About “Simple Earn”. The Evolution of Binance and Staking Products.
Binance Savings and Binance Staking have merged
From 15:00 on September 22, 2022 (East 8th District time), Binance Savings and Binance Staking services will be merged and upgraded to ” Simple Earn “.
“Current Binance” products will be renamed ” Current Products “, “Regular Binance Treasure” and “Binance Staking” products will be renamed “Regular Products”.
Existing “Current Binance” users can view and manage the subscribed products through the following new paths: Wallet > Wealth Management Account > Earn Coins > Current Products.
Existing “Regular Binance Savings” users can view and manage the subscribed products through the following new paths: Wallet > Wealth Management Account > Earn Coins > Regular Binance Savings.
When the “Regular Binance Bao” product you subscribed for expires, the product will be automatically redeemed.
Depending on whether the user has enabled the “auto-renewal” function, the digital assets/digital currency will be automatically transferred to the spot account or current product.
Binance will remove the “Regular Binance Pool” option from the wallet page after the ” Regular Binance Pool” product expires and is redeemed.
Existing “Binance Staking” users can view and manage subscribed products through the following new paths: Wallet > Wealth Management Account > Earn Coins > Regular Products.
When the “Binance Staking” product you subscribe for expires, the digital assets/digital currency will be automatically redeemed and automatically transferred to the user’s spot account.
Please rest assured that the “Simple Earn” product guarantees the security of users’ digital assets and ensures that users’ existing Binance wealth management positions will not be affected.
The income calculation and distribution mechanism of “Simple Earn” current products and regular products is still the same as the original Binance treasure and Binance Staking services.
About “Simple Earn” of Binance
Users can earn daily income by subscribing for current products and regular products on the “Simple Earn” platform.
In addition, users can purchase and redeem digital assets/digital currency from current products at any time.
This function allows users to obtain daily income while using assets with maximum flexibility at any time.
Since users who participate in regular products need to lock up digital currency for a specific period of time , they enjoy higher returns.
Users can redeem digital assets/digital currency before expiration, and the earned interest will be deducted from the principal.
Due to different time zones around the world, it takes 48-72 hours to arrive.