The Sandbox Deploys LAND and SAND Tokens on Polygon
The Sandbox recently announced through Twitter that it will be deploying on the Polygon blockchain. Users will be able to move their LANDs and SAND from the Ethereum blockchain to Polygon's Layer 2 and vice versa using the Polygon bridge. The roll-out and integration are aimed to assist in developing a more affordable and environmentally friendly ecosystem with additional features.
The Polygon Bridge was built on the Ethereum blockchain as a Layer 2 scaling solution, employing a Proof of Stake mechanism to allow for seamless token transfers between Ethereum layer 1 and Polygon layer 2. As a consequence, layer one frictions such as lower gas expenses, faster transaction speeds, and greener blockchain interactions will be reduced.
As part of the deployment functionality, SAND holders will be able to gain from a LAND multiplier depending on the staking program. Users must stake their SAND in both the LAND sales and the asset transfer to the Polygon network staking programs in order to buy a LAND.
Users will soon be able to move ASSET and experience tokens to their smart contracts on the Polygon network, as well as easily transfer their LAND and SAND using a custom bridge. Nothing else is hampered by using the bridge. The supply, value, and utility of the tokens are not changed; they are just transferred from one blockchain to another.
To encourage migration and lower gas prices, 1 million SAND will be provided under a payback program. Land owners who have moved for the first time on Polygon may be eligible for a 10 mSAND cashback per LAND.
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