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

Binance
2019-10-10 09:15

Fellow Binancians,

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

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.

Thank you for your support!

Binance Team

2019/10/10

 

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