Binance will add support for Tezos (XTZ) staking starting from 2019/12/04. XTZ rewards will be calculated daily based on live snapshots and distributed monthly, with the first distribution to be completed before 2019/01/20. Distributions will be completed before the 20th day of each following month. Binance will distribute XTZ staking rewards as detailed below:
Monthly XTZ Staking Airdrop Program
Starting from 2019/12/04, Binance will begin taking hourly snapshots of user XTZ balances at 00:00 AM UTC.
XTZ Staking distribution will be calculated as follows:
XTZ generated by each user = Total XTZ staking rewards received by Binance * User XTZ holdings ratio.
User XTZ holdings ratio = User XTZ holdings / Total XTZ staked by Binance.
Users must hold at least 1 XTZ in order to qualify for staking rewards.
The initial distribution of XTZ staking rewards will be calculated up until 2019/12/19, with the total amount distributed equal to the staking rewards accrued on holdings during the period.
Since XTZ rewards mature after 7 cycles (roughly 3 weeks) of staking, rewards will be distributed prior to the 20th day of the following month in which the rewards began to accrue.
For example, users who deposit XTZ between 2019/12/04 and 2019/12/19 will receive their first distribution by 2020/01/20. Users that deposit XTZ between 2019/12/20 and 2020/01/19 will receive their distribution of rewards by 2020/02/20.
Historical Yield:
| Previous Date | Distribution | Date Distribution Total | Effective Annual Yield |
|---|---|---|---|
| 2019/12/04 - 2020/12/19 | 2020/01/19 | 52,135 XTZ | 7.5947 % |
Start Staking XTZ https://www.binance.com/
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