How to Buy The Sandbox (SAND) | Where, How and Why
If you are wondering how to buy SAND and searching for answers, then you are on the right track. Continue reading this article till the end to find out not only how to buy, but also where to buy and for how much. You will also be able to determine whether it is worthwhile. Feel free to browse through it and read more about it. Introduction: What You Need to Know About SAND The Sandbox (SAND) is an ERC-20 token that was developed on the Ethereum platform. It is The Sandbox ecosystem’s primary utility token and native cryptocurrency. It is […]
If you are wondering how to buy SAND and searching for answers, then you are on the right track. Continue reading this article till the end to find out not only how to buy, but also where to buy and for how much. You will also be able to determine whether it is worthwhile. Feel free to browse through it and read more about it.
Introduction: What You Need to Know About SAND
The Sandbox (SAND) is an ERC-20 token that was developed on the Ethereum platform. It is The Sandbox ecosystem’s primary utility token and native cryptocurrency.
It is stated that by utilizing The Sandbox Game Maker, players can 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.
The SAND 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 virtual goods developed can subsequently be commercialized as NFTs and sold on The Sandbox Marketplace for SAND tokens.
SAND is required to purchase and sell non-fungible tokens (NFT) from The Sandbox marketplace, such as LAND and ASSET. SAND is also essential to engage in metaverse management.
SAND has a total market value of USD 3,000,000,000. It is not designed to be a stablecoin. The price of SAND varies according to supply and demand, and several other market factors. It is determined by the success of the game as well as 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
How does one get SAND? Consider the following alternatives:
- Purchasing SAND on Binance and other crypto exchanges
- 2. Using Uniswap to convert ETH to SAND
- 3. Using Simplex to buy SAND with a credit card
- 4. Getting SAND through the Sandbox Ambassador program
- 5. Obtaining SAND via Community Airdrops
- 6. Winning SAND in Contests
- 7. Obtaining SAND through The Sandbox Referral program
How to Buy SAND on Binance and other exchanges
Binance is the most popular and largest cryptocurrency exchange in terms of trading volume. It 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 it has been available on the exchange since August 14th of the same year.
SAND tokens are available for trading on Binance in the following pairs:
SAND/BTC, SAND/USDT, SAND/BNB, and SAND/BUSD
Follow these steps to begin acquiring $SAND tokens on the Binance Platform:
1. Open an account on the Binance cryptocurrency exchange.
- Select the Buy Crypto button at the top of the Binance Home Page.
- Choose your preferred currency.
- Select the quantity of fiat currency you want to trade in order to commence your cryptocurrency purchase.
- Finally, select the crypto coin you wish to buy and confirm all of the relevant details.
- Different payment options are supported for various fiat currencies. As a result, you must make an informed decision.
If you want to buy cryptocurrency using your bank card or the money in your Binance wallet, you must first validate your identity.
When you pick up the balance in your Binance Cash Wallet, you will 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 exchanges, including:
Most exchanges feature account creation methods that are similar to Binance’s. For information on how to set up your account, consult and/or communicate with each site.
Exchange at UniSwap
If you have ETH or DAI, you may easily exchange them for SAND tokens on the exchanges stated above, as well as on Uniswap, Gate.io, and LATOKEN. Purchase instructions are available on the project’s official website. Other cryptocurrencies can also be swapped with SAND. Alternatively, some wallets, such as MetaMask, may provide a swap feature.
Buy at Simplex using a credit card
Thanks to their collaboration, Simplex has made it easy to purchase the main utility token of The Sandbox, $SAND, with a credit or debit card from any location in the world.
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 and manage the program’s channels, as well as to share your knowledge and feedback on various products and assist with a number of other responsibilities. These participants will be rewarded in SAND.
Obtaining SAND via Community Airdrops
It is possible that The Sandbox DAO or The Foundation will decide to provide its community with periodic $SAND airdrops in order to promote and drive innovation in The Sandbox ecosystem from time to time. When used with the VoxEdit ASSET creation tool or by generating immersive interactive experiences using the Game Maker drag and drop game builder, $SAND allows creators to create truly immersive and engaging experiences.
Winning SAND in Contests
On a regular basis, The Sandbox runs contests, challenges, and sweepstakes on its social media channels to promote its offerings. This provides followers with the option to participate and be rewarded in SAND. While there may be a limited quantity of $SAND available in total, there are numerous possibilities to obtain some for free by participating in the community events and activities.
Obtaining SAND through The Sandbox Referral program
After login into your account, you will see a special tracking link in your “Me” page, which will allow you to earn referral money for everyone who registers an account and makes a purchase in The Sandbox. For a 30 day period, you will get a commission of 10% of ALL purchases made by any referred account. Consequently, if you recommend The Sandbox to a friend or colleague, be certain that they sign up using your unique link.
There will be no human participation in the procedure as all commission fees will be paid automatically via the use of smart contracts.
Where and How to Use SAND
When it comes to the Sandbox ecosystem, SAND serves as the medium of exchange, and it is essential to make purchases in the Sandbox marketplace.
The following items can be purchased with tokens:
- gems and boosters
- Avatar settings
What is LAND?
In 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 network. The Sandbox contains more than 160K LANDs.They are available for purchase using SAND and ether (ETH) via public LAND sales.
Players may monetise their game experience using LAND. They may, for example, charge other players who visit their LAND or play their games, receive SAND rewards by hosting content and events, or possibly 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 is ASSETs?
ASSETS are NFTs that have been created by the user. They are voxel assets developed with VoxEdit and then submitted to The Sandbox Marketplace where they are turned into NFTs and made available for purchase.
ASSETS can be used in a variety of ways during the game. They can be physical assets, such as a structure, a moving animal, or an automobile, as well as environmental assets. They may also be used to customize the avatar’s appearance by attaching clothing or weapons to him. ASSETS may be used to create one-of-a-kind gaming experiences for individuals who are developing their games using Game Maker.
SAND holders have the opportunity to participate in the administration of the Sandbox platform. To be able to post their voxel works to The Sandbox and earn money from them, voxel artists will need SAND tokens.
SAND is also employed in the process of staking. Users obtain high-level gems and game boosters in exchange for their participation.
Some of the games on the Sandbox platform will be available for free (F2P). The game creator reserves the right to charge players a modest number of SAND tokens every game at his or her discretion. By participating in games, players have the ability to gain SAND.
Use SAND to employ game designers and artists to work on projects, or to assign them the task of developing ASSETS for your project, depending on your needs.
Some game developers may give away SAND as a reward in contests hosted on their LAND.
Crypto Wallets that Support SAND
- A large number of coins are supported. Supports more than 1,500 different digital assets
- Cutting-edge security features.
- Design is kept to a minimum.
- The wallet software has a nice user interface and is straightforward to use.
- One of the cheapest in the market
- Its open-source nature and biometric integration show the mobile app development team’s commitment to security.
- The software streamlines crypto trades by allowing purchases using debit, credit, and even cash.
- To protect the app’s integrity, it uses encryption, biometrics, pin codes, and open-source programming.
- The program has low latency and processes bitcoin transactions quickly.
- Allow the users to have control over the private keys.
- This software is compatible with the hardware wallets Ledger Nano S and Trezor
- Compatible with the Changelly cryptocurrency exchange
- It provides a capability for token swapping.
- It enables users to store any bespoke ERC 20 tokens they create.
- It includes a large number of instructional resources.
- Web-based access to the system; offline transactions are supported.
- Downloading is completely free and simple.
- Stores a large number of different cryptocurrencies.
- Allows for the staking of numerous digital assets and the earning of rewards on those assets.
- Individuals maintain control over their private keys, and the wallet’s servers do not keep any of the private keys.
- Compatibility with both iOS and Android smartphones is provided.
How Secure Is The Sandbox Network?
In order to protect the Sandbox virtual world, which is constructed on top of the Ethereum blockchain, the proof-of-stake (PoS) consensus process is used.Its holders will be able to stake their SAND tokens and profit from staking rewards as long as the SAND token is an ERC-20 standard version of the ERC-20 token.
Because it does not require massive quantities of electrical or processing capacity to confirm transactions, proof-of-stake (PoS) consensus mechanisms, such as those used by the Bitcoin blockchain, are more popular. It is reliant on the stakeholders who have the highest holdings of SAND tokens in order to function. Although the Proof-of-Stake consensus process allows for a wide range of applications, it nevertheless maintains the security of staked assets.
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 Non fungible tokens NFTs, such as avatars, virtual items, and even games for their friends. The Sandbox Marketplace allows them to not only utilize virtual items to communicate with other players, but they can also commercialize these 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 Dapp, APIs, and other expertise will be added. Over the next five years, the concept is likely to attract millions more users.
There are a variety of methods for obtaining SAND. The approach you use should be based on the findings of your research. You should think about how much information you have about various forms of cryptocurrencies that may be used in your buying procedure as well as your integration into exchanges. It can vary depending on whether you already have particular accounts or types of wallets, or whether you are completely new to the game. There are a slew of elements at play. If you want to make the best option possible, you should consider performing thorough research before buying SAND.
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