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icon-briefcase Platform: XLM
Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.
Binance will start staking their Stellar (XLM) cold and hot wallets, starting from July 20, 2019 and will automatically airdrop staking rewards monthly to XLM holders. An additional 9,500,000 XLM from prior staking activities will also be distributed to XLM holders. To qualify for staking rewards simply hold a minimum of 10 XLM in your Binance wallet and receive free XLM based on the total staking rewards by Binance. Staking is done automatically by Binance, so there’s no manual action required.