Introduction
Staking The Sandbox is an excellent choice for those looking to hold SAND while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire The Sandbox (SAND) Tokens
To stake The Sandbox, you first need to acquire it. You can purchase The Sandbox from various popular exchanges.
2. Select a The Sandbox Wallet
Once you have SAND, you'll need to select a The Sandbox wallet to keep your tokens safe. Here are some great options.
View all 6 staking rewardsPlatform Coin Staking benefits YouHodler The Sandbox (SAND) Earn up to 7% APY 3. Delegate Your SAND
We suggest using a staking pool for staking SAND. It's easier and quicker to start. A staking pool consists of validators who pool their SAND, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the The Sandbox network. You will be rewarded with SAND for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
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 capitalization
- $1.41B
- 24-hour trading volume
- $213.44M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 2.45B SAND