |
Payment of additional interest: Additional interest will be released within 14 days of the following month.
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Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
Comment by Hans
April 24, 2024
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