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Crypto exchange Binance adds Venezuela Bolivar in P2P trading, supports TOMO staking

Image by Binance from Twitter

Mon, 20 Apr 2020, 10:48 am UTC

Crypto exchange Binance made another update on its platform to give a better service to its customers.

Binance announced that it has added support for the Venezuela Bolivar (VES) peer-to-peer (P2P) trading against Bitcoin (BTC), Tether (USDT), Ethereum (ETH), BNB, Binance USD (BUSD) and EOS with zero transaction fees.

Binance is looking for local P2P merchants who have a stabnle source of cryptocurrencies and VES. Merchants can profit by offering VES and cryptocurrency trades and enjoy tailored benefits including zero security deposit, zero transaction and ad fees, VIP discounts and exclusive customer support.

Meanwhile, Binance also added support for TomoChain (TOMO) staking from April 18 and will distribute TOMO staking rewards in a monthly TOMO staking airdrop program.

Binance will begin by taking live snapshots of users’ TOMO balances. The TOMO staking distribution will be calculated as follows.

  • TOMO generated by each user = Total TOMO staking rewards received by Binance * User TOMO holdings ratio.
  • User TOMO holdings ratio = Average user TOMO holdings / Average total TOMO staked by Binance.

Users must hold at least 5 TOMO to qualify for the staking rewards. The initial distribution of TOMO staking rewards will be calculated through May 31 with a total amount distributed equal to the staking rewards accrued during the period.

The TOMO rewards are calculated daily and distributed monthly. The distribution will be completed before the 20th of each month.

Users can move their coins to Binance from anywhere and enjoy hassle-free staking rewards. Binance supports various rewarded coins including ARPA, Troy, EOS, Lisk, THETA, LOOM, KAVA, and more.

Just recently, Binance announced that it also added Ark (ARK) staking on its platform. ARK staking rewards are distributed monthly via its ARK staking airdrop program.

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  • Mikewill12
  • 2020.05.11 15:24:20
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