The Sandbox (SAND) is a digital gaming ecosystem based on blockchain technology. Anyone can build, trade, and sell the digital property known as “land” on the network. The concept combines the ubiquity of non-fungible tokens (NFTs) with a programmable environment to provide consumers with a more engaging gaming experience. In this article, we will discuss how to invest in Sandbox in 2022. But before that, let’s learn a bit about the Sandbox ecosystem.
Table of Contents
What is the Sandbox Metaverse?
Various users and virtual terrain make up the Sandbox Metaverse. Each plot of land is broken down into 96 by 96 meter lots. These lots are purchased by users, who can then develop them as they see fit. Anything from NFT art projects to activities for other users can be posted here. Best of all, you have complete control over how much customers will pay for your immersive activities.
Working on The Sandbox Game
The Sandbox is a game that turns the gaming business on its head. The play-to-earn strategy blurs the borders between gaming and achieving financial independence. The creators reimagine what it means to play video games. Users in the Sandbox universe travel across the Sandbox Metaverse, a digital metaverse, in quest of opportunities and land.
The Sandbox (SAND) Marketplace
The creators open up a completely new market for the sector. Users can benefit from their custom-made items by selling them on the Sandbox market. Users may view a wealth of information and detailed statistics about their collections or potential exchanges. Build the ideal estate, or bail out on your hard graft, it’s up to you. It is because of this versatility that the Sandbox is such a remarkable endeavor in the industry.
Brief History of SAND Market Cap 2021-2022
|Dec 28, 2021||$ 6.42||$ 6.42||$ 5.77||$ 5.89||$ 2.38B||$ 5.64B|
|Nov 28, 2021||$ 6.55||$ 7.53||$ 5.80||$ 7.53||$ 5.95B||$ 5.88B|
|Oct 29, 2021||$ 0.940241||$ 1.18||$ 0.919155||$ 1.16||$ 1.38B||$ 938.98M|
|Sep 29, 2021||$ 0.594337||$ 0.629569||$ 0.587790||$ 0.603447||$ 143.97M||$ 543.41M|
|Aug 30, 2021||$ 0.999391||$ 1.19||$ 0.968955||$ 0.971026||$ 2.73B||$ 936.38M|
|Jul 31, 2021||$ 0.656476||$ 0.669436||$ 0.631723||$ 0.641451||$ 292.01M||$ 454.05M|
|Jul 01, 2021||$ 0.244672||$ 0.267915||$ 0.239828||$ 0.249964||$ 153.11M||$ 177.54M|
|Jun 01, 2021||$ 0.334497||$ 0.334497||$ 0.311320||$ 0.323161||$ 63.26M||$ 224.93M|
|May 02, 2021||$ 0.609581||$ 0.610849||$ 0.570570||$ 0.589011||$ 82.04M||$ 406.48M|
|Apr 02, 2021||$ 0.766554||$ 0.804105||$ 0.733954||$ 0.789463||$ 296.65M||$ 529.33M|
|Mar 03, 2021||$ 0.253324||$ 0.316976||$ 0.250060||$ 0.314419||$ 182.49M||$ 190.70M|
|Feb 01, 2021||$ 0.082678||$ 0.084865||$ 0.078292||$ 0.082902||$ 25.43M||$ 53.19M|
|Jan 02, 2021||$ 0.037012||$ 0.039184||$ 0.036539||$ 0.038178||$ 5.07M||$ 23.61M|
SAND Price and Market Cap
The data provided below is accurate at the time of writing, for real-time data, you can click here.
Market Cap ₿105,865
24 Hour Trading Vol ₿19,095
Circulating Supply 919,748,319
Total Supply 3,000,000,000
Max Supply 3,000,000,000
Now that you have got an overview of the market cap and price, let’s move on to the next section where you will learn how to invest in Sandbox.
How to Invest in Sandbox?
To invest in the Sandbox, you must first buy SAND from a crypto exchange. You can buy SAND from these trusted crypto exchanges: Coinbase, LAtokens, Bitmart, Bithumb, Simplex, WazirX, UpBot, MXC, TokyoCrypto, Poloniex, etc.
Here, we have given an instance using Coinbase:
- Download Coinbase Wallet
- Put up a Coinbase Wallet username
- Store your recovery phrase in a secured manner
- Understand the Ethereum network fees and plan for them accordingly
- Buy ETH and transfer them to Coinbase Wallet
- Use your ETH to buy the SAND coins
Best Crypto Exchanges for The Sandbox
Coinbase has generally avoided any scandal in the cryptocurrency market, which has been plagued by counterfeit coins and dodgy exchanges. Coinbase provides an incredibly user-friendly exchange, lowering the barrier to entry for cryptocurrency investment, which is often perceived as complex and perplexing.
Investors and traders can also put their funds in Coinbase’s secured custodial wallets. They’re covered against data leaks and hacking, and your money is kept in FDIC-insured checking accounts, which is significant because users have reported their accounts being hacked and their funds getting drained. The Coinbase custodial wallets are ideal for new customers getting their toes wet, but the security tokens to the coins belong to Coinbase, not the investor.
Coinbase now provides the Coinbase Pro edition, which has the same pricing structure but substantially more charting and indicator options. Coinbase Pro is a great next step for individuals who’ve gotten their feet wet with Coinbase, and it helps complete out the whole offering by providing features that a more experienced user would appreciate.
A cash App, like Venmo, is a person-to-person money transfer service. Users can use Cash App to divide the food, pay the rent to a roommate, and even shop online at stores that accept Cash App. Customers can get their own Cash App debit cards and utilize Cash App like a bank account.
Users of Cash App can also invest in equities, exchange-traded funds (ETFs), and Bitcoin. This exchange’s mobile-first design is simple to understand and operate, making it perfect for first-time investors.
It features a simple bitcoin investment option in addition to its main purpose of money transfers. We recommended Square’s Cash App over Robinhood as the best alternative for beginners wanting to acquire Bitcoin since it allows customers to withdraw cryptocurrency deposits to their own wallets.
In the bitcoin world, the ability to transfer cryptocurrencies from an exchange is critical. You can invest and trade cryptocurrencies using Robinhood, but you can’t withdraw or spend it.
Bisq is non-custodial, which means that no one but the user has access to or control over the user’s funds.
It differs from centralized exchanges such as Coinbase in that Coinbase holds the user’s money in a custodial account over which the user has no access. If Coinbase believes your account behavior is questionable, it has the power to freeze your bank, whether or not the action is unlawful in your location.
Because there is no registration or KYC rule, Bisq is instantaneously accessible to anybody with a smartphone or computer. This makes it suitable for those seeking privacy, as well as dissidents living under oppressive regimes or those who lack government-issued identification.
Bisq allows you to trade a variety of fiat currencies, including the US dollar, Bitcoin, and several other altcoins. Low transaction volumes and delayed transactions may be a result of its decentralized and peer-to-peer nature, but for others, this is well worth it.
Binance is a cryptocurrency exchange that was established in 2017 with a significant focus on cryptocurrency trading. In 2019, Binance was outlawed in the United States, but the firm was spun off. The US Binance has dominated the worldwide exchange market as of November 2021, accounting for a major share of daily cryptocurrency transaction volume.
Global customers can only deposit U.S. dollars through the Society for Worldwide Interbank Financial Telecommunications (SWIFT), however, you can buy a limited number of altcoins directly with a payment card. Deposits in 12 different fiat currencies, including the Euro, are permitted.
Binance is a good choice for anyone looking to trade or invest in lesser-known cryptocurrencies. Binance is a wonderful alternative for someone who needs more sophisticated charting than most other platforms, as it offers more than 50 different altcoins to trade. The tools, graphing capabilities, and data that includes your account are extremely outstanding, especially for the low prices.
What is The Sandbox Alpha?
The Sandbox Alpha is a multi-week free P2E event that will begin on November 29 at 1 PM UTC and will allow players to enjoy The Sandbox virtual world through 18 experiences designed by The Sandbox’s crews.
It is an NFT pass that allows users to fully enjoy all 18 Alpha Season events while also earning up to 1,000 $SAND and 3 exclusive NFT goodies.
Players who do not have an Alpha Pass would still be able to enjoy three full experiences as well as the Alpha HUB, a core multiplayer experience featuring a variety of places and objectives, as well as the opportunity to connect with other members of our incredible community. They will, however, be unable to receive Play-to-Earn prizes.
Sandbox How to Get Alpha Pass
You can get the Sandbox Alpha Pass by following these methods:
The Alpha Raffle (for LAND Owners only)
If you own LAND in the Sandbox, you will get the chance to win one out of the 1,000 Alpha Passes which are specially reserved for the VIPs. To get the chance of winning you must complete these following steps:
- First and foremost you will have to be a LAND owner to be eligible for this pass.
- Join the Alpha Raffle on The Sandbox webpage.
- Every LAND you possess will increase your chances of winning. So, if you want to increase your chances of winning an Alpha Pass, now is the time to group all of your LANDS!
- The Alpha Passes will be distributed to the winners on the first day of The Sandbox Alpha Season.
Purchase an Alpha Pass on OpenSea
The NFT may be sold on OpenSea by some Alpha Pass owners. If you go to OpenSea, you can see if that’s the situation. On OpenSea, the Sandbox team will not be releasing any Alpha Passes. Only if an Alpha Pass owner is ready to sell it may you buy one there.
Do not buy an Alpha Pass on OpenSea as the Alpha Season will be closed at that time, and you will no longer be eligible to claim the Pass’s Alpha Prizes.
How Does a Crypto Exchange Work?
Cryptocurrency exchanges function similarly to brokerage systems with which you may be more familiar. Each provides a platform via which users can establish various order types to buy, sell, and trade on digital currencies with other consumers.
Crypto exchanges can be centralized, meaning they are run by a single corporate entity, such as a brokerage firm that ensures trade security, or they can be decentralized. Cryptocurrency exchanges, like crypto blockchains, often give verification powers to anybody wanting to join a network and validate transactions. This may serve to promote accountability and transparency, and also ensure that exchange can continue to operate if the company that runs it suffers a setback.
How Do I Open an Account in a Crypto Exchange?
Visit the exchange’s webpage or install its app to create a crypto exchange account. Each cryptocurrency exchange has its unique registration, and you may be able to create an account and buy and sell modest quantities of cryptocurrency without having to authenticate your identity or provide personal information in some cases.
However, as the sector has progressed, the US government has implemented Know Your Customer requirements to combat money laundering and fraud. In general, you’ll need to give the following information:
- Date of birth
- Mailing address
- Social Security number
- Government-issued ID proof
If you want to start trading or investing in cryptocurrencies, it’s critical to select the appropriate exchange for your needs. There is a decent alternative for you if you want the most cryptocurrencies, the cheapest fees, or the simplest experience. All you need is a financed account to purchase your first SAND coin, whether it’s through our overall winner Coinbase or a rival like Binance.