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Binance Will Support the 3rd Distribution of the ALGO Staking Rewards Program

2021-03-12 11:29
Fellow Binancians,
Around 2021-03-31, Binance will support the 3rd semi-annual distribution for the Algorand (ALGO) 200 Million ALGO Staking Rewards Program. When the distribution is completed, users will be informed by a further announcement.
  • ALGO generated by each user = Total ALGO staking rewards received by Binance * User holdings ratio.
  • User ALGO holdings ratio = User ALGO holdings / Total ALGO staked by Binance
Please Note:
  • Snapshot Period: 2020-09-01 0:00 (UTC) - 2021-03-01 0:00 (UTC).
  • Sub-accounts are calculated separately.
  • Users must hold at least 2 ALGO (including ALGO in trade orders) in order to qualify for staking rewards.
  • The Snapshot only calculates ALGO holdings on Spot, Savings, and Staking platforms.
  • Persons and entities from the U.S. and sanctioned countries are not eligible to receive this airdrop. For more information, please refer to Binance Terms of Use.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
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