$SAND On LBANK.IO (Staking, AMA and Trading Competition)
The native token of The Sandbox platform, $SAND, is now available on one of the main trading platforms in the Chinese market, LBank exchange.
The listing of the SAND/USDT pair was officially introduced by the important exchange on March 5th, thus expanding the offer to all lovers of The Sandbox Metaverse to be able to acquire the native token through the Chinese platform.
The event featured an airdrop activity for one week, which allowed all participants who deposited at least 1 SAND token on the exchange, to opt for a maximum reward of up to 1,000 USDT courtesy of the exchange.
The Sandbox is building a unique virtual world where players can build, own, and monetize their gaming experiences using NFTs (non-fungible tokens) and SAND, the main utility token of the platform that serves as the basis of transactions and interactions, enabling players to play, own, govern, trade, and earn.
The listing of the $SAND token in the important exchange, occurs at an ideal time in the market, to meet the growing demand that users from all over the world are exercising on the native token of the first Metaverse of the Blockchain ecosystem.
This new offer will allow everyone to be able to easily access with the support of one of the main exchanges on the planet, the native token of the platform, and thus be able to enjoy the benefits of having $SAND tokens in their portfolio.
The introduction of the $SAND token to LBank exchange joins the growing list of major exchanges offering the native token of The Sandbox platform and is part of the team’s efforts to expose the metaverse to a large number of players throughout. from around the world, while allowing them to take advantage of the brilliant services offered by The Sandbox.
To operate the token within the exchange, users must verify the conditions established by the LBank exchange to ensure a safe trading environment.
$SAND — Staking, AMA, Trading Competition
STAKING
Annualized Return: 30% (Floating adjustment)
Maximum Interest-bearing Amount: with no limit
Minimum Interest-bearing Amount: account assets are not less than 10 SAND
Participation Method: users need to register the assets on the “Demand Deposit” page.
Assets registered in “Demand Deposit” do not affect trading or withdrawal. After registration, the assets that have been trading or withdrawn will not enter the interest calculation of the day. For the amount gap, it will be released at 2:00 pm on the next day.
*The freezing assets due to orders and participation in activities do not affect the interest calculation of demand deposit assets.
Revenue settlement: T+1 calculates interest, T+2 pays interest.
Amount update: The amount of gap from the previous trading or withdrawal will be released at 2:00 pm every day.”
AMA
Watch out for our Ask-Me-Anything (AMA) with The Sandbox team on the following dates and places:
YouTuber AMA time: April 8, 7:00 pm (UTC+8) on this Livestream
Wechat AMA time: April 8, 6:00 pm (UTC+8)
Telegram AMA time: April 9, 7:00 pm (UTC+8)
Trading Competition
For the trading competition, it will set daily rewards, ranking rewards, and encouragement rewards. The prize pool is $6,000 USD in $SAND and 100 NFT. If you are the top 3 traders each day, you can get daily rewards and ranking rewards together!
Stay tuned for more details in the future.
About SAND
SAND is the native token of our gaming platform The Sandbox, an ERC-20 application token built on the Ethereum Blockchain, which is used by gamers, content creators, and investors alike.
SAND is a fungible, divisible, and mutually replaceable token. The tokens listed on the LBank exchange are all homogenized tokens. The token powers the Metaverse of the Sandbox game.
About LBANK
LBank.info is the world-class digital asset exchange established in October 2016. LBank provides secure, professional, and convenient digital asset exchange services. We also have advanced investment services, Quantitative, Demand Deposit, and Token use case.
