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How Binance Distributes ONG to ONT Holders
Binance
2018-08-03 11:02

All Ontology (ONT) holders on Binance will receive ONG which is generated by ONT daily and distributed monthly. The details are as follows:

Daily ONG generated by each user = Daily total ONG generated by Binance * User ONG holdings ratio1.

1 User ONG holdings ratio = User ONT holdings / Total ONT held on Binance

Note:

  • ONT balances under 0.1 ONT (including those in trade orders) will not be included into the daily ONG calculations.
  • ONG generation is calculated daily and distributed monthly. Binane will have corresponding announcements after monthly distribution, please be subject to announcements. 

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