The Sandbox (SAND) Reaches Market Cap of $116.19 Million

The Sandbox (SAND) traded down 0.7% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on August 16th. In the last week, The Sandbox has traded 4.9% lower against the U.S. dollar. The Sandbox has a market capitalization of $116.19 million and approximately $7.36 million worth of The Sandbox was traded on exchanges in the last day. One The Sandbox token can currently be bought for $0.0396 or 0.00000063 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• UZDT (UZDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00001586 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 0.1% higher against the dollar and now trades at $62,944.57 or 0.99887523 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

The Sandbox Token Profile

The Sandbox’s genesis date was 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 official message board for The Sandbox is medium.com/sandbox-game. The Sandbox’s official Twitter account is @thesandboxgame and its Facebook page is accessible here.

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”

Buying and Selling The Sandbox

It is usually not presently 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, Gemini or Coinbase. 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