Sand Token (SAND) Crypto Review 2024 by Tokize

€ 0.3101

-1.2678803947
Last updated 05:06:03 UTC
Market Cap
€ 707.33 Million
Fully Diluted Market Cap
€ 707.33 Million
Volume
€ 8.69 Million
Circulating Supply
2.28 Billion SAND

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Last updated at 05:15:03 UTC

Buy the-sandbox now

Over the past few years, the cryptocurrency market has simply exploded! It has strengthened considerably and seen many projects launched, with varying degrees of success. Among these projects is The Sandbox! This is a blockchain-based virtual gaming platform.

It enables users to create, share and monetize a whole range of actions and experiences. A solid team, powerful partnerships and the desire to profoundly change the Web 3.0 ecosystem are what make Sand Token such an interesting project. We’ll tell you the Sand Token value and much more in this complete review!

What is the Sand Token?

what is sand token

The Sandbox (Sand Token crypto – $SAND) is a cryptocurrency that came into being in 2019. It was created for use on the online gaming platform, The Sandbox. Without going into too much detail (as we’ll come back to this later), users can use this cryptocurrency to:

  • Invest in and buy plots of land in the metaverse;
  • Purchase skins, accessories and in-game characters;
  • Invest in real estate or NFTs;
  • Pay transaction fees.

An ERC-20 token, based on the Ethereum blockchain (read the review) and the Play-to-Earn model, which doesn’t aim to solve all the market’s scalability problems, but rather to enable players to have an unusual and friendly experience on the platform.

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

The $SAND story

The Sandbox entity came into being in 2019. Its founders are Sébastien Borget and Arthur Madrid. The two are well known in the world of video games, as they are also behind Pixowl, a gaming company based in San Francisco.

Since the announcement of its launch, The Sandbox has attracted a great deal of interest. In June 2020, The Sandbox announced that it had sold 3,400 virtual plots of land during its Initial Land Offering (ILO). The beta version of the game was officially released in August 2021, generating over $1.3 million in platform transactions… In a single day!

Sand Token Forecast and chart

Today, the stock price of the Sand Token to USD is around 0.53$. The average price target is $6.99 with a high forecast of $10.75 and a low forecast of $5.50. What about the Sand Token staking? You can stake the Sandbox’s LAND NFTs to earn daily rewards in SAND. Your total rewards depend on how much you have staked. Staking a low amount of SAND will mean you will only get back low rewards.

Why was the Sand Token designed?

$SAND is the native token of The Sandbox video game. It’s a gaming platform based on the Play-to-Earn model! Based on the Ethereum blockchain, the Sand Token makes it possible to pay for purchases (of goods, NFTs, skins, etc.) directly on the platform, while paying the transaction fees, thus strengthening and securing the network.

Finally, Sand Token is a digital asset whose sole purpose is to enable the Sandbox platform and the various associated video games to continue to live and be used. SAND token holders can use these tokens to purchase virtual land and digital real estate on the Sandbox platform, as well as to participate in the governance of the platform.

Playing The Sandbox is simple. All you have to do is go to the platform’s official website and register! You can then create your own video games using the GameMaker. You can also create your own NFTs with the VoxEdit NFT Creator. In short, the Sand Token ($SAND) is the key to bringing this whole ecosystem to life and making the most of it!

How does Sand Token work?

The Sand Token blockchain (SAND) is an ERC-20 token (Ethereum blockchain). As explained above, this token is used to purchase goods, items and other investments, as well as NFTs (non-fungible tokens), directly on The Sandbox platform. The Sandbox platform is based on a decentralized autonomous organization (DAO) where SAND token holders can participate in decision-making processes.

However, $SAND tokens are primarily used to purchase real estate on the Sandbox platform, which is offered for sale as NFT! Once the purchase has been made, owners can:

  • Create plots and homes;
  • Generate income through experiences offered to other users.

SAND tokens are also used to purchase other NFTs, such as avatars, clothing and other in-game assets. In short, the token’s functional application is primarily focused on the virtual gaming platform. Finally, Sand Box digital assets can be purchased like any other token. Simply visit your trading platform to invest.

Please note that Tokize does not offer investment advice. All we do is provide factual information on use cases and $SAND tokenomics. Our aim is not to push you to invest. Always do your own research before investing in a token.

Where can I buy $SAND?

Are you considering investing in The Sandbox? Would you like to learn more about the different places and platforms you can visit to buy this token safely?

Please note that not all exchange platforms support SAND. So it’s not possible to buy and trade SAND everywhere. However, we’d like to take a look at no less than 3 platforms that allow you to buy and resell $SAND, to help you invest, should you wish to go further!

Binance

buy sand token on binance

Binance is the world’s number one trading platform. It’s THE most popular exchange and, above all, the most liquid. Users can buy $SAND tokens, resell them and trade them against BTC or ETH.

To buy SAND on Binance, you’ll need to create an account and complete the necessary KYC (Know Your Customer) procedures. Once this has been done and validated by the Binance teams, you can fund your account with FIAT, BTC or ETH and start buying $SAND.

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

Kucoin

buy sand token on Kucoin

The second trading platform to support $SAND is Kucoin. This is a recognized and secure platform, which supports a number of trading tokens… Including $SAND, as you may have guessed. Once again, to position yourself on this token, you’ll need to meet KYC (Know Your Customer) requirements, wait for the application to be examined and validated, then deposit funds on your platform, so that you can then buy your $SAND or trade it against other pairs.

KuCoin

  • Wide range of cryptos
  • Advanced Trading Options
  • Competitive fees

Bithumb

buy sand token on bithumb

Bithumb is the third cryptocurrency exchange platform to go to, to buy, sell or trade $SAND! It may be the least well-known and least liquid of the three, but it’s still a very interesting one. It’s a great option if you want to opt out of the big platforms in favor of smaller entities. However, this means that they are less liquid, and so your orders may be on hold for hours or even longer! Bithumb is a CEX (centralized exchange), which means you’ll need to go through KYC to be able to trade.

So which platform should you choose? At Tokize, we recommend that you choose… Binance! It’s no surprise to anyone that Binance is a secure and liquid trading platform, enabling you to trade in just a few minutes on a variety of pairs, such as SAND/BTC, SAND/ETH and SAND/USDT. This opens up a wealth of possibilities, flexibility and opportunities. Add to this Binance’s advanced application and functionalities, such as margin trading and future trading, and you have a powerful ecosystem for investing.

Please note that Tokize does not offer investment advice. We simply provide factual information on use cases and $SAND tokenomics. Our aim is not to push you to invest. Always do your own research before investing in a token.

Sand Token Fear and Greed Index

Updated: 21 June 2024

Now: 40 Fear

Now: 40 Fear

Yesterday: 40 Fear

Last Week: 38 Fear

Is buying Sand Token a good investment?

Should we buy $SAND? Will the San Token recover? Or is it better to skip it? Clearly, the future of gaming and Play-to-Earn looks bright. Indeed, this ecosystem blends in perfectly with Web 3.0, and many projects seem to be launching on anything remotely related to the metaverse. As a result, the $SAND adoption curve is set to climb!

Add to this the fact that $SAND aims to fill certain gaps in the world of video games, by offering a decentralized, blockchain-based solution that enables developers to create, publish and monetize their content transparently, and you have a most interesting use-case.

One of the big advantages of $SAND is that it’s based on the Ethereum blockchain. In fact, the interoperability between the token and other ERC-20s opens up a wide range of possibilities and integrations. This feature not only enhances the user experience, but also promotes the adoption of blockchain technology by lowering the barriers to entry for developers and creators.

Finally, The Sandbox forges partnerships with tech giants. Whether these companies specialize in Web 3.0 (Polygon) or gaming (Atari), the names mentioned suggest that we’re on the right track! It’s easy to imagine that many projects are already underway.

But competition is fierce, and many cryptocurrency projects are being launched. Decentraland, for example, is one of Sandbox’s biggest competitors. What’s more, the market is not yet mature, which may lead many individuals to prefer to pull out or wait until the world of gaming, Play-to-Earn and Web 3.0. is more secure and better understood before investing anything in it.

The pros and cons of buying crypto Sand

  • $SAND has a real use case. Without the Sand Token, there’s no Sandbox, and therefore no P2E ecosystem!
  • The Sandbox has established itself as a major player in the gaming and Web 3.0 sectors.
  • $SAND has established partnerships with well-known companies in the video game industry. The project is managed by the two co-founders of a San Francisco-based studio.
  • The competition is getting tougher and tougher. Numerous projects are emerging as alternatives to The Sandbox.
  • We’re still in the early days of gaming – web 3.0. – P2E. There’s no guarantee that this type of project will be adopted and deployed on an even larger scale.
  • The cryptocurrency market is still quite immature. There’s a lot of volatility and uncertainty, which can be a drag on overall adoption.

Our Final Opinion on the Sand Token?

In concrete terms, what do we think of $SAND and The Sandbox? Will the Sand Token go up? The universe proposed by the company is stimulating, interesting and innovative. There’s nothing to say about that! The Play-to-Earn model is attractive, and the Sandbox ecosystem is perfectly calibrated, with numerous projects and more than solid foundations.

One of the project’s strengths is its experienced development team and partnerships with major game companies such as Atari and Square Enix. In addition, the project’s unique use case and growth potential in the gaming industry make it an attractive investment opportunity for those interested in both cryptocurrencies and gaming.

What about the Sand Token prediction? The gaming industry is constantly evolving, as is that of Web 3.0. Sandbox’s greatest challenge will be to adapt and offer new applications and use cases for its platform, so as not to be affected by market fluctuations. The collapse of NFT exchanges could be detrimental! However, the Sand Token future looks rather interesting and timely.

Please note that Tokize does not offer investment advice. We simply provide factual information on use cases and $SAND tokenomics. Our aim is not to push you to invest. Always do your own research before investing in a token.

FAQ - Frequently asked questions about Sand

The Sand Roken ($SAND) is the native token of The Sandbox platform. It’s used to buy skins, NFTs, etc. directly on the platform.
The Sandbox is the parent company behind $SAND. It’s a P2E (Play-to-Earn) gaming platform.
To buy $SAND, you can go to a number of platforms, including Binance, the best-known and most liquid on the market.