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.
Weekly SXP Distribution to BNB Holders on Binance.com
- 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
- 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. 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.
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