Wednesday, July 24, 2019

Komodo (KMD)

  1. Sign up for the Binance
  2. Hold a minimum of 1 KMD in your Binance wallet
  3. Starting from July 24, 2019, Binance will begin taking daily snapshots of user KMD balances at 00:00 AM UTC
  4. KMD staking distribution will be calculated as follows:
    1. KMD generated by each user = Total KMD staking rewards received by Binance * User KMD holdings ratio.
    2. User KMD holdings ratio = User KMD holdings / Total KMD staked by Binance.
  5. Users must hold at least 1 KMD in order to qualify for staking rewards
  6. The initial distribution of KMD staking rewards will be calculated up until September 1, 2019, with the total amount distributed equal to the staking rewards accrued on holdings during the period
  7. KMD rewards are calculated daily and distributed monthly. Distributions will be completed before the 5th of each month
  8. Additional 250,000 KMD from prior staking activities will also be distributed to KMD holders based on their average daily holdings
  9. For more information see this Binance post

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