Decentralized application development platforms are becoming more intuitive to capitalize on the craving of more people in the gaming industry.
This is no doubt has seen an influx of more revolutionary gaming platforms in recent times that simulate more user-centric games in a more entertaining and engaging way than how it was in the past.
In recent years, investors who are more calculative in their prospective business opportunities have seen the rise of virtual worlds (metaverses) which have also become entwined with gaming platforms like The Sandbox project.
This project is a digital currency-based virtual world that allows users to create and play games within a gaming platform.
What is SANDBOX (SAND)
The creative game development company Pixowl, founded “The Sandbox” in 2012 as a mobile gaming platform that was intended for gamers on smaller devices?
Subsequently, it was transformed into a play-to-earn (P2E) blockchain version that allows users to create their own avatars to access the various hubs in more unique and decentralized environments adapting games on the crypto-based metaverse.
Founders of SANDBOX (SAND)
Sandbox (SAND) was founded by experienced game developers Sebastien Borget and Arthur Madrid and launched in 2018.
This caught the attention of gamers globally and created a wide range of opportunities for developers and gamers alike to expand their frontiers on the game metaverse.
It enabled the players to create their own Non Fungible Tokens (NFTs) developed on the Ethereum blockchain and create rewards as they participate in the ecosystem.
Sandbox (SAND)’s ecosystem is powered by the Ethereum blockchain.
Their platform enables users to build endless 3D items, ranging from buildings and vehicles to costumes and creatures in a virtual world with endless possibilities.
The users or gamers can subsequently add these items to the blockchain as NFTs, which can be sold on secondary NFT marketplaces such as OpenSea or The Sandbox’s crypto marketplace.
The beautiful experience in this virtual world of Sandbox is basically to empower your creative ability to use the requisite tools in order to construct, design, and eventually mint the product into an NFTs so you can monetize it.
Users can also immerse themselves into the applications and engage with the content that is built by other users in the process of playing such games and get paid for using the applications.
In order for players to participate in the blockchain version of the game, they are required to have the SAND token to trade ASSETS on the marketplace and buy LANDs, which are digital plots of land in the game.
They can also use the SAND token as a governance token to vote and propose improvements on the platform through a Decentralized Autonomous Organization (DAO) structure.
This seamlessly makes investing on the platform by the buying and selling of the virtual lands and properties on the platform without third-party intervention.
SAND has a market capitalization of over $2.5 billion, and it is ranked number 40 in the total available coins on Coinmarketcap and ranked number 47 on Coingecko respectively.
|Trading price||$1.22 per SAND|
|Features in||Top 45 crypto projects|
|Trading volume (24 hours)||Over $314.925 million|
|Market cap||Over $3.662 billion|
|All time high||$8.40 per SAND (25 November 2021)|
|All time low||$0.028977 per SAND (4 NOvember 2020)|
What is the SAND token?
SAND refers to the native currency in the SANDBOX gaming platform. It is an ERC-20 token powered by the Ethereum blockchain.
This also serves as an in-game currency that enables users to use SAND to purchase LAND and also pay for goods and services in Decentraland.
SAND tokens can be purchased from various centralized exchanges, decentralized exchanges, and swap services.
Due to the compatibility of SAND with various ERC-20 wallet platforms, individuals or users can store the SAND token comfortably on Ethereum compatible wallets such as the Klever Wallet.
Trade it on Klever Exchange
The Klever Exchange is obviously one of the best exchanges to trade SANDBOX(SAND) now, such that users with a Klever Exchange account would simply log in using all our secured protocols to ensure the safety of the user funds.
Alternatively, if the user is new to the Klever Exchange, they can easily create their own accounts and have access to the Klever trading platform.
The user can simply fund their exchange accounts by transferring crypto (USDT) to the exchange account.
You can take the following steps:
- First deposit USDT to your Klever Exchange account.
- After sending USDT to the address, the funds will be deposited and confirmed transactions on the blockchain.
- Once you have USDT in your account, it is possible to trade or exchange it for SAND within the Klever Exchange.
There are other market pairs within the Klever Exchange that give our users the opportunity to trade SAND seamlessly. The other pairs available on the Klever exchange include the following.
However, the Klever Wallet enables users to purchase SANDBOX (SAND) by using credit & debit cards through our integrated payment gateway partners, Simplex.com, Banxa, Moonpay, and Mercuryo.
The Klever team ensures that there are endless opportunities for traders to experience a satisfactory trading platform where trading is simple and less complicated using the best technology in a secure manner for user safety in a Klever way.