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Binance Will Support TRON (TRX) Staking
Binance
2019-09-30 10:16

Fellow Binancians,

Binance will be adding support for TRON (TRX) staking, starting from 2019/10/01. Binance will distribute TRON staking rewards as detailed below:

Monthly TRX Staking Airdrop Program

  • Starting from 2019/10/01, Binance will begin taking hourly snapshots of user TRX balances at 00:00 AM UTC.
  • TRX Staking distribution will be calculated as follows:
    TRX generated by each user = Total TRX staking rewards received by Binance * User TRX holdings ratio.
  • User TRX holdings ratio = User TRX holdings / Total TRX staked by Binance.
  • Users must hold at least 5 TRX in order to qualify for staking rewards.
  • The initial distribution of TRX staking rewards will be calculated up until 2019/11/01, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
  • TRX 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

2019/09/30

 

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