The world’s largest cryptocurrency exchange Binance has launched the NFT staking program with the metaverse project The Sandbox (SAND) on the NFT platform.
In a blog post recently shared by Binance, The Sandbox NFT It was announced that the staking program was launched. Users, Polygon (MATIC) in the network LAND NFTThey will be able to earn SAND under the program by staking their . Staking transactions today at 12:00 pmstarted in and 03:00 CEST on July 5It will last until
The program’s SAND reward rates change in real-time to the annual earnings rate. (APR) will be determined accordingly. Users who are included in the program and stake NFT for more than 14 days will be given an extra 20 thousand SANDwill be entitled to share the prize pool of . Users will not need to have SAND in their account for LAND NFT staking. During NFT staking and reward claim No transaction fees will be charged..
LAND NFTs Ethereum (ETH) Although available on both Polygon networks, the program in question only for NFTs in the Polygon network will be valid. Users with LAND NFTs on the Ethereum network will be able to participate in the program by bridging their NFTs to the Polygon network before depositing them in Binance.
So far mostly Left (LEFT) NFT staking service, which we encountered in the network, started to be carried over to other popular networks with the expansion of the sector and the increase of NFT investors. These programs, which aim to make money while keeping their NFT collections in their hands, can generally create serious hype for the designated collection.