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Binance Launches ETH Principal Guaranteed Earning Product with $817,000 Reward Pool

Binance introduces an ETH capital protection product, allowing users to earn up to 28,888 HYPER and annual yields of 1.2% by purchasing at least 0.5 ETH.

ETH

Summary

Binance has launched an ETH capital protection product, enabling users who purchase a minimum of 0.5 ETH to participate in a prize pool of 817,000 HYPER tokens, valued at approximately $300,000. The top winner can receive 28,888 HYPER, worth around $11,000, while users can earn an annual yield of up to 1.2%. This initiative aims to enhance user engagement with Ethereum and its earning potential.

Terms & Concepts
  • HYPER: A digital asset or token associated with Binance's earning product, used as a reward for participants.
  • ETH (Ethereum): A decentralized blockchain platform that enables the creation of smart contracts and decentralized applications, with its native cryptocurrency being Ether (ETH).
  • Annual Yield: The percentage of return on an investment over a year, often expressed as a percentage of the initial investment.