Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.
Binance Ecosystem Rewards – $16,000,000 Airdrop of Swipe Wallet $SXP tokens $BNB holders on Binance.
Also, A total of 4,000,000 $SXP tokens will be airdropped to BNB holders over a 12 week period and be allocated weekly based on each Binance users’ average daily BNB holdings.
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Starting 2020/08/17 00:00 UTC, Binance will begin taking live snapshots of user BNB balances to calculate each users’ weekly average BNB holding amount held on Binance.com.
Weekly average BNB holding amounts will be determined as the average of the 7 days, using the daily BNB calculation rules stated here.
BNB holding distribution will be calculated as follows:
333,333.33 SXP rewards received by Binance each week * User BNB holdings ratio.
Each User’s Weekly BNB holdings ratio = Each User’s Daily Average BNB holdings over each week / Daily Average of Total User BNB holdings held on Binance.com over each week.
Users must hold a weekly average of at least 0.1 BNB or more in order to qualify these rewards.
SXP rewards are calculated and distributed weekly. The distribution will be completed on Binance.com within 3 days of the end of each weekly period.
Please note: The SXP distribution will be from the existing circulating supply and bought from the market, thus this program will not increase any circulating supplies.
Users will be able to check receipt of their airdropped SXP via Account Center > Wallet > Distribution History.
For more details check their official post Here .