How to Buy Sandbox (SAND)

The Sandbox is a gaming company launched in 2011. It upgraded several times and turned into a decentralized platform based on blockchain. The main goal of this platform is to mix blockchain and the gaming world so people can earn tokens in the metaverse gaming ecosystem. Users can create, own, or sell their gaming experiences or assets using SAND tokens. Furthermore, different gaming models are available on the Sandbox; by using the play-to-earn model, they can earn SAND tokens on this platform. The other option that the Sandbox platform has is free games. Therefore, people can only play games on this platform or unlock the advanced games using their SAND tokens.

SAND is the native token on the Sandbox gaming platform, which was released in August 2020. It is a governance token, which means its holders can use the SAND to vote on its platform, so they can upgrade regulations or change projects. Additionally, SAND is an Ethereum-based ERC-20 token. Therefore, it can be kept in all Ethereum-based wallets. The major use of this token is on its platform to play games or buy gaming assets, and it doesn't have any usage outside this world. The maximum supply of SAND is 3 billion tokens, and almost 1.5 billion tokens were in circulation by the end of 2022.

Since the Sandbox platform is launched on Ethereum, it uses the Proof-of-Stake (PoS) mechanism, which guarantees the security of staking tokens on this platform. In this mechanism, transactions are verified by the major holders of digital currency. In addition, it doesn’t have the problem of electricity consumption, which was a vital issue on the Bitcoin blockchain.

As mentioned, the SAND coin is an ERC-20 token with countless benefits for investors. The first advantage is the simplicity of trading the coins carrying this standard, and the other is the security of this transaction. However, it is still required for SAND holders to choose a secure wallet and protect it with a strong password

The SAND coin is a governance token. Therefore, the main use of this token is on its own network. The SAND holders can use their coins to decide on various projects, upgrade the network, or change regulations. Therefore, this coin is their power on the Sandbox platform. It even gets more powerful for gamers. They can use their tokens to buy or create something on the Metaverse. Then, they even can sell or tokenize their assets on this world and earn money, which is paid with the SAND tokens. Therefore, they can have fun by playing games; at the same time, start a business and earn money.

You can also hold the SAND coin in a secure wallet and keep it as an investment. It is required for you to read its whitepaper, follow top investors on social media, and read every news about this crypto. Knowing the SAND price prediction can also help you decide if you want to have a short-term or long-term investment. However, it’s all up to you to decide when to buy and when to sell your coins but always keep an eye on the crypto market to not miss the right time to sell. Furthermore, if you are a beginner in this world, it is better to start with limited capital. Thus, if your investment doesn’t go as well as you thought, you don’t lose much money.