April 28, 2023 – Paris, France
Binance NFT, the leading global cryptocurrency exchange and NFT (non-fungible token) platform, is excited to announce the launch of The Sandbox NFT Staking Program.
This initiative aims to engage The Sandbox (SAND) community by allowing users to stake LAND NFTs held on the Polygon network and earn daily rewards.
The Sandbox NFT Staking Program offers flexible term subscriptions exclusively, and users are not required to hold SAND tokens to stake their LAND NFTs.
SAND daily rewards will be determined based on the real-time APR displayed on the program’s webpage. Binance NFT will not charge any gas fees for LAND NFT staking and unstaking requests via the program.
Binance is the only third-party platform to offer The Sandbox NFT staking, with the initial program running from April 28, 2023 to July 5, 2023.
Future updates will be announced separately on Binance NFT’s Telegram, Twitter, Discord and Instagram channels.
Please note that the program only supports LAND NFTs held on the Polygon networknot the Ethereum network.
Users with LAND NFTs on the Ethereum network can participate by bridging their LAND NFTs to the Polygon network and depositing them into Binance.
For a step-by-step guide, visit The Sandbox’s website. Additional information can be found in the FAQ section.
From April 28, 2023 at 09:00 UTC to May 25, 2023 at 23:59 UTC, Binance NFT is also launching a promotion for early bird users who stake their LAND NFTs on the Polygon network in The Sandbox NFT Staking Program.
Users who stake for more than 14 days during the promotion period will qualify to share a dynamic prize pool of up to 20,000 SAND in token vouchers, according to the promotion rules.
For more details, please refer to the announcement.
About Binance NFT
Binance NFTthe official NFT marketplace of Binance offers an open market for artists, creators, crypto enthusiasts, NFT collectors and creative fans worldwide with the best liquidity rates and minimal fees.
Binance NFT features a wide variety of valuable collectibles easily accessible to Binance’s user base of over 90 million users.
Gemma Cook, Binance