Binance will be adding support for TomoChain (TOMO) staking starting from 2020/04/18 and will distribute TOMO staking rewards as detailed below:
Monthly TOMO Staking Airdrop Program
- Starting from 2020/04/18 at 00:00 AM UTC, Binance will begin taking live snapshots of user TOMO balances.
- TOMO Staking distribution will be calculated as follows:
TOMO generated by each user = Total TOMO staking rewards received by Binance * User TOMO holdings ratio.
- User TOMO holdings ratio = Average user TOMO holdings / Average total TOMO staked by Binance.
- Users must hold at least 5 TOMO in order to qualify for staking rewards.
- The initial distribution of TOMO staking rewards will be calculated through to 2020/05/31, with the total amount distributed equal to the staking rewards accrued during the period.
- TOMO rewards are calculated daily and distributed monthly. Distributions will be completed before the 20th 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.
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