Today we are going to discuss The Sandbox whose official token SAND is growing very fast after facebook’s CEO Mark Zuckerberg’s announcement to rebrand Facebook to Meta. The tokens which are based on Metaverse or gaming industry are growing after that announcement and The Sandbox is also one of them.
So keep reading this article to know about The Sandbox and its official token SAND including its market cap, total supply, and price prediction.
What is The Sandbox?
The Sandbox is a blockchain-based virtual world that allows its users to create, build, buy and sell digital assets in the form of games. The Sandbox was launched in 2011 by the Pixowl company. Sandbox has created a decentralized platform for a thriving gaming community by combining the power of both decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs) together.
SAND is the official token of The Sandbox which is used to do transactions on this platform. Its main aim is to introduce blockchain technology in mainstream gaming successfully. This platform benefits both creators and gamers by facilitating a creative “play-to-earn” model.
Related Article: What Is Decentraland’s MANA Token?
Who are the Founders of The Sandbox?
Sandbox was launched in 2011 by Pixowl, and the co-founder and CEO of Pixowl is Arthur Madrid, who is behind this project. Sebastien Borget is also another co-founder at Pixowl and he is currently serving as the COO of the company.
What Makes Sandbox (SAND) Unique Among Others?
Sandbox is one of the projects based on virtual reality and the gaming industry. It is a unique platform because Sandbox combines blockchain technology and the gaming industry. The gaming industry is growing very fast and there are so many opportunities for the adoption of blockchain with the gaming industry. This idea forced Pixowl to start the Sandbox project. They have created a universe where all gamers can create and collect blockchain-based virtual assets.
Sandbox creates a metaverse of involved players who contribute to this platform for further developments and improvements. The Sandbox has its official token SAND that is used for transactions in this project. The company is continuously growing by attracting many brands like Helix, Atari, and CryptoKitties which are also working in the gaming industry.
How Many SAND Tokens Are In the Market Circulation?
According to the Sandbox website and CoinMarketCap data, the total supply of SAND tokens is 3,000,000,000, from which about 680,266,194 SAND tokens are already active in market circulation. The total tokens in circulation are 23% of the total supply.
The company has also reserved 25.82% tokens for future use. And 17.18% tokens were allocated for the seed sale of tokens. The company’s founder and development team has also reserved about 31% of tokens from the total supply. 10% tokens are also reserved to provide rewards to the advisors of the project. And the remaining 12% were set aside for the dedicated Binance Launchpad Sale.
SAND Token Market Cap, Total Supply, and Current Price
|Token Name||The Sandbox (SAND)|
|Circulating Supply||892,246,119.22 SAND|
|Total Supply||3,000,000,000 SAND|
|SAND Token Price||$7.15 (24 November 2021)|
|Ethereum Contracts Address||0x3845badAde8e6dFF049820680d1F14bD3903a5d0 (Ethereum)|
SNAD Token Price Prediction 2021
The current price of the SAND token is $7.15 on 24 November 2021. At the time of listing of SAND tokens on CoinMarketCap, its price was $0.05096 on 15 Aug 2021. Its price suddenly started growing after the Facebook rebranding announcement by Mark Zuckerberg. Its all-time-high price was $7.2183 on 24 Nov 2021. If we talk about the price prediction of SAND tokens then according to our analysis it can cross the $15 mark in this year 2021. It will grow rapidly in the next few years due to developments in the gaming and the virtual world industry.
How Can You Buy The SAND Tokens?
SAND tokens are already listed in approximately all major and small cryptocurrency exchanges. If you want to buy SAND tokens then you can choose WazirX, CoinDCX, Binance, Zebpay, Coinbase, KuCoin, Bitmart, etc. You can also buy this token from WazirX which is the largest INR cryptocurrency exchange in the world.