Step-by-Step Guide: Create an account on Binance. Hold a minimum of 1 KMD in your Binance wallet to qualify for staking rewards. Binance will take daily snapshots starting from 2019/07/24 at 00:00 AM UTC and distribute rewards monthly. KMD staking distribution will be calculated as follows: KMD generated by each user = Total KMD staking rewards received by Binance * User KMD holdings ratio. User KMD holdings ratio = User KMD holdings / Total KMD staked by Binance. Rewards will be calculated daily and distributed on the 5th of every month. The initial distribution of KMD staking rewards will be calculated up until 2019/09/01 and the average user KMD balances will be calculated based on the daily snapshots and the staking rewards will be distributed on September 1st, 2019. An additional 250,000 KMD from prior staking activities will also be distributed to KMD holders based on their average daily holdings. Staking is done automatically by Binance, so there’s no manual action required. For more information see this Binance post.