Earn up to
7% APY
A comprehensive guide on how to stake The Sandbox (SAND)
We have a wealth of information on staking The Sandbox (SAND) and we're excited to share some of this with you.
We present some staking options with other cryptocurrencies that may pique your interest.
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
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 if it's your first time. That's why we've created this guide to assist you.
To stake The Sandbox, you first need to acquire it. To obtain The Sandbox, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Once you have SAND, you'll need to choose a The Sandbox wallet to store your tokens securely. Here are some solid options to consider.
| Platform | Mint | Staking rewards in South Africa |
|---|---|---|
| YouHodler | The Sandbox (SAND) | Up to 7% APY |
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.
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.
There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.
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