The Sandbox Reaches Market Capitalization of $116.16 Million (SAND)

The Sandbox (SAND) traded 2.5% lower against the dollar during the 24-hour period ending at 10:00 AM Eastern on August 12th. One The Sandbox token can now be bought for about $0.0395 or 0.00000062 BTC on cryptocurrency exchanges. Over the last week, The Sandbox has traded 4.5% lower against the dollar. The Sandbox has a market capitalization of $116.16 million and approximately $9.99 million worth of The Sandbox was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• UZDT (UZDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00001572 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.5% lower against the dollar and now trades at $63,738.13 or 1.00224686 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About The Sandbox

The Sandbox launched on October 29th, 2019. The Sandbox’s total supply is 3,000,000,000 tokens and its circulating supply is 2,937,639,702 tokens. The official website for The Sandbox is www.sandbox.game/en. The Sandbox’s official Twitter account is @thesandboxgame and its Facebook page is accessible here. The Sandbox’s official message board is medium.com/sandbox-game.

According to CryptoCompare, “The Sandbox is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. SAND holders will be also able to participate in the governance of the platform via a Decentralized Autonomous Organization (DAO), where they can exercise voting rights on key decisions of The Sandbox ecosystem. As a player, the user can create digital assets (Non-Fungible Tokens, aka NFTs), upload them to the marketplace, and drag-and-drop them to create game experiences with The Sandbox Game Maker. As the Sandbox virtual world is built on top of the Ethereum blockchain, it is secured by the proof-of-stake (PoS) consensus mechanism. The SAND token is a standard version ERC-20 token, which means owners can stake it and benefit from staking rewards. Unlike the proof-of-work (PoW) consensus mechanism employed by the Bitcoin blockchain, PoS does not require vast amounts of electrical or computing power to validate transactions. It relies on stakeholders with the largest holdings in SAND tokens. The PoS consensus mechanism allows for a lot of diverse applications while still ensuring the security of staked funds. Telegram, Discord, Facebook, Instagram, YouTube, Twitch, GitHub, MediumWhitepaper”

The Sandbox Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as The Sandbox directly using US dollars. Investors seeking to trade The Sandbox should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy The Sandbox using one of the aforementioned exchanges.

SAND/USD price chart by TradingView