BAYC owners will soon be able to stake their NFTs on Binance
Binance will reward Bored Ape staking with ApeCoin
The exchange will also reward listing Bored Ape NFTs
Binance, the world’s largest cryptocurrency exchange, has announced a new NFT staking program. Through this program, users can stake their BAYC-issued NFTs and earn APE tokens.
The staking program applies to owners of Bored Ape Yacht Club (BAYC) and Mutant Mutant Ape Yacht Club (MAYC) NFTs. Binance said it would allow staking for Bored Ape Kennel Club (BAKC) NFTs in the near future. The launch of this staking program is set for Dec. 12. 2021.
In addition, Binance set aside up to 10,000 APE ($38,700) tokens to reward users that list Bored Ape NFTs on the Binance NFT marketplace. Owners that list BAYC, MAYC, and BAKC NFTs at a fixed price until the end of the year are eligible to earn rewards.
To qualify, owners must list the NFTs at 1.1 times the floor price. Currently, the floor price for BAYC NFTs, the lowest
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