Announcement
Home
Support Center
Announcement
Latest Binance News
Binance NFT: Important Updates on The Sandbox NFT Staking Program and Polygon Network Support

Binance NFT: Important Updates on The Sandbox NFT Staking Program and Polygon Network Support

2023-09-08 09:00

Fellow Binancians,

Binance NFT will be discontinuing The Sandbox NFT Staking Program at 2023-09-26 06:00 (UTC). This decision was made after careful consideration and evaluation, and it is part of our ongoing efforts to streamline product offerings on Binance NFT Marketplace.

Effective from 2023-09-26 06:00 (UTC), users will not be able to stake LAND NFTs hosted on the Polygon Network on Binance NFT Marketplace to earn daily The Sandbox (SAND) rewards. All LAND NFTs currently staked on Binance NFT Marketplace will be automatically unstaked on 2023-09-27 (UTC) and returned to users’ Binance accounts after 2023-09-28 02:00 (UTC). The last daily SAND rewards will also be automatically distributed to users’ Spot wallets after 2023-09-28 02:00 (UTC).

Additionally, Binance NFT will be removing support for Polygon Network from 2023-09-26 06:00 (UTC) onward. Users should withdraw their NFTs via the Polygon Network from Binance NFT Marketplace by 2023-12-31 23:59 (UTC). More details will be provided to impacted users at a later date.

From 2023-09-26 06:00 (UTC), users may not be able to buy, deposit, offer or list NFTs from the Polygon Network on Binance NFT Marketplace. All impacted listings will be automatically canceled at 2023-09-26 06:00 (UTC), and the corresponding Polygon Network NFTs will be returned to users’ accounts after 2023-09-28 02:00 (UTC).

We apologize for any inconvenience. Should you have any questions, please feel free to reach out to the Customer Support team.

Guides and Related Materials:

Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. 

Thanks for your support!

Binance Team

2023-09-08

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

Find us on 

Follow Binance NFT on 

Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up 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 rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Daily Rewards and APR are adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.