Binance Will Support Elrond (ERD) Staking

BinanceIssued on 2019/10/09 21:10    Content based on the original text . Link

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 15th 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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