SAND is the utility token used in the virtual gaming ecosystem The Sandbox. The Sandbox is an Ethereum-based blockchain developed by Pixowl that operates on a “play-to-earn” model similar to other NFT gaming platforms such as Axie Infinity.
SAND tokens are used by players to monetize, own and build their gaming experience. It shares common themes with the popular game Minecraft in which players earn resources like soil, water, sand, lava, lightning, glass, minerals and more, to trade and interact with other players. In the Sandbox, players use SAND as the basis for interacting and transacting with other players.
The good news is that you can trade The Sandbox via eToro's investment platform. To find out more about this cryptocurrency and how to invest it via this brokerage, keep on reading the article.
| 🏷️ Crypto Name | The Sandbox |
| 🚩 Symbol | SAND |
| 💰 Minimum Investment | $10 |
| ⌚ Market Open | 24/7 |
For a quick start on trading this crypto, all you need to do is to click the button below. You will be redirected to eToro's Sandbox platform so you can see how it looks and if you want to proceed, just open an account.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Since its inception in 2012, Sandbox has grown to over 40 million global installations on mobile platforms. With the start of January 2018, The Sandbox project began developing a 3D, multiplayer version running on the Ethereum blockchain to provide players a virtual world where they can use their imagination to own, build and monetize game experiences using the SAND token.
In the past several years, The Sandbox has established a 100% ownership economy for players and creators through NFTs and LANDs. Their team has already introduced many robust creation tools in beta after raising $3.41 million USD from several key investors. With over 60 partnerships, the Sandbox has been able to develop content on the platform with brands such as Smurfs, Shaun the Sheep, dApp game developers like Dapper Labs, Square Enix (creators of Tomb Raider and Final Fantasy), and iconic gaming companies such as ATARI.
As a pioneering technology in the NFT world, The Sandbox offers a lot of aspects that make it unique. A major barrier to gaming - locked funds - is tackled and solved by the platform. Traditionally, when you play centralized games, all assets you earn and investments you make are locked within that game. When you quit playing, you can't access and use those funds again until you rejoin the network.
The Sandbox solves this dilemma by providing players with numerous ways to create value and earn assets, while having the ability to transfer it to other games, or even out of the gaming ecosystem itself. The developers of the Sandbox maximized the technology of NFT to make sure players keep track of their creations.
Remember: NFTs (Non-Fungible Tokens) are blockchain-based currencies that represent in-game assets. They can be transferred and verified via the blockchain network.
An ERC-20 token, SAND is used to buy assets and virtual pieces of real estate represented by ERC-721 non-fungible tokens (NFTs) in the Sandbox ecosystem. SAND tokens can also be used for staking to earn more SAND.
Currently, there is a total supply of 3,000,000,000 SAND. The good news is that these tokens can be bought directly from eToro.
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There are several ways to earn SAND in the Sandbox. The most common way is to create "Assets" with VoxEdit - a leading NFT creator software — and put it for sale as NFTs in the Sandbox Marketplace.
To give you an idea, Assets like artworks, avatars, animals and cars can fetch a price ranging from 5 SAND to tens of thousands of SAND.
Additionally, you can also earn SAND from monetizing your games by using the Sandbox Game Maker. You can also earn by being a player of other users' through a rewards system. Likewise, you can also earn from your "Land" by either filling it with content or leasing it out to other players.
These four main products will give you a better idea of the Sandbox ecosystem:
You can exchange your SAND token to other cryptocurrency by using a digital wallet that supports crypto swapping like eToro Crypto Wallet and MetaMask or the Uniswap protocol.
SAND holders have a voice on the governance of the Sandbox ecosystem. The governance of the platform relies on a DAO structure or Decentralized Autonomous Organization. Token holders have the power to allocate funds directly to game developers and content creators and help set features they want on the platform.
To invest on The Sandbox via eToro, you need to open an account first and make your first deposit. You can then follow the steps below:
A SAND token is worth
SAND tokens have been experiencing significant price gains due to the current hype surrounding the metaverse. A lot of people are excited about the potential for SAND tokens to see an increase in price following Facebook announcing it would be rebranding. More attention to this sector could lead to its success over the next both the short and long term.
The concept of the metaverse is still fairly new and it will probably take time before it becomes more mainstream. But with The Sandbox investing over four years into researching, there would definitely be a big payoff if development efforts were to resume.
Sign-up to see a live demo of eToro's The Sandbox trading platform by clicking on the button below. This will take you to their online trading page where you'll be able to see what it's like.
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Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
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