Binance Added Tron (TRX) in Staking Program
The world's largest cryptocurrency exchange Binance has added a new cryptocurrency to its stacking program. Binance will start support for Tron (TRX) in its stacking program from 1st October 2019. To take advantage of Binance stacking program, you have to hold at least 5 Tron (TRX). For distribution of Tron (TRX) staking, there will be a daily calculation and the distribution of reward will be monthly which will be distributed by the 10th of every month.
To know more about Binance Staking, read this article - https://steemit.com/binance/@sp1652169/binance-leading-cryptocurrency-exchange-starts-staking
According to Binance Announcement, the distribution of the staking reward will be calculated as follows-
- TRX generated by each user = Total TRX staking rewards received by Binance * User TRX holdings ratio
- User TRX holdings ratio = User TRX holdings / Total TRX staked by Binance
Thanks for reading,
Satya
@sp1652169
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