The Sandbox is a virtual game world. Through the functional token SAND based on Ethereum, players can create and have different game experiences and get benefits from it. Through the Sandbox Game Maker, game players can create digital assets (non-fungible tokens, also known as NFT), upload them to stores, and create game experiences by simple dragging and dropping.
The Sandbox aims to attract more crypto and non-crypto game lovers and bring the blockchain into the mainstream game world through the advantages of real ownership, digital scarcity, profitability and interoperability brought by blockchain technology.
How does Sandbox (SAND) Work?
The Sandbox is a virtual world game platform on Ethereum. Users can construct, own and sell in-game modeling and props.
SAND is the ERC-20 functional token in the Sandbox platform, which is used for transfer, collateralization and governance.
Sandbox is the ecosystem of players and creators, which consists of three main components: voxel editor (called "VoxEdit"), market and the game itself.
SAND holders can also participate in the governance of the platform through decentralized autonomous organizations (DAO), where they can vote on key decisions of the Sandbox ecosystem. As a player, you can create non-fungible tokens (also known as NFTs), upload them to the market, and then drag and drop them to create a game experience using the Sandbox Game Maker.
Players can collect tokens and resources and trade with other players, creators, artists, and investors on the platform. This business model is called "play-to-earn", because everything they collect in the game is really owned by the players. They can trade it to other players (in the market or outside other websites), transfer it to other players, and even resell it through our token $SAND.
What is the Sandbox (SAND)？
The Sandbox is a community-oriented platform. Creators can make use of voxel ASSET and game experience on the blockchain to obtain revenue.
Sandbox is a virtual world in which players can build, own and monetize their game experience in the Ethereum blockchain using the NFT and the platform's utility token $SAND. We will create a unique way to play in the virtual world, where you can play, create, collect, earn, manage and own anything in the game.
The Sandbox (SAND) Crypto Wallet
In addition to placing SAND in the Gate.io exchange to facilitate trading, SAND can also be placed in the crypto wallet.
Your cryptocurrency wallet will contain all your utility tokens and NFTs, such as LAND and ASSET, which will undoubtedly be very valuable and have a very high monetary value. For this reason, it is important to ensure the security and safety of your cryptocurrency wallet and any accounts associated with it.
There are two schools of thought in determining the price of The Sandbox.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of The Sandbox, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of The Sandbox from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of The Sandbox on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for The Sandbox as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for The Sandbox and the cryptocurrency market as a whole.
2. What is the highest price of The Sandbox in history?
The Sandbox achieved the all-time high of $8.40 in 2021-11-25, and is currently trading at $0.60.
3. What is the lowest price of The Sandbox in history?
In 2020-11-04, The Sandbox reached the all-time low of $0.029.
4. Should I buy The Sandbox now?
It is important to remember that The Sandbox, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.