The Sandbox Hits Market Cap of $1.27 Billion (SAND)

By September 21, 2022The Sandbox
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The Sandbox logo
The Sandbox logo

The Sandbox (SAND) traded 0.6% lower against the US dollar during the 24-hour period ending at 7:00 AM E.T. on September 21st. One The Sandbox coin can currently be purchased for $0.85 or 0.00004427 BTC on major exchanges. The Sandbox has a total market cap of $1.27 billion and $185.03 million worth of The Sandbox was traded on exchanges in the last day. Over the last seven days, The Sandbox has traded down 5.2% against the US dollar.

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

  • Tarality (TARAL) traded 11.3% lower against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded 213.7% higher against the dollar and now trades at $517.71 or 0.02213862 BTC.
  • Bitsubishi (BITSU) traded 97.5% lower against the dollar and now trades at $502.75 or 0.02537678 BTC.
  • P2P Solutions foundation (P2PS) traded 4.7% higher against the dollar and now trades at $24.19 or 0.00126607 BTC.
  • Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00005234 BTC.
  • USD Coin (USDC) traded up 0% against the dollar and now trades at $1.00 or 0.00005234 BTC.
  • Sweet SOL (SSOL) traded up 600.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Wrapped Cardano (WADA) traded 0.9% higher against the dollar and now trades at $0.45 or 0.00002367 BTC.
  • Enegra (EGX) (EGX) traded down 0.9% against the dollar and now trades at $166.00 or 0.00868741 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.

The Sandbox Coin Profile

The Sandbox was first traded on October 29th, 2019. The Sandbox’s total supply is 3,000,000,000 coins and its circulating supply is 1,499,470,108 coins. 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. The Sandbox’s official website is www.sandbox.game/en.

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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.”

Buying and Selling The Sandbox

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

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