Today, Binance announces they are going to support the Pundi X (NPXS) Monthly Token Unlock Program. They will be distributing tokens to NPXS holders based on a monthly snapshot taken at the end of each month. Tokens will be paid out on the 14th of every month.
— Binance (@binance) June 27, 2018
The rules are simple, as long as you hold more than 1 NPXS during the snapshot you can receive your share. There will be 31 total stages (monthly payouts) with varying percentages being distributed.
- Stages 1-7 = 7.316%
- Stages 8-19 = 2.11637%
- Stages 20-31 = .88187%
As an example, if you hold 1000 tokens at the end of the month, on the 14th you would be paid out 73.16 NPXS during stages 1 through 7.
it clearly has Crypto enthusiasts excited
7.3% every month people must hate money if they dont own any $npxs
— bannedfromtheblockchain (@mikeski666) June 27, 2018
To read full details, you can see the blog post here.