How to Buy The Sandbox (SAND) | Where, How and Why1 stycznia, 2022
SAND is the native token created by the publisher of The Sandbox, a play-to-earn blockchain game similar to the DeFi version of Minecraft and Roblox. SAND allows players to build a virtual world using non-fungible tokens (NFTs) on the Ethereum blockchain. Players can create their own NFTs to access the different games and hubs on The Sandbox metaverse.
Read on for our deep dive into the Sandbox Virtual World, the Sandbox SAND tokens, and learn how the world works and how to buy the Sandbox crypto.
Introduction: What You Need to Know About SAND
The Sandbox (SAND) is a gaming platform and a virtual world built on the Ethereum blockchain that allows players to monetize their gaming experiences. Players create blockchain-based assets in the form of NFTs and use them to build unique gaming universes utilizing various features such as water, dirt, people, technology, etc. These items may be collected, traded on the internal market, swapped with other players, and used to entice others to play the game you’ve established on your property. Sandbox, in other words, provides a decentralized and straightforward platform to users to create rich voxel worlds and gaming experiences and also safely store, trade, and monetize the produced material.
Sandbox has taken the gaming industry by storm, with more than 40 million downloads worldwide. It was initially launched in 2011 by Pixowl. In 2020, the co-founders Arthur Madrid and Sebastien Borget released the new Sandbox project, a 3D metaverse on the blockchain, to let users truly own their creations as NFTs and earn rewards while participating in the Sandbox ecosystem.
The platform comes with three key built-in tools:
VoxEdit allows you to design and animate voxel objects. These are ERC-1155 ASSET tokens, either ordinary or NFT. It’s expected that these game components will be exported to other games in the future, such as Minecraft.
Game Maker allows users to design their own 3D games and interactive installations without any programming skills. It also lets players develop ASSETs or digital assets (in the form of Non-Fungible Tokens, or NFTs), submit them to specialized marketplaces, and drag and drop them to create gameplay. Creators may monetize their games by using NFTs developed through VoxEdit.
However, this tool is only accessible in the Windows version.
The Marketplace serves as a trading platform for exchanging goods that have been pre-loaded into IPFS.
The Sandbox aims to let players build, own, and monetize their gaming experience using SAND, an ERC-20 utility token. SAND is the Sandbox ecosystem’s primary token and native cryptocurrency. Within The Sandbox metaverse, SAND allows users to play games, buy building materials, customize their avatars, purchase LAND, or trade ASSETS on the Sandbox Marketplace. SAND is also a governance token. SAND holders can propose and vote on changes to the platform through a Decentralized Autonomous Organization (DAO) structure. They can also stake SAND to earn rewards, including a share in the revenue from all transactions in SAND tokens.
SAND has a total market value of USD 3,000,000,000. The SAND coin isn’t designed to be a stablecoin. The price of SAND varies according to supply and demand and several other market factors. It’s determined by the success of the game and the condition of the ecosystem as a whole. If the game becomes more popular, more individuals will want to purchase Sand in order to acquire land and other in-game assets, resulting in a rise in the price of Sand.
A company reserve held around 25% of the total token supply. 17.18% went to the token’s seed sale; the founders and team members received roughly 31% of the overall token supply; around 12% of the total supply was set aside for the Binance Launchpad Sale, with the remaining 10% going to advisors.
Ways to Obtain SAND
So, how does one get SAND? Consider the following alternatives:
Purchasing SAND on Binance, FTX, KuCoin, CoinTiger, Mandala Exchange, Huobi Global, and other cryptocurrency exchangesConverting ETH to SAND on UniswapBuying SAND with a credit card as your payment method on SimplexGetting SAND through the Sandbox Ambassador programObtaining SAND via Community AirdropsWinning SAND in ContestsObtaining SAND through The Sandbox Referral program.
How to Buy SAND on Binance and Other Exchanges
Binance is one of the most popular crypto exchanges where you can buy SAND. It’s based in the Cayman Islands and is the largest cryptocurrency exchange in the world by trading volume. Binance charges low trading fees and facilitates crypto-to-crypto trade in over 500 cryptocurrencies and virtual tokens. On August 5th, 2020, the Sandbox launched its primary token sale on the Binance Launchpad, and SAND has been available on the exchange since August 14th of the same year.
Go to the right side of the screen, type “SAND” on the search bar to open up a list of the available SAND trading pairs. You can trade SAND tokens on Binance in the following pairs: SAND/BTC, SAND/USDT, SAND/BNB, and SAND/BUSD.
Follow these steps to start trading SAND tokens on the Binance platform:
Open an account on the Binance cryptocurrency exchange.Select the Buy Crypto button on the top of the Binance Home Page.Choose your preferred fiat currency.Select the quantity of fiat currency for your crypto purchase.Select the crypto coin you wish to buy and confirm all the relevant details.Select a payment option, i.e., your bank account, a wire transfer, a credit/debit card, etc.
If you want to buy cryptocurrency using your credit card or your Binance wallet, you must first verify your identity.
When using your Binance Cash Wallet, you’ll be directed to deposit your fiat cash first. The final confirmation box will show up once you click the button.
After purchasing BTC, USDT, or BNB, go to “Trade” and pick “Classic.”
You may acquire SAND on a growing number of cryptocurrency exchanges. Simply select a large exchange with an excellent reputation to start buying SAND right away. Here’s a list of popular crypto exchanges for different skill levels:
Most exchanges have similar requirements for creating an account; however, check the corresponding exchange’s official website for detailed information.
Exchange on UniSwap
If you have ETH, DAI, etc., you may easily exchange them for Sandbox SAND tokens on Uniswap, Gate.io, LATOKEN, etc.Detailed instructions are available on UniSwap’s official website. Alternatively, a crypto wallet, such as MetaMask, provides a swap feature.
Buy on Simplex using a credit card
Simplex has made it easy to purchase the main utility token of The Sandbox, $SAND, with a credit or debit card worldwide.
The Sandbox Ambassador Program
As a Sandbox Ambassador, you will have the opportunity to interact with other members of the SAND community. You will be expected to educate the community, manage the program’s channels, share your knowledge and feedback on various products, etc. Sandbox Ambassadors will be rewarded in SAND.
Obtaining SAND via Community Airdrops
The Sandbox DAO or The Foundation might decide to provide its community with regular $SAND airdrops to promote and drive innovation in The Sandbox ecosystem.
When used with the VoxEdit ASSET creation tool or the Game Maker drag and drop game builder, $SAND allows users to create truly immersive and engaging experiences.
Winning SAND in Contests
The Sandbox runs contests, challenges, and sweepstakes on its social media channels to promote its offerings regularly. Followers are offered the option to participate and get SAND rewards. There are also numerous possibilities to obtain some $SAND for free by participating in the community events and activities.
Obtaining SAND Through the Sandbox Referral program
On your “Me” page, on your account, there’s a special tracking link, which allows you to earn referral money for everyone who registers an account and makes a purchase on The Sandbox. For a 30 day period, you will get a commission of 10% of ALL purchases made by any referred account. So, if you recommend The Sandbox to a friend or colleague, be sure that they sign up using your unique link.
There will be no human participation in the procedure, i.e., all commissions will be paid automatically via smart contracts.
Where and How to Use SAND
SAND serves as the medium of exchange in the Sandbox ecosystem and is essential for any purchases on the Sandbox marketplace.
The following items can be purchased with SAND:
LANDASSETsgems and boostersAvatar settings
What Is LAND
On The Sandbox platform, LAND is a virtual land or a piece of real estate. It’s a one-of-a-kind ERC-721 token on the Ethereum blockchain. The Sandbox contains more than 160K LANDs, available for purchase using SAND and ether (ETH) via public LAND sales.
Players may monetize their game experience using LAND, i.e., charge other players who visit their LAND or play their games, receive SAND rewards by hosting content and events, and sell or rent their personalized LAND. Players may purchase LANDS and use the Game Maker tool to create their own versions of games utilizing ASSETS. They can also combine many LANDS to create an ESTATE.
What Are ASSETs
ASSETs are NFTs created by the user, i.e., voxel assets developed with VoxEdit and submitted to The Sandbox Marketplace, where they turn into NFTs and become available for purchase.
ASSETs can be used in various ways during the game, i.e., to customize the avatar’s appearance by attaching clothing or weapons, etc. There are physical assets, such as a structure, a moving animal, or an automobile, and environmental assets.
ASSETs may be used to create one-of-a-kind gaming experiences for individuals who develop their games using the Game Maker.
SAND holders can participate in the governance of the Sandbox platform. To post their voxel works on The Sandbox and earn money, voxel artists will need SAND tokens. SAND is also used in staking. Users obtain high-level gems and game boosters in exchange for their participation.
Some of the games on the Sandbox platform are free (F2P). Game creators reserve the right to charge players a modest number of SAND tokens for every game at their discretion. By participating in games, players have the chance to gain SAND.
Depending on your needs, you can also use SAND to employ game designers and artists to work on projects or develop ASSETS for your project.
Some game developers may give away SAND as a reward for participating in contests hosted on their LAND.
Crypto Wallets That Support SAND
Supports more than 1,500 different digital assets and a large number of coinsCutting-edge security featuresMinimalistic designNice and straightforward interfaceOne of the cheapest in the market.
Secure, open-source mobile app with biometric integrationPurchases with debit or credit cards and cash allowedProtected by encryption, biometrics, pin codes, and open-source programmingLow latency and quick bitcoin transactions.
Users have control over their private keysCompatible with Ledger Nano S and Trezor hardware walletsCompatible with the Changelly cryptocurrency exchangeToken swapping allowedUsers can store any bespoke ERC 20 tokens they createIncludes a large number of instructional resourcesWeb-based access to the system; offline transactions supported.
Free and simple to downloadStores a large number of different cryptocurrenciesAllows staking numerous digital assets and earning rewardsUsers have control over their private keys; the wallet’s servers don’t keep any information on the private keysCompatible with both iOS and Android.
How Secure Is The Sandbox Network
The SAND token is built on the Ethereum blockchain and is secured by a Proof of Stake consensus mechanism that doesn’t need vast amounts of electrical power or specialized computer gear to validate transactions. Proof of Stake transactions are more secure than the Proof of Work validations because validation is secured by a larger group of users, not just those engaged in mining.
Why You Should Buy SAND
The Sandbox is an interactive virtual world where users may create and share their own works. With the help of VoxEdit and Game Maker, players may design and develop their own NFTs, such as avatars, virtual items, and even games for their friends. The Sandbox Marketplace allows users to utilize virtual items to communicate with other players and commercialize their NFTs by exchanging them for real-world money.
New developments are on the way. Aside from new gaming and graphical improvements, blockchain technologies, such as smart contracts, trading platform advancements, and other services such as dApps, APIs, etc., will be added. Over the next five years, the concept will likely attract millions of new users.
The Sandbox is a compensation game that integrates blockchain technology, DeFi, and NFTs into a 3D metaverse. Its virtual world allows gamers to use free creative tools to develop and modify their games and digital materials. The content created by users can also be monetized as NFTs and sold on The Sandbox Marketplace for SAND tokens or used to enhance their gaming experience.
SAND tokens are required to purchase and sell non-fungible tokens (NFTs), such as LAND and ASSETs, on The Sandbox marketplace. SAND is also essential to engage in metaverse management.
There are various methods for obtaining SAND. The method you select should be based on the findings of your research. Before buying SAND, you should also consider your investment skills and goals, payment methods, types of wallets, accounts, etc.
This content should not be interpreted as investment advice. Cryptocurrency is a volatile market, do your independent research and only invest what you can afford to lose.