Binance Wallet Announces 4Stock Alpha User Position Reward Distribution Arrangement

BlockBeats news, September 22, according to official sources, Binance Alpha's explanation regarding the distribution arrangements for 4Stock holdings-related rewards is as follows:

For Binance Wallet holding users, rewards will be automatically distributed by Four Meme according to its distribution rules in the form of BNC4 to users' Binance Wallet on-chain addresses.

For Alpha 2.0 holding users (CEX), since Four Meme's rewards will be uniformly distributed to the Binance Alpha vault contract address, Binance Alpha will calculate token holdings through daily random snapshots and distribute rewards monthly. Eligible users' corresponding rewards for the previous month will be distributed to their spot accounts at the beginning of the following month.

Only when a user holds more than 10,000 4Stock in a single day will it be counted as the token's valid holdings for that day. A user's valid holdings for the month are the sum of their valid holdings for each day of the month. Monthly rewards will be distributed based on the proportion of a user's valid holdings to the total valid holdings of that token by all eligible users. 4Stock rewards will be distributed in the form of BNCB. For ease of reward calculation, 1 BNCB will be treated as equivalent to 1 BNC4.