Binance Simple Earn Introduces IoTeX Locked Products with Up to 11.9% APR Rewards

Thursday, June 13, 2024 4:42 AM
254
Binance Simple Earn Introduces IoTeX Locked Products with Up to 11.9% APR Rewards cover

Binance Simple Earn has introduced a new update for IoTeX (IOTX) Locked Products, offering users the opportunity to earn up to 11.9% APR rewards. The promotion period for this offer is from June 13, 2024, to July 13, 2024. Users can subscribe to the IOTX Locked Products on a first-come, first-served basis, with minimum subscription amounts and maximum limits applying. The rewards will be distributed daily, and users can start earning by heading to the Earn section and selecting the desired duration for their subscription. It’s important to note that Binance reserves the right to adjust the APR at any time after the promotion period. Additionally, users can enable the ‘Auto-Subscribe’ function to automatically renew their existing Locked Products position into a new one of the same duration upon expiry. Early redemption is also available, but users will not be entitled to any rewards if they choose to redeem their assets in advance. The promotional APR is partly sponsored by Binance’s token partner, allowing for a competitive and/or boosted APR for users.

Related News

Harnessing Web3 Technology for Climate Action cover
a day ago
Harnessing Web3 Technology for Climate Action
In the ongoing battle against climate change, the importance of transparency and accountability in climate action initiatives cannot be overstated. These initiatives, which range from carbon credits to tree-planting campaigns, necessitate robust systems for monitoring and verifying progress. Web3 technology emerges as a transformative solution, utilizing its decentralized and immutable characteristics to provide a secure and transparent framework for tracking eco-friendly projects. By employing blockchain, smart contracts, and decentralized networks, Web3 enhances trust and efficiency in global climate action efforts. The carbon credit market has long been plagued by issues such as fraud and double-counting, undermining its effectiveness. Web3 offers a remedy by creating a decentralized, tamper-proof ledger for issuing, tracking, and verifying carbon credits. Tokenization ensures each credit is unique and cannot be manipulated, while smart contracts automate the verification process, issuing credits only after independent validation. This system reduces reliance on intermediaries, cutting costs and fostering trust. Decentralized carbon marketplaces exemplify this potential, allowing peer-to-peer trading of carbon credits with complete transaction transparency, thereby ensuring that credits are linked to genuine environmental projects. Moreover, Web3 technology can significantly improve the tracking and verification of tree-planting initiatives, which are crucial for carbon capture and biodiversity support. Traditional methods often suffer from inefficiencies and potential corruption. By utilizing blockchain, every stage of a tree's life cycle can be monitored, and smart contracts can ensure that funds are released only after independent validation of planting efforts. This decentralized approach not only enhances transparency but also empowers individuals and communities to actively participate in climate action. By tokenizing rewards and utilizing decentralized finance, eco-friendly projects can attract global support, paving the way for a more sustainable future that prioritizes accountability and collaboration.
Roam Spooky Halloween 2024 Event: Win Exciting Prizes! cover
2 days ago
Roam Spooky Halloween 2024 Event: Win Exciting Prizes!
The Roam Spooky Halloween 2024 Event is set to bring excitement to users from October 28 to November 11, 2024. During this period, participants can enjoy a chance to win surprise gifts valued at over 10,000 USDT. To join in on the festivities, users need to download the Roam app and utilize their Roam Points to redeem mystery gifts. These gifts can range from exclusive items to high-value rewards, making it an enticing opportunity for both new and long-time Roam users. Among the rewards available during the event are the Roam Rainier MAX60 WiFi Router Miners, designed to enhance the Roam experience while providing high-yield mining capabilities. Additionally, participants can win the Roam Baker MAX30 WiFi Access Points, which offer reliable internet connections and daily rewards. Other exciting prizes include free eSIM data, various amounts of Roam Points that can later be converted into $ROAM tokens, exclusive Halloween stickers, and Harmony ONE tokens, making this event a treasure trove for crypto enthusiasts. To participate, users must download the Roam app and redeem a surprise gift for just 100 Roam Points. Points can be accumulated by adding new WiFi connections, checking in, and referring friends. The event promises a thrilling Halloween celebration filled with surprises and fantastic prizes. With the event running for a limited time, participants are encouraged to gather their points and take advantage of this unique opportunity to enhance their Roam experience and crypto portfolio. Happy haunting and good luck to all Roamers!
Platform Updates: App Optimizations and Community Engagement Events cover
4 days ago
Platform Updates: App Optimizations and Community Engagement Events
This week marks significant advancements for the platform, particularly with the optimization of its apps aimed at enhancing performance and user experience. Key improvements include the resolution of OTP confirmation issues, which users can address by performing a hard refresh on their browsers. Additionally, the Key Management System (KMS) has been temporarily hidden to streamline the setup process, with further updates anticipated. A hotfix update has also been implemented to boost overall performance and stability, although the release of mobile apps has been delayed due to ongoing KMS issues, with a new launch expected in November. In an exciting development, the platform has lifted beta access restrictions for zcn.fun, making it fully accessible to the public. This platform offers users the opportunity to explore blobber Annual Percentage Rates (APRs) and discover the most profitable blobbers available on the network. As part of its outreach efforts, the marketing ad campaign is set to launch this week, with advertisements appearing on popular platforms such as X, Reddit, and Google, aiming to increase visibility and user engagement. Looking ahead, the community can look forward to two upcoming Ask Me Anything (AMA) sessions hosted by CEO Saswata Basu. The first will cater to the Züs community on October 31, 2024, at 9 AM PST, where Basu will discuss updates and answer questions. The second AMA will take place in the GOLDDIGGERS crypto community on November 1, 2024, at 4 PM UTC, featuring a $200 ZCN giveaway. These events are designed to foster community engagement and provide valuable insights into the platform's developments.
iExec and Lobster Revolutionize Web3 Communication with Privacy-First Innovation cover
5 days ago
iExec and Lobster Revolutionize Web3 Communication with Privacy-First Innovation
The recent partnership between iExec and Lobster marks a significant advancement in Web3 communication, particularly in the realm of privacy. With the integration of iExec's Web3Mail, Lobster can now send encrypted emails to users without ever needing to store or even access their email addresses. This innovation utilizes confidential computing and blockchain technology to ensure secure communications while granting users complete control over their privacy. By leveraging Intel SGX hardware encryption, the collaboration has created a tamper-proof communication method that effectively protects users from data breaches and unsolicited spam. This partnership not only enhances user privacy but also opens up new avenues for developers interested in creating privacy-first applications. iExec is actively encouraging builders to participate in their grants program, which aims to support innovative projects that align with their ecosystem. Interested developers can submit proposals detailing their project's technical aspects, purpose, and long-term benefits. Selected applicants will undergo a technical interview, and grants will be awarded based on the achievement of specific milestones, fostering a collaborative environment for innovation. Looking ahead, the potential of this partnership is vast, and both iExec and Lobster are excited about the future of privacy-first technology. Users are invited to experience this new level of privacy by subscribing to Lobster's secure newsletter. Additionally, developers are encouraged to explore the opportunities available through iExec's grants program, as this collaboration is just the beginning of what can be achieved in the realm of secure communications and privacy-focused applications.
Exploring the Future of Decentralized Infrastructure in Web3 cover
6 days ago
Exploring the Future of Decentralized Infrastructure in Web3
In episode 62 of the Hashing It Out podcast, host Elisha Owusu Akyaw engages with Harrison Hines, CEO and co-founder of Fleek Network, and Kyle Okamoto, CTO of Aethir, to discuss the transformative potential of decentralized physical infrastructure networks (DePIN). They delve into how DePIN aims to disrupt traditional internet infrastructure by decentralizing access to essential resources like GPUs and cloud services, challenging the dominance of major players such as AWS and Google. Hines emphasizes that DePIN represents an evolution similar to what Uber and Airbnb achieved in their respective industries, allowing for community ownership and operation of infrastructure instead of centralized control by corporations. Okamoto critiques the traditional cloud computing model, highlighting its inefficiencies and the oligopolistic nature of leading companies that limit access to critical resources. He argues that decentralized networks, like those developed by Aethir, can democratize access to computing power while enhancing operational efficiency. Both guests acknowledge the complexities of decentralization, noting that not all Web3 projects are fully decentralized, particularly due to the centralization of DNS. However, they express optimism about the ongoing evolution of the sector and the gradual decentralization of various infrastructure components. The episode provides valuable insights into the potential of DePIN to revolutionize existing industries, while also addressing the challenges that lie ahead in achieving full decentralization. The discussion sets the stage for future explorations of how DePIN could influence other sectors within the tech landscape, making it a significant topic for enthusiasts and professionals alike.
4EVERLAND Bi-Weekly Report: Exciting Developments and Future Plans cover
8 days ago
4EVERLAND Bi-Weekly Report: Exciting Developments and Future Plans
In the latest edition of the 4EVERLAND Bi-Weekly Report, the project has showcased significant advancements and community engagement over the past two weeks. Notable developments include the introduction of new features such as Telegram login support on the 4EVERLAND Dashboard and the integration of advanced large language models like GPT-4o-mini and Llama 3.2 into the 4EVERLAND AI RPC. Additionally, the 4EVER Boost Webpage and Telegram Mini App have seen enhancements with the launch of the "Mystery Code" feature and an Invite Module that rewards users for bringing in new participants. These updates are part of 4EVERLAND's strategy to enhance user experience and foster community growth. The report highlights impressive user growth, with 198,307 new users joining the platform, marking a significant milestone. Total transactions reached 132,549, and the number of active users stands at 28,603. The global node distribution ensures high availability and low latency, further solidifying the operational capabilities of the project. Community activities, such as the Template-a-thon Challenge and the 4EVER Boost Campaign, have also contributed to the platform's engagement, allowing users to earn rewards through participation and contributions. Looking ahead, 4EVERLAND is focused on continuous improvement and expansion. Upcoming plans include technical upgrades to enhance performance and security, as well as collaborations with additional projects to broaden the ecosystem. The team is committed to strengthening community interactions and actively seeking user feedback to drive future developments. With these initiatives, 4EVERLAND aims to create a vibrant and innovative Web3 experience for its users, ensuring a promising future for the project.