Market Cap
$3,326,600,404.81
Volume (24 H)
$1,069,567,211.04
SAND with marketcap of BTC
$774.1643
The Sandbox / U.S. Dollar Tweet Timeline of LomahCrypto

About The Sandbox

To learn more about this project, check out our deep dive into The Sandbox.

What Is The Sandbox (SAND)?

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

Who Are the Founders of The Sandbox?

Arthur Madrid is co-founder and CEO at Pixowl, and he is one of the driving forces behind The Sandbox. He graduated with a degree in economics from Université Paris Dauphine in 2000. Madrid’s professional career began as a consultant for Eurogroup Consulting France, but he soon found his entrepreneurial spirit. In 2001, he founded 1-Click Media, which was later purchased by Ipercast.

Sebastien Borget is also a co-founder at Pixowl and serves as the COO of the company. He graduated with a degree in computer systems networking and telecommunications from Institut national des Télécommunications in 2007. His professional career began as a project lead for 1-Click Media, and since then, Arthur Madrid and Sebastien Borget have been an entrepreneurial duo. They founded Pixowl in 2011 and have been continually working on projects together.

What Makes The Sandbox Unique?

The Sandbox is a unique platform because it introduces blockchain technology to the world of gaming. The gaming industry is a huge untapped market when it comes to the adoption of blockchain tech, and Pixowl saw that in 2011. By creating a universe where gamers can create and collect blockchain-based assets, the Sandbox aims to revolutionizes the market. It makes a niche for itself in the global market of gaming.

By focusing on user-generated content, the Sandbox creates a metaverse of involved players who contribute to the platform’s further development. Not only that, by introducing the SAND token, the Sandbox promotes decentralized governance and allows users to share their views and ideas about the development of the project. Thanks to the evolving technology, decentralized governance is becoming a must-have in blockchain-based projects.

The company started out with a bang and attracted support and investments from numerous big names in the gaming industry. These include brands like Atari, Helix and CryptoKitties.

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Have a look at the CoinMarketCap blog.

How Many The Sandbox (SAND) Coins Are There in Circulation?

There is a maximum and total supply of 3,000,000,000 SAND tokens. Currently, about 680,266,194 SAND tokens are in active circulation, which represents 23% of the total supply available as of March 2021.

Of the total token supply, about 25.82% was set aside in a company reserve. Another 17.18% were allocated for the seed sale of the token. The founders and team members secured about 31% of the total token supply distributed among them. Around 12% of the total supply were set aside for a dedicated Binance Launchpad Sale, and another 10% were dedicated as rewards to advisors on the project.

How Is The Sandbox Network Secured?

As the Sandbox virtual world is built on top of the Ethereum blockchain, it is secured by the proof-of-stake (PoS) consensus mechanism. The SAND token is a standard version ERC-20 token, which means owners can stake it and benefit from staking rewards.

Unlike the proof-of-work (PoW) consensus mechanism employed by the Bitcoin blockchain, PoS does not require vast amounts of electrical or computing power to validate transactions. It relies on stakeholders with the largest holdings in SAND tokens. The PoS consensus mechanism allows for a lot of diverse applications while still ensuring the security of staked funds.

Where Can You Buy The Sandbox (SAND)?

The Sandbox is enjoying a rise in interest from both investors and users, and more exchanges have started offering trades with the SAND token. Binance has the largest trading volume of SAND/BUSD, with $7,015,941 processed in transactions so far as of March 2021.

Other options for buying SAND include Uniswap (V2), Gate.io, and LATOKEN.

Find more information about buying cryptos.

Latest News On The Sandbox

The Sandbox Looks to Boost Metaverse Startups With $50M Incubator Program - CoinDesk

The Sandbox Looks to Boost Metaverse Startups With $50M Incubator Program CoinDeskThe Sandbox and Brinc announce US$50M Open Metaverse Accelerator Program funding for 100 startups PRNewswireThe Sandbox Has Launched a $50 Million Metaverse Accelerator Program Gadgets 360The Sandbox Launches $50M Accelerator Program with Animoca Brands and Brinc to Cater to 100 Startups CoinspeakerGaming Altcoin the Sandbox (SAND) Announces $50,000,000 Accelerator Fund for Metaverse Start-Ups The Daily HodlView Full Coverage on Google News

Thu, 27 Jan 2022 00:00:00 GMT

Can The Sandbox Surge to New Highs in 2022? - The Motley Fool

Can The Sandbox Surge to New Highs in 2022? The Motley FoolWhat is the Sandbox (SAND) crypto? Kalkine MediaDespite a Drop, the Sandbox Might Not Be as Cheap as You Think InvestorPlaceThe Sandbox (SAND) metaverse token gains 40% after Snoop Dogg, Warner Music partnership CointelegraphThe Sandbox Leads Virtual Real Estate with Token Valued at $14 Billion Tech TimesView Full Coverage on Google News

Wed, 26 Jan 2022 20:15:00 GMT

How Crypto Could Make You Millions - The Sandbox vs. Seesaw Protocol - BeInCrypto

How Crypto Could Make You Millions - The Sandbox vs. Seesaw Protocol BeInCrypto

Thu, 27 Jan 2022 11:18:00 GMT

Warner Music Partners With the Sandbox, Crypto Lunar New Year Gifts - Coindesk

Warner Music Partners With the Sandbox, Crypto Lunar New Year Gifts Coindesk

Fri, 28 Jan 2022 09:45:00 GMT

Metaverse Crypto the Sandbox (SAND) Announces Partnership With World-Renowned Music Label - The Daily Hodl

Metaverse Crypto the Sandbox (SAND) Announces Partnership With World-Renowned Music Label The Daily Hodl

Fri, 28 Jan 2022 23:01:25 GMT

Crypto Market Crash Sends Cardano, Chainlink, and The Sandbox More Than 6% Lower Today - The Motley Fool

Crypto Market Crash Sends Cardano, Chainlink, and The Sandbox More Than 6% Lower Today The Motley Fool

Mon, 24 Jan 2022 18:57:25 GMT

Metaverse Land Just Sold For $17,239 (6 ETH) In The SandBox - Benzinga - Benzinga

Metaverse Land Just Sold For $17,239 (6 ETH) In The SandBox - Benzinga Benzinga

Fri, 28 Jan 2022 19:02:00 GMT

Metaverse Land Just Sold For $18,770 (7 ETH) In The SandBox - Benzinga - Benzinga

Metaverse Land Just Sold For $18,770 (7 ETH) In The SandBox - Benzinga Benzinga

Wed, 26 Jan 2022 19:02:00 GMT

Metaverse Land Just Sold For $25,713 (10 ETH) In The SandBox - Benzinga - Benzinga

Metaverse Land Just Sold For $25,713 (10 ETH) In The SandBox - Benzinga Benzinga

Wed, 26 Jan 2022 19:02:00 GMT

Technical Analysis: DAI Overtakes Cosmos, as Warner Deal Sends the Sandbox Higher – Market Updates Bitcoin News - Bitcoin News

Technical Analysis: DAI Overtakes Cosmos, as Warner Deal Sends the Sandbox Higher – Market Updates Bitcoin News Bitcoin News

Thu, 27 Jan 2022 19:16:55 GMT
3.2%
Average Weekly ROI
9.9%
Average Monthly ROI