Short-term surge of nearly 50%, 4Stock market cap now at $13.3 million

Odaily News: Following Binance Wallet's announcement of the 4Stock Alpha user holding reward distribution arrangement, the market cap of BNB Chain-listed stock token 4Stock now stands at $13.3 million.

Previously, Binance Alpha published the 4Stock holding-related reward distribution arrangement. Rewards for Binance Wallet holding users will be automatically distributed by Four Meme according to its distribution rules, in the form of BNC4, directly to users' Binance Wallet on-chain addresses.

For Alpha 2.0 (CEX) holding users, since Four Meme rewards will be uniformly distributed to the Binance Alpha vault contract address, Binance Alpha will calculate user holdings through daily random snapshots and distribute rewards monthly to spot accounts. Users must hold more than 10,000 4Stock in a single day for it to count as a valid holding for that day. Monthly rewards are allocated proportionally based on the ratio of a user's valid holdings to the total valid holdings of all eligible users, and are distributed in the form of BNCB, with 1 BNCB treated as equivalent to 1 BNC4 in reward calculations.