Cryptocurrency exchange Binance will add support for EOS staking, iHodl Russia has learned.
The EOS stacking feature will be available on March 13.
Starting from 2020/03/13 at 00:00 AM UTC, Binance will reportedly begin taking live snapshots of user EOS balances. Users should have at least 0.25 EOS to participate in the stacking program. Rewards will be paid out every month starting from April 30th.
The first billing period will last from March 13 to April 15.
Further payments will be made until the 20th day of each month. Each user’s share in the EOS reward pool will be calculated as the total amount of rewards earned by Binance, multiplied by the user ratio in the total amount of EOS provided for staking.
According to Binance estimates, the annual return on EOS staking will be 1-3%.
Also, Binance announced the addition of stablecoins BUSD and USDT to the service of instant purchase of digital assets using Visa cards. In addition, the exchange added support for BNB/BULL and BNB/BEAR trading pairs from the FTX exchange.
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