Binance Unveils Promotion for Fixed Rate Loans, Offers Prizes Worth Up to 799 USDC

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Binance Launches Exciting Promotion for Fixed Rate Loans

Welcome to Extreme Investor Network, your go-to source for the latest news and updates in the world of cryptocurrency and blockchain. Today, we are thrilled to share the exciting news that Binance has launched a new promotion for its Fixed Rate Loans, offering users the opportunity to win up to 799 USDC in token vouchers. This promotion is set to run from September 19 to October 11, 2024.

Binance Announces Promotion for Fixed Rate Loans with Prizes Up to 799 USDC

So, what exactly does this promotion entail and how can you participate to win these exciting prizes? Let’s dive into the details:

Promotion Details:

The promotion period is from September 19, 2024, at 05:00 (UTC) to October 11, 2024, at 23:59 (UTC).

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How to Participate:

During the promotion period, borrowers who borrow a total of at least $200,000 equivalent on Fixed Rate Loans will be ranked based on their borrow amount in USD Equivalent. The top ten borrowers will each receive 799 USDC token vouchers. Similarly, suppliers who complete at least one supply order on Fixed Rate Loans will be ranked by their total supply amount in USD Equivalent, with the top 30 suppliers each receiving 100 USDC token vouchers.

How Binance Fixed Rate Loans Work:

To Borrow on Fixed Rate Loans:

  1. Place an Order
  2. Set up Collateral
  3. Confirm Order
  4. Order Matched
  5. Repayment
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To Supply on Fixed Rate Loans:

  1. Place an Order
  2. Confirm Order
  3. Order Matched
  4. Repayment

Additional Information:

Eligible users will receive USDC token vouchers within three weeks after the campaign ends. It is important to note that all distributed token vouchers will expire within 30 days after distribution, so be sure to redeem your rewards before the expiration date. Each user can receive a maximum of one reward from this promotion, and sub-accounts will not be viewed as independent accounts.

USDC is an e-money token issued by Circle Internet Financial Europe SAS, providing holders with a legal claim against Circle SAS and the ability to request redemption of their USDC at any time and at par value.

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For more detailed information on how Binance Fixed Rate Loans work, we encourage users to refer to the Fixed Rate Loans FAQ, Flexible Loans FAQ, and VIP Loan FAQ available on the Binance platform.

Stay tuned to Extreme Investor Network for more updates and insights on the latest trends in cryptocurrency and blockchain technology!

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