Binance Launches Tezos And Cosmos Staking Program – Hold Tezos (XTZ) And Cosmos (ATOM) To Earn Rewards

Binance Launches Tezos And Cosmos Staking Program - Hold Tezos (XTZ) And Cosmos (ATOM) To Earn Rewards

Binance Launches Tezos And Cosmos Staking Program – Hold Tezos (XTZ) And Cosmos (ATOM) To Earn Rewards

Binance will add support for Tezos (XTZ) staking starting from 2019/12/04 and Cosmos (ATOM) staking starting from 2019/12/05. Binance will distribute XTZ staking and ATOM staking rewards as detailed below:

Binance Launches Tezos And Cosmos Staking Program:

Binance Launches Tezos (XTZ) Staking Program

  • Starting from 2019/12/04, Binance will begin taking hourly snapshots of user XTZ balances at 00:00 AM UTC.
  • XTZ Staking distribution will be calculated as follows:
    XTZ generated by each user = Total XTZ staking rewards received by Binance * User XTZ holdings ratio.
    User XTZ holdings ratio = User XTZ holdings / Total XTZ staked by Binance.
  • Users must hold at least 1 XTZ in order to qualify for staking rewards.
  • The initial distribution of XTZ staking rewards will be calculated up until 2019/12/19, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
  • Since XTZ rewards mature after 7 cycles (roughly 3 weeks) of staking, rewards will be distributed prior to the 20th day of the following month in which the rewards began to accrue.
  • For example, users who deposit XTZ between 2019/12/04 and 2019/12/19 will receive their first distribution by 2020/01/20. Users that deposit XTZ between 2019/12/20 and 2020/01/19 will receive their distribution of rewards by 2020/02/20.

Binance Launches Cosmos (ATOM) Staking Program

  • Starting from 2019/12/05, Binance will begin taking hourly snapshots of user ATOM balances at 00:00 AM UTC.
  • ATOM staking distribution will be calculated as follows:
    ATOM generated by each user = Total ATOM staking rewards received by Binance * User ATOM holdings ratio.
    User ATOM holdings ratio = User ATOM holdings / Total ATOM staked by Binance.
  • Users must hold at least 0.5 ATOM in order to qualify for staking rewards.
  • The initial distribution of ATOM staking rewards will be calculated up until 2020/01/01, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
  • ATOM rewards are calculated daily (hourly snapshots) and distributed monthly. Distributions will be completed before the 20th of each month.

Move your coins to Binance exchange 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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