Binance Launches BFUSD: Zero Fees and $100K in Rewards
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Starting on November 27th, 2024, traders can buy BFUSD and enjoy rewards on their balances. Think of it as earning while you trade.
BFUSD is a reward-bearing margin asset that’s perfect for active Binance Futures traders. It can be used as a margin in multi-asset mode accounts while still earning daily rewards. This means your money pulls double duty: it powers your trades and earns rewards at the same time.
How BFUSD Rewards Work
According to a blog post, when you buy and hold BFUSD in your Futures account, you automatically start earning Base APY (Annual Percentage Yield). But here’s the kicker: if you trade daily on USDⓈ-M Futures, your rewards get a boost. Boosted APY is higher than the Base APY, so the more you trade, the more you earn.
To sweeten the deal, Binance Futures is offering zero fees on BFUSD purchases for a limited time. This gives early adopters a chance to jump in with no extra costs.
BFUSD is live!
Buy BFUSD at Zero Fees, 10% Bonus APY* and share 100,000 USDT in rewards.
Learn more
https://t.co/kNX3oe4QGA pic.twitter.com/wNl9UREtyc
— Binance (@binance) November 27, 2024
To celebrate the launch, Binance Futures is rolling out three limited-time promotions:
- Zero Fees on BFUSD Purchases: From November 27 to December 26th, 2024, you can buy BFUSD with zero fees.
- 10% Bonus APY: Eligible users can enjoy an extra 10% APY on their BFUSD holdings during the promotion period.
- 100,000 USDT in Token Vouchers: Binance Futures is giving away a whopping 100,000 USDT in token vouchers to traders who participate in this promotion.
These perks make it the perfect time to try out BFUSD. As they say, the early bird gets the worm.
How to Get Started
Buying BFUSD is as easy as pie. Starting at 2:00 AM (UTC) on November 27th, you can purchase BFUSD directly on Binance Futures. Whether you’re a seasoned trader or just getting your feet wet, BFUSD offers a unique way to maximize your trading and earning potential.
Don’t miss out—this promotion wraps up on December 26, 2024, at 11:59 PM (UTC). Get in on the action now and make your trading account work smarter, not harder.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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