Post
Topic
Board Speculation (Altcoins)
Re: Binance: $BNB The Future of Exchanges.
by
george_crypto
on 19/08/2018, 16:00:32 UTC
Will Binance move to the new Monthly NPXS Token Unlock Program after 1st September 2018 or will it stay on the current system, until further notice ?

NPXS say to start keeping NPXS in your ERC 20 wallet, but which wallet is the best for this (other than MEW).
https://medium.com/pundix/the-new-npxs-monthly-unlocked-token-mechanism-will-start-in-september-2018-35661e43c9d9

Haven't heard anything from Binance, but I'll withdraw to my wallet before end of the month.

I read the article again and it clearly stated that 31.August will be the final snapshot where exchanges are supported, so sooner or later you will have to move them to you ERC-20 wallet anyway. Anyone know how much % is the airdrop, I heard 7% of your overall token but that seems very high. Wonder how long they can sustain that...

I think the article implies that exchanges will use the 'old' system to distribute the NPXS interest (which is curently around 7%) after 1st September, but the distributed amount may not be what you expected.
From the article "Keeping NPXS in an exchange cannot guarantee you to receive the proper amount of the monthly unlocked tokens as described above due to technical limitations when executing the new mechanism."

I think moving NPXS to an ERC20 wallet is the safest option.

Exactly, and I don't it will be fair if they continue to distribute tokens with old method.