Unless they pass KYC, users will no longer be able to further stake SAND.
that 123 million SAND, or 6.7% of the token’s circulating supply, is currently staked by users. The Sandbox developers wrote:
“To enhance user security and compliance, we have implemented KYC verification for our staking process. Our goal is to ensure that our users’ accounts are verified before they can participate in staking or claim their earnings."the United States Securities and Exchange Commission deemed to be a security in its latest lawsuits against Binance and Coinbase. SAND was deployed on the Ethereum blockchain in 2012 by San Francisco gaming firm Pixowl.
Citing various initial exchange offerings and private sales conducted by developers over the years, the SEC"The information TSB publicly disseminated has led SAND holders, including those who have purchased SAND since May 2022, reasonably to view SAND as an investment in and to expect to profit from TSB's efforts to grow the Sandbox protocol, which, in turn, would increase the demand for and the value of SAND.
of “consistency" regarding SEC regulations and praised Hong Kong’s shifting attitude toward blockchain. To enhance user security and compliance, we have implemented KYC verification for our staking process. Our goal is to ensure that our users' accounts are verified before they can participate in staking or claim their earnings.
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