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Binance Will Support the Harmony (ONE) Staking Rewards Program

Binance
2019-10-15 11:25

Fellow Binancians,

In collaboration with the Harmony team, Binance will support the staking of ONE tokens on Binance, starting on 2019/10/16. Binance will distribute these rewards proportionately to users each month based on their daily average ONE holdings, as detailed below:

Monthly ONE Staking Airdrop Program

  • Starting from 2019/10/16, Binance will begin taking hourly snapshots of user ONE balances at 00:00 AM UTC.
  • ONE Staking distribution will be calculated as follows:
    ONE generated by each user = Total ONE staking rewards received by Binance * User ONE holdings ratio.
    User ONE holdings ratio = User ONE holdings / Total ONE staked by Binance.
  • Users must hold at least 175 ONE in order to qualify for staking rewards.
  • The initial distribution of ONE staking rewards will be calculated through to the end of 2019/11/15, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
  • ONE rewards are calculated daily (hourly snapshots) 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

2019/10/15

 

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