Introduction
Staking The Sandbox can be a great option for those who want to hold SAND but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain The Sandbox (SAND) Tokens
In order to stake The Sandbox, you need to have it. To obtain The Sandbox, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a The Sandbox Wallet
Once you have SAND, you'll need to choose a The Sandbox wallet to store your tokens. Here are some good options.
See all 6 staking rewardsPlatform Coin Staking rewards YouHodler The Sandbox (SAND) Up to 7% APY 3. Delegate Your SAND
We recommend using a staking pool when staking SAND. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SAND, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the The Sandbox network. You'll be rewarded with SAND for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
The Sandbox (SAND) is currently priced at $7 with a 24-hour trading volume of $213.44M. The market cap of The Sandbox stands at $1.41B, with 2.45B SAND in circulation. For those looking to buy or trade The Sandbox, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $1.41B
- 24h volume
- $213.44M
- Circulating supply
- 2.45B SAND
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