Binance Alpha has outlined how rewards tied to 4Stock holdings will be distributed across Binance Wallet and Alpha 2.0 accounts. For users holding through Binance Wallet, rewards will be distributed automatically by Four Meme under its own distribution rules and sent on-chain to users’ Binance Wallet addresses in the form of BNC4. For Alpha 2.0 holders on the centralized exchange side, Four Meme’s rewards will first be sent to the Binance Alpha treasury contract address, after which Binance Alpha will calculate token holdings through daily random snapshots and distribute rewards on a monthly basis. Eligible users will receive rewards for the previous month at the beginning of the following month in their spot accounts. The notice also sets a minimum daily holding threshold: only balances above 10,000 4Stock on a given day count toward effective holdings for that day. A user’s monthly effective holding is defined as the sum of all daily effective holdings during the month. Monthly rewards will then be allocated based on each user’s share of the total effective holdings among all eligible users. Binance said 4Stock rewards will be paid in BNCB, with 1 BNCB treated as equal to 1 BNC4 for reward calculation purposes.
Binance Alpha on Sept. 22 published the distribution rules for rewards tied to 4Stock holdings.
Different rules for Binance Wallet and Alpha 2.0 holders
According to the notice, users holding through Binance Wallet will receive rewards directly from Four Meme under its distribution rules. The rewards will be sent automatically in BNC4 to the user’s on-chain Binance Wallet address.
For Alpha 2.0 holders on the CEX side, Four Meme’s rewards will be sent in a unified manner to the Binance Alpha treasury contract address. Binance Alpha will then use daily random snapshots to calculate token holdings and distribute rewards on a monthly basis.
Timing and calculation of effective holdings
Eligible users will receive rewards corresponding to the previous month at the beginning of the next month, with the payout credited to their spot accounts.
The notice said a user’s 4Stock balance must exceed 10,000 on a given day to count as an effective holding for that day. A user’s monthly effective holding is defined as the sum of effective holdings across all days in that month.
How monthly rewards will be allocated
Monthly rewards will be distributed based on each user’s proportion of the token’s total effective holdings among all qualified users.
Binance Alpha said 4Stock rewards will be paid in BNCB. For calculation purposes, 1 BNCB will be treated as equivalent to 1 BNC4.
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