- The SAND token returned gains of over 3121% in the past 12 months.
- The token’s maximum and total supply is three billion.
- The SAND touched an all-time high of US$8.44 in November 2021.
The Sandbox (SAND) crypto token gained traction on Tuesday, rising over 12%, while its 24-hour trading volume increased by more than 13%.
What is Sandbox (SAND) crypto?
Sandbox is a virtual world based on the blockchain that allows users to create, build, and trade digital assets in a game.
Mobile game developer and publisher Pixowl Inc. had launched the token in 2011.
Its decentralized platform combines the power of decentralized autonomous organizations (DAO) and non-fungible tokens (NFT) for hassle-free gaming activities. According to its whitepaper, it aims to popularize the technology in the mainstream gaming market.
It provides a creative "play-to-earn" model, enabling users to simultaneously create and participate in a game. Its SAND utility token powers the platform for ease of transactions.
The SAND token is a standard ERC-20 token, meaning its owners can stake and earn staking rewards. Pixowl CEO Arthur Madrid is one of the co-founders of Sandbox.
The token’s maximum and total supply is three billion. The current circulating supply is 922.23 million. It is available for trading on Binance, Uniswap (V2), LATOKEN, etc.
SAND token price and performance
The SAND token was priced at US$3.02 at 7:42 am ET on January 25, up 12.11%. It has a market cap of US$2.78 billion, and its fully diluted market cap is US$9.04 billion. Its trading volume in the last 24 hours to Tuesday morning was US$871.23 million, an increase of 13.80%.
The SAND token saw the highest price of US$8.44 and the lowest price of US$0.07633 in the last 52 weeks. It logged an all-time high of US$8.44 on November 25, 2021.
The SAND token returned around 3121% gain in the past 12 months. However, the overall cryptocurrency market has been volatile lately.
Prices of top cryptocurrencies Bitcoin and Ethereum saw a sharp decline over the past week. Hence, investors should carefully evaluate the market before investing in digital assets.