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

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.

For more information please visit Binance Will Support An Additional 200 Million ALGO Staking Rewards Program

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

2021-03-12
 

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