Binance Will Support Fetch.ai (FET) Staking Rewards Program

Published on 2019-10-10 09:15

Fellow Binancians,

In collaboration with the Fetch.ai team, Binance will support the

tokens on Binance, starting on 2019/10/11. Binance will distribute these rewards proportionately to users each month based on their daily average FET holdings, as detailed below:

Monthly FET Staking Airdrop Program

Starting from 2019/10/11, Binance will begin taking hourly snapshots of user FET balances at 00:00 AM UTC.
FET Staking distribution will be calculated as follows:
FET generated by each user = Total FET staking rewards received by Binance * User FET holdings ratio.
User FET holdings ratio = User FET holdings / Total FET staked by Binance.
Users must hold at least 25 FET in order to qualify for staking rewards.
The initial distribution of FET staking rewards will be calculated through to the end of 2019/11/10, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
FET rewards are calculated daily and distributed monthly prior to the 20th of each month.