Binance Supported ARK Staking – Hold ARK To Earn Rewards
Binance has added support for Ark (ARK) staking starting from 2020/04/15 and will distribute ARK staking rewards as detailed below:
Binance Supported ARK Staking Details
- Starting from 2020/04/15 at 00:00 AM UTC, Binance will begin taking live snapshots of user ARK balances.
- ARK Staking distribution will be calculated as follows:
ARK generated by each user = Total ARK staking rewards received by Binance * User ARK holdings ratio.
- User ARK holdings ratio = Average user ARK holdings / Average total ARK staked by Binance.
- Users must hold at least 5 ARK in order to qualify for staking rewards.
- The initial distribution of ARK staking rewards will be calculated through to 2020/05/31, with the total amount distributed equal to the staking rewards accrued during the period.
- ARK rewards are calculated daily and distributed monthly. Distributions will be completed before the 20th of each month.
— Binance (@binance) April 14, 2020
You can read tutorial of Binance staking at: Binance Staking Tutorial
Binance Supported ARK Staking – Hold ARK To Earn Rewards – Cryptokiemtien