Binance will be adding support for Stellar (XLM) staking, starting July 20, 2019. Stellar rewards will be in addition to the staking rewards Binance already supports: NEO (GAS), Ontology (ONG), and VeChain (VTHO).
Binance will distribute Stellar Lumens staking rewards as detailed below:
Monthly XLM Staking Airdrop Program
XLM generated by each user = Total XLM staking rewards received by Binance * User XLM holdings ratio.
User XLM holdings ratio = User XLM holdings / Total XLM staked by Binance.
9,500,000 XLM (~$775,000 USD) Initial Staking Reward Airdrop
Upon initiating staking of Stellar this week, Binance discovered that we had been staking Stellar Lumens (XLM) from 2018/08/31, following recommendations from the Stellar team on changing some parameters on both cold and hot wallets. All weekly staking rewards credited to Binance during this period can be found here.
As of today, the total amount of XLM credited to Binance from these staking rewards is approximately 9,500,000 XLM (approximately $775,000 USD). Binance has decided to distribute these staking rewards to our users as detailed below:
For further information and background on this initial staking reward airdrop, read our blog post here.
Move your coins to Binance from anywhere and enjoy hassle-free staking rewards. Other rewarded coins supported by Binance are:
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