Introduction
Staking The Sandbox can be an excellent option for those who wish to hold SAND while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain The Sandbox (SAND) Tokens
To stake The Sandbox, you need to possess 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 suitable options.
View all 6 staking rewardsPlatform Coin Staking rewards YouHodler The Sandbox (SAND) Up to 7% AER 3. Delegate Your SAND
We recommend using a staking pool when staking SAND. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SAND, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the The Sandbox network. You will be rewarded with SAND for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may 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 in the UK
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 purchase or trade The Sandbox, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- US$1.41B
- 24-hour volume
- US$213.44M
- Circulating supply
- 2.45B SAND
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