Binance Simple Earn, Binance’s leading guaranteed earning platform, has launched a promotion for Artificial Superintelligence Alliance (FET) Simple Earn Flexible Products and Locked Products.

The promotion features FET, the token representing the newly formed alliance between three prominent AI projects – Fetch.ai, SingularityNET, and Ocean Protocol, now under the umbrella of the Artificial Superintelligence Alliance. FET, originally the native token of Fetch.ai, now serves as the reserve currency for the entire alliance, with other tokens like AGIX and OCEAN being converted into FET at a fixed exchange rate.

In an official announcement, Binance highlighted up to 4.8% exclusive Bonus Tiered APR on top of the annualized returns of the Real-Time APR. Users can enjoy up to 10.7% rewards on FET Locked Products by completing a full subscription to Fetch.ai Simple Earn products.

Binance’s FET promotion period runs from July 12, 2024, to August 11, 2024. The exclusive offers are available to customers who subscribe to the products during the period on a first-come, first-served basis.

Elaborating on the scheme, Binance broke down the procedures involved. While Bonus Tiered APR and Locked Product APR are distributed to the users’ Spot Wallets on a daily basis, Real-Time APR is accrued and accumulated in the Earn Wallets.

Further, the exchange warned against any fraudulent activity or breaching of the program code. In the terms and conditions provided in the notice, Binance clearly stated that “Binance reserves the right to disqualify any participant” who goes against the rules. The statement read:

“Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software…are acting fraudulently or not in accordance with any applicable terms and conditions.”

In related news, Binance recently unveiled the company’s asset list for July, showcasing its Proof of Reserves. The data revealed Bitcoin’s net customer balance at 605,636.567, marking a surge of 4.01% from the last month. Similarly, the user assets of ETH have also shown a hike of 1.01%, currently at 4,711,979.871.