So much has been going on in the crypto space, but it seems that the topic around Metaverse is the most heated.
In today’s article, I will be reviewing one of the popular Metaverse crypto projects, Sandbox.
Sandbox has exploded in popularity as of late 2021, with its native token SAND increasing by more than 300% in November alone.
This review will tell you all you need to know about Sandbox and why it is such a great investment.
Post Summary
This is what I will cover:
- What Is Sandbox?
- Sandbox Features
- SAND Token Explained
- Top Crypto Exchanges To Buy/Sell SAND
- Best Wallets To Store SAND
- Is SAND Worth It?
- Conclusion
Ready to explore the Sandbox? Then make sure to read until the end!
1. What Is Sandbox?
Sandbox is a 3D play-to-earn game founded by Arthur Madrid and Sebastien Borget.
They are both blockchain and mobile gaming experts, as well as the founders of Pixowl, a mobile game that developed Sandbox.
SandBox started in 2012 as a free-to-play 2D mobile game where gamers could create a virtual world of their own.
It is available on IOS, Android, and even PC, and already has over 30 million users.
In August 2018, a blockchain game software company named Animaco Brand acquired it.
This transitioned Sandbox from a 2D free-to-play game to a decentralized 3D play-to-earn game on the Ethereum blockchain.
Gamers on Sandbox are engaged in a metaverse world where they can create, play, and monetize 3D NFT-based games for real-world money.
Sandbox has had tremendous success in the cryptocurrency space.
It has received millions of dollars in backing from large organizations like Square Enix and SoftBank.
Sandbox has also released “The Sandbox Alpha.”
You will learn more about it and other Sandbox features as you scroll down to the next section!
2. Sandbox Features
A quick peek!
1. Market
This is the NFT marketplace for Sandbox, where gamers can trade the Sandbox Lands and every digital gameplay asset created on the platform.
All assets represent NFT tokens, which are exchanged for SAND tokens.
On Sandbox Market, NFT collections from Binance, Snoop Dogg, Care Bears, Atari, Smurfs, etcetera are available.
According to the report by Cryptoslam, the SandBox market is the 4th most ranked NFT market by sales volume as of this writing.
2. Create
Using Game Maker and VoxEdit, gamers can design and create their games and gaming tools.
Game Maker: It’s a set of simple to use tools that lets you create a virtual game without having to know how to code.
Using the tools provided, you can organize different gaming assets into a wonderful gaming experience by simply dragging and dropping them using your imagination.
You can, for example, use tools like “Basic, Asset, and Logic” to develop various gaming modes, puzzles, galleries, social hubs, and so on.
VoxEdit: It is the editing software that enables gamers to make 3D assets that can be used in games in the Sandbox’s metaverse.
The assets that can be made with this tool are virtually limitless.
From static decorations to intractable objects, hostile enemies, and so on, all of which can then be exported and sold on the Sandbox market.
Avatar: In the Sandbox metaverse, Avatars represent players.
Gamers can customize their Avatars and equip them with gaming tools so that they are ready to interact in the gaming world.
3. Map
The “Map” showcases the 166,464 lands that make up the Sandbox Metaverse.
Gamers can buy a portion of this land and turn it into a fortune.
This is because they can monetize their lands by hosting their games on them, renting them to game developers, or selling them on the NFT market.
Binance, Atari, Smurf, Coinmarketcap, Snoop Dogg, and a slew of other well-known names own land in the Sandbox map.
4. Alpha
Sandbox Alpha is the first play-to-earn game hosted by the Sandbox team.
It is a multi-week event that allows gamers to explore the Sandbox metaverse through 18 different gaming experiences.
You are only eligible to participate in all 18 gaming experiences if you own an NFT ticket called the “Alpha Pass”.
Gamers who have the “Alpha Pass” will also be eligible to claim 1000 SAND tokens and 3 exclusive NFT assets at the end of the gaming event. 😎
You can still participate even if you do not have an Alpha Pass.
However, your gaming experience will be limited and you will be ineligible for rewards too. Find out how to obtain an Alpha Pass in this article.
Sandbox Alpha is open from November 29, 2021, to December 20, 2021.
5. Referral
Sandbox has a referral program that pays you 10% of the NFT market sales made by those you refer.
The SAND token is used to pay all referral commissions.
Now, this is brilliant, given that SAND token has performed extremely well in the market.
Scroll down and we will talk about the SAND token.
3. SAND Token Explained
Sandbox’s native token is SAND, which is an ERC-20 token on the Ethereum blockchain.
The Use-cases Of SAND Token
- Fee: Gamers pay SAND to buy items on the market, create games, play games, or customize their avatar character
- Governance: SAND will allow holders to participate in governance decisions of the platform via a DAO structure, which will go live in Q2 of 2022.
- SAND Staking: SAND can be staked to earn a portion of the revenue generated from land sales.
Stakeholders Of SAND
A smart contract distributes all earnings generated by the Sandbox platform to four SAND stakeholders:
- Foundation Pool: Sandbox foundation is a non-profit organization that supports the Sandbox ecosystem through grants
- Staking Pool: These are the SANDs that have been set aside for staking rewards.
- Company Treasury: It represents the percentage of the SAND token that the company owns. They will be resold on the open market to cover operational expenses.
- Company Reserve:A portion of proceeds from sales goes into this reserve, with a 6-month lock-up. And it is in addition to the 20% of the total supply of SAND already allocated to it.
The purpose of these allocations is to ensure that the success of the Sandbox platform accrues value to the SAND token.
Additionally, a 5% fee is charged at every transaction using the SAND token, with 50% going to the Staking Pool, while the remaining 50% goes to the foundation.
Tokenomics
SAND has a total supply of 3 billion tokens. See how the token was distributed below.
In addition, there is a 5-year vesting period and a 12-month cliff for SANDs allocated to founders and advisors.
As of Dec. 12, 2021, information gotten from Coinmarketcap shows that:
- 30% of SAND Maximum supply is in circulation
- SAND marketcap is worth $4,840,809,482 with a price tag of $5.30
SAND is supported by multiple exchanges. I will show you the top 5 in the next section.
Continue reading!
4. Top Crypto Exchanges To Buy/Sell SAND
There you have them!
1. Binance
Binance is the biggest exchange in the world with over 13 million users.
The exchange has good liquidity and volume for all supported SAND trading pairs.
You can trade SAND against the following currencies:
- USDT, BUSD, BTC, TRY, BNB, AUD.
2. Kucoin
Kucoin is a Seychelles-based crypto exchange founded in 2017.
Coinmarketcap puts it third among the “Top 100 Crypto Exchanges”.
Every day, up to $7,420,000,765.57 in volume is traded on Kucoin.
SAND is traded against USDT on Kucoin.
3. Gate.io
Gate.io is a trading platform that was founded in 2013 and is run by Gate Tech. Inc.
Users can trade spots and futures seamlessly on the exchange.
And it supports up to 500 coins, including BTC, DAI, ETH, etc.
On this platform, you can trade SAND against USDT, USD, and ETH.
4. Nominex
Nominex is a Seychelles-based cryptocurrency exchange founded in 2019.
The exchange facilitates both on-ramp and crypto-to-crypto exchanges with one of the cheapest fees.
You can buy/sell SAND for USDT on Nominex.
Other exchanges where you can buy/sell SAND can be found here.
Keep reading!
5. Best Wallets To Store SAND
SAND can be stored in any wallet that supports ERC-20 tokens. These are my top picks!
1. Ledger
Cryptocurrency storage is best done using hardware wallets like Ledger.
Getting your hands on them, though, costs a pretty penny (about $59).
This is probably because it has a strong security feature that makes it nearly impenetrable to hackers.
Ledger was founded in 2014 by a French company, but it has become more popular than its antecedents.
It has two products – Ledger Nano S and Ledger Nano X.
2. Trust Wallet
Trust wallet is a non-custodial hot wallet that is available for download in Google Play and Appstore.
It is a multi-crypto wallet with an in-built DEX and a Web 3 browser that allows users to interact with Dapps on the Ethereum blockchain.
Furthermore, this wallet was created with an easy-to-navigate UI. It allows for staking, and it is open-source too.
3. MetaMask
MetaMask is an Ethereum-based cryptocurrency wallet (just like MEW).
It’s a browser extension that connects users to the Ethereum blockchain directly.
It offers an exchange platform and also allows users to build and run DApps.
4. Exodus
Exodus is a non-custodial multi-crypto wallet with amazing features.
It has the most intuitive and friendly UI when compared to other crypto wallets.
Exodus has an in-built exchange, keeps track of all your crypto assets, but most wonderfully, it allows users to earn rewards for storing their cryptos
5. Coinbase Wallet
This wallet was created by Coinbase, one of the biggest and oldest crypto exchanges in the world.
It is a multi-crypto wallet that allows you to store more than 500 cryptocurrencies including NFTs.
Coinbase wallet is non-custodial and it allows you to buy trade your assets directly on the Coinbase exchange.
More so, it can be downloaded via Google Play, App Store, and Chrome Extension.
Now, I know what you are thinking. Is SAND worth adding to my crypto investments?
Before you make your decision, you may want to scroll down and see my opinion.
6. Is SAND Worth It?
SAND has seen a huge pump since the end of October 2021.
From what we have in the 3-month chart by Coinmarketcap, SAND took off at a price of approx. $1.8 to its ATH of $8.51.
As a result of a recent crypto market dip, it is currently consolidating at the price of $5.18, December 12, 2021.
So far, SAND is a good investment for investors who bought it before the price of $5 or sold it at the price mark of $8.
However, it has not been profitable for investors who acquired it at its ATH.
Let’s face it, the crypto market has been pretty turbulent recently.
SAND has done impressively in price movement, and I believe it has the potential to rebound with the market.
Of course, I say this for the following reasons:
- SAND is the second most valuable metaverse coin, ranked by Coingecko as of December 2021.
- The project is strongly backed by giant companies like Binance, SoftBank, Square Enix, etcetera
- It has great fundamentals and Animaco Brands, the company managing it, is worth over $2 billion
- SAND is tied to the growth of the Sandbox platform. For instance:
- Sandbox has one of the best NFT trading volume
- In March 2021, it announced its record-breaking NFT and land sales worth nearly $3 million. More news like this in the future could lead to the coin’s upward trend.
- Additionally, there has been alot of updates and partnerships made by the team to the development of the project.
- In June 2021, the team made an update to Sandbox’s VoxEdit to allow for seamless in-game asset creation.
- It partnered with Skybound Entertainment to integrate the ‘Walking Dead’ gaming experience into the Sandbox. This is just one out of the 160 Sandbox partnerships.
Please keep in mind that this is only my view, and it does not indicate that they are sufficient for the SAND price uptrend. Do your due diligence before investing.
Scroll down and we will conclude!
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Conclusion
Here we call it a wrap.
The Sandbox is a crypto project that I am personally excited about.
So far, it is growing rapidly, along with its token SAND.
And I believe the SAND token has a lot of potentials to rally, once the market recovers.
Now, it is over to you:
What do you think about the Sandbox?
Are you a Sandbox gamer? Tell me your experience
What is your prediction for the SAND token?
Share this post with your friends by clicking on the social media icons below.
Thanks for reading! Until we meet again on the flip side, cheers!
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