Binance want to give away Stellar lumens (XLM) in the value of around 745.000 euros to its Community. The world’s leading crypto exchange has received – even unnoticed – a considerable amount of Staking Rewards of Stellar and wants to pay them out now to users that hold the Token. In the future, Binance will also have the Punting of XLM.
Brigitte Bernhardt
19. July 2019BTC$10.465,00 -1.53%part Facebook Twitter LinkedIn xing mail
The Japanese Bitcoin exchange Binance in a blog post on the 18. July is known to assist in the Staking of the crypto-currency Stellar Lumens (XLM). In the past, it was on Binance Rewards for Keeping Coins: for NEO in the Form of GAS, for Ontology ONG and VeChain VTHO. Now one of the Top 10 currencies, with a further Stellar, according to Coinmarketcap. The Start of the monthly Stellar Rewards in the 20’s. July 2019. The premiums are calculated on a daily basis and on a monthly basis up to 5. one month paid. The minimum Deposit is 10 XLM.
Stellar Token as a gift!
in Addition to this new Service Binance announced an Airdrop of approximately 9.5 million XLM (around 745.000 euros). This sum was generated by the company itself by Staking – without intending it. Because the Exchange was only followed a recommendation from the stellar teams by August 2018, to change some of the parameters in Cold and Hot Wallets. In this way, Binance week was a week of Staking Rewards. Within less than a year, a considerable amount came together, and this will give the stock exchange to their customers.
Specifically, the distribution looks as follows:
From the 20. July 2019 created Binance daily Snapshots of the XLM credit of its users, in order to calculate the potential Pro-rata Rewards.The participants must have at least 10 XLM in order to qualify for the action.The first distribution of the XLM Rewards on 1. September, 2019. The payment of the Airdrops of additional 9.5 million XLM coincides with the first distribution of Rewards according to the average days in the user inventory.The users get their first XLM Rewards for the first 40 days of the deployment, together with their share in the Pool of 9,500,000 from XLM.Although the Staking Rewards have changed over time, as the stock is grown in the Wallets, users have the XLM, the first dividend with an amount that corresponds to a Staking Reward of about 10 to 12 months. Fast and cost-effective money
The main objective of Stellar.org are faster and cheaper transactions. In the XLM itself should be mostly acted in the Background. The Stellar network is used, more liquidity between currencies to provide.
In the course of its commitment to cost-effective financial services Stellar.org has given away since January of 2018, more than 8 billion lumens. The organizations are working continuously to extend the reach of the network. In this way, one day, people around the world should have the opportunity XLM can use.
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