Author : MArk

Date : Dec 06,2022

Receive daily ApeCoin (APE) rewards

 APE NFT holders-only staking scheme has been introduced by Binance, the largest cryptocurrency exchange in the world by volume. To receive daily ApeCoin (APE) rewards, users may stake their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs.

The Bored Ape Kennel Club (BAKC) NFTs will soon have a staking program introduced by Binance. The owners of APE NFTs who post their assets for sale on the Binance NFT Marketplace during the activity period also engage in a novel new activity.

the APE staking program's specifics

The APE staking program has not yet officially begun. NFT owners from the aforementioned collections can start depositing their APE NFTs to Binance in the interim. They can also be purchased on the Binance NFT exchange.

To be eligible for the program, you must have successfully completed the Binance Identity Verification process. Also keep in mind that the program does not accept users from restricted areas.

A user can stake up to 30 NFTs from the APE ecosystem at the time of writing. Users of the program can stake NFTs for either a fixed term or a flexible term. 30, 60, or 90 days are the fixed terms that are offered.

Before the end of the terms, users may redeem their staked NFTs. In this instance, they have to wait anywhere from 48 hours to seven days to receive their NFTs, depending on the initial choice they choose. Additionally, although NFTs are staked, they cannot be listed on the market.

Incentives for daily staking of ApeCoin (APE)

After staking the NFTs, users can start earning rewards the following day. Every day between 0:00 and 08:00, the cryptocurrency exchange will send ApeCoin prizes to users' Binance spot wallets (UTC). Additionally, the APR (annual percentage rate) will be computed every day. Upon launch, users will be able to monitor the daily APR on the APE staking program page.

Regarding the activity of listing APE NFT

The following day after staking the NFTs, users can begin earning payouts. The bitcoin exchange will deposit ApeCoin awards into customers' Binance spot wallets every day between 0:00 and 08:00. (UTC). Daily calculations will also be made of the APR (annual percentage rate). Once the APE staking program page is operational, users will be able to keep up with the daily APR there.
With regards to the APE NFT listing activities

Apecoin's overall reward system

10,000 ApeCoins were set aside by Binance as a reward pool for this behavior. The awards will be given out based on the total number of qualifying listings that is determined each day from the snapshots. For instance, the overall rewards pool will be 6,000 ApeCoins if the daily number of eligible listings is between 500 and 2000. The pool will be 10,000 ApeCoins in the event that the total number of qualifying postings exceeds 5,000.

Three weeks after the activity ends, Binance will give out the awards.

You can follow Binance NFT on Twitter and Instagram, as well as join the community on Telegram, to remain up to speed with the most recent information on the APE NFT staking and listing activity.