Binance Launches Elrond Staking Program – Hold Elrond (ERD) To Earn Rewards

Binance Launches Elrond Staking Program - Hold Elrond (ERD) To Earn Rewards

Binance Launches Elrond Staking Program – Hold Elrond (ERD) To Earn Rewards

Binance will add support for Elrond (ERD) staking, starting from 2019/10/10. Elrond staking rewards will be distributed as detailed below:

Binance Launches Elrond Staking 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.

You can read tutorial of Binance staking at: Binance Staking Tutorial

For More Other Staking Coins On Binance Exchange, Click – HERE

Good luck,

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