How to buy and hold SAND with Wigwam
1. Choose a token number that you want to buy
2. Create a wallet, where to store your crypto
3. Pay with credit card
4. Check your crypto in the created wallet
Why Wigwam is the best crypto wallet for Sandbox (SAND) storage
Ultimate security, only you have access to your Sandbox tokens
Send, Receive, Store your Sandbox tokens free and without limitations
Check the real-time value of your crypto tokens
Buy, Sell, Exchange Sandbox (SAND) directly in the wallet
Stake Sandbox (SAND) by connecting Wigwam to the popular DeFi dApps
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The Sandbox (SAND) token review
SAND is a native token of The Sandbox, an Ethereum-based metaverse platform where players can create, enjoy, and earn from gaming experiences.
About The Sandbox (SAND) Project
The Sandbox gained fame through two mobile games: The Sandbox (2011) and the 2016 hit Sandbox Evolution, which garnered an impressive 40 million downloads on Android and iOS.
In 2018, developers and co-founders strategically transitioned the gaming experience from mobile to the blockchain ecosystem. It offered rewards for active participation and empowered users to create and own NFT creations.
To further enhance the user gaming experience, the SAND token was introduced two years later. It has a total supply of 3 billion tokens and a market cap surpassing $1 billion.
The Sandbox Token Use Cases
- Access The Sandbox platform - Players use SAND tokens as currency for playing games and personalizing avatar characters.
- Asset Acquisition - Players spend SAND tokens to buy virtual LANDS, avatar accessories, and game items on Sandbox.
- Governance - SAND token holders can vote on the platform decisions using a DAO structure.
- Fee Capture model – The Sandbox allocates 5% of transaction fees generated from SAND tokens: 50% goes to the staking community, and the remaining 50% supports the Foundation.
- Staking - Holders can stake SAND tokens to earn additional coins as passive revenues on LANDS.
The SAND token has 2.10 billion coins circulating out of a total supply of 3 billion. It’s used for transactions and engagement on Sandbox. Players trade LANDS, avatar characters, accessories, and other virtual assets using the coins. But before buying this token, consider the current market conditions and evaluate the potential risks and rewards.
The digital creators who craft and trade accessories and characters on the platform and players who use the coins to join games are the main holders of the SAND token. It’s currently priced at $0.51. The token’s value is influenced by market demand and updates on the project’s progress. Also, be mindful of market volatility because a bearish trend could result in unexpected losses.
The SAND token has scalability challenges that hinder its widespread adoption despite having a growing user community. Since it relies on Ethereum, it’s also susceptible to the high gas fees associated with the platform, especially during network congestion.
You may quickly buy SAND tokens in the Wigwam crypto wallet. Just add our extension to our browser, create a wallet and click the “Buy” button. Also, there are many crypto exchanges where you can buy this token, some of them are Binance and OKX.
To successfully stake this token, visit the Staking Dashboard on the Sandbox website to DeFi section (sandbox.game/en/me/defi/). Navigate to the SAND staking option and choose "Approve." Sign the transaction confirmation. Once approved, the option to deposit will appear. Click the "Deposit" button, specify the amount of tokens to deposit, and confirm. Sign the transaction confirmation in your wallet.
Also, you can choose a digital platform that supports SAND staking. For example, Binance offers a percentage based on the amount of coins you lock in the pool. Also, you can perform flexible, rewarding staking for this token on OKX.
If you want to view address activities on Sandbox seamlessly, Blockchain Explorers is your best option. Among the varieties, Etherscan and the Bitquery Explorer are popular with inventive features. You can check transaction history and market prices on Etherscan. Also, Bitquery Explorer is used to view token details and transaction data.
To successfully add this token to your wallet, holders must first connect to the Ethereum Mainnet. Go to your profile, click the drop-down list or type ETH mainnet in the search box and choose it from the resultsUse wallets like Metamask or Coinbase for a hassle-free experience. Open your wallet and click the “import tokens” button. Consider the manual procedure if you don’t see the assets after importing. Open your wallet, tap the custom token and type your token address: 0x3845badAde8e6dFF049820680d1F14bD3903a5d0. Now input symbol: SAND and decimals: 0. After entering accurate information, click on add custom tokens, then import the token, and explore your assets.
The first risk with buying SAND tokens is volatility; you might lose money to a bear market. Also, other risks (technical, regulation, competition, etc) are present. So, it would be best to conduct thorough research and evaluate the potential risks and rewards before investing.