Sandbox (SAND) - a cryptocurrency that creates a virtual world

On the cryptocurrency market, we also have bulls for individual segments. There were already dogs (pieseły?), I.e. tokens based on memes with dogs, there were broadly understood DeFi and NFT. Currently, the loudest is about cryptocurrencies needed in computer games. One of them is Sandbox and her token SAND. Is the increase by 246,2% during the month the beginning of the great boom of this gaming token?

We are continuing the cycle of the Forex Club portal in which we analyze and describe the largest, highest-valued, most interesting, most developing, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Sand - the Sandbox cryptocurrency, which is one of the strongest representatives of the so-called the gaming sector.

Be sure to read: Axie Infinity (AXS) - A token from a game that becomes a global hit

What is Sandbox

A still from the game Sandbox

Sandbox is a computer game, but definitely more advanced than, for example, Second Life, known to us from years ago, where an alternative world was built. Here we are based on extensive blockchain technology, which allows you to own and build resources NFTthat only we can use in the game. 

"- The idea of ​​blockchain in the metaverse is to build a new kind of digital assets to create them based on ownership and manage them in any way" - explains the co-founder of The Sandbox Arthur Madrid.

In the game itself, you can buy and sell NFT assets, and create them based on animals, vehicles, tools or characters. It looks a bit like this Minecraftbut there, anyone can destroy the world we have built or rebuild it. There is, however, ownership in Sandbox - based on NFT. What's more, we can transfer the created works to other compatible games. Or sell Sandbox on the market - completely legal, no combination. It is the ease and economic transparency that is one of the strengths of this game. 

- "Sandbox offers everyone access to a new economic model where players and creators are fully involved in the value chain and can benefit from a new content platform paradigm." Arthur Madrid underlines.

How the SAND token works

To operate on the platform, and especially to buy anything on it, we need Sand tokens. To use them, just create an account on the Sandbox website and connect your wallet to it Dappradar with purchased tokens. Then they appear on your profile and can be used in-game. 

What will we buy for them? We will improve our equipment or invest in land, virtual of course. In your own federal states you can organize events, invite other players, rent them and sell them. And it is with huge profit. Plots of land purchased a few weeks ago for approx. USD 36, today can be sold for the equivalent of 8 thousand. USD.

You can also combine plots of land to build districts where we can establish our own laws that must be followed by everyone living there. And there is no shortage of these, because since 2012 the game has been downloaded by over 40 million people, of which several million are still active. From 2020, the game is based on blockchain technology, which has, in a way, forced the issuance of the native Sand token.

25,82% of the supply of tokens was stopped by Pixowl, the company that produced the game. 31% was distributed between the founders and team members. Part of it was spent on marketing, which has already brought results: cooperation with such big players as The Smurfs, Atari, Dear Bears or even CryptoKittiesthat already have their worlds in the game, emphasizing that its creators also care about ecology - Sandbox uses 100 times less energy than Ethereum.

Sand cryptocurrency quotes

As of November 30, 2021, Sand tokens can be traded on 42 Cryptocurrency exchanges from around the world. There are 892 of the target 246 tokens in circulation, valued at $ 119 apiece, translating to a market cap of more than $ 3 billion. The peak of trading was on November 000, 000, when each Sand token was paid $ 000.