SAND is the utility token used in the ‘The Sandbox’ web3 game. Yes, it comes with a built-in ‘The’ on its name.
This Minecraft-inspired game is built on top of blockchain technology and it allows users to trade in-game digital assets like land, decorations, character customizations, etc. the built-in marketplace.
It’s just like the collectibles section on eBay, only for virtual stuff. The software has been downloaded over 40 million times.
This article takes a deep dive into the ‘The Sandbox’ game and its native token SAND.
We will go into the economics of the token and the philosophy of the game.
We will also analyze the price movements of SAND and try to make reasonable forecasts of the token’s future prices.
Let’s dive right in without any further ado.
What is The Sandbox?
As I said, The Sandbox is a free-to-play web3-based PC game.
Pixowl launched The Sandbox in 2012 as a 2D-pixel art game.
By mid-2018, Animoca Brands acquired Pixowl intending to make it 3D.
The Sandbox currently brings in 1 million active users per day.
The platform calls itself a metaverse with 166,464 virtual LANDs.
The ecosystem also offers no-code tools to create and monetize content.
The Sandbox stands out from the other games in several ways, in the sandbox genre and otherwise. Let’s check them out.
Unique Features of The Sandbox
- User-Generated Content: The Sandbox places immense focus on user-generated content. In addition to being passive participants, the players are also creators who can design their virtual worlds, characters, and games.
- LAND Tokens: In The Sandbox, virtual real estates are tokenized as LAND NFTs. Users can purchase, trade, and utilize these tokens to create their in-game stuff.
- ASSET Tokens: ASSET tokens represent other in-game assets and elements, such as characters, items, and customizations. Creators can design and mint ASSET tokens.
- Gaming Experience: The Sandbox offers players a variety of gaming experiences, from adventure quests and platformers to puzzles and simulation games.
- Play-to-Earn (P2E): The Sandbox embraces a “Play-to-Earn” model, where players can get tangible rewards for playing games. Creators can monetize their virtual creations by earning these tokens.
- Metaverse Interoperability: The Sandbox aims to become interoperable with other blockchain-based metaverses, to allow sharing of assets and experiences across different virtual worlds.
The Sandbox Tokenomics
SAND is an ERC-20 token, that powers all the ecosystem transactions and interactions.
It serves as the in-game currency and has utility within the governance model of the platform.
The maximum supply of SAND is capped at 250,000,000 tokens and is expected to be fully vested by early February 2025.
The initial distribution of SAND tokens is as follows.
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The Sandbox Price Forecast
As per the data on CoinMarketCap, SAND is currently traded at $0.4599. That’s some seriously expensive sand!
Though past performance is no guarantee for future returns, looking at past trends gives us valuable clues about the price movements of the future.
The Sandbox was released in 2012 with negligible trading volumes. SAND took off in 2021 hitting an all-time high of $$7.1735 by the end of the year.
The prices gradually corrected to $0.8591 by mid-2022.
From that point, the price has remained more or less flat throughout the year until it started to gradually crash again in 2023 when the prices reached $0.2874 in October.
2024 has been a mixed bag for The Sandbox.
SAND currently has a 24-hour trading volume of over $80 million and a market cap of a little over a billion dollars.
Technical indicators suggest that, in the last 30 days The Sandbox has had 16 green days and 14 red days.
It is also observed that, at 57 percent, the bullish sentiments marginally exceed the bearing sentiments.
SAND will gain 3.7 percent by February 9.
Where To Buy The Sandbox?
You have a wide range of options if you are planning to buy The Sandbox. You can choose from a DEX, CEX, or even a traditional broker. You can find the lists below.
Decentralized Exchanges (DEXs)
Centralized Exchanges (CEXs):
How To Buy The Sandbox?
As I have already mentioned you have quite a few options to buy SAND, the preferred route is via a centralized exchange.
It strikes the balance between security and convenience.
First sign in to your CEX. If you don’t already have an account, create one. It’s easy.
Once it’s out of the way, you must deposit your investment in the form of any of the fiat currencies or a major cryptocurrency like Bitcoin or Ether.
Navigate to the trading section on the platform and search for the currency combination you want to transact with– SAND/BTC for instance.
If you are making a significant purchase, move the tokens to a secure wallet.
The Sandbox offers some unique features thanks to its integration with web3.
SAND token offers a great solution for players to use the rewards they earn in a virtual gaming world in real life.
The platform continues to attract a large player and creator base since its inception over a decade ago.
The trading volumes are also favorable for buying.
However, it should also be kept in mind that the cryptocurrency market is highly volatile and susceptible to large price drops within a short time.
Do some serious research before putting your hard-earned money into these financial instruments. Also, make sure that you are not putting any money you can’t afford to lose into crypto.
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