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Binance, the world\u2019s biggest crypto exchange by volume, has announced a staking program exclusive to APE NFT holders. Users are entitled to stake their\u00a0Bored Ape Yacht Club<\/a>\u00a0(BAYC) and\u00a0Mutant Ape Yacht Club<\/a>\u00a0(MAYC) NFTs to earn daily ApeCoin (APE) rewards.<\/p>\n In the near future, Binance will also launch a staking program for the\u00a0Bored Ape Kennel Club<\/a>\u00a0(BAKC) NFTs. Furthermore, there\u2019s a unique new activity for the owners of APE NFTs who list their assets for sale on the Binance NFT Marketplace during the activity period.\u00a0<\/p>\n The exact launch date of the APE staking program is yet unknown. In the meantime, NFT holders from the mentioned collections can\u00a0begin depositing the APE NFTs to Binance<\/a>. It\u2019s also possible to purchase them from the Binance NFT marketplace.\u00a0<\/p>\n You must have completed the\u00a0Binance Identity Verification<\/a>\u00a0process to qualify for the program. Note also that users from the\u00a0restricted<\/a>\u00a0regions aren\u2019t eligible for the program.\u00a0<\/p>\n At the time of writing, a user can\u00a0stake<\/a>\u00a0up to 30 NFTs from the APE ecosystem. The program enables users to stake NFTs for a fixed term or flexible term. Available fixed terms are 30, 60, or 90 days.\u00a0<\/p>\n Users are allowed to redeem their staked NFTs before the end of the terms. In this case, depending on the option they chose in the first place, they have to wait between 48 hours to seven days in order to receive their NFTs. In addition, while NFTs are staked, they\u2019re not allowed to list them on the marketplace.\u00a0<\/p>\n Users can start earning rewards the next day after they stake the NFTs. The cryptocurrency exchange will distribute ApeCoin rewards to users\u2019 Binance spot wallets daily between 00:00 and 08:00 (UTC). The APR (annual percentage rate) will be calculated on a daily basis as well. Users will be able to follow the daily APR on the\u00a0APE staking program page<\/a>\u00a0once it goes live.\u00a0\u00a0<\/p>\n Binance shared another announcement regarding an activity that will entice APE NFT holders into listing their NFTs for sale on the\u00a0Binance NFT marketplace<\/a>. Owners of all three APE collections (BAYC, MAYC, and BAKC) can take part in this activity. However, users should list during the specified period and take notice of other eligibility requirements. For one, users can only list their NFTs for sale using a\u00a0fixed-price<\/a>\u00a0option. Moreover, they\u2019re not allowed to list an NFT above 1.1 times the floor price of the associated collection.\u00a0<\/p>\n The activity period is 2022-12-06 00:00 (UTC) to 2022-12-31 23:59 (UTC). Binance will take a daily snapshot of all eligible listings during this period. To qualify for these daily snapshots, users must list their NFTs for at least 24 hours on the Binance NFT marketplace.\u00a0<\/p>\n Binance organized a rewards pool of 10,000 ApeCoins for this activity. It will distribute the rewards depending on the total number of eligible listings calculated every day from the snapshots. For instance, if the daily total eligible listings are between 500-2000, the total rewards pool will be 6,000 ApeCoins. Should the qualified listings exceed 5,000 in total, the pool will be 10,000 ApeCoins.<\/p>\n The number of permitted entries to the reward pool will depend on the number of users\u2019 eligible NFT listings and the corresponding NFT collection. While a user with one eligible BAYC NFT listing qualifies for 10 entries, a user with one eligible MAYC NFT qualifies for two. The holders of one eligible BAKC NFT listing are entitled to one entry.\u00a0<\/p>\n Binance will distribute the rewards within three weeks after the activity ends.\u00a0<\/p>\n To stay updated with the latest news regarding the APE NFT staking and the listing activity, you can follow Binance NFT on\u00a0Twitter<\/a>\u00a0and\u00a0Instagram<\/a>\u00a0or join the community on\u00a0Telegram<\/a>.\u00a0<\/p>\n<\/div>\nDetails of the APE staking program<\/strong><\/h2>\n
Daily ApeCoin (APE) staking rewards<\/strong><\/h2>\n
About the APE NFT listing activity<\/strong><\/h2>\n
Total rewards pool in Apecoin<\/strong><\/h2>\n