Frequently Asked Questions on the Ape NFT Staking Program

After staking your Ape NFT(s), your staking request will be processed and completed on the following day after 00:00 (UTC). Therefore, you will start earning daily rewards from the following day, and the rewards will be distributed to your Spot Wallet starting from the third day. You will not earn any daily reward for the first day that you stake.

The daily rewards settlement time is at 00:00 (UTC) every day. Daily rewards will be distributed to your Spot Wallet daily after each reward calculation day between 00:00 to 08:00 (UTC).

For more details, please refer to the NFT Staking Terms.

As Binance is pairing the Ape NFTs user deposited with the APE tokens in Binance Earn, the total daily rewards obtained from on-chain staking will be distributed as follows:

• Rewards calculated based on the APR of ApeCoin-only on-chain staking will be distributed to Binance Earn;
• The remaining rewards will be distributed to Ape NFT holders’ Spot Wallet.

However, Binance NFT may increase the daily rewards for Ape NFT stakers for promotional purposes. Please refer to the Ape NFT Staking Program page on the day you successfully staked your Ape NFTs to view the latest APR.

Please note that the APR and daily rewards displayed on the Ape NFT Staking Program page are subject to change on a daily basis. For more details, please refer to the NFT Staking Terms.

Due to fluctuations in the floor price of Ape NFTs and the APE price, there may be deviations in the reward interest calculations. As such, there may be cases where the floor price of the Ape NFT and the calculated APR do not match the actual interest received, resulting in deviations in the APR and daily rewards distributed to your Spot Wallet.

The APR and daily rewards displayed on the Ape NFT Staking Program page are subject to change on a daily basis.

If you selected the [Flexible] staking term, you can unstake and redeem your committed NFT assets, and your NFT will be unstaked within 48 hours.

On the day you confirm your unstaking request, your rewards for that day will be calculated until the rewards settlement time (00:00 UTC every day). After that, your unstaking request will be submitted on-chain and you will no longer earn rewards during the unstaking process (up to 48 hours for flexible terms).

In some circumstances, including but not limited to events of extreme market volatility, network delays, or a significant number of simultaneous instructions to unstake and redeem NFTs from other Binance users, the unstaking process for your NFTs may be delayed.

You can cancel your staking or unstaking request before the rewards settlement time (00:00 UTC every day) and your NFT will not be submitted on-chain to be staked or unstaked.

If your NFT status shows [Staking In Progress] or [Unstaking in Progress], you can cancel the current action before the rewards settlement time (00:00 UTC every day).

• Staking in Progress: After canceling the current staking request, your NFT can be unlocked and returned to your wallet immediately.
• Unstaking in Progress: After canceling the current unstaking request, your NFT will continue to stake on-chain and you can earn staking rewards.

For more details, please refer to the NFT Staking Terms.

1. Go to the Ape NFT Staking Program page and scroll down to [NFT]. Click [Unstake] next to the NFT you wish to unstake.

2. Click [Confirm] on the pop-up window.

Please note that it typically requires 48 hours to unstake your [Flexible] term staking NFTs. However, in some circumstances, including but not limited to events of extreme market volatility, network delays, or a significant number of simultaneous redemption instructions submitted by other Binance users, your redemption may be delayed.

3. If you change your mind, you can click [Cancel] to close the pop-up window.

4. If you want to proceed with the unstaking request, you will be redirected to the staking homepage. The status of your NFT will change from [Staked] to [Unstaking. In Progress].

If you wish to cancel your unstaking request, click [Cancel], then click [Confirm] on the [Cancel Unstaking] pop-up. Your NFT will continue to stake on-chain and you can earn staking rewards.

The status of your staked NFTs will be displayed on the Ape NFT Staking Program page.

The following are some of the NFT statuses you might see:

• Staking: Your NFT is already being staked on-chain and accumulating staking rewards. Rewards are automatically distributed to your Spot Wallet daily.
• Staking In Process: You will not receive any reward during this process. The status will change to [Staking] after the rewards settlement time of the day (00:00 UTC every day). If you cancel the staking request before the daily rewards settlement time, the request will not be processed and the NFT will be returned to your account.
• Unstaking In Process: On the day you confirm your unstaking request, your rewards for that day will be calculated until the rewards settlement time (00:00 UTC every day). After the rewards settlement time, the NFT will be unlocked and returned to your account within 48 hours (for flexible terms). However, if you cancel the unstaking request before the daily rewards settlement time, the request will not be processed and the NFT status will revert to [Staking]. This means your NFT will continue to stake on-chain and you will continue to earn staking rewards.

Staking rewards are automatically distributed to your Spot Wallet daily. You do not need to claim your rewards.

You can view the daily rewards earned from the Ape NFT Staking Program page under [My Total Rewards].

For a more detailed daily reward breakdown, scroll down to [History].

No. You have to unstake and redeem your NFT before listing it for sale on the marketplace.

Log in to your Binance account and go to Binance NFT. Once you find an Ape NFT you like, there are two ways to buy it.

Please DYOR before making any NFT purchases. Binance shall not be responsible for any loss from any sale or purchase of any NFT trade on the Binance NFT platform. For more details, please refer to Risk Warning.

Quick payment:

1. On the Binance NFT marketplace, click [Buy Now] on the NFT you want to purchase.

2. You'll be redirected to the NFT collection page. Select the NFT you want to buy, and click [Buy Now] on the NFT asset card.

3. You will see a [Confirm Payment] pop-up with the item’s details, such as price, gas fee, and royalty fee. Select the payment method (Spot or Funding Wallet) and the payment currency. Currently, we support BNB, BUSD, and ETH. Click [Confirm] to proceed.

4. Once you’ve successfully purchased the NFT, you’ll see a [Payment Successful] pop-up.

Regular payment:

1. Click the NFT you want to buy and you will be redirected to the item’s detail page. You will see a notice informing you that the NFT is from a third-party platform. Click [Buy Now].

2. You will see a [Confirm Payment] pop-up with the item’s price. Select the payment method (Spot or Funding Wallet) and the payment currency. Currently, we support BNB, BUSD, and ETH. Click [Confirm] to proceed.

Important Note: Please note that you have to pay a gas fee and it could take around 10 minutes under normal circumstances for the blockchain to process your transaction. Please confirm the transaction as soon as you can, or the quoted gas fee will expire and automatically refresh.

3. Once you’ve successfully purchased the NFT, you’ll see a [Payment Successful] pop-up.

As this is a third-party NFT purchase, the transaction may take some time to process. The actual processing time will depend on the network traffic. Please wait patiently.

If there are any issues in processing your payment, you will see a [Payment Failed] window. Click [Back to Marketplace] or [Try Again].

To view your purchased assets, go to [Profile] - [History]. You can use the filters to search for specific NFTs.

Alternatively, you can go to [Profile] - [Collected].

Please note that it takes around ten minutes for third-party platform assets to appear in your account under normal circumstances. The actual processing time will depend on the network traffic, please wait patiently.

You need to pay a one-time approval gas fee for the NFT collection(s) to be deposited onto Binance and when you deposit the NFTs. Please note that you only need to approve each NFT collection once. For more details, please refer to How to Deposit NFTs on Binance.

Reminder: Before depositing and staking NFTs on Binance, make sure to claim your staking rewards earned on other third-party platforms first.

Due to certain Ape smart contract rules, you won’t be able to transfer the following unclaimed staking rewards to your Binance NFT Wallet:

• Unclaimed APE rewards earned on third-party platforms
• Unclaimed APE rewards earned from paired Ape NFTs

As the Binance NFT Wallet only supports NFTs and doesn’t support APE tokens, you could risk losing your staking rewards if you send them to the Binance NFT Wallet. Please claim all your staking rewards before depositing your Ape NFTs to Binance:

1) Unstake your Ape NFT from the third-party staking platform;

2) Claim the staking rewards to your wallet;

3) Deposit your Ape NFT to Binance;

4) Stake your Ape NFT on Binance NFT;

5) Receive staking rewards from the third day onwards.

You can stake your BAYC and MAYC NFTs in the Ape NFT Staking Program to earn daily rewards even if you do not hold any APE.

You cannot sell or withdraw your staked Ape NFT when it is staked on-chain. If you want to sell the Ape NFT, you must unstake it first. After submitting the unstaking request, you won’t be able to earn any staking rewards.

You do not need to pay gas fees in the Ape NFT Staking Program. Binance has waived the gas fees for staking/unstaking your Ape NFTs and getting on-chain rewards.

Under normal circumstances, after the fixed-term period is up, the status of your NFT will be automatically switched to flexible-term staking.

If the risk control system detects abnormal activities in your account, you won’t be able to participate in the Ape NFT Staking Program. Your NFT will be automatically unstaked once the fixed term ends. Please note that you cannot stop the unstaking process and will see the error message below. For more details, please contact Customer Service.

For flexible-term staking, the unstaking process can take up to 48 hours, and you won’t be able to earn rewards during the unstaking process. Your Ape NFT will be returned to your account once it is complete.

Yes, you can stake your Ape NFTs even if your assets are collateralized on Binance NFT Loan.

You can click [Stake Now] on the NFT Loan homepage or visit the Binance NFT Ape Staking page to stake your Apr NFT(s).

Select your Ape NFT(s) to stake.

If you’ve staked your NFT(s) in the Ape Staking Program and would like to borrow a new loan, click [Borrow Now] on the Staking homepage or visit Binance NFT Loan.

You can unstake your Ape NFTs even when your loans are active. However, as the NFT is collateralized, you won’t be able to trade/withdraw it until you’ve repaid the loan.

If your loan is liquidated, your staked NFT will be unstaked immediately and listed on a Dutch Auction sale. You are advised to repay your loan as soon as possible, or your collateralized NFT could be sold.

If you repay your loan during liquidation and regain ownership of your NFT, you can re-stake or borrow a new loan with the NFT.

Note: You won’t be eligible for any staking reward on the day of liquidation. For example, if your loan is liquidated on 12 June 03:00 UTC, you will not receive your $APE reward for 12 June, and your total $APE daily rewards will only be calculated up until 11 June.