Highly immersive voxel universe, The Sandbox, has introduced a new staking pool just for LAND owners. As a result, ramping up the ever-increasing utility of its versatile real-estate tokens.
Through the initiative, The Sandbox looks to reward those with a significant investment in the game. Therefore, adding enhanced earning for folks holding LAND within their associated digital wallet and allowing them to earn more $SAND rewards than ever before.
TVL in the new exclusive LAND Owner staking pool: >US$4.3M 🚀🤯
Join others in staking your $SAND NOW 👇https://t.co/Fp8ArBed8Xpic.twitter.com/mbpRaGDx0U
— The Sandbox (@TheSandboxGame) September 25, 2022
To get involved, users will need to own at least one LAND token residing on the Polygon Network. Then, The Sandbox will auto-detect its presence and apply the preferential APR calculation to their stake. However, the additional rewards will only apply to 500 $SAND staked per LAND held.
For the first 12 weeks, The Sandbox has reserved 3m $SAND which it will distribute once a week in batches of 250k $SAND. Those without the coveted assets however, can continue to invest their tokens in the standard staking pools.
Since the announcement, sales of the asset have spiked, seeing a floor price rise approximately 50% from just under 1 ETH per LAND, up to an impressive 1.5 ETH.
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