SXP x BNB
Binance announced the $16,000,000 SXP airdrop program to BNB holders on Binance.com.
The Binance Ecosystem Reward program aims to provide greater access and awareness to projects within the Binance Ecosystem, of which Swipe is the first.
A total of 4,000,000 SXP tokens (~$16,000,000 based on today’s price) will be airdropped to BNB holders over a 12 week period and will be allocated weekly based on each Binance users’ average daily BNB holdings in each respective week.
Step by step guide
Starting 2020/08/17 00:00 UTC, Binance will begin taking live snapshots of user BNB balances to calculate a weekly average BNB holding amount held on Binance.com.
- Weekly average BNB holding amounts will be determined as the average of the 7 days.
- Ratio: 333,333.33 SXP rewards received by Binance each week * User BNB holdings ratio.
- Each User’s BNB holdings ratio = Each User’s BNB holdings / Total User BNB held on Binance.
- Users must hold a weekly average of at least 0.1 BNB in order to qualify these rewards.
- SXP rewards are calculated and distributed weekly. Distribution will be completed on Binance.com within 3 days of the end of each weekly period.
- Users will be able to check receipt of their airdropped SXP via Account Center > Wallet > Distribution History.
More information can be found here