EOS Price Nosedives after Daniel Larimer Announced His Resignation as Block.one CTO
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Binance has announced that it will add support for EOS staking. According to the report, the exchange will be distributing EOS staking starting from 13th March 2020.

Monthly EOS Staking Airdrop Program

  1. Binance exchange will start taking live snapshots of users’ EOS balances starting from 13th March 2020, at 00:00 AM (UTC).
  2. As shared by the exchange, EOS Staking distribution will be calculated as follows: EOS generated by each user = Total EOS staking rewards received by Binance * User EOS holdings ratio.
  3. User EOS holdings ratio = Average user EOS holdings / Average total EOS staked by Binance.
  4. In order to qualify for staking rewards, users must hold at least 0.25 EOS
  5. The initial distribution of EOS staking rewards will be calculated through to 30th April 2020, with the total amount distributed equals to the staking rewards accumulated during the period.
  6. EOS rewards are calculated on a daily basis and distributed monthly. The exchange will complete the distributions before the 20th of each month.

BUSD and USDT Now Available for Purchase with Visa Card on Instant Buy

In another development, BUSD and USDT are now available for instant purchase with Visa debit and credit cards

Recall that the Binance exchange instructed its users on how to use instant buy a couple of days ago. BUSD and USDT have now been added to the options for the users.

“BUSD & USDT now available for purchase with visa card on instant buy,” Binance announced.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.