The Sandbox is a successful example of Web3 technology and the creative economy in action, with its community power and user-generated content. Finally, users have the opportunity to own the content they create. We are glad to support The Sandbox token (SAND) and contribute to an open and equal Web3 space.
The Sandbox is a P2E model Metaverse built on Ethereum, which allows gamers to create, own, buy, and sell assets and play with various lands and avatars. The developers created a real sandbox where any user can design an avatar or game, build land, hold an event, and implement creativity in any way. The company aims to create an open space with a powerful community that directly influences network development. The team believes that users value assets and items they created more than those delivered by developers, so no single item bears the same history or legacy.
Now owned by Animoca Brands, a leader in digital entertainment, blockchain, and gamification, The Sandbox attracts investors with its revolutionary implementation of Web3. According to Crunchbase, its current total funding amount is $95 million.
The Sandbox token, SAND, is a utility token with a governance function that facilitates transactions on the platform. While in-game assets are created and stored as NFTs, SAND enables users to access the platform and its features, representing the local Metaverse currency. By staking the token, The Sandbox users can earn rewards and the ability to create assets. Token holders can vote on key decisions within a DAO structure, such as feature prioritizations.
The SAND token hit an all-time high price in Nov 2021 worth $8.44. In 2023, its price fluctuates from $0.3 to $0.89. The token is ranked 53 according to CoinMarketCap, with a market capitalization of over $782 million and a circulating supply of over 1.49 billion.
With SpectroCoin, The Sandbox gamers can now spend their SAND tokens beyond the Metaverse on comfortable gaming chairs, protective glasses, or hamburgers. The SpectroCoin wallet supports the coin and connects it with the real world via a crypto debit card and multiple payment methods.
Withdraw SAND tokens by using Skrill, Neteller, Payeer, Perfect Money, Advcash, SEPA, Mobile top-ups, Amazon Gift Cards, Voucher Codes, and a personal dedicated IBAN account. The IBAN account linked with a crypto wallet is a valuable feature, as users can now withdraw and deposit funds directly in the wallet.
E-commerce can accept crypto payments in SAND tokens while using SpectroCoin solutions for merchants. The API for crypto payments can be easily integrated into popular e-commerce platforms such as WooCommerce, Magento, PrestaShop, OpenCart, Drupal, and others, with the ability to customize style and settings.
We also provide friendly, 24/7 support, so please don’t hesitate to reach out if you have any questions or problems with SAND tokens within the SpectroCoin ecosystem!