HomeCoinsSAND (SAND)Introducing LAND owner exclusive SAND staking | by The Sandbox | The...

Introducing LAND owner exclusive SAND staking | by The Sandbox | The Sandbox | Sep, 2022

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The Sandbox is introducing a new staking pool reserved to LAND owners.

Introducing LAND owner exclusive SAND staking | by The Sandbox | The Sandbox | Sep, 2022

With this new staking option, LAND owners will get exclusive high APR rewards by staking SAND. Read on to learn everything you need to know about this new staking mechanism and how it will affect previous programs.

  • LAND owners can now stake their SAND tokens with a high APR.
  • The program is open to the LAND owners on Polygon network.
  • 250,000 SAND rewards per week for the first twelve weeks.
  • Cap set to 500 SAND / LAND. The more LAND you own, the more you can stake!
  • You can claim your SAND earnings once per week.
  • You DON’T need to stake your LAND in the smart contract.
  • We have developed a tool to detect LAND transfers so your contribution will be updated accordingly for each transfer.
  • Stake and keep enjoying the benefits of being a LAND owner.
  • Opens on Sep 22, 2022 at 4:00 PM UTC.
  • Rewards start on Sep 22, 2022 at 5:00 PM UTC.
  • There will be new announcements regarding LAND owner exclusive SAND staking in the near future, so stay tuned!

More than owning a piece of the metaverse, LAND owners represent a big part of a vibrant community co-creating the future of entertainment & culture. This new staking program gives us the opportunity to bring more value to our beloved LAND Owners.

After introducing the LAND multiplier on the SAND staking program, we are proud to introduce a new mechanism to empower our LAND owners.

This new staking program requires you to own at least one LAND to enjoy its benefits. Owning a LAND allows you to stake up to 500 SAND per LAND you have in your wallet. The more LAND you own, the more you can stake!

Remember that you can mix your staking and benefit from all the staking programs already launched:

You DON’T have to stake your LAND into the smart contract to enjoy the benefits of this new staking mechanism. We automatically detect the LAND transfers and we update your contribution to the pool on a regular basis.

This way, you keep your LAND in your wallet, you stay eligible to all the incentives for being a LAND owner, and you could use your LAND with the upcoming features and stake at the same time!

Staking contract address:

https://polygonscan.com/address/0xD3A9CAa25393765c05ce9f332B5E33b5E33D8B8F

If you are not a LAND owner and you want to stake in our exclusive LAND owner staking program, you can buy one or more LAND on Opensea or participate in one of our future LAND sales.

In the meantime, you can also take part in our other staking programs:

Resources:

How to bridge your SAND from Ethereum to Polygon
How to stake

More staking mechanisms reserved to LAND owners will become available in the future — giving you a chance to prove your trust and to earn even more rewards. Please stay tuned for further announcements.

With the introduction of this LAND owner exclusive staking program, the SAND and SAND-MATIC staking weekly rewards will be reduced respectively to 250,000 SAND and 75,000 SAND.

  • If you are new to staking: Before investing in any staking pools, you should first do some research (DYOR) to make sure that staking is right for you and that you understand all aspects of it, including impermanent loss.
  • For your security: Always make sure you are on https://sandbox.game before proceeding to any staking action within The Sandbox.



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