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The Sandbox To Discontinue MATIC/SAND Staking Pool From October 25

The Sandbox’s SAND/MATIC staking program will end on Tuesday, October 25th, 2022, after 11 months of meritorious service.

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The Sandbox announced that it would discontinue the MATIC/SAND staking pool from October 25 but said it would continue to offer strong rewards for the SAND-only staking pool and the SAND staking pool for LAND owners.

The SAND/MATIC program was launched on the Polygon network at the end of last year. After successfully releasing the SAND token on Polygon, the developers chose to thank its early adopters who contributed to the network’s liquidity.

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Since then, 12.5 million SAND has been allocated to The Sandbox community through the MATIC/SAND pool.

The end of this staking scheme is only the beginning of a new era. Following the SAND-only staking pool opening on February 11, 2022, and the SAND staking pool for LAND owners on September 22, 2022, The Sandbox will continue to reward its community through various staking initiatives.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.