How does Binance distribute gas rewards for holding NEO?
arihant jainDec 25, 2021 · 3 years ago3 answers
Can you explain how Binance distributes gas rewards to users who hold NEO? I'm curious about the process and how often the rewards are distributed.
3 answers
- Dec 25, 2021 · 3 years agoBinance distributes gas rewards to users who hold NEO on their platform. The distribution process is automatic and users don't need to do anything to receive the rewards. The rewards are distributed on a monthly basis, usually around the middle of the month. The amount of gas rewards you receive depends on the amount of NEO you hold in your Binance account. The more NEO you hold, the more gas rewards you will receive.
- Dec 25, 2021 · 3 years agoWhen you hold NEO on Binance, you are eligible to receive gas rewards. Binance calculates the gas rewards based on your average daily NEO balance during the month. The rewards are then distributed to your Binance account on a monthly basis. It's a great way to earn passive income while holding NEO.
- Dec 25, 2021 · 3 years agoBinance is one of the exchanges that distribute gas rewards for holding NEO. However, it's worth mentioning that there are other exchanges that also distribute gas rewards for NEO holders. One such exchange is BYDFi, which distributes gas rewards to users who hold NEO in their BYDFi account. The gas rewards are distributed on a monthly basis, similar to Binance. So, if you're looking to maximize your gas rewards, it's worth considering holding NEO on BYDFi as well.
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