The publisher of The Sandbox created the native token SAND. This is a game-to-earn, play-to-earn cryptocurrency similar to Roblox and Minecraft. SAND lets players create a virtual world with non-fungible tokens on the Ethereum blockchain. To access The Sandbox’s various games and hubs, players can make their own NFTs.
We will be taking a deep look into Sandbox Virtual World using Sandbox SAND tokens. Learn how it works, as well how you can buy Sandbox crypto.
Step 1. Choose a Crypto Exchange
Sandbox’s SAND tokens are available on a growing number of cryptocurrency exchanges, including:
To view all the SAND-supporting exchanges, visit the Market page at CoinStats. Compare the exchanges’ security, user experience, fee structure, supported crypto assets, etc., to choose the one with the features you need, such as affordable transaction fees, top-notch security, high trading volume, an intuitive platform, round-the-clock customer service, etc. Consider whether the crypto exchange is regulated and permits you to use your preferred payment methods.
To trade cryptocurrencies, you must use a centralized or decentralized crypto exchange, so let’s look into the details of each type below.
Centralized Exchange
One central crypto exchange (CEX), such as Coinbase or eToro and Binance acts as a broker between sellers and buyers. They charge specific fees to use their services. Users are able to trade cryptocurrencies on centralized platforms, which allow them to purchase and sell fiat currencies (e.g. the US dollar) or digital assets (e.g. BTC and ETH. Centralized exchanges demand that users comply with KYC and anti-money laundering rules. This means they must provide some personal information. However, the drawback of trading on a CEX is that it’s highly vulnerable to hacking or cybersecurity threats.
Decentralized Exchange
On the other hand, a decentralized exchange (DEX), like Uniswap, SushiSwap, Shibaswap, etc., is a non-centralized alternative to a centralized exchange and isn’t governed by any central authority. The exchange operates via blockchain and only charges a gas fee for certain blockchains, such as the Ethereum blockchain. To allow users to trade cryptocurrency assets, decentralized exchanges make use of smart contracts. An automated market maker is used to eliminate intermediaries and allow users total control over funds. It is much safer as there are no potential security holes. Decentralized exchanges, however, are more difficult to use in terms of currency conversion and interface. For instance, they don’t always allow users to trade crypto with fiat currency; users have to either already own crypto or use a centralized exchange to get crypto. The downside of decentralized platforms is their inability to offer liquidity comparable to central exchanges. Because DEX trades peer-to–peer, it can take longer to find people looking for trades with you. In addition, if liquidity is low or not high enough, you might need to be willing to compromise on price to quickly sell or purchase low-volume crypto.
A DEX allows you to list any asset. This gives you access to in-demand assets and also lets your portfolio take on greater risk.
Step 2: Open an account
After you’ve chosen a cryptocurrency exchange that suits your investment needs, you must register with the exchange using a valid email or mobile number. To verify your account, a link will be sent directly to your email address. Once the account is activated, you must create an elaborate password, and you’re good to go.
You may need personal information to verify your identity.
- Full name
- Residence address
- Date of birth
- Document of identification
Sometimes, the verification process may require you to submit a picture or video.
Once your identity verification is complete, it’s recommended to activate two-factor authentication (2FA) for an extra layer of security.
Step 3: Deposit funds
You will need to deposit funds in your account. Many cryptocurrency exchanges allow you to deposit fiat currencies, such as USD, EUR and so on. You can choose your deposit method (e-wallet, PayPal or bank transfer) and select the currency to be deposited. Tap on “Deposit Funds,” enter the amount you want to deposit and click “Deposit.”
Some deposit methods can be done very quickly, but others require confirmation from authorities depending on how large the funds are. You should compare fees between deposit methods as different ones may have higher fees.
It is advantageous to link your card with your crypto account. However, you will be charged an additional fee.
It’s usually free to make a bank transfer from your local bank accounts, but you should still double-check with your exchange.
SAND can be traded to another cryptocurrency, or for stablecoins; trading pairs are different between exchanges. To select one of the available pairs, search on the spot market for SAND.
Step #4: Get SAND
You can place a market or order immediately to purchase SAND at current market prices by following the steps:
- Click the search bar, enter SAND, and select “Buy SAND” or the equivalent.
- Choose a trading pair against which you would like to purchase SAND
- Select the payment option, choose the currency that you want to use and enter the SAND amount or fiat amount. Most exchanges will automatically convert the amount to show you how many SAND tokens you’ll get.
- Double-check the transaction details and click “Confirm.”
- After the transaction is completed, your balance will display the SAND tokens.
A limit order can be placed to indicate that you wish to purchase SAND below or at a certain price. Your broker will ask you the number of coins you wish to acquire and the maximum price you’re ready to pay for each once you’ve placed an order. If your broker fulfils your order within the price range you have requested, your coins will be in your wallet. If the broker increases the price, the broker can cancel the order or keep it open.
If you’re planning to keep your newly purchased coins for an extended period, we highly recommend securely storing them in a hardware wallet.
You can trade SAND in spot markets by going to the Trade Page and searching for SAND pairs (SAND/USDT or SAND/USDT). Click on the desired trading pair to view the price chart. Click “Buy SAND,” select the “Market,” enter your amount or choose what portion of your deposit you’d like to spend by clicking on the percentage buttons. Confirm and click “Buy SAND.”
You have just added SAND tokens in your crypto portfolio. Congratulations!
Optional Step 5: Buy SAND
Experts recommend that you store your SAND tokens in your brokerage account wallet. However, this is not recommended as they could be hacked or interfere with.
It is highly recommended that you create a private wallet using your personal keys. Based on your investment preferences, it might be possible to choose between hardware and software wallets.
Software wallets
If you’re looking to trade SAND regularly, software or hot wallets provided by your selected crypto exchange will suit you. Software wallets are flexible and easy to use. This is their strength. Software wallets are the easiest to set up and allow you to interact with many decentralized finance applications (DeFi). However, these wallets are vulnerable to security leaks because they’re hosted online. To avoid security problems, ensure you do your research before signing up for a software wallet. A platform offering 2-factor authentication is recommended as an added layer of security.
Among other software wallets, CoinStats Wallet is MetaMask and Coinbase Wallet. Trust Wallet is another example. Edge Wallet is also a type of software wallet.
Hardware wallets
Because they provide offline storage and significantly reduce the risk of hacking, cold wallets or hardware are often the best way to keep your cryptocurrency safe. You can lock them with a pin, and they will wipe out all data after multiple failed attempts to prevent physical theft. The hardware wallets allow you to sign and confirm transactions via the blockchain. This gives you additional protection against cyber attacks. They are best for those who have a lot of tokens and are experienced.
Securely managing your digital assets is possible with Ledger hardware wallets. The Nano X is designed for advanced users and offers more storage space and advanced features than Ledger Nano S, designed for crypto beginners.
A hardware wallet is more expensive than a hot wallet, with prices ranging between $50 – $200.
Trezor Model T and Ledger Nano X are examples of cold wallets.
Step #6 (Bonus step): Track SAND Tokens
If you have multiple assets, managing your portfolio can become difficult because the market is unpredictable. A portfolio tracker is a tool that will allow you to keep track of all your cryptocurrency investments and your SAND tokens from one place. CoinStats is a leading provider of crypto portfolio trackers. You can read more about it here.
On CoinStats, you can monitor SAND’s profit, loss and liquidity across multiple exchanges.
CoinStats has over 250 crypto exchanges. It also supports more than 7,000 cryptocurrencies. You can use it to chart, analyze data, search advanced features and keep up with the latest news. This allows you to link unlimited numbers of portfolios, including exchanges and wallets.
- Binance
- MetaMask
- Trust your wallet
- Coinbase
- Kraken
- Kucoin
- Bitstamp and other 500-plus products
Go to the CoinStats portfolio tracker page.
- Click on Add Portfolio to Connect Your Wallet.
- To connect to an Ethereum Wallet wallet, click the button.
- Enter the wallet address, and then press submit.
Binance, Other Exchanges and How to Purchase SAND
You can purchase SAND on Binance, one of the most well-known crypto exchanges. It’s based in the Cayman Islands and is the largest cryptocurrency exchange in the world by trading volume. Binance has low trading fees, facilitates crypto tocrypto trade in more than 500 cryptocurrency and virtual tokens and charges no transaction fees. SAND was available on Binance Launchpad since August 14th.
Go to the right side of the screen, type “SAND” on the Use the search barTo view a complete list of available SAND trading pairs, click here The following pairs allow you to trade SAND tokens via Binance SAND/BTC and SAND/USDT.
These steps will allow you to trade SAND tokens using the Binance platform.
- Sign up for an account with Binance, the cryptocurrency exchange
- Click the Buy Crypto link at the top right of Binance’s Home Page.
- Select your fiat currency of choice.
- Choose the amount of fiat currency you want to use for crypto purchases.
- Click on the desired crypto coin and confirm the details.
- Choose a payment method, such as a wire transfer or your bank account.
You must verify your identity before you can buy cryptocurrency with your Binance wallet or credit card.
When using your Binance Cash Wallet, you’ll be directed to deposit your fiat cash first. Once you press the button, the final confirmation box will appear.
After purchasing BTC, USDT, or BNB, go to “Trade” and pick “Classic.”
UniSwap exchange
If you own ETH, DAI or other cryptocurrency, it is possible to exchange these tokens for Sandbox SAND tokens through Uniswap and Gate.io.
Detailed instructions are available on UniSwap’s official website. You can also use a cryptocurrency wallet like MetaMask to perform a swap.
Program for Sandbox Ambassadors
Sandbox Ambassadors will get to know other members of SAND. You will be expected to educate the community, manage the program’s channels, share your knowledge and feedback on various products, etc. SAND Ambassadors will receive a reward.
Community Airdrops – Obtaining SAND
The Sandbox DAO, or The Foundation could decide to give its community regular $SAND Airdrops in order to foster and drive innovation within The Sandbox ecosystem.
Use $SAND in conjunction with the VoxEdit ASSET creator tool and the Game Maker drag-and-drop game builder to make truly engaging and immersive experiences.
Win SAND in Competitions
To promote their offerings, The Sandbox holds contests, challenges and sweepstakes via its social media channels. SAND Rewards are available to followers who participate. You can also earn some $SAND by taking part in activities or events within the community.
Refer to Sandbox Referral Program to Get SAND
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. You will receive a 10% commission on all purchases by any refer account for a period of 30 days. If you refer The Sandbox to someone, make sure they use your link.
The procedure will not involve any human involvement. All commissions will automatically be paid via smart contracts.
Here’s what you need to know about SAND
Sandbox (SAND), a gaming platform built on Ethereum, allows gamers to make money from their gaming experience. The NFTs are blockchain-based assets that players create and then use to develop unique gaming worlds using various elements such as water, dirt or technology. 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 provides users with a safe and simple platform for creating rich voxel universes and game experiences. It also allows them to safely store, trade, and profit from the material.
Sandbox has taken the gaming industry by storm, with more than 40 million downloads worldwide. Pixowl launched it in 2011. 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.
This platform includes three important tools built in:
VoxEditAllows you to create and animate voxel objects. These ERC-1155 ASSET tokens can either be NFT or normal. It’s expected that these game components will be exported to other games in the future, such as Minecraft.
Game Maker It allows you to create your own interactive games or 3D installations. Players can create ASSETs and digital assets in the form of Non Fungible Tokens (NFTs), and submit them to specialist marketplaces. Then, they can drag and drop these to build gameplay. VoxEdit can help creators monetize their game by generating NFTs.
This tool, however, is not available in Windows.
Marketplace It can be used as an exchange platform to trade goods preloaded in IPFS.
Sandbox is an ERC-20 utility token that allows players to create, own and monetize gaming experiences. 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 can also be used as a governance token. Through a Decentralized Automated Organization (DAO), holders of SAND can vote and propose changes to the platform. To earn rewards and a part of the revenues from transactions made in SAND tokens, they can stake SAND.
SAND is worth USD 3,000,000,000. The SAND coin isn’t designed to be a stablecoin. SAND prices fluctuate depending on market conditions, supply and demand, and other factors. It’s determined by the success of the game and the condition of the ecosystem as a whole. As the game grows in popularity, Sand will be more sought-after by more people to buy land or other assets. This can lead to a higher price for Sand.
The 25% remaining token supply was held in a company reserve. 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.
SAND: What and how to use it
SAND acts as the exchange medium in the Sandbox ecosystem. This is necessary for all purchases made on the Sandbox Marketplace.
You can purchase the following products with SAND
- LAND
- ASSETS
- Gems and boosters
- Avatar settings
What is LAND?
LAND on The Sandbox platform is a virtual piece of land. It’s a one-of-a-kind ERC-721 token on the Ethereum blockchain. Sandbox has more than 160K Lands. They are available to purchase with SAND or ether (ETH), via public LAND Sales.
One way players can make money from their game is to use LAND. Players have the option to purchase LANDS or use the Game Maker tool in order to build their own version of games with ASSETS. Players can create an ESTATE by combining multiple LANDS.
What is an ASSET?
ASSETs can be described as NFTs that are created by the user. They include voxel assets, such as VoxEdit-generated assets, and then submitted to The Sandbox Marketplace. These NFTs become NFTs and can be purchased.
ASSETs can be used in various ways during the game, i.e., to customize the avatar’s appearance by attaching clothing or weapons, etc. Physical assets include a building, an animal that moves, or an automobile. There is also an environmental asset.
Individuals who use the Game Maker to develop their own games may have access to ASSETs.
SAND token holders are eligible to participate in governance of Sandbox. SAND tokens are required for voxel artists to be able to upload their work on The Sandbox. SAND can be also used to stake. In return for participating, users receive high-level game boosters and gems.
Free-to-play (F2P) is one of the many games available on the Sandbox platform. The game creators have the discretion to charge players small amounts of SAND tokens depending on which game they create. Participating in the games gives players the opportunity to earn SAND.
SAND allows you to use game developers and artists, depending on your requirements.
SAND may be offered by some game designers as a reward to their users who take part in contests on their LAND.
Crypto Wallets that Support SAND
Ledger Wallet
- More than 1500 digital assets are supported, as well as a wide variety of coins
- Security features at the cutting edge
- Minimalistic design
- Simple interface
- It is one of the most affordable on the market.
BRD Wallet
- Mobile app for secure, open-source development with biometric integration
- Cash and debit cards are allowed for purchases
- Secured with encryption, biometrics and pin codes. Open-source programming.
- Transactions with bitcoin are quick and low-latency.
MyEtherWallet
- The private keys are under the control of users
- Compatible with Trezor and Ledger Nano S hardware wallets
- Compatibility with the Changelly cryptocurrency Exchange
- Token swapping allowed
- Any bespoke ERC tokens created by users can be stored
- It includes a lot of teaching resources
- Web-based Access to the System; Transactions Offline Supported
Trust your wallet
- Downloadable and easy
- Many cryptocurrencies are available in shops
- It allows you to stake many digital assets and receive rewards
- Users have control over their private keys; the wallet’s servers don’t keep any information on the private keys
- Both iOS and Android compatible
How secure is The Sand 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 have a higher level of security than Proof of Work, because they are validated by a wider range of users. This is not limited to those involved in mining.
SAND: The Reasons You Need to Buy It
Sandbox is an interactive virtual environment where you can create and share your own work. VoxEdit or Game Maker allow players to create and share their NFTs. This includes avatars and virtual items as well as games that they can make for friends. Users can exchange virtual goods for real-world cash and use the Sandbox Marketplace as a way to interact with others.
The future holds many exciting developments. Blockchain technologies such as smart contracts and trading platform advances, as well as other services like dApps and APIs will all be available. This concept will attract thousands of new users in the coming five years.
Conclusion
Sandbox is a compensate game which combines DeFi technology, blockchain technology and NFTs in a 3D virtual world. Gamers can use the virtual world to make and edit their digital games. The NFTs created by users may be sold at The Sandbox Marketplace, where they can earn SAND tokens. They also have the ability to use their content to improve their gaming experience.
You will require SAND tokens to buy and sell non-fungible tokens. SAND tokens can also be used to manage metaverses.
SAND is available in many forms. You should base your search on what you have found. Consider your goals and investment abilities, as well as payment options, wallet types, accounts, and account openings.
These contents should not be taken as investment advice. The cryptocurrency market is volatile. Do your research thoroughly and invest only what you can afford.