To ensure that Binance users were eligible to receive EDG tokens from the Edgeware Lockdrop, Binance signalled with our ETH wallet to participate in the lockdrop on 2019/08/31. Binance will distribute EDG received from this lockdrop to ETH holders after the EDG mainnet is online.
To calculate the distribution amongst our users, a snapshot of ETH balances was taken across all Binance accounts at an Ethereum block height of 8461046 on 2019/08/31 11:59:57 PM (UTC). Based on current calculations, users will receive approximately 210 EDG per ETH held at this snapshot time, receiving 25 percent of their EDG upfront, and 75 percent of EDG one year from network launch.
A separate announcement will be made to notify users once the distribution is complete, as well as the final distribution numbers.
For the original official announcement from Edgeware on the lockdrop, please refer here.
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