announced Swipe in a press release announced a $16 million reward program for BNB holders.

The announced reward will run for 12 weeks, and will be directed to promoting the adoption and adoption of Swipe’s allocation and governance mechanisms.

The $16 million bounty program is the result of a collaboration between Binance and Swipe, with the latter promising to share at least 333,333.33 SXPs to BNB holders on the Binance trading platform on a weekly basis.

As of August 17, 2020, Binance will start taking snapshots of the balances of users and BNB holders, and the distribution of rewards will be determined using the rules and laws already defined below.

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Bonus rules:

• Users who will be automatically included in the program must possess at least 0.1 BNB.
• The average amount of BNB held will be determined by an average of 7 days.
• 333,333.33 SXP Bonuses that Binance receives every week and distributes to users.
• The distribution of BNB holdings will be calculated as follows:

BNB holdings per user = BNB holdings per user / Total users and holders of BNB on Binance.

• Users must maintain a minimum weekly average of 0.1 BNB in ​​order to qualify for these rewards.
• SXP bonuses are calculated and distributed weekly.
• Distribution on Binance will be completed within 3 days of the end of each weekly period.
• The distribution of SXP coins will be from the current circulating supply that has been purchased from the market.

Swipe continues to grow in strength and expansion across the globe, with Swipe headquartered in the Philippines, and subsidiaries in the US, UK, Canada and Singapore.

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