These supplemental terms and conditions for Boost promotions on Binance.US (“Boost Terms”) govern your engagement with Boost promotions and supplement the Terms available at https://www.binance.us/terms-of-use. Except as otherwise noted, all provisions of the Terms also apply to your engagement with Boost promotions, and all terms and clauses contained in the Terms are incorporated by reference.
GENERAL
1. From time to time, BAM may make available promotions for cryptocurrencies, projects, or affiliates under its “Boost” brand (“Boost Promotions”). Generally, and as described herein, a Boost Promotion is a time limited event wherein holders of certain eligible cryptocurrencies (“Eligible Assets”) may signal their participation in an event and receive a reward token (“Reward”) from a predetermined rewards pool on a pro rata basis based on the amount of Eligible Assets held and associated with a particular Boost Promotion by the user, versus the total amount of Eligible Assets associated with the Boost Promotion by all participants, and how long Eligible Assets are associated with a Boost Promotion.
2. These terms govern your access to and use of Boost Promotions. By participating in a Boost Promotion, you agree to be bound by these Boost Terms.
3. BAM may make changes to these Boost Terms (or any terms or information incorporated by reference) at any time in accordance with the Terms.
4. BAM never lends or uses assets associated with Boost Promotions for trading activity in any way.
ELIGIBILITY
5. Boost Promotions are generally open to retail BAM users who have passed basic identity verification, reside in a supported state or territory, and hold one or more Eligible Asset. Boost Promotions may also set minimum participation requirements, e.g., minimum amounts of Eligible Assets that must be associated with a Boost Promotion to participate in such Boost Promotion.
6. Eligibility may be limited to particular jurisdictions, based on state and local law, and at BAM's sole discretion.
HOW TO PARTICIPATE
7. Subject to these Boost Terms, you may participate in a Boost Promotion via the Binance.US mobile application or other interfaces that may be made available by BAM by associating Eligible Assets with a Boost Promotion, e.g., by using the “Add” button in the Boost section of the mobile application. When You associate Eligible Assets with a Boost Promotion, such assets may no longer appear in Your Portfolio or Available Balance, and may not be available to trade or for use in limit orders, so long as they are associated with the Boost Promotion. However, Your legal interest in the associated Eligible Assets does not change.
8. You can freely disassociate your crypto from a Boost Promotion at any time using the mobile application or other interface authorized by BAM, e.g., by using the “Remove” button in the Boost section of the mobile application. At the end of a Boost Promotion, any Eligible Assets will be disassociated with the Boost Promotion. All Eligible Assets disassociated from a Boost Promotion will again be reflected in Your Portfolio and Available Balance. Disassociated Eligible Assets are generally made available for trading without delay, however a delay may occur in some circumstances, including without limitation events of extreme market volatility, network delays, validator or protocol failure, a significant number of simultaneous instructions to disassociate Eligible Assets from other BAM users, or other unanticipated events.
9. Particular Eligible Assets may only be associated with one Boost Promotion at one time, although, subject to BAM's sole discretion, You may divide your Eligible Assets across multiple Boost Promotions. For example, and subject to any other limitations, if two concurrent Boost Promotions both support BTC as an Eligible Asset, a user with 1 BTC could participate with 0.6 BTC in the first Boost Promotion and 0.4 BTC in the second Boost Promotion.
FORM OF REWARDS AND TIMING
10. Rewards accrue on a pro rata basis as described above. Subject to BAM's sole discretion, rewards generally accrue on an hourly basis, and are distributed to users weekly, typically on Friday or Saturday, or at the end of the Boost Promotion. BAM may at its sole discretion specify a minimum or maximum amount of Eligible Assets for participation in a Boost Promotion. Rewards do not compound.
11. Rewards begin accruing when Eligible Assets are associated with a Boost Promotion and cease accruing when Eligible Assets are disassociated with the Boost Promotion. You will not receive Rewards for the period of the Boost Promotion prior to when You associated Your Eligible Assets. BAM may adjust accruals, at its sole discretion, to prevent cheating or abuse.
12. Rewards from the rewards pool may be split evenly or unevenly between Eligible Assets in a given Boost Promotion at BAM's sole discretion. For example, and for illustrative purposes only, if a Boost Promotion has total Rewards in the rewards pool of 1,200,000 “New Token” and supports BTC, BCH, and LTC as Eligible Assets:
Rewards may be divided as 400,000 New Token to participants associating BTC, 400,000 New Token to participants associated BCH, and 400,000 New Token to participants associating LTC; or
Rewards may be divided as 1,000,000 New Token to participants associating BTC, 100,000 New Token to participants associating BCH, and 100,000 New Token to participants associating LTC; or
Rewards may be divided as otherwise determined by BAM.
Generally, a fixed pool of Rewards will be assigned to each Eligible Asset and reflected in the Boost Promotion section of the mobile application.
13. BAM may from time to time provide an “Estimated Rewards Rate” or similar indicator for Boost Promotions or Eligible Assets therein. This is an estimate based on participation data for a Boost Promotion, which may be delayed, and first and/or third party market pricing data and estimates. Rewards rates will fluctuate during the pendency of a Boost Promotion, and early rewards rates are likely to decrease as additional users participate in the Boost Promotion, reducing pro rata rewards. Although BAM takes commercially reasonable efforts to ensure the integrity of its estimates, they are only estimates and should not be relied on as financial advice, and BAM expressly disclaims any and all liability for inaccurate Estimated Rewards Rates or similar indicators.
RISKS
14. Due to market conditions, the value of your crypto rewards and assets may fluctuate in USD terms during a Boost Promotion. You must review and acknowledge the risk disclosures in the Terms of Use. There are no additional custodial or slashing risks associated with Boost Promotions and BAM does not lend or use assets associated with Boost Promotions.
HOW BOOST REWARDS ARE FUNDED
15. All Rewards are sponsored entirely by third-party cryptocurrency projects or their affiliates ("Project Sponsors"). Project Sponsors make available the full amount of digital assets that make up the rewards pool for each Boost Promotion.
16. Project Sponsors do not receive any payment or compensation from Binance.US or from participants for providing these rewards.
17. For all Boost Promotions, 100% of the rewards made available by Project Sponsors are distributed to eligible participants. If any rewards remain undistributed (for example, due to rounding), they are returned to the Project Sponsor.
ABOUT BOOST REWARDS AND PROJECT SPONSORS
18. Rewards are provided as a promotional benefit and are not intended to create any expectation of profit for participants.
19. Any information or materials provided by Project Sponsors are for general information only and are not financial or investment advice.
RELATIONSHIP WITH PROJECT SPONSORS
20. Project Sponsors do not have any ongoing relationship, rights, or obligations to Boost participants.
21. Receiving Rewards does not give participants any ownership or other rights in a Project Sponsor.