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Binance Will Support ARPA Chain (ARPA) Staking

Binance
2020-03-05 02:58

Fellow Binancians,

Binance will be adding support for ARPA Chain (ARPA) staking, starting from 2020/03/06 and will distribute ARPA staking rewards as detailed below:

Monthly ARPA Staking Airdrop Program

  • Starting from 2020/03/06 at 00:00 AM UTC, Binance will begin taking live snapshots of user ARPA balances.
  • ARPA Staking distribution will be calculated as follows:
    ARPA generated by each user = Total ARPA staking rewards received by Binance * User ARPA holdings ratio.
  • User ARPA holdings ratio = Average user ARPA holdings / Average total ARPA staked by Binance.
  • Users must hold at least 60 ARPA in order to qualify for staking rewards.
  • The initial distribution of ARPA staking rewards will be calculated through to 2020/03/31, with the total amount distributed equal to the staking rewards accrued during the period.
  • ARPA 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

2020/03/05

 

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