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Latest Binance News
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Binance Will Support Ark (ARK) Staking
Binance
2020-04-14 00:56

Fellow Binancians,

Binance will be adding support for Ark (ARK) staking starting from 2020/04/15 and will distribute ARK staking rewards as detailed below:

Monthly ARK Staking Airdrop Program

  • Starting from 2020/04/15 at 00:00 AM UTC, Binance will begin taking live snapshots of user ARK balances.
  • ARK Staking distribution will be calculated as follows:
    ARK generated by each user = Total ARK staking rewards received by Binance * User ARK holdings ratio.
  • User ARK holdings ratio = Average user ARK holdings / Average total ARK staked by Binance.
  • Users must hold at least 5 ARK in order to qualify for staking rewards.
  • The initial distribution of ARK staking rewards will be calculated through to 2020/05/31, with the total amount distributed equal to the staking rewards accrued during the period.
  • ARK rewards are calculated daily 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

2020/04/14

 

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