Binance Will Support Troy (TROY) Staking

     |      2020-03-03

Fellow Binancians,

Binance will be adding support for Troy (TROY) staking starting from 2020/03/04 and will distribute TROY staking rewards as detailed below:

Monthly TROY Staking Airdrop Program

  • Starting from 2020/03/04 at 00:00 AM UTC, Binance will begin taking live snapshots of user TROY balances.
  • TROY Staking distribution will be calculated as follows:
    TROY generated by each user = Total TROY staking rewards received by Binance * User TROY holdings ratio.
  • User TROY holdings ratio = Average user TROY holdings / Average total TROY staked by Binance.
  • Users must hold at least 250 TROY in order to qualify for staking rewards.
  • The initial distribution of TROY staking rewards will be calculated through to 2020/03/31, with the total amount distributed equal to the staking rewards accrued during the period.
  • TROY 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.

Thank you for your support!

Binance Team

2020/03/03

 

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