Good News for Ape Holders from Binance: NFT Launches Staking Program

The world’s largest cryptocurrency exchange Binance is preparing to launch a staking program on the exchange’s NFT platform for Ape holders.

In a blog post shared by Binance, the Ape NFT Staking program 12 December 2022It was announced that it will be launched in . ApeCoin (APE) It was stated that there may be minor deviations in the history of this program, which was implemented to interact with the community. Users participating in this program, as of December 12 Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) their NFTs Binance NFT Marketplace by staking on APE they can win. Also in the blog post, Bored ape Kennel club (BAC) It is stated that the staking feature for NFTs will be rolled out in the near future.

However, users staking eligible Ape NFTs on Binance 10,000 APE They will be part of the lottery in value. APE daily rewards the day after users stake their Ape NFT 03:00 to 11:00 CET will be automatically distributed to users’ spot wallets between It was also stated that the amount of APR, which determines the reward rate, will be adjusted daily.

According to the announcement, only users who have completed their identity verification will be eligible to participate in the Ape NFT Staking Program.

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