Komodo will bring about the anonymity of Zcash along with the NXT style PoS security, the witness based consensus system inspired by Bitshares, and the security and reliability of the Proof of Work Bitcoin Blockchain, which is a tested and proven system kept by thousands of nodes.
Binance will start staking their Komodo (KMD) cold and hot wallets, starting from July 24, 2019 and will automatically airdrop staking rewards monthly to KMD holders. An additional 250,000 KMD from prior staking activities will also be distributed to KMD holders. To qualify for staking rewards simply hold a minimum of 1 KMD in your Binance wallet and receive free KMD based on the total staking rewards by Binance. Staking is done automatically by Binance, so there’s no manual action required.