Stellar Poloniex Inflation

Interesting INFO

 

On 05/06/2019 Poloniex announced that it will conduct a weekly Stellar inflation snapshot every Monday at 8 pm Eastern Time and eligible users will receive their Stellar inflation distribution every Tuesday. It is a free service offered by Poloniex & Circle to allow Poloniex users to benefit from the unique properties of the Stellar network while maintaining the ability to trade.

Stellar has a unique inflationary mechanism that issues new lumens to existing holders based on a weekly vote. Lumen holders vote on which addresses the Stellar protocol should distribute inflation to by voting for a specific destination address. 1 lumen = 1 vote. Any destination address that receives at least .05% of the weekly votes will receive inflation rewards proportional to the number of votes submitted.

How much will I receive?

Rewards are distributed proportionally to the total amount of Stellar Lumens you own in Poloniex. For example, if you own 1% of the total Stellar balance in Poloniex when the snapshot occurs on Monday, you will receive 1% of the total inflation rewards received from that week's voting on Tuesday.

If you have few it won't be much but it will always be better than nothing.

TL.


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