Like Binance exchange has announced its move to add support for Cosmos (ATOM) staking. As always, the announcement was published on the official website and shared on the Twitter handle of Binance exchange on 4th December 2019.
Breakdown of the Monthly Cosmos (ATOM) Airdrop
According to the information shared by Binance, it will add support for Cosmos (ATOM) staking starting from 5th December 2019 at 00:00 AM (UTC). And it will be starting with hourly snapshots of users’ ATOM balances. In order to qualify for the staking reward, users must hold at least 0.5 ATOM. The initial distribution of ATOM staking rewards will be summed up from the starting date until 1st January 2020.
Cosmos (ATOM) rewards are calculated on a daily basis with hourly snapshots and distributed monthly. According to the report, all distributions will be completed before the 20th of each month.
CZ Shares History behind Binance Logo Tattoo
Changpeng Zhao, the Binance CEO that is also known as CZ recently went down the memory lane about how Binance arm tattoo came to being about a year ago.
In an article shared on one of the exchange’s platform, CZ said it all started in Singapore during a casual dinner with two lovers of cryptocurrency and Binance exchange, Luke and Gareth.
He said, closer to the end of the dinner, a Bitcoin logo tattoo was noticed on Luke’s arm, and he was ready to add more logos of other crypto brands including Binance logo.
CZ stressed that he never had a tattoo on him before, but Luke’s bold and enthusiastic move prompted him since that moment. He also made mention of the South African born Gareth who has never had a tattoo and was not bargaining for one at that moment but later had a change of thought.
In the article, the Binance CEO digressed a bit into the history of Binance logo design, which could end up being the tool of conviction. There he referred to 16 months ago when they were deciding what logo to assign for the exchange.
He said many variations of logos were brought up by the designers, and it indeed became a mountain of decision. In the long run, CZ shared that the brilliant designers came up with an astonishing design, which later became Binance exchange’s current logo.
The short story shared by CZ at the event really motivated Gareth to turn on his interest in the Binance logo tattoo. He recalled the effort and the impact of the CEO in Africa. However, he was implored by Binance CEO to take the tattoo on his will and not under pressure.
The story behind the Binance tattoo, exactly a year ago.
Since then, I ask 2 questions to see how determined founders are: 1, are you willing to move to a different country? 2, have you tattoo'ed your logo yet?
— CZ Binance (@cz_binance) December 4, 2019
Conclusively, the three of them all went for the tattoo, including CZ Binance. It was stated in the article that Luke also tattooed his baby’s arm, including CoinMarketCap logo in full text.