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.
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