Fellow Binancians,
After discussing with the VeChain (VET) team, Binance will support the distribution of VTHO to VET holders. The VTHO will be distributed on a monthly basis, but calculated based on daily snapshots of each userâs VET balance.
Daily VTHO generated by each user = Daily total VTHO generated by Binance * User VTHO holdings ratio1
1User VTHO holdings ratio = User VET holdings / Total VET held on Binance
Note:
For further details on the exact calculation methodology, please refer to Page 38 of VeChain Development Plan and Whitepaper.
Thanks for your support!
Binance Team
2018/07/25
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