Daily Flash | The Sandbox will airdrop 5 million tokens in the near future；The number of loss-making Ethereum addresses reached a new high in recent two years

Today's Topic - The Sandbox will airdrop 5 million SAND to all LAND holders in the near future

On May 16, the Sandbox released the 2022 LAND holders’ roadmap, and the official said it would airdrop 5 million SAND to all LAND holders in May.

It is understood that the Sandbox's LAND and ASSET will be transferred to Polygon Layer 2 in June 2022. In order to encourage the transfer and reduce gas costs, each piece of LAND can apply for a cash return of 10 SAND on Polygon, with a total of more than 1 million SAND rewards. After deployment, the staking multipliers of SAND and SAND-MATIC will reappear on Polygon Layer 2.

Then, in July 2022, Sandbox will begin to provide land holders participating in the staking with an exclusive reward of 10 million SAND. In addition, GEM and CATALYST mining will open in June 2022, allowing LAND holders to start the creator economy.

Today's Chart - The number of Ethereum addresses at a loss exceeded 31 million, representing a new high in recent two years

According to Glassnode data, the number of loss-making Ethereum addresses (7-day average) reached 31101288.667, representing a new high in the last two years.

What is the cost of your ETH position? Is it a loss or a profit at present?

Today's Influencer - Vitalik Buterin strongly supported the program of Terra fund to give priority to compensating UST holders with micro-transactions

On May 16, Vitalik Buterin, founder of Ethereum, expressed "strong support" for the scheme that Terra fund should give priority to compensating UST holders with micro-transactions, and believed that it will give relief to the UST holders.

The proponent of the scheme, PersianCapital, believes that 99.6% of the wallet can be fully compensated if given priority to compensate the holders with micro-transactions, which is more conducive to mitigating the anger of the community.

Do you think Terra still has a chance to survive?

Hot events last week - #SEC reiterated that cryptocurrency assets are securities, #Musk said DOGE has the potential to become a currency

The Securities and Exchange Commission (SEC) reiterated that cryptocurrency assets are securities

Germany confirms tax exemption for cryptocurrency transactions after one year

Yellen: cryptocurrency does not pose a systemic risk to the financial system

Musk said Dogecoin has the potential to become a currency

LUNA prices plummeted to zero and Terra founder's wife sought police protection

Author: Gate.io Researcher Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.