Binance announces launching an Ape NFT Staking Program on December 12


  • The Ape NFT Staking Program is likely to have local limitations, wherever appropriate.
  • Users who have completed identity verification can take part in the Ape NFT Staking Program.
  • APE daily rewards will be distributed to Spot wallets of users between 00:00 and 08:00 (UTC) on the next day of them staking their Ape non-fungible tokens.

Binance NFT has announced its Ape NFT Staking Program to attract the ApeCoin community. The Program will be released on December 12, 2022 (UTC); however, the exact release time might change and users will be updated about it through Twitter. 

Users can stake their MAYC and BAYC NFTs on Binance and seek ApeCoin rewards. The NFTs can be staked for either a Fixed Term of 30, 60, or 90 days or for a Flexible Term. APE daily rewards are prone to actual-time APR that is featured on the Ape NFT Staking Program page. Coming to Bored Ape Kennel Club NFTs, they can be staked in the future. 

To deposit the Ape NFTs, users can utilize the newly optimized deposit process and prepare for the launch of the program or buy NFTs on Binance. A separate activity will be conducted by Binance NFT for owners of Ape NFT who list qualified Ape non-fungible tokens on Binance with 10,000 APE available to be grabbed. 

During the duration of the activity, users who list fixed-price non-fungible tokens from BAKC, BAYC and MAYC NFT collections to be sold on Binance will qualify to share a rewards pool of likely 10,000 APE in rewards. 

Users must list qualified Ape NFTs at a price equal to or less than 1.1 times the floor price of the parallel Ape NFT collection. Also, a regular snapshot of qualified NFT listings will be taken during the duration of the activity.

Based on the floor prices of NFT, the number of entries that are received by BAKC, MAYC and BAYC NFT listing is determined. Users who qualify will share the equivalent rewards pool unlocked that will be based on the total number of entries accumulated by each eligible user like a proportion of the total entries that are accumulated by all users who will qualify.

Users can redeem the Ape non-fungible tokens in advance. When they do so, the staked Ape non-fungible tokens will be returned to their accounts. Moreover, users can take up to 48 hours or a week to get their Ape NFTs based on whether they have staked the NFTs for a Fixed Term or Flexible Term.

Binance can disqualify any participant for conducting fraudulent behavior. The marketplace can also disqualify trades that are considered unlawfully bulk-registered accounts. Both the Program and its rules can be canceled or amended. Last but not the least, in case of any disparity between the translated and original English versions, the latter will be preferred.