Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD
Support Center
Announcement
Latest Binance News

Binance Will Support TomoChain (TOMO) Staking

Binance
2020-04-17 03:49

Fellow Binancians,

Binance will be adding support for TomoChain (TOMO) staking starting from 2020/04/18 and will distribute TOMO staking rewards as detailed below:

Monthly TOMO Staking Airdrop Program

  • Starting from 2020/04/18 at 00:00 AM UTC, Binance will begin taking live snapshots of user TOMO balances.
  • TOMO Staking distribution will be calculated as follows:
    TOMO generated by each user = Total TOMO staking rewards received by Binance * User TOMO holdings ratio.
  • User TOMO holdings ratio = Average user TOMO holdings / Average total TOMO staked by Binance.
  • Users must hold at least 5 TOMO in order to qualify for staking rewards.
  • The initial distribution of TOMO staking rewards will be calculated through to 2020/05/31, with the total amount distributed equal to the staking rewards accrued during the period.
  • TOMO 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

2020/04/17

 

Trade on the go with Binance’s mobile crypto trading app:

Download for Android

Download for iOS

 

Find us on 

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance

Facebook: https://www.facebook.com/binance 

Instagram: https://www.instagram.com/binance 

Related Articles
Wallet Maintenance for Ethereum Network (ERC20)