Binance New Range Bound Products Launched

Binance new range bound products launched. The following information was taken from www.binance.com

Binance New Range Bound Products Launched

Binance is launching a new batch of Range Bound products with updated Price Ranges and Settlement Dates, which users may utilize to potentially earn higher rewards in times of low market volatility.

• Subscription starts at: 2023-06-06 10:00 (UTC) 
• Subscription format: First-come, first-served basis
• Check out the new Price Ranges and Settlement Dates in the link below

Earn Rewards with Range Bound!

Range Bound is a product that allows users to earn rewards when the Reference Price of their chosen digital asset stays within the selected Price Range during the entire Subscription Period. 

Users are able to select the Price Range and Settlement Date that most suit their needs from the wide variety of options available. They may also decide the portion of their Subscription Amount to be forfeited (i.e., the Subscription Amount at Risk) if the Reference Price ever touches or exceeds the Upper/Lower Range of the selected Price Range during the Subscription Period. The higher the Subscription Amount at Risk, the higher the Potential APR goes.

* Note: Products with a “Beginner” label have a 0% “Subscription Amount at Risk” option available.

How to Get Started with Range Bound:

• Go to the Range Bound page.
• Choose the Range Bound product you would like to subscribe to (i.e., BTC, ETH or BNB).
• Select an option that fits your preferred Price Range, Potential APR, and Settlement Date. 
• Enter the amount you would like to subscribe. You can subscribe using USDT, BUSD or the selected digital asset.
• Select the Potential APR you wish to earn at the end of the Subscription Period. Please note that the higher the APR, the greater the Subscription Amount at Risk.
• Read and agree to the Binance Range Bound Service Agreement and check the confirmation box. Click [Confirm] to complete your subscription.

More information about Range Bound, including a glossary and detailed calculation methodology, can be found here.

Notes

• Range Bound may stop accepting new subscriptions at any time.
• APR will change in real-time depending on market fluctuation before the subscription, but will be locked in once the subscription is completed.
• Range Bound products cannot be redeemed before the Settlement Date. 
• Range Bound Underlying Asset refers to the digital asset for which the price is being tracked.
• Deposit Currency refers to the digital asset used to subscribe to a Range Bound product.
• Settlement Date refers to the date on which transactions and redemption will take place.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. 

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