Step 1: Identify eligible property
- Check your HMSTR token balance.
- Ensure that you meet the minimum possession requirements.
Step 2: Calculate the reward rate
- Check the current rewards rate (eg. 5% APY).
- Consider any bonus rates or promotions.
Step 3: Calculate the reward amount
- Multiply your qualifying holdings by the rewards rate.
- Example: 1000 HMSTR x 5% = 50 HMSTR bonus.
Step 4: Verify reward distribution
- Check the reward distribution schedule (e.g. daily, weekly).
- Make sure you understand the vesting periods or lock-up periods.
Example of calculation:
- Eligible property: 1000 HMSTR
- Reward rate: 5% APY
- Reward amount: 50 HMSTR
- Distribution schedule: Daily
Daily Rewards: 50 HMSTR / 365 ≈ 0.137 HMSTR daily
Keep in mind:
- Bonus rates and distribution schedules may change.
- Always check official sources for updates.#MarketDownturn #BinanceTurns7 #TopCoinsJune2024 $WIF $WLD $TON