After discussing with the VeChain (VET) team, Binance will support the distribution of VTHO to VET holders. The VTHO will be distributed on a monthly basis, but calculated based on daily snapshots of each user’s VET balance.
Daily VTHO generated by each user = Daily total VTHO generated by Binance * User VTHO holdings ratio1
1User VTHO holdings ratio = User VET holdings / Total VET held on Binance
- VET balances under 1 VET (including those in trade orders) will not be included into the daily VTHO calculations.
- VTHO generation is calculated daily but distributed monthly. Distributions will be completed before the 5th of each month.
- Binance will begin calculating VTHO from 2018/07/23.
For further details on the exact calculation methodology, please refer to Page 38 of VeChain Development Plan and Whitepaper.
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