Fellow Binancians,
To engage the ApeCoin (APE) community, Binance NFT is pleased to announce the Ape NFT Staking Program, scheduled to launch on 2022-12-12 (UTC). The actual launch time is subject to change, and we will notify users on Binance NFT’s Twitter.
Highlights of Ape NFT Staking Program
Users may start depositing their Ape NFTs to Binance using the newly optimized deposit process to prepare for the program’s launch, or purchase Ape NFTs at the Binance NFT Marketplace. Binance NFT will be organizing a separate activity for Ape NFT holders who list eligible Ape NFTs for sale on the Binance NFT Marketplace, with 10,000 APE up for grabs.
Check Out the Ape NFT Staking Program Now!
For more information on the Ape NFT Staking Program, please refer to the FAQ. Full details on the Ape NFT Staking Program will be available on the program page by 2022-12-12 (UTC).
Activity: List Ape NFTs for Sale at Binance NFT Marketplace to Share 10,000 APE in Rewards
Activity Period: 2022-12-07 00:00 (UTC) to 2022-12-31 23:59 (UTC)
Snapshot Period: Daily
During the activity period, all users who list fixed-price NFTs from the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC) NFT collections for sale on Binance NFT Marketplace, will be eligible to share a total rewards pool of up to 10,000 APE in rewards.
To qualify for rewards, users should list eligible Ape NFTs at a price that is less than or equal to 1.1 times the NFT Floor Price of the corresponding Ape NFT collection. A daily snapshot of all eligible NFT listings will be taken during the activity period, where each eligible NFT listing will entitle the respective NFT holders to entries to the total rewards pool unlocked.
The number of entries received by each eligible BAYC, MAYC, and BAKC NFT listing is determined by their relative NFT Floor Prices. All qualified users will share the corresponding rewards pool unlocked based on the number of entries collected by each qualified user as a proportion of the total number of entries collected by all qualified users.
Rewards Calculation:
The reward for each qualified user = (Number of entries by each qualified user / Total number of entries by all qualified users) * Total rewards pool unlocked
Dynamic Rewards Pool:
Qualified users can stand to share a total rewards pool of up to 10,000 APE, depending on the total number of eligible Ape NFT listings during the activity period.
Total Number of Eligible Ape NFT Listings | Total Rewards Pool (in APE) |
< 500 | 5,000 |
500 - 2,000 | 6,000 |
2,001 - 5,000 | 8,000 |
> 5,000 | 10,000 |
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Thanks for your support!
Binance Team
2022-12-06
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement and the terms hereunder at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Daily Rewards and APR are an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Daily Rewards and APR are adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.