Binance Introduces WOO on Simple Earn Locked Products

Binance, a leading cryptocurrency exchange, has expanded its Simple Earn Locked Products by adding WOO (WOO) to the offerings, according to Binance. Starting from November 21, 2024, at 10:00 UTC, users can subscribe to WOO Locked Products to begin earning potential rewards.

Details of the WOO Locked Products

The subscription to WOO Locked Products operates on a first-come, first-served basis, with specific minimum and maximum subscription limits. The duration of the subscription will determine the annual percentage rate (APR) rewards that users can earn. The reward calculation period begins at 00:00 UTC the day after a subscription is completed, and rewards are distributed on a daily basis.

Subscription Process

To start earning with WOO Locked Products, users must first acquire WOO tokens, either through Binance’s Spot Market or the Buy Crypto page, which supports various payment methods such as Visa, Mastercard, Apple Pay, and Google Pay. Once the WOO tokens are acquired, users can proceed to the Earn section on Binance, search for WOO, select the desired duration, and subscribe to begin earning up to 3.5% APR daily.

Additional Information and Considerations

Subscribers can manage their Locked Products through the Wallets section on Binance. The unlock period for these products is one day. In cases of early redemption, assets are typically returned to the user’s Spot Account within 72 hours, although delays may occur under exceptional circumstances like extreme market volatility or high redemption volumes.

Binance advises users to refer to the English version of the announcement for the most accurate information. The platform also reserves the right to amend or cancel the announcement without prior notice.

It is important to note that digital asset investments carry risks, and the value of assets can fluctuate. Binance does not guarantee specific rewards or returns over time, and users are responsible for their investment decisions.

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