NFT
This is a general notice. Products and services referenced here may not be available in your region.
Fellow Binancians,
To engage the Sandbox (SAND) community, Binance is pleased to introduce NFT The Sandbox NFT Staking program.
Highlights of the Sandbox NFT Staking program
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Users can betLAND NFTs which are held on the Polygon network to deserve daily The Sandbox (SAND) rewards through the Sandbox NFT Staking program.
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The Sandbox NFT Staking program is open to all users from 2023-04-28 09:00 (UTC) to 07-05-2023 23:59 (UTC) as a start. More updates will be announced separately on Binance NFTs Telegram, Twitter, Disagreement And Instagram.
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Only Flexible term subscriptions are available in The Sandbox NFT Staking Program.
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are users not required to hold SAND tokens to put their LAND NFTs into the program.
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Daily SAND rewards are subject to the real-time APR shown on the Sandbox NFT Staking Program page.
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Binance NFT will not charge gas fees for all LAND NFT staking and unstaking requests through the Sandbox NFT Staking program.
Please note that LAND NFTs are available on both Ethereum and Polygon networks Binance NFTsThe Sandbox NFT Staking Program only supports LAND NFTs held on thePolygon network.
Users who have LAND NFTs on the Ethereum network can join the program by bridging their LAND NFTs to the Polygon network, before the LAND NFTs are deposited to Binance. For a step-by-step guide, please refer to the instructions on The Sandbox website.More information about the Sandbox NFT Staking Program is also available in the FAQ.
Check out the Sandbox NFT Staking program now!
Promotion: Join the Sandbox NFT Staking Program to share up to 20,000 SAND in rewards
Promotion period: 2023-04-28 09:00 (UTC) to 2023-05-25 23:59 (UTC)
Users who stake their LAND NFTs in the Sandbox NFT Staking Program for more than 14 days eligible to share a dynamic prize pool by up to 20,000 SAND in token vouchersaccording to the table below.
Users will receive an entrance to the final prize pool that will be unlocked for everyone COUNTRY NFT that has been deployed at The Sandbox NFT Staking Program for more than 14 days during the promotion period. The final dynamic prize pool that will be unlocked depends on the total number of eligible entries during the promotion period.
All qualified users will share the corresponding unlocked reward pool based on the number of eligible entries from each qualified user, as a percentage of the total number of eligible entries from all qualified users.
Calculation of rewards:
The reward for each qualified user = (number of eligible entries from each qualified user / total number of eligible entries from all qualified users) * Total number of unlocked rewards
Dynamic Rewards Pool:
Keep up to date with Binance NFTs Telegram, Twitter, Disagreement And Instagram for the latest news and updates on the Sandbox NFT Staking program!
Guides and Related Materials:
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Frequently Asked Questions about the Sandbox NFT Staking Program
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Deposit NFT on Binance
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How to find your NFT contract address
Terms and Conditions:
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The Sandbox NFT Staking Program is subject to local restrictions, where applicable.
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Only users who have completed identity verificationwill be eligible to participate The sandpit 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 participate. For more, please refer to Binance terms of use, Terms and Conditions Binance NFT Marketplaceand the Binance NFT staking terms.
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Binance NFTsThe Sandbox NFT Staking Program only supports LAND NFTs held on thePolygon network. Users who have LAND NFTs on the Ethereum network can join the program by bridging their LAND NFTs to the Polygon network.
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Daily SAND rewards are distributed automatically between users’ Spot wallets 00:00 and 08:00 (UTC) on the next day after users wager eligible LAND NFTs in The sandpit NFT Staking Program.
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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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Users can find their NFTs via Binance NFT Marketplace > My NFTs > Collected. Details on users’ NFT transactions can also be found at Binance NFT > My NFTs > History.
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Users can choose to redeem their LAND NFTs from the Sandbox NFT Staking Program in advance. After opting for early redemption, the wagered LAND NFTs inside will be refunded to users’ accounts 48 hours.
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Promotion details:
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Binance will take a snapshot of the number of LAND NFTs successfully staked in The Sandbox NFT Staking Program daily during the promotion period.
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Rewards are handed out indoors three weeks after the promotion has ended. Users can log in and redeem their token voucher rewards via Account > Reward Center.
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The voucher redemption period for all token voucher rewards is set to 14 days from the day of issue. Learn how to redeem a voucher.
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Binance reserves the right to immediately disqualify participants who show signs of fraudulent behaviour.
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Binance reserves the right to disqualify transactions deemed to be illegal bulk registered accounts.
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Binance reserves the right to cancel or amend the Program or Program Rules at its sole discretion.
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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
2023-04-28
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Disagreement
Binance reserves the right, in its sole discretion, to change or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go up or down and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Daily Rewards and APR are an estimate of the rewards you will earn in cryptocurrency over the selected time frame. It does not reflect actual or forecast returns/returns in any fiat currency. Daily rewards and APR are adjusted daily and the estimated rewards may differ from the actual rewards generated. No financial advice. For more information, see our Terms of Use And Risk warning.
