Fellow Binancians,
Due to popular demand, Binance is bringing back “Community Coin of the Month”, but now in a completely different format that is both fair and also rewarding for participating users.
The new Community Coin Vote will put two projects head to head against each other. The project that receives the most votes at the end of the voting period will be listed on Binance.com. Users will receive votes based on their average daily BNB balance held over a 9-day period leading up to the vote (detailed average BNB calculation here).
Additionally, users that vote for the winning project will also be rewarded with an airdrop of both BNB and the winning project’s tokens.
New Community Coin Vote Round 1 - NKN vs VIDY
For the first round of the new format Community Coin Vote, we have selected NKN (NKN) and Vidy (VIDY) as the two candidates for the vote.
The vote will start at 2019/10/10 4:00 AM (UTC) for 24 hours and will close at 2019/10/11 4:00 AM (UTC).
The number of votes each user receives will be determined by their 9-day average (hourly snapshots) BNB holdings from: 2019/10/01 0:00 AM (UTC) to 2019/10/10 0:00 AM (UTC).
Participant Rewards
If NKN (NKN) wins the vote and is listed on Binance.com, all participants that voted for NKN will split a total reward pool of 7,000 BNB and 13,000,000 NKN, based on the number of votes from each participant.
If Vidy (VIDY) wins the vote and is listed on Binance.com, all participants that voted for VIDY will split a total reward pool of 7,000 BNB and 155,000,000 VIDY, based on the number of votes from each participant.
Airdrop allocation per winning vote = (1 / Total number of votes received by the winner) X Total Airdrop Pool.
User Vote Calculation
Users will be able to receive up to a maximum of 10 votes based on their daily average BNB holdings (represented by X below) over the 9-day period leading up to the vote.
For example, 50 ≤ X < 100 means that your average BNB balance over the entire specified period is kept at 50 BNB or more, but does not exceed 100 BNB.
| Daily Average BNB balance (X) |
No. of Votes |
| 50 ≤ X < 100 |
1 |
| 100 ≤ X < 150 |
2 |
| 150 ≤ X < 200 |
3 |
| 200 ≤ X < 250 |
4 |
| 250 ≤ X < 300 |
5 |
| 300 ≤ X < 350 |
6 |
| 350 ≤ X < 400 |
7 |
| 400 ≤ X < 450 |
8 |
| 450 ≤ X < 500 |
9 |
| >=500 |
10 |
Average BNB Holdings Calculation
An example of the average BNB holdings calculation for each user is below.
| Day |
Average BNB Holdings on each Day |
| 2019/10/01 |
100 BNB |
| 2019/10/02 |
100 BNB |
| 2019/10/03 |
100 BNB |
| 2019/10/04 |
100 BNB |
| 2019/10/05 |
120 BNB |
| 2019/10/06 |
120 BNB |
| 2019/10/07 |
150 BNB |
| 2019/10/08 |
150 BNB |
| 2019/10/09 |
150 BNB |
| 9 Day Average BNB Holdings |
(100 + ... + 120 + … + 150) / 9 = 121 BNB |
| Total Eligible Votes |
2 Votes |
For a more detailed overview of the Community Vote reboot, read our blog post here.
Terms & conditions:
Thanks for your support!
Binance Team
2019/09/30
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