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Notice Regarding Updated NPXS Monthly Token Unlock Program

Binance
2018-08-28 08:35

Fellow Binancians,

Due to changes made by the Pundi X team, Binance will update the process involved for the NPXS Monthly Token Unlock Program, starting from 2018/09/01. The unlocked tokens for the month of August 2018 will still be calculated based on the previous methodology (August tokens will be distributed on approximately 2018/09/15).

The new monthly token unlock calculation is as follows:

Daily NPXS generated by each user = Daily NPXS generated by Binance * Daily User NPXS holdings ratio1

1Daily user NPXS holdings ratio = Daily User NPXS holdings / Total NPXS held on Binance

Note:

  • Unlocked NPXS tokens are calculated daily and distributed monthly. Distributions will be completed before the 15th of each month.
  • Users with a balance of <1 NPXS (including those in trade orders) will not be included into the daily NPXS calculations.

Please refer to the official Pundi X announcement here for further details: August unlocked for Pundi X token holders and new mechanism explained

Thanks for your support!

Binance Team

2018/08/28

 

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