BNB
Binance Limits Ape Staking to 3 NFTs, Citing High Demand
by BSCN
December 20, 2022
The Ape Staking Program on Binance NFT is so popular that Bored Ape Yacht Club and Mutant Ape Yacht Club holders can now only stake three NFTs apiece.
Ape NFTs Too Hot Right Now
Binance NFT has limited the number of Ape NFTs that users can stake, citing high demand. Now, users can stake a maximum of three Bored Ape Yacht Club and Mutant Ape Yacht Club Non-Fungible Tokens (NFTs).
Ape Staking Update ⚠️
— Binance NFT (@TheBinanceNFT) December 20, 2022
Due to high demand, each new staking user is now limited to staking 3 Ape NFTs in the Ape NFT Staking Program.
Once staking limit is reached, you’ll see the error message:
"Staking Failed: Please note that you have exceeded the maximum staking limit.”
Holders of BAYC and MAYC (and in the future, Bored Ape Kennel Club) can stake their valuable and popular NFTs via the Binance NFT Ape NFT Staking Program to earn rewards in ApeCoin.
As evidence of the staking program’s popularity, APRs on NFT staking have dropped from an initially advertised 199% to “only” 35% for BAYC and 42% for MAYC.
What is Binance NFT:
Binance NFT is Binance’s NFT arm that consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes on BNB Chain.
With the relevance of NFT projects on BNB Chain, Binance NFT has become increasingly more popular for NFT collectors
Where to find Binance NFT:
Website | Twitter | Blog | Instagram | Telegram |
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