Binance Introduces BFUSD: Enjoy Zero Fee at Purchase and Share 100,000 USDT in Bonus APY and Token Vouchers!

This is a general and marketing announcement. Products and services referred to here may not be available in your region.

Binance Futures is excited to introduce BFUSD, a reward-bearing margin asset which provides active Binance Futures traders with the opportunity for returns on qualifying balances in their Futures Account. BFUSD can also be used as Margin in multi-asset mode Futures Accounts, whilst still earning rewards.

Buy BFUSD from Nov 27, 2:00 UTC

From 2024-11-27 02:00 (UTC), users can start buying BFUSD on Binance Futures. Early BFUSD adopters can enjoy zero fees at purchase.

Eligible users who buy and hold BFUSD in their Futures account can receive daily rewards with Base APY*! BFUSD holders that trade USDⓈ-M Futures daily will receive a Boosted APY instead, higher than the Base APY.

To celebrate the launch of BFUSD, Binance Futures is launching three promotions for users with limited time offer benefits. Buy BFUSD at zero fees for a limited time period only and share 10% Bonus APY and 100,000 USDT in Token Vouchers!

Promotion Period: 2024-11-27 02:00 (UTC) to 2024-12-26 23:59 (UTC)

Promotion A: Enjoy Zero-Fee on All BFUSD Purchases

During the Promotion Period, all eligible VIP 0 to VIP 9 users who purchase BFUSD will enjoy zero fees on all BFUSD purchases, subject to the maximum holding limits according to one’s VIP level.

Note: Fees still apply when redeeming BFUSD for USD stablecoin. For more information, refer to this FAQ.

Users do not need to register for Promotion A, users who fulfill the aforementioned criteria will automatically enjoy the zero-fee promotion.

Promotion B: Hold BFUSD and Trade Futures to Enjoy 10% Bonus APY

Eligible users who register for the Promotion and subscribe to BFUSD for more than 72 hours during the Promotion Period, and make at least one USDⓈ-M Futures trade, will earn an additional 10% bonus APY on top of the Base or Boosted APY. The bonus 10% APY will be applied to the BFUSD purchased and held by the user during the term of the Promotion Period only.

The 10% bonus APY will only be applied to the first 1,000 BFUSD purchased per user. A minimum purchase of 10 BFUSD is required to be eligible for rewards. 10% bonus APY rewards will be given on a first-come, first-serve basis, based on the holding and subscription date until the reward pool of 40,000 USDT across all holders runs out.

Notes:

If the 40,000 USDT rewards for Promotion B have run out, users may receive less than their expected reward amount from their purchased amount.

To enjoy rewards in respect of the Base APY, users must hold BFUSD in their USDⓈ-M Futures wallet. To enjoy Boosted APY, which is higher than the Base APY, users must also complete a USDⓈ-M trade each day to receive rewards for that day.

To enjoy the 10% bonus APY, users must hold BFUSD for more than 72 hours, and make at least one USDⓈ-M Futures trade during the Promotion Period.

A daily snapshot of each user’s BFUSD holding will be taken and rewards will be calculated on a daily basis. After the Promotion Period, the cumulative rewards from the daily snapshots will be added to determine a user’s final reward.

Daily BFUSD Holding Amount = Total amount of BFUSD subscribed - Total amount of BFUSD redeemed

*Any reference to Base and Boosted APY are merely for illustrative purposes, and is not indicative of what the reward rates for BFUSD will actually be. It may be more or less than the amount indicated. The amount of reward is not guaranteed. The APY could be zero and if so the Base and/or Boosted APY reward amount would be nil. Qualified users can still receive the 10% Bonus APY. Terms and conditions apply.

Promotion C: Hold More BFUSD to Share the 60,000 USDT Milestone Bonus

The first 9,000 eligible users who register for the Promotion and meet the minimum BFUSD holding amounts will qualify for rewards. Eligible users who reach 5,000 BFUSD and 10,000 BFUSD holding amounts will receive an additional 5 USDT or 10 USDT respectively, distributed on a first-come, first-serve basis until the reward pool of 60,000 USDT across all holders runs out.

A snapshot of the user’s subscription amount will be taken at the end of the Promotion Period to determine the rewards. The minimum