Binance.US will launch staking rewards for Harmony (ONE) on Thursday, October 22nd, 2020, at 9:00 am EST / 6:00 am PST. No action is needed for users already holding Harmony (ONE) in their wallet to begin earning rewards. ONE/USD and ONE/USDT trading pairs are already available to trade on the Binance.US app, website, and API.
Binance.US takes hourly snapshots of the user’s ONE balances to calculate rewards. Rewards are calculated daily and distributed monthly. Distributions for ONE will be completed before the 20th of each month.
Daily ONE generated by each user = Daily total ONE generated by Binance.US * User ONE holdings ratio1
- ONE balances under 10,000 ONE (including those in trade orders) will not be included into the daily ONE calculations.
- ONE generation is calculated daily but distributed monthly. Distributions will be completed before the 15th of each month.
- Binance.US will begin calculating ONE from 10/22/2020.
1User ONE holdings ratio = User ONE holdings / Total ONE held on Binance.US