Binance.US will launch staking rewards for QTUM on Tuesday, December 15, 2020, at 9:00 am EST / 6:00 am PST. No action is needed for users already holding QTUM in their wallet to begin earning rewards. QTUM/USD and QTUM/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 QTUM balances to calculate rewards. Rewards are calculated daily and distributed monthly. Distributions for QTUM will be completed before the 10th of each month.
Daily QTUM generated by each user = Daily total QTUM generated by Binance.US * User QTUM holdings ratio1
Note:
- QTUM balances under 20 QTUM (including those in trade orders) will not be included in the daily QTUM calculations.
- QTUM generation is calculated daily but distributed monthly. Distributions will be completed before the 10th of each month.
- Binance.US will begin calculating QTUM from 12/15/2020.
1User QTUM holdings ratio = User QTUM holdings / Total QTUM held on Binance.US