Binance Will Support Cosmos (ATOM) Staking

By BinanceOfficial


Binance will be adding support for Cosmos (ATOM) staking, starting from 2019/12/05.


Binance will distribute ATOM staking rewards as detailed below:


Monthly ATOM Staking Airdrop Program

Starting from 2019/12/05, Binance will begin taking hourly snapshots of user

ATOM balances at 00:00 AM UTC.

ATOM staking distribution will be calculated as follows: ATOM generated by each user = Total ATOM staking rewards received by Binance * User ATOM holdings ratio. User ATOM holdings ratio = User ATOM holdings / Total ATOM staked by Binance.Users must hold at least 0.5 ATOM in order to qualify for staking rewards.The initial distribution of ATOM staking rewards will be calculated up until 2020/01/01, with the total amount distributed equal to the staking rewards accrued on holdings during the period.ATOM rewards are calculated daily (hourly snapshots) and distributed monthly. Distributions will be completed before the 20th of each month.

Move your coins to Binance from anywhere and enjoy hassle-free staking rewards. Other rewarded coins supported by Binance can be found on the Staking Home Page here.



Thank you for your support!

Binance Team

2019/12/04

5 views0 comments