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About SAND

An ERC-20 (built on the Ethereum blockchain), SAND is the utility token used throughout The Sandbox, a community-driven platform where creators can create their own virtual worlds. Within them, participants (creators and invited guests) can monetise assets and have gaming experiences – on the blockchain.

SAND facilitates all interactions and transactions in this decentralised virtual gaming world. SAND is also a token for governance. Holders call the shots and dictate direction.

SAND tokens facilitate LAND purchases, as well as all of the interactions with user-generated content. It can also be staked to participate in the governance of the decentralised autonomous organisation (DAO).

The Sandbox software leverages the Ethereum blockchain to track ownership of the digital LAND and NFT assets. Users further engage with its ecosystem using Ethereum wallets that hold their SAND tokens. 

Developers innovate within the Sandbox’s platform. Among the available tools: Voxel Editor. Users can create voxels, the smallest unit of three-dimensional design. They are used to digitally animate the realm. 

The result of a collaboration between Pixowl and onimatrix, The Sandbox 1.0 was first released in 2012. Six years later, game developer Animoca acquired Pixowl and announced its intentions to create a 3D world leveraging blockchain technology. 

In addition to utility and governance, SAND’s functions also include: creation and exchange of content; liquidity mining – token holders can stake them in the Sandbox pool; commission; and access to games.

According to its official whitepaper, the Sandbox platform’s primary mission is to introduce blockchain technology in mainstream gaming and facilitate the creative play-to-earn model.

The current price of SAND

As of early October 2021, SAND was roughly $0.75, or more than 2,500% higher than where it sat in November of 2020.

SAND's market capitalisation is roughly $600 million, making it the 127th-largest crypto asset, as ranked by CoinGecko.

In August of 2021, SAND reached its all-time high of $1.19 but has since lost roughly one-third of its value.

How the price of SAND is determined

SAND has a finite supply: 3 billion SAND tokens. It will not exceed this amount.

A utility token of The Sandbox’s ecosystem and the governance token of The Sandbox DAO, owners of SAND tokens get value from being able to shape the platform.

By focusing on user-generated content, Sandbox creates a metaverse of involved players contributing to the further upgrades, TheMarketPeriodical said. “Furthermore, the introduction of the SAND token by Sandbox encourages decentralised governance and enables users to share their beliefs and opinions about the project’s progress.”

What the bulls are saying

According to Tradingbeasts experts, cited by SimpleSwap, the Sandbox price will continuously grow in 2022. The development of the platform will continue and the scale of development will increase more and more.

What the bears are saying

”Bearish technicals buzz the warning alarm for traders and investors,” The Market Periodical said this past spring, pointing to $0.53 resistance levels (that were later overcome in August).

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This content is correct as of October 2021

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