Binance Exhange Launches Pundi X (NPXS) Monthly Token Unlock Program

Earlier this month, Binance Cryptocurrency exchange held their 7th Community Coin of the Month and revealed the winner, Pundi X (NPXS).

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 Will Support #NPXS Monthly Token Unlock Programhttps://t.co/34k44zN4jz pic.twitter.com/0XOWCr4Lyl

— 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.