How to Stake The Sandbox (SAND)

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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire The Sandbox (SAND) Tokens

   To stake The Sandbox, you first need to acquire it. To obtain The Sandbox, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	The Sandbox (SAND)	0.3 APY
   PrimeXBT	The Sandbox (SAND)	0.3 APY
   YouHodler	The Sandbox (SAND)	0.3 APY
   Binance	The Sandbox (SAND)	0.3 APY
   BTSE	The Sandbox (SAND)	0.3 APY
   Coinbase	The Sandbox (SAND)	0.3 APY

   See all 65 prices in Uganda

2. 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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   YouHodler	The Sandbox (SAND)	Up to 7% APY

   View all 6 staking rewards available.

3. 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 collective of validators who combine their SAND, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.