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The Sandbox (SAND)SAND
$1.3115
311.85%
The Sandbox (SAND)
SAND Price
$1.3115
311.85%
Rank
#40
Market Cap (1Y)
$1.62B
623.29%
Volume (1Y)
$596.45B
1,550.75%
Circulating Supply
1,232,664,778
Transp. Vol.
Grade
1H1D1W1M1Y
+311.85%
ETH0x3845b...903a5d0
ETH
Verify address & DYOR
Contract
ETH0x3845b...903a5d0
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttp://www.sandbox.game/
CommunityTwitterTelegramDiscordGithubMediumYouTubeFacebook
SAND is a utility token that was issued by a cryptocurrency platform Sandbox based on the Ethereum platform. The compan...Read more
The Sandbox logo
SAND
United States Dollar logo
USD

The Sandbox Price (SAND)

SAND Yearly Performance

Today's The Sandbox price is $1.3115, which is up 312% over the last 12 months. The Sandbox's market cap is $1.62B. 1 year SAND volume is $596.45B. It has a market cap rank of 40 with a circulating supply of 1,232,664,778 and max supply of 3,000,000,000. The Sandbox is traded on exchanges. The Sandbox had an all-time high of $7.5945 6 months ago. Over the last year, The Sandbox has had 0% transparent volume and has been trading on 241 active markets with its highest volume trading pairs being .

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The Sandbox Statistics

The Sandbox Price (1yr)$1.3115 (+311.85%)
Market Cap$1.62B (+623.29%)
Trading Volume (1yr)$596.45B (+1,550.75%)
Transparent Vol. (1yr)
Unknown
Transparency GradeUnknown
Circulating Supply1,232,664,778 (41.09%)
All-Time High
$7.5945-82.73%
11/28/2021 (6 months ago)
7D Price Prediction
N/A

Price

$1.3115
Price Change
$0.993094 (311.85%)

All-Time High

$7.5945
Date of ATH11/28/2021
Days Since ATH181
% of ATH17.27%
Price vs ATH

Market Cap

$1.62B
Mkt Cap Change
$1.39B$1,393,180,666 (623.29%)
Mkt Cap Rank40
Mkt Dominance
Mkt Dominance

Circulating Supply

1,232,664,778
Max Supply3,000,000,000
% in Circulation41.09%
% in Circulation

About The Sandbox

SAND is a utility token that was issued by a cryptocurrency platform Sandbox based on the Ethereum platform. The company that developed the platform is Pixowl, a game studio founded in San Francisco in 2011. The company started its activity as an indie game studio focused on user-created content (UCC). For instance, in 2012 it created a 2D pixel art world for makers, i.e. gamers who wanted to develop and share their games. In 2018, the company was acquired by Animoca Brands.

The members of the ecosystem can create NFT assets and upload them to the facility using its product known as the Sandbox Game Maker. This is the biggest game franchise in the world using independent user-generated content.

The goals of Sandbox

The platform tries to resolve several problems it encountered building the system, in which creators can not only craft and play their gaming content, but feel free to share and trade it keeping the copyright ownership secure. One of such challenges is the difficulty of proving the ownership of works, especially, after their modification. As for financial aspects, the problems here arise as game marketplaces are based on fiat money.

Sandbox platform and technologies

Sandbox presents itself as a virtual world for customers who can develop the gaming content and monetize it with the help of a native token SAND, issued for this purpose. The blockchain-based project enabled integration with NFT thus providing incredible opportuning for gamers who want to earn on gaming items created by them.

A DAO structure chosen by the company implies the participation of the ecosystem members in the governance. Exercising their voting rights, the members can decide on such issues as Foundation grants delivered to promising creators, or the platform’s priorities for the achievement of goals specified in its roadmap. The voting rights can be delegated to other people on the platform.

The platform uses advanced technologies such as the innovative 3D voxel engine that contributes to the creation of a rich gaming environment. The team developed NFT maker VoxEdit and has over 1000 highly engaged creators that can get grants via the Creator Fund. This is voxel modeling software enabling rigging and animation of models. VoxEdit presents powerful tools, user-friendly UI, and an easy-to-use timeline for simple modeling and animation. The software employs a skeletal system with hierarchies similar to the ones found in such professional 3D software as 3D Max, Maya, etc., which allows the animation of ASSETS. The ASSETS were developed as ERC-1155 tokens as this standard helps to track token ownership. Each item has a unique identifier and properties preserved in the metadata. As game items are tokenized as NFTs, their owners can transfer them from one game to another.

The smart contracts of the company are open-source and audited by Certik for security. The score of security is 93/100, which is one of the highest in the industry.

SAND token

SAND is a utility token required to get access to the Sandbox platform. It provides immediate liquidity to the members of the ecosystem, whether they play the games or just invest in them. It is used to access the games, acquire equipment and customize the Avatar character. It is also employed to buy ASSETS and LANDS. The financial system created in the metaverse aims at replicating the real-world economy.

SAND is used for governance. Customers can stake SAND and get passive revenues, which depend upon the volume of stake. It is necessary to get Gems and Catalysts, which are required for the creation of ASSET and can’t be obtained otherwise.

The platform with a fee capture model gives 5% of the transaction volume to the platform allocating half of it to the Foundation and half to the staking pool as rewards to the holders of SAND.

In 2019, the platform raised 3.4 mln USD in a seed round. Also, in December 2019, two rounds of LANDS presale were arranged when the company obtained its first revenue 1400 ETH, which was evaluated at about 300,000 USD at that time. At the beginning of 2020, the platform had rounds 2 and 3 of LAND presales when 5% and then 10% of the Map was sold in hours. More than 10,000 sections of virtual real estate were sold. Round 4 opened in summer 2020. Also, the company arranged LAND MoonSale and conducted 6 rounds of sales successfully.

Sandbox team and partnerships

The company has offices and FTEs in Argentina, France, Korea, and Japan. The core development team includes about 40 employees. Arthur Madrid, a CEO, previously founded the social media network Wixi.com and 1-click Media, a video-on-demand platform.

It is reported that the company started cooperation with over 50 gaming companies and projects such as Atari, Shaun the Sheep, Crypto Kitties, etc. to strengthen the company. The company also partners with SBS Seoul Game Academy thus reaching out to its 2,000 students.

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The Sandbox Markets

(Top 10)
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The Sandbox Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current The Sandbox price? How much is 1 The Sandbox worth?

    The price of 1 The Sandbox is $1.3115. Visit our currency converter page to convert SAND prices to currencies other than USD.
  • When did The Sandbox start?

    The earliest trading data for The Sandbox is on August of 2020 (based on current exchange data).
  • How high can the The Sandbox price go?

    The Sandbox’s price has gone as high as $7.5945 (which is SAND’s all-time high). It achieved this price 6 months ago. Speculations abound for how high The Sandbox’s price will get in the future.
  • What's the smart contract address for The Sandbox?

    The Sandbox's smart contract address is 0x3845badade8e6dff049820680d1f14bd3903a5d0.

Today's SAND / The Sandbox News for May 28, 2022

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