Introduction
Staking The Sandbox can be an excellent choice for those looking to hold SAND while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.
Step-by-Step Anleitung
1. Acquire The Sandbox (SAND) Tokens
To stake The Sandbox, you first need to acquire it. To obtain The Sandbox, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.
View all 65 pricesPlattform Kryptowährung Price Nexo The Sandbox (SAND) 0,28 APY PrimeXBT The Sandbox (SAND) 0,28 APY YouHodler The Sandbox (SAND) 0,28 APY Binance The Sandbox (SAND) 0,28 APY BTSE The Sandbox (SAND) 0,28 APY Coinbase The Sandbox (SAND) 0,28 APY 2. Select a The Sandbox Wallet
Once you have SAND, you'll need to select a The Sandbox wallet to securely store your tokens. Here are some solid options to consider.
Discover all 6 staking rewards availablePlattform Kryptowährung 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 started. A staking pool is a collective of validators who pool their SAND, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the The Sandbox network. For these validations, you will be rewarded with SAND.
What to Consider
There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.
Recent Developments
The Sandbox (SAND) is currently priced at US$7 with a 24-hour trading volume of US$213.44M. The market cap of The Sandbox stands at US$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 capitalization
- US$1.41B
- 24h Handelsvolumen
- US$213.44M
- Circulating supply
- 2,45B SAND