What is the Sandbox (SAND) crypto?

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What is the Sandbox (SAND) crypto?

 What is the Sandbox (SAND) crypto?
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Highlights

  • 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.

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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.

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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.

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The Sandbox (SAND) crypto gave a return of over 3121%

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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.

Also Read: What is LCX (LCX) token? All you need to know

Bottomline

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.

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