Binance Ends Sandbox NFT Staking Program and Removes NFTs on Polygon Network
You can no longer take part in Binanceโs Sandbox NFT Staking Program as the exchange has decided to end it by the end of theseย 30ย days. Inย addition, you wonโt be be able to stake LAND NFTs hosted on the Polygon network on the Binance NFT Marketplace. This move is part of Binanceโs effort to strengthen its product offerings on the marketplace.
Changes in NFT Support on Polygon Network
Binance has announced that starting from September 26, youย willย no longer be able to stake your LAND NFTs on the Polygon Network to earn SAND rewards. All LAND NFTs will be automatically unstaked and returned to your accounts by the end of theseย 30ย days. Furthermore, Binance will remove support for NFTs on the Polygon network from September 26. You must withdraw your NFTs from the Polygon network on Binance NFT Marketplace by December 31. Followingย that, buying, depositing, offering, or listing NFTs from the Polygon Network on Binance NFT Marketplace will be completely discontinued.
Binance Delists Cardanoย (ADA) and Polygon Trading Pairs
Afterย theย lawsuits by the SEC and CFTC, Binance has been delisting and removing Cardanoย (ADA) and Polygon spot, margin, and perpetual trading pairs. On August 17, Binance delisted Cardanoย (ADA) and Polygon (MATIC) perpetual contracts in BUSD pairs. Inย addition, on September 1, the exchange removed Cardanoย (ADA), Polygon (MATIC), and 37 other liquidity pools.
Hot Take
These recent developments by Binance reflect the dynamic nature of the cryptocurrency market and the need for platforms to adapt and optimize their offerings. As a cryptocurrency enthusiast, itโs criticalย to stay updated on such changes to make notified decisions and navigate the evolving landscape of digitalย currencies and NFTs.
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