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Binance Will Support Swipe (SXP) Staking

2020-08-13 07:17
Fellow Binancians,
Binance will be adding support for Swipe (SXP) staking starting from 2020/08/23 and we will distribute SXP staking rewards as detailed below:
Monthly SXP Staking Airdrop Program
  • Starting from 2020/08/23 at 00:00 AM UTC, Binance will begin taking live snapshots of user SXP balances.
  • SXP Staking distribution will be calculated as follows: SXP generated by each user = Total SXP staking rewards received by Binance * User SXP holdings ratio.
  • User SXP holdings ratio = Average user SXP holdings / Average total SXP staked by Binance.
  • Users must hold at least 1 SXP in order to qualify for staking rewards.
  • The initial distribution of SXP staking rewards will be calculated through to 2020/09/30, with the total amount distributed being equal to the staking rewards accrued during the period.
  • SXP 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.
For more information on SXP staking, please visit Swipe’s blog post here.
Thanks for your support!
Binance Team
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