Binance Will Support the Distribution of VTHO to VET Holders

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Binance Will Support the Distribution of VTHO to VET Holders

2018-07-25 09:37

Fellow Binancians,

After discussing with the VeChain (VET) team, Binance will support the distribution of VTHO to VET holders. The VTHO will be distributed on a monthly basis, but calculated based on daily snapshots of each user’s VET balance.

Daily VTHO generated by each user = Daily total VTHO generated by Binance * User VTHO holdings ratio¹

¹User VTHO holdings ratio = User VET holdings / Total VET held on Binance

Note:

VET balances under 1 VET (including those in trade orders) will not be included into the daily VTHO calculations.
VTHO generation is calculated daily but distributed monthly. Distributions will be completed before the 5th of each month.
Binance will begin calculating VTHO from 2018/07/23.

For further details on the exact calculation methodology, please refer to Page 38 of VeChain Development Plan and Whitepaper.

Thanks for your support!

Binance Team
2018/07/25

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