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Binance Will Support Lisk (LSK) Staking

Binance
2020-02-26 09:32

Fellow Binancians,

Binance will be adding support for Lisk (LSK) staking starting from 2020/02/27 and will distribute LSK staking rewards as detailed below:

Monthly LSK Staking Airdrop Program

  • Starting from 2020/02/27 at 00:00 AM UTC, Binance will begin taking live snapshots of user LSK balances.
  • LSK Staking distribution will be calculated as follows:
    LSK generated by each user = Total LSK staking rewards received by Binance * User LSK holdings ratio.
  • User LSK holdings ratio = Average user LSK holdings / Average total LSK staked by Binance.
  • Users must hold at least 1 LSK in order to qualify for staking rewards.
  • The initial distribution of LSK staking rewards will be calculated through to 2020/03/31, with the total amount distributed equal to the staking rewards accrued during the period.
  • LSK rewards are calculated daily and distributed monthly. Distributions will be completed before 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

2020/02/26

 

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