Binance bStocks Will Reinvest Oracle And Marvell Dividends Onchain

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Binance has outlined how dividend distribution will work for its Oracle (ORCLB) and Marvell (MRVLB) bStocks. Holders registered at the October 9 snapshot will receive the net dividend, after withholding taxes and fees, reinvested as additional fractions of the same bStock instead of a cash payment. The adjustment will be applied through a change in the token multiplier. Binance specifies that bStocks do not represent direct ownership of the underlying shares, which explains the difference from a traditional brokerage dividend. Conversion, deposits, and withdrawals will be temporarily suspended during the distribution process.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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