Fellow Binancians,
Binance will add support for Elrond (ERD) staking, starting from 2019/10/10.
Elrond staking rewards will be distributed as detailed below:
Monthly ERD Staking Airdrop Program
- Starting from 2019/10/10, Binance will begin taking hourly snapshots of user ERD balances at 00:00 AM UTC.
- ERD staking distribution will be calculated as follows:
ERD generated by each user = Total ERD staking rewards received by Binance * User ERD holdings ratio.
- User ERD holdings ratio = User ERD holdings / Total ERD staked by Binance.
- Users must hold at least 700 ERD in order to qualify for staking rewards.
- The initial distribution of ERD staking rewards will be calculated up until 2019/11/10, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
- ERD rewards are calculated daily (hourly snapshots) 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
2019/10/09
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