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Binance Will Support Cosmos (ATOM) Staking

Binance
2019-12-04 00:31

Fellow Binancians,

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

 

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