Binance Announces IOTA Locked Products Update with Up to 29.9% APR

According to the announcement from Binance, the platform has introduced an update to its Simple Earn Locked Products, specifically focusing on IOTA (IOTA). Users can participate in this promotion by subscribing to IOTA Locked Products during the designated Promotion Period, which spans from 2025-10-01 10:00 (UTC) to 2025-12-29 09:59 (UTC). The subscription process follows a first-come, first-served basis, with specific minimum and maximum subscription limits and duration requirements impacting the Annual Percentage Rate (APR) rewards. The reward calculation period begins at 00:00 (UTC) on the day following an eligible subscription completion and continues until the end of the subscription period. Rewards are distributed daily. The offered products include various durations with corresponding APRs: 30 days at 16.9%, 60 days at 20.9%, and 120 days at 29.9%. Users can start by purchasing IOTA on the Spot Market or via the Buy Crypto page, which supports multiple payment methods. After acquiring IOTA, users can head to the Earn section, select the desired duration, and subscribe to start earning daily APR rewards. Terms and conditions apply to this activity, and users must complete identity verification during the Promotion Period to qualify for rewards. Binance reserves the right to adjust APRs after the Promotion Period without prior notice. Users can view their subscriptions under Assets > Earn > Simple Earn > Locked and may enable the Auto-Subscribe function for automatic renewal upon expiry. The unlock period for Locked Products ranges from 48 to 72 hours, with early redemption returning assets to users' Spot Accounts within 72 hours, subject to certain conditions. Binance retains the discretion to amend terms and disqualify users for dishonest behavior.