Binance NFT Marketplace Introduces More Flexibility to the Ape NFT Staking Program

NFT

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance NFT is pleased to announce the increase in Flexible Term APR for the Ape NFT Staking Program, which will now match the APR of 90-day Fixed Term subscriptions, effective from 2023-03-14 10:00 (UTC).

This introduces more flexibility to the Ape NFT Staking Program, as users may now stake or unstake their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs from the program at any time while earning higher ApeCoin (APE) rewards daily. To support this new initiative, users who are currently staking their BAYC and MAYC NFTs for a Fixed Term of 30, 60, or 90 days in the program, may opt to unstake their NFTs via the one-off quick redemption channel from 2023-03-14 10:00 (UTC) to 2023-03-21 23:59 (UTC).

Please note that Binance NFT will also be phasing out Fixed Term subscriptions in the program, which will no longer be available from 2023-03-14 10:00 (UTC). Existing Fixed Term subscriptions will not be affected, and Ape NFTs locked in Fixed Term subscriptions will be automatically converted to a Flexible Term subscription upon maturity, where users will continue to earn APE daily rewards.

Notes:

• Users must click the [Unstake] button on the Ape NFT Staking Program page to successfully unstake their NFTs.
• All unstaking requests submitted between 2023-03-14 10:00 (UTC) and 2023-03-21 23:59 (UTC) will be processed at 00:00 (UTC) the following day. The Ape NFTs will then be unstaked and returned to users’ accounts within 48 hours.
• APE daily rewards are subject to the real-time APR displayed on the Ape NFT Staking Program page. Please check the Ape NFT Staking Program page for the latest APR.
• Users who unstake their Ape NFTs from Fixed Term subscriptions via the redemption channel will receive APE daily rewards that are calculated as of 23:59 (UTC) on the same day they submit their unstaking request.

Check Out the Ape NFT Staking Program Now!

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Guides and Related Materials:

• Frequently Asked Questions on the Ape NFT Staking Program
• How to Deposit NFT on Binance
• How to Find Your NFT Contract Address
• How to Sell NFTs on Binance NFT Marketplace
• How to List NFTs in Bulk on Binance NFT Marketplace

Terms & Conditions:

• The Ape NFT Staking Program will be subject to local restrictions, where applicable.
• Only users who have completed identity verificationwill be eligible to participate in the Ape NFT Staking Program. Users who have not completed identity verification, illegally bulk registered account holders and users from restricted countries/regions are not allowed to participate. For more, please refer to Binance Terms of Use, Binance NFT Marketplace Terms of Conditions, and the Binance NFT Staking Terms.
• APE daily rewards will be automatically distributed to users’ Spot wallets between 00:00 and 08:00 (UTC) on the following day after users stake their Ape NFTs.
• APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. The specific APR is subject to the page display on the day.
• Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
• Binance reserves the right to cancel or amend the Program or Program rules at its sole discretion.
• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.