This is a general notice. Products and services referenced here may not be available in your region.
Fellow Binancians,
Binance NFT is pleased to announce that users will be able to take advantage of it evicted Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC)NFTs in the Ape NFT Staking Program if security on NFT Loaneffective from 2023-06-21 13:00 (UTC).
This introduces more flexibility for Binance NFT users, who can now wager theirs existing BAYC and MAYC NFT collateral on NFT Loan via the Ape NFT Staking Program to deserve ApeCoin (APE) daily rewardsor access higher liquidity by taking out an NFT loan with a plotted BAYC NFT or MAYC NFT.
For more information on NFT loans, such as liquidation, interest rates, borrowing and amortization, please refer to the FAQ. Details about the Ape NFT Staking Program can also be found here FAQ.
Promotion: Receive an exclusive NFT of the Mocaverse or Block Legends NFT collections upon completion of NFT Loans
Promotion period: 2023-06-21 13:00 (UTC) to 2023-07-04 23:59 (UTC)
Snapshot period: Daily
To celebrate the above update, Binance NFT is launching a new promotion for all NFT Loan users. A total of ten users who love one daily average liability of at least 4 ETH in NFT loan during the promotion period is selected based on the Selection rules for distinctions based on the hash value of the BNB Beacon ChainUnpleasant each receive one Mocaverse NFT or Block legends NFT.
Please note that users can continue to enjoy the 70% discount on borrow interest at NFT loan (ie 3.36%) until 04-07-2023 23:59 (UTC). By 05/07/2023 00:00 (UTC)can all users still enjoy one 20% discount on borrowing interest rates at NFT loan (ie 8.96%) until further notice.
Stay tuned to Binance NFTs Telegram, Twitter, Disagreement And Instagram for the latest updates on Binance NFT!
Get an NFT Loan Now!
Terms and Conditions:
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Users must full identity verification To be able to use Binance NFT Loan and participate in the Ape NFT Staking Program. Users who have not completed identity verification, illegal bulk registered account holders, and users from restricted countries/regions are not allowed to use these services. For more, please refer to Binance terms of use, Terms and Conditions Binance NFT Marketplaceand the Binance NFT staking terms.
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Daily APE rewards are distributed automatically between users’ Spot wallets 00:00 and 08:00 (UTC) on the third day after users submit their Ape NFT staking requests.
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APR is adjusted daily and estimated rewards may differ from actual rewards generated. The specific APR depends on the pageview on the day.
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NFT rewards from the Promotion will be automatically distributed to users’ accounts within two weeks after the Promotion has ended. Users can find their NFTs via Binance NFT Marketplace > My NFTs > Collected.
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Binance reserves the right to immediately disqualify participants who show signs of fraudulent behaviour.
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Where there is a discrepancy between the translated versions and the original English version, the English version will prevail.
Binance team
2023-06-21