The Sandbox (SAND) Market Cap Hits $1.28 Billion

The Sandbox (SAND) traded down 11.3% against the US dollar during the 24 hour period ending at 8:00 AM E.T. on January 13th. Over the last seven days, The Sandbox has traded down 23.9% against the US dollar. The Sandbox has a market cap of $1.28 billion and approximately $199.65 million worth of The Sandbox was traded on exchanges in the last day. One The Sandbox token can now be purchased for about $0.52 or 0.00000578 BTC on popular exchanges.

Here is how other 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 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.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 3.8% against the dollar and now trades at $90,529.14 or 0.99725830 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 3.9% against the dollar and now trades at $89,811.27 or 0.98935031 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

The Sandbox Profile

The Sandbox’s launch date was October 29th, 2019. The Sandbox’s total supply is 3,000,000,000 tokens and its circulating supply is 2,445,857,126 tokens. The Sandbox’s official message board is medium.com/sandbox-game. The Sandbox’s official Twitter account is @thesandboxgame and its Facebook page is accessible here. The Sandbox’s official website is www.sandbox.game/en.

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 US dollars. Investors seeking to acquire The Sandbox should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy The Sandbox using one of the aforementioned exchanges.

SAND/USD price chart by TradingView