Binance NFT Unveils The Sandbox NFT Staking Program
The NFT marketplace of Binance is making strides by launching The Sandbox NFT Staking Program, an exclusive initiative for users to stake their LAND NFTs available on the Polygon network. Participants can enjoy daily rewards through the SAND tokens by Sandbox throughout the program’s duration.
The Sandbox NFT Staking Program was open to all users from April 28, 2023, at 09:00 (GMT) and will be available until July 5, 2023, at 23:59 (GMT). Binance NFT announced that further updates and announcements would be provided via their Twitter, Telegram, Instagram and Discord channels.
The program only offers Flexible Term subscription plans, ensuring ease of access for users. Notably, there is no need to hold Sandbox tokens to participate in staking LAND NFTs. Users can earn SAND rewards daily based on the APR (Annual Percentage Rate), which are real-time rates shown on the program’s page.
Zero Gas Fees and Polygon Network Support
Binance NFT has taken measures to alleviate users’ concerns about gas fees. No gas fees are charged by the platform for LAND NFT unstaking and staking requests made through this program. However, it is essential to note that the program exclusively aids LAND NFTs available on Polygon.
Binance NFT is 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 can share a prize pool of up to 20,000 SAND in token vouchers.
Participating with Ethereum LAND NFTs
Users who own LAND NFTs on the Ethereum network can participate in the program. They must bridge their NFTs to the Polygon network before depositing them in their Binance account. A detailed guide for bridging the NFTs is available on their website.
The launch of The Sandbox NFT Staking Program marks a significant step in enhancing user engagement and offering additional incentives for the community. By leveraging the Polygon network and removing the barrier of gas fees, Binance NFT aims to provide a seamless staking experience for users and enjoy daily SAND rewards.