Eligible Poloniex exchange users to receive Stellar inflation rewards

16 May, 2019
by Colin Hawkins
News
Eligible Poloniex exchange users to receive Stellar inflation rewards

Poloniex exchange users that hold a Stellar crypto balance are going to be able to take advantage of Stellar inflation awards through the exchange in the near future, according to an offical Poloniex press release on May 14, 2019.

This update is expected to be rolled out in the coming weeks and once enabled Stellar Lumens will be passed on to eligible customers in proportion to the amount of Stellar Lumens that account holders hold with Poloniex.

The Stellar Network is set to issue new Stellar Lumens at 1% per year to token holders who obtain 0.05% of network votes. The ratio of Stellar Lumens to votes is 1:1. They have announced that they will begin the process of voting for hot wallets using their cold storage addresses in the near future.

The Poloniex exchange announced that this addition is a part of their grand plan to allow their customers get more value out of their crypto assets.

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