All Binance users that hold NPXS in their accounts are eligible for the NPXS Monthly Token Unlock Program. Specific rules and calculations are listed below:
Daily NPXS generated by each user = Daily NPXS generated by Binance * Daily User NPXS holdings ratio.
Daily user NPXS holdings ratio = Daily User NPXS holdings / Total NPXS held on Binance
- Unlocked NPXS tokens are calculated daily and combined to be distributed monthly. Distributions will be completed before the 15th of each month.
- Users with a balance of <1 NPXS (including those in trade orders) will not be included into the daily NPXS calculations.
Based on the accelerated unlock schedule implemented by the Pundi X team in Feb 2019, the final monthly distribution of NPXS to all eligible Binance users was completed on 2019/06/14 and thus has not been included in this announcement. The official announcement from Pundi X on the accelerated unlock schedule can be seen here.