The $SAND staking doesn’t need to pair with any other tokens, allowing holders to earn a passive income through the fresh staking mechanism and take advanted of the low fees Polygon offers.
The Sandbox team also released a list of how this new mechanism will affect previous programs, which is shown below.
- You can now stake mSAND tokens directly
- The program is open to everyone on Polygon Network
- We support gasless transactions through Biconomy
- 500,000 mSAND rewards per week for the first 4 weeks
- You can claim your mSAND earnings once per week
- Opens on Feb 11, 2022 at 8:00 PM UTC
- Rewards start on Feb 11, 2022 at 9:00 PM UTC
- There will be new announcements regarding mSAND staking in the near future, so stay tuned!
If you want more information about the announcement or how to bridge $SAND to Polygon, you can check the full article on their Medium.
What Is The Sandbox?
The Sandbox is a metaverse where you can build, create, and monetize using SAND, the primary utility token of the platform.
The platform offers opportunities, and unique adventures, where everyone can benefit by earning or experiencing what Sandbox’s Metaverse offers.
You can create Non Fungible Tokens (NFTs) and games inside the game itself. You can profit from NFTs by putting them in the Sandbox Marketplace for a price or requiring players to pay an entry fee to play a game you created. Creativity is the key here.
They also have partnership with a lot of famous artists and companies such as: SnoopDog, Atari and Binance
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