The Sandbox Introduces Exclusive SAND Staking Program for LAND Owners
LAND owners in The Sandbox can now stake SAND to enjoy more than 600% APR in returns. Here's how.
Over 600% APR awaits The Sandbox LAND owners
Leading metaverse platform The Sandbox (TSB) has introduced a SAND staking program exclusively for LAND owners on Polygon. The exciting initiative is part of its efforts to reward all long-time supporters of TSB.
Starting September 22nd, those who bridge their TSB LANDs to Polygon can participate in the new SAND staking program. How it works is that holders can stake up to 500 SAND per LAND to enjoy more than 600% APR in returns. The more LANDs they have, the more SAND they can stake.
According to the team, they are allocating 250,000 SAND each week as staking rewards for the first 12 weeks of the program. Owners do not need to stake LANDs, as they only need to stake SAND. However, they must transfer their LAND and SAND to Polygon before joining the staking pool. There's no lockup period, and owners can only claim their rewards once per week.
With the introduction of the new staking program, weekly rewards for both SAND and SAND-MATIC pools have been reduced to 250,000 SAND and 75,000 SAND accordingly. So it pays to own a piece of The Sandbox metaverse.
Other than that, there will be more exciting features for LAND owners soon. These shall include airdrops, staking multiplier, special events, and so much more.
About The Sandbox's ever-growing ecosystem
Since the launch of Alpha Season 3, The Sandbox has been on a continuous run of Web3 collabs. Earlier, the metaverse giant joined hands with Singapore bank DBS to build a virtual space called "DBS BetterWorld". It has also partnered with Khaleej Times and FazeClan to help develop their metaverse cities.
Of course, game developers are incentivized to build on The Sandbox too. Atari Game Jam, for instance, is one of the many competitions that reward creators for making fun games in TSB.