Get some XLM and make free money on top!
Binance exchange found almost 9,500,000 XLMs in some forgotten wallet and decided to share it with users.
Now they will be doing a cool thing, sharing parts of those with everyone who deposits at least 10 XLM. Also just for holding XLM o nthe exchange they will be staking them and giving some monthly.
Starting from July 20th, 2019, Binance will begin taking daily snapshots of user XLM balances at 0:00 AM UTC to calculate their proportional potential staking rewards.
Users must hold at least 10 XLM in order to qualify for the promotion.
The first distribution of XLM staking rewards will be on September 1st, 2019. The disbursal of the additional 9,500,000 XLM airdrop will coincide with the first distribution of XLM staking rewards, in accordance with users’ average daily holdings.
Users will receive their initial XLM staking rewards together for the first 40 days of staking, along with their proportion of this 9,500,000 XLM prize pool.
Although the staking rewards have varied over time as the wallet balances have grown, for the first distribution, users holding XLM may expect to receive a first staking reward amount equivalent to roughly 10-12 months worth of staking rewards.
So just open Binance account and deposit some XLM or ie sell some STEEM there and buy XLM to earn passive income.
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It will probably be such a small amount it will not even be worth it to most. I get Ontology Gas and BitTorrent tokens for holding ONT and TRX already from Binance though.
Great heads up as usual my friend! Love what you do. Always informative! Thank you........
I'm on this! Thanks for the heads up!!!
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That's great. I had some stellar lying around so can move it to binance now. Now much but will earn some extra either way.
I sold a chunk of steem for some xlm, I don't know how much return I'll get for 29 xlm, probably not much but better than nothing!