I found the Sandbox crypto gaming to be third in the game Metaverse on Coinmarketcap. It’s quite interesting to review this Sandbox crypto game because it is in third place after Axie Infinity and Decentraland MANA.
Sandbox game has coin SAND which is currently $4.80 higher than MANA which is currently $3.17. The difference is that MANA’s total market cap is higher than SAND, where Decentraland MANA has 5 billion USD while Sandbox Game SAND is only 4 billion USD.
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Sandbox game crypto explained
The Sandbox is a decentralized, community-driven virtual world where content creators can design, share, monetize and sell the assets they have created into the real world.
The crypto game sandbox is one of the Metaverse games that try to make a concept change in the dynamics of the gaming market by rewarding content creators.
Key features of Sandbox Crypto game
In the Sandbox game, three main elements are integrated and related to one another, including:
- VoxEdit. This is a feature where users can create and animate 3D objects in the metaverse. The objects will be ASSETs and use the standard ERC-1155 token. It’s possible to make it into an NFT that can be exchanged or traded.
- Marketplace Sandbox. It’s sort of a Sandbox marketplace where users can sell ASSETS after publishing and uploading to the IPFS (InterPlanetary File System).
- Sandbox Game Maker. This feature allows users to create their 3D games for free without the need to have coding or programming skills at all.
Sandbox does not need to have any coding or programming knowledge at all. It already provides software that allows users to create and combine their ASSETs in games and online.
Sandbox crypto game release date
The Sandbox was first launched on 15 May 2015 by games studio Pixowl. Game for PC on Steam on June 29, 2015. In 2018 Sandbox was acquired by Animoca Brands. Which is then used as a blockchain-based 3D open-source game.
Before being acquired by Animoca Brands Sandbox game is a sand town game that provides users to build a linear game. Users can create their universe and defend their creation with various elements of water, earth, lightning, lava, sand, glass, and humans, wildlife, and mechanical devices.
However, after being acquired by Animoca Brands, in 2018 it used the Voxel-style blockchain game.
Since then Sandbox games have become a play to earn in Metaverse, by buying land, one can create NFTs that can be sold on the Sandbox market.
Founder Sandbox game crypto
Founder of Sandbox, two important names made this game released, are Arthur Madrid and Sebastien Borget.
Arthur Madrid, founder, and CEO at Pixowl. Arthur got a degree in economics from the Université Paris Dauphine in 2000. Started his career as a consultant for Eurogroup Consulting France. He founded Click Media in 2001-, which was later purchased by Ipercast.
Sebastien Borget graduated in 2007 from the Institut national des Télécommunications. He got a degree in computer systems networking and telecommunications. Experience as lead for 1-Click Media. And then work together with Arthur Madrid to found Pixowl in 2011.
How Sandbox game crypto works
In this game, players can create their own NFT, be it avatars, virtual items, or even their version of the game using VoxEdit and Game Maker.
Players can interact with other players, and monetize this NFT by trading on the Sandbox Marketplace.
VoxEdit
This is software through which players can animate voxel-based NFT. With VoxEdit quickly and easily edit Voxels which are 3D square pixels in various shapes of animals, avatars, or plants.
Using the VoxEdit software, users create NFTs which can later be exported to the marketplace for trading.
Game maker
This is where users test the 3D games that have been developed on VoxEdit. It is a simple program without having to know any coding language, users can build various elements as well as NFT in a LAND environment.
Sandbox marketplace
This is an NFT trading platform where users can trade in-game assets (ASSETS) with SAND. Within the Sandbox ecosystem, there are several different tokens for players to interact with within the platform, including SAND, LAND, and ASSET. The Marketplace launches in April 2021.
What is SAND used for?
The SAND coin is very useful in The Sandbox ecosystem as a digital currency used for transactions and interactions within the gaming platform and its environment. The SAND coin is included an ERC-20 token built on the Ethereum blockchain. The maximum supply of SAND is 3,000,000,000 coins.
SAND coin in the Sandbox ecosystem has function included:
Access Sandbox platform
Users can use SAND coins to play games, buy equipment or buy avatars. For creators, SAND coins can be used to buy ASSETS, LAND, and stake coins. As for artists, they can use SAND coins to buy some rare ASSETs and GEMS in the marketplace.
Governance
The SAND coin is also useful for token governance where SAND holders can participate in decision making on the Sandbox platform using a DAO structure. The more of the SAND coin owned will affect governance decisions.
Staking
SAND coin holders can get additional income in the form of passive income or passive income by stacking on LANDS.
Fee Collection Model
Every transaction made in the Sandbox ecosystem will be subject to a 5% transaction fee. Where the transaction fee of as much as 50% will be staked into the Staking Pool as a reward for token holders who stake the SAND token and the remaining 50% for the ‘foundation’.
Donations To Foundation
As explained in the previous point where 50% of the transaction fee will be given to the foundation that manages and supports the Sandbox ecosystem.
Sandbox NFT
NFT Sandbox is ASSETS converted on Marketplace. ASSETS are created using VoxEDIT which is a voxel asset. ASSETS owners can sell on Marketplace once converted to NFT. In this game can be environmental assets, such as buildings, animals, or cars. These coins are also useful in the game
to change the weapon and avatar as an outfit.
Sandbox LAND
Sandbox LAND is a digital piece of real estate in the metaverse of The Sandbox. Players can buy LAND and fill it with Games and Assets.
Each LAND is a unique token or non-fungible token (NFT) based on the public Ethereum blockchain (ERC-721). There is 166,464 LAND in the Sandbox ecosystem.
There are two different types of LAND packages available in The Sandbox map, namely:
- LAND: The base unit found in the 96×96 meter map in the game world. Certainly large enough to provide all kinds of experiences and games on this blockchain.
- ESTATE: Thi is a combination of several LANDs.
Is Sandbox SAND a good investment?
Sandbox game crypto SAND is a gaming platform wrapped in blockchain technology, which allows players to earn real money through NFT trading in the Sandbox marketplace.
The increasing adoption of the platform allows the value of SAND to also increase exponentially. However, the limitation of the gaming platform is its limited adoption by the community. This means that only gamers will join and invest in the platform. Not all crypto enthusiasts will buy NFT in the Sandbox marketplace. And SAND investors will probably count on the value of the coin in the future.
At press time, coins in circulation are 913,364,619.22 SAND. The value is about 30% of the total supply of 3 billion SAND. This indicates SAND is still just starting to grow, the market cap of 4 billion USD today increased 46% in daily volume. Some forecasting sites also estimate a good SAND value for investment.
However, investments in SAND have risks. Just like most other cryptos like Bitcoin. They can be vulnerable to price fluctuations due to demand anomalies. Another risk is that storing SAND in hot wallets is vulnerable to hacking.
How to buy Sandbox game crypto?
Some exchanges already trade SAND on their platform, if this is the easiest way to buy Sandbox you have to go through a few steps.
- The first to register an account on an exchange that provides SAND.
- The second step is to verify the account if the exchange requires verifying the account by sending the required documents.
- The third step is to fund the account. You can’t buy without money. Depending on the payment method in the exchange, maybe they use a credit card, or Paypal, or bank transfer.
- The fourth step is to buy SAND on the exchange marketplace using the provided platform.
How to get $SAND
Citing from the blog written by Sandbox on Medium.com, there are several ways to get $SAND, which are as follows:
- Buying $SAND from an exchange like Binance.
- Swapping ETH for SAND in Uniswap.
- Buying SAND with a credit card with Simplex
- Getting SAND from The Sandbox Ambassador program.
- Getting SAND from Community Airdrops.
- Received SAND from winning the contest.
- Earning SAND from the reward program.
Where to buy Sandbox game crypto?
At the moment the SAND coin is already available on several exchanges, and may still grow in the future to be listed on other exchanges. Here is a list of some of the exchanges that provide SAND coins.
Buy SAND Binance
Binance exchange is the global exchange that provides SAND. You must register to log in and enter trades. Search in the search box for SAND, and select the available pair, SANDUSDT or SANDBUSD.
Buy SAND Bitmart
On the Bitmart exchange, you can buy on SANDUSDT or SANDBTC pairs. Users must register to get started and comply with the rules of the exchange.
Buy SAND Bithumb
This Korea-based exchange also provides SAND with KRW pairs, you can buy in KRW for SAND coins.
Buy SAND UpBit
This is also an exchange that uses Korean, you can buy SAND on the SANDBTC pair, meaning you need Bitcoin to get the SAND coin.
Buy SAND MXC
MXC exchange is based in Singapore, you can buy SAND on this exchange with the SANDUSDT pair.
Buy SAND Simplex
Simplex is an EU-licensed exchange for financial institutions, Sandbox has partnered with Simplex making it possible to buy SAND with a credit card through Simplex.
Buy SAND WazirX
WazirX is India’s largest exchange, those of you who live in India can use this platform to buy SAND with INR, or USDT.
Buy SAND Latoken
Latoken is an exchange coming from Moscow, here also providing USDT-paired SAND on their platform.
Buy SAND Tokocrypto
Tokocrypto is an exchange based in Indonesia, users can buy SAND coins with USDT and local currency IDR.
Buy SAND Poloniex
Poloniex exchange headquartered in the United States, users can buy SAND with USDT and BTC trading pairs
Sandbox game crypto price prediction
Priceprediction.net predicts the SAND price will gradually improve from year to year, with an average increase of 30% in 2030 to reach $144.1
Wallet Investor predicts SAND is an awesome investment, in 2022 it will reach $10,133 and in 2025 it will reach $29,416
Gov Capital, predicts SAND in 2022 to reach $11.26, and in 2026 to reach $80.88
CrowdWisdom predicts that SAND in 2021 will be higher based on technical analysis and marketcap analysis, social media provides buy signals on SAND.
The Long Forecast predicts YANG will rise significantly, but will decline in 2024 to early 2025 at lows of $5.30. Subsequently the price rose rapidly to $16.23 by the end of 2025.
Sandbox game crypto technical analysis
SAND’s current price at $5.18 is up 8.45%, after the previous day’s fall to a low of $4.42.
Analyzing the Daily timeframe, based on the 20 MA indicator the price is below the MA line, meaning that it is in a downward trend. Meanwhile, based on the RSI indicator with default settings, it shows a value of 50.57. This means that the trend is starting to make a transition from a downtrend to an uptrend.
Going to the 1-hour timeframe, the MA 20 indicator shows an uptrend is in progress with the 1st resistance target of $5.6.
While the RSI is showing the 59 levels on the 1H timeframe, it has broken out of the overbought zone and is trying to bring the price down again. While analyzing the shape of the candle, there is a decline in the decline. The seller’s pressure began to weaken, marked by a bull’s candle that appeared on this timeframe.
The all-time high price sandbox has formed in early November 2021 where it reached $8.44, which then brought the price down due to profit-taking action. Currently, SAND is still struggling to repeat its highest price.
SAND Live Price Tradingview
Conclusion
Sandbox is a game brand in the Metaverse that utilizes Blockchain to bring virtual-based games that can be traded in the real world. NFT has experienced a growth in user levels, making the Sandbox a cash plantation for players in it.
However, it does not guarantee that the Sandbox crypto game will give gain to every player. Even at the level of severe game addiction, it can go bankrupt.
Note: this article is only information and personal opinion, not investment advice, you do it at your own risk.
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