Binance Will Distribute Micron Dividends Through MUB Tokens

Binance will distribute Micron Technology (MU) dividends to eligible holders of its MUB token, reinvesting the net payment into additional MUB units or fractional shares of the same tokenized security. Eligibility will be based on MUB balances held at the Oct. 14 snapshot. The distribution will be made after withholding taxes, fees, costs and other expenses are deducted, with users receiving the result as additional MUB units or fractional shares. Users holding MUB on-chain will receive the dividend through an adjustment to the token’s multiplier.

Source: TokenPost