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The Sandbox price, market cap on Coin360 heatmap

The Sandbox(SAND)

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$0.593799
(1.82%)
0.00003451 BTC
Market Cap (Rank#52)
$890,384,196
51,742 BTC
Vol 24h
$26,931,628
1,565 BTC
Circulating Supply
1,499,470,108.22
Max Supply
3,000,000,000
1 day agocryptodaily
Flasko (FLSK) To Be A Strong Competitor To Huobi Token (HT) And The Sandbox (SAND
Investors are searching for profitable investment opportunities due to the unfavorable economic climate that caused the FTX and BlockFi collapse. Nearly all coins have been impacted by this downward trend, with some falling and losing 90% of their value. It's hard to locate a currency that the industry's total downswing hasn't influenced. The Huobi Token (HT) and The Sandbox (SAND), two well-known coins, are not immune to this sudden price drop. Despite the unfavorable market, coins with solid foundations, like Flasko, are ready to outperform other currencies. Huobi Token (HT) Not A Viable Long-Term Investment The Huobi Token (HT) offers a few particular advantages to Huobi users, but its primary purpose is to maintain the efficiency of Huobi's exchange. The Huobi Token (HT) is used as a tool to take on Binance and its native BNB cryptocurrency. In the last seven days, Huobi Token (HT) saw a rise of 31% because Huobi partnered with Dominica to help launch its national token, DMC. Nevertheless, an investment in Huobi Token (HT) is not a good idea since it went down 5% on the last day alone. Investing in projects with more room for growth is the way to go. The Sandbox (SAND) With More Price Drops To Come Last year, the Metaverse coin The Sandbox (SAND) came on the scene with a bang. The hype surrounding The Sandbox (SAND) helped it reach its peak of $8.44, but it has all been downhill since then. It is currently down 93% from that point while trading at $0.5881. And with the recent 35% drop in just one month, we can see that The Sandbox (SAND) bearish trend continues. Experts predict that this price will continue to sink, and The Sandbox (SAND) holders are migrating to better projects with upside. Flasko (FLSK) Has Actual Use Cases Compared To HT And SAND As seasoned investors know, finding projects with unique ideas and real-world applications is the fastest method to progress in cryptocurrencies. And that is why Flasko is a better investment than Huobi Token (HT) and The Sandbox (SAND). Flasko will introduce the first and best alternative-investment platform that will combine the cryptocurrency sector and the trillion-dollar appreciating wine, whiskey, and champagne industry. This rising industry provides investors with 28% yearly returns; thus, tapping into it is bound to yield profits! On the Flasko platform, fractionalized NFTs backed by real-world asset will be made available for buying and selling. Flasko will partner with up-and-coming premium beverage start-ups to give them a platform to market their products and reach a new audience. For users who invest a tremendous amount, Flasko will provide three VIP tiers or Clubs, as they call them: Wine, Whiskey, and Champagne. These come with many perks and benefits! There has never been a better time to invest in Flasko and benefit from its distinctive value offer than now when tokens are available for only $0.085 each. And with the price predicted to surge 4,000% in 2023, we recommend checking Flasko out! Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
WAHED Projects Donates 5 Million WAHED Coins to Fund Autism Research and Therapy
Cranfield, England, 3rd December, 2022, ChainwireInvestment and philanthropy platform WAHED has donated 5 million of its utility token WAHED Coin to Fondazione Europea Alessandro Cenci (FEAC) at a private event in Rome. FEAC is an Italian non-profit organization focused on awareness, education and research to improve the care given to children and adolescents on the autism spectrum. In attendance at the Rome event were leadership figures from the WAHED and FEAC organizations. WAHED Chairman Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa and FEAC President Eros Cenci were joined by prominent members of their teams. Sergio Torromino, former Italian Member of Parliament and current WAHED Board Member Dr. Salvatore Alberto Turiano, staff vascular surgeon at the University Hospital Policlinico-San Marco in Catania, Italy Dr. Luigi Lidonnici, FEAC member and owner of an autism therapy center in Calabria Giuseppe Scuderi from the Scientific and Technological Park of Sicily Following a locked-in vesting period, 5% of the donated WAHED Coin will be released after 1 year. All appreciation in the token value during this time will stand to benefit FEAC, and the limited unlocking will ensure limited volatility in token price. This donation to FEAC aligns with the WAHED vision of supporting companies and organizations that are improving the quality of life around the world. The ease of transacting cryptocurrency globally makes it a perfect vehicle for charitable and philanthropic activities, and sets the stage for a future where everyone can contribute to causes that they believe in. About FEAC Despite rapid advancement in medical technology improving the quality of life all over the world, there is plenty of work still to be done. Questions about the causes, prevention and management of many diseases still remain, and autism, despite affecting millions around the world, is still misunderstood. The FEAC provides researchers and medical professionals with the funds they need to help improve both the lives of individuals on the autism spectrum and their care circles. The first major project in FEAC’s vision is a therapeutic clinic in Calabria in collaboration with the Lidonnici family. The 1200 square-meter space will bring education and awareness of the realities and challenges of daily life faced by individuals with autism. The clinic will also provide access to therapy, providing aid and guidance to ensure quality care when managing the condition. Making expert care available to all who need it is a vital part of the FEAC vision, and the center in Calabria is the first of many. About WAHED WAHED is an investment and philanthropy hub that is powered by WAHED Coin. Serving as the blockchain partner for several ambitious projects around the world, WAHED aims to use technology to scale operations and enrich more lives. Established in the United Kingdom, WAHED is led by Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa, former Undersecretary to the Ministry of Housing in Bahrain. Bringing decades of experience in industries ranging from oil, banking and commodities, the WAHED founding team has identified the array of advantages that blockchains can bring to traditional systems. WAHED Coin provides access to innovative ideas to retail investors and cryptocurrency enthusiasts from all over the world. WAHED Coin will be available for trading on LBANK exchange from the 5th of December 2022. To learn more about the WAHED Ecosystem, visit the WAHED website. Become part of the global WAHED community on Discord, Facebook, Instagram and Twitter. ContactWahed Projects [email protected]
1 day agonulltx
Top 3 Gaming Tokens to Watch in December 2022
Gaming Tokens are in-game cryptocurrencies earned while interacting on the platform. Gaming Tokens has a total market capitalization of $6,994,395,550 and a total trading volume of $867,211,974, with some top projects such as ApeCoin, The Sandbox, and Decentraland. Note: This List is sorted by their market capitalization from lowest to highest Dawn Protocol (DAWN) Price […] The post Top 3 Gaming Tokens to Watch in December 2022 appeared first on NullTX.
2 days agocryptodaily
What is the future for privacy coins?
A leaked EU proposal to restrict privacy enhancing coins could be a serious worry for this crypto niche. With regulators seemingly on the warpath against any form of monetary privacy, things do not look good for privacy projects. TornadoCash is one example of harsh law enforcement whereby a developer for the project has ended up facing jail time just for writing some of the code. Why privacy-enhancing coins? The blockchain is by definition completely public and transparent. Every transaction that is made is stored forever and anybody can see which wallet it is sent from and which wallet received it. However, in spite of the advantages of transparency, these come with the disadvantage that every single transaction made by someone can be transparently viewed - no matter how private or potentially embarrassing it might be. Those viewing your transactions could be anyone, including your boss who knows your salary history to the exact dollar - pretty disadvantageous for your next salary negotiation. Or how about nefarious actors? Fraudsters, thieves and any other criminals would be able to see how much you are worth and if it’s worthwhile kidnapping you in order to extract your private keys to the wallets you own. The long and short of it is that blockchain technology is not going to be used if this means that people’s financial history is made public. Therefore, this is where privacy-enhancing coins come in. There are various ways in which these work. Some utilise mixers that jumble transactions in order to conceal the wallet identities of the senders and receivers. Cryptographic technologies such as zero-knowledge proofs, homomorphic encryption, and multiparty computation are used to obfuscate the data and make it impossible for any third party to unravel. Why the EU would want to ban privacy-enhancing coins Privacy-enhancing technology is extremely complex and it could easily be imagined that regulators just wouldn’t have the technical know-how with which to grasp and fully understand everything, let alone be able to competently lay out regulations that can keep up with such a fast-moving technological space. The EU view will likely be that privacy-enhancing coins will make it far more difficult to uncover their potential use for money laundering and other illegal activities. The leaked EU proposal The part of the leaked draft that is causing some consternation in crypto circles is the following: “Credit institutions, financial institutions, and crypto-asset service providers shall be prohibited from keeping …anonymity-enhancing coins” This is suggesting that centralised exchanges etc. will not be able to list privacy-enhancing coins. The leaked draft also includes that no transaction over 1000 EUR can remain private. KYC would even be required for amounts under 1000 EUR. This would appear to open the door to a complete restriction on user privacy, and would potentially leave their details open to being doxxed. Dusk Network - privacy with full regulatory compliance The goal for Dusk Network is user privacy for transactions while simultaneously remaining compliant with regulations. Dusk highlights that “privacy is an inalienable right, formally enshrined in the Charter of Fundamental Rights here in the EU”. Dusk also posits that in order to comply with EU GDPR rules, all user data stored on the blockchain must have a proper level of privacy built in, which Dusk provides. The Dusk zero-knowledge proof technology builds in compliance at the core level. The protocol is being developed with KYC for DeFi as an absolute requirement, meaning that users remain compliant as they transact. For example, if the user tries to transact, knowingly or unknowingly, with persons in a sanctioned country, the code will not allow the transaction. Dusk Network is well aware that the regulatory environment is constantly shifting, and for that reason it is constantly monitoring the situation. However, it believes that it has the solution to the problem as explained in a Dusk blog post on the matter: “Auditors are able to ensure that what is happening on our network complies to the regulations, in addition to compliance being built in from the core. If you’re not allowed to turn left, there is simply no option to turn left. You don’t need to monitor that people aren’t turning left, as it were. Institutions are able to use our technology without fears of being penalized as we are compliant with the rules, and users are able to have a system that gives them control over their assets, the chance to use them outside of the crypto sandbox, without having to air their dirty laundry for all to see.” Dusk Network is optimistic for a privacy future that includes regulated DeFi. It also holds the belief that traditional finance needs to merge with blockchain and decentralisation in order to bring a better, faster and more innovative system that can adapt to the modern world that we live in. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
3 days agocryptodaily
Telegram To Build Decentralized Exchange, Crypto Wallets
Messaging app Telegram has announced plans to build a decentralized exchange and non-custodial wallets in the wake of the FTX collapse. Telegram founder and CEO Pavel Durov stated that the messaging app plans to push ahead with its buildout of crypto infrastructure. Decentralized Exchange, Wallets In The Works With the crypto space rocked by the collapse of the FTX exchange, Telegram has announced plans to build decentralized and trustless alternatives. Telegram founder and CEO Pavel Durov made the announcement on his Telegram channel on Wednesday. Durov stated that the company would be building decentralized exchanges and non-custodial wallets, enabling millions to use and trade their crypto safely. According to Durov, this would be a start to fixing problems caused by excessive decentralization. “This way, we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.” According to Durov, the project should be feasible, citing the development of Fragment, Telegram’s decentralized auction platform, which took only five weeks, and five people to develop. Building Crypto Infrastructure Telegram has been relatively successful in bootstrapping and building out its own crypto infrastructure, having sold $50 million in usernames through Fragment, its blockchain-based auction platform. Fragment has been built on the Telegram Open Network. The Telegram Open Network was initially abandoned by Durov after coming under significant regulatory pressure. However, the blockchain’s community successfully kept the protocol alive. With the success of Fragment, Durov intends to enable Telegram to build further decentralized infrastructure, which could benefit millions of users. Pushing The Industry Back Towards Decentralization Durov called for the developer community to steer the crypto industry back towards decentralization and decentralized applications. He stressed on moving away from third parties who have led to uncertainty in the crypto space. According to Durov, the over-reliance on centralized entities has led to many users to lose their savings, as demonstrated by the FTX collapse. FTX has been accused of mismanaging funds, lending them out to its sister concern, Alameda Research. This is a strict no-no for exchanges that handle customer funds. As a result of the collapse, other exchanges are rushing to implement robust mechanisms and better checks and balances. These include proof of reserves systems that verify possession of client funds on-chain. Others Echo Durov’s Sentiments Durov’s views about FTX found support in several quarters. Cardano founder Charles Hoskinson echoed the Telegram CEO’s views when speaking at the Financial Times Crypto and Digital Assets Summit, stating, “The failures we’re having aren’t failures of protocols, aren’t failures of DeFi. They’re failures of trust, they’re failures of regulation, they’re failures of people.” Other crypto users seem to feel the same way as well. Analysts at JP Morgan stated that they had seen a significant outflow of funds from other centralized exchanges such as Crypto.com, OKX, Gemini, and others after the FTX collapse. Other firms, such as BlockFi, have filed for bankruptcy, while trading desk Genesis has halted withdrawals. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
Why is it just about crypto? - Credit Suisse first bank to fall?
Crypto is a tiny asset class of around $850 billion. Failures here will not impact the financial system. Collapsing banks will. Mainstream media would have you believe that the only malaise in world finance is crypto. World financial leaders such as Janet Yellen, Secretary of the US Treasury, and Christine Lagarde, President of the European Central Bank, have spoken of crypto failures possibly affecting the financial system at some future point. However, neither of them, or indeed no other leaders of banks or other financial institutions make anywhere near as much reference to failing banks. Depositor insurance might not be enough Of course, it might be mentioned that even if a bank did go down, there is always insurance for the depositors, such as the FDIC in the US, or the FCA in the UK. Be that as it may, if just one bank went down, the contagion would very probably spread to others, just like in the case of centralised crypto exchanges. In such a situation the deposit insurance would very likely not be able to cover the depositor’s losses to the extent at which they are currently guaranteed. Bail-ins Then there is also the possibility (allowed for by law) that the banks could choose to bail in those who hold deposit accounts, thereby obliging their customers to shoulder and partake in the banks losses. This situation already occurred in Cyprus back in 2013. In a Forbes report on the event, the process of bailing in was explained, and the outcome was declared as: “Financial institutions (e.g. German banks, and central banks including the Bundesbank) get full repayment, along with government entities, while everyone else gets to eat sand.” Investors doubt Credit Suisse can repay debts Credit Suisse could be that first bank domino to fall. The bank warned on November 23 that it would post a heavy loss for the fourth quarter. This was following on from Federal Reserve banks extending $6.3 billion to the Swiss bank through a dollar liquidity swap line in October. A further $3.1 billion was already swapped previous to this. In spite of this, investors are still not convinced of Credit Suisse’s long-term solvency, and its short-term liquidity crisis is certainly not helping. Repeated scandals It remains to be seen just how bad the fraud and mismanagement of funds will turn out to be in the case of the crypto exchange FTX. However, with Credit Suisse, the repeated scandals that have dogged the bank for many years do mostly appear to be in the public domain. A report by the UK-based Guardian details many of these scandals that take in a wide gamut of the most serious crimes. “A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.” Financial reports do not highlight banking failures So when the world’s leading financial organisations publish reports that focus on the maladies of the crypto sector it has to be wondered why they don’t also wish to highlight what is going on in the banking sector? It might be argued that it just isn’t in their interest to do so. Financial organisations such as the IMF, the World Bank, FATF, and the BIS among others, are all deeply embedded in the traditional financial system and therefore why would they wish to shine a spotlight on any of its failures? The awful truth When crypto companies go down they cause losses for those who have invested in them. If banks are in danger of going down, the central banks just print money to bail them out, all to be taken care of by the taxpayers. There is a very opaque curtain across the entire banking system. Since gold was completely removed from the backing of the fiat currency system in 1971, the dollar has lost most of its purchasing power. In fact, in 2020 alone, 20% of the entire supply of dollars in all history were printed, amounting to $3.4 trillion. With central bank digital currencies (CBDCs) about to be rolled out across the planet, with their utility enabling the central banks to completely strip away individual privacy and freedoms, crypto is the most welcome scapegoat to take the public eye off what is happening. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
Solana (SOL) and Polkadot (DOT) Will Look To Improve After Plona (PLON) Raises $500 Thousand.
Why is the blockchain industry important? Before the release of Bitcoin in 2009, people had to manage their finances using banks, financial organisations, and other third-party companies. However, now with cryptocurrencies on the blockchain, we can eliminate these institutions. The recently launched Plona (PLON) token is leading the change in the finance sector. Solana (SOL) struggles after a 5% decrease. The developers of Solana (SOL) created this cryptocurrency to improve the Ethereum blockchain. Launched only in 2020, Solana (SOL) quickly gained popularity and rose to the top 10 of CoinMarketCap. The Solana (SOL) platform is known for its reliable smart contract function and for supporting developers worldwide who create crypto apps. The platform was designed to host scalable apps functioning in the decentralised finance ecosystem (DeFi). A year after its launch, Solana (SOL) scaled by 12,000% in 2021. However, this year saw its market capitalisation fall by a whopping $11.71 billion. Furthermore, Solana (SOL) dropped by another 5% this week. Polkadot (DOT) might lose its investors. Polkadot is a unique protocol that securely connects unrelated blockchains to talk and work with one another. This connection allows the data or value to flow without interruption between cryptocurrencies like Bitcoin (BIT) or Ethereum (ETH). The Polkadot (DOT) platform allows for apps and services running a compatible decentralised web by securely communicating across various chains. Polkadot (POL) can be bought or sold through a decentralised protocol or exchanges like Coinbase and allows users to send value and data to networks that were once incompatible. Polkadot (DOT) would like to forget last week after its value dropped by 4.65%. Now worth $5.91, Polkadot (DOT) sits in 12th place on the CoinMarketCap. If you are looking for a cheaper option, Plona (PLON) might be the right investment for you. Plona (PLON) to $500 thousand in its first two weeks of the presale. Developed by a team of blockchain experts and exotic car enthusiasts, Plona (PLON) is a cryptocurrency blockchain. As an Ethereum-based non-fungible token (NFT), Plona (PLON) functions on the decentralised finance (DeFi) platform. Plona (PLON) is bringing the car industry into the blockchain space by allowing investors to purchase a fraction of some of the world's most luxurious cars for $29. Plona (PLON) platform is locking up liquidity for five years and donating 2% of its tokens to a charity chosen by the community. Furthermore, Plona (PLON) investors will benefit from a 2.5% transaction fee from all network transactions. Plona (PLON) phase one presale has begun, and after only two weeks, the platform has raised $500 thousand. Blockchain experts and crypto analysts have predicted Plona (PLON) to have a 3,000% gain by the end of January 2023. Find out more about Plona (PLONA) and enter the presale using the links below. Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptodaily
Plona (PLON) Continues to Break Records as UNUS SED LEO (LEO) and Chain (XCN) Drop in the Marketplace
Investors in the cryptocurrency industry will be used to the ever-changing state of the blockchain industry. Predicting how well a cryptocurrency will perform in the market is challenging, but blockchain analysts use certain trends to anticipate specific outcomes. Many blockchain experts are now studying the recently launched cryptocurrency Plona (PLON). UNUS SED LEO (LEO) is down to $4.15 after losing 7.41% of its market value. UNUS SED LEO (LEO) is a utility token described as "the utility token at the heart of the iFinex ecosystem" by its creators. As a cryptocurrency blockchain created by iFinex, UNUS SED LEO (LEO) was designed to be used across the iFinex ecosystem. UNUS SED LEO (LEO) token holders can use the Bitfinex cryptocurrency exchange, also created by iFinex, to reduce trading, lending, plus other exchange fees. One of the iFinex main reasons for creating UNUS SED LEO (LEO) was to extend the capabilities of all users and services on the platform. UNUS SED LEO (LEO) is now $4.15 after losing 7.41% of its market value. What does this mean for its investors? iFinex will certainly be looking for a way to improve the state of UNUS SED LEO (LEO) for the sake of its investors. Chain (XCN) is nearly 10% down this week. Founded in 2014, Chain (XCN) was designed to be a governance and utility token for the Chain Protocol. Chain (XCN) was also designed to be a provider for Web3 and offer a variety of products. These products offered are more accessible to launch and run a blockchain network. Chain (XCN) provides a range of use case applications within its platform. Outside of voting on the Chain (XCN) Protocol, users can also stake XCN to secure the protocol and earn rewards. In the last 24 hours, $14 million Chain (XCN) was traded for $0.05838. However, after the past week, Chain (XCN) is down by 10%, leaving its investors worried. Plona (PLON) phase one presale to raises $500 thousand in two weeks. Plona (PLON) is the number one token promoting fractional ownership by tokenisation. Plona (PLON) is the world's first fractional luxury car investment platform on the blockchain, enabling users to trade fractional NFTs backed by real-world cars for $29. Additionally, Plona (PLON) is partnering with exotic car dealers and networks to enable its investors to tap into their private members' clubs. This partnership will allow them to benefit from exclusive networking events and discounted vehicle purchases and rentals. Plona (PLON) stage one presale is underway and is starting at $0.012 for one token, with its presale stage aiming to raise $500 thousand. Investors will benefit from a 2.5% transaction fee for all network transactions. The platform has undergone and passed its audit by Interfi Network, a well-respected auditing firm in the crypto industry, and now Plona (PLON) is deemed a safe investment. Find out more about Plona (PLONA) and enter the presale using the links below. Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptodaily
50 days left until Digital Assets Summit in Switzerland
Zurich, Switzerland, 30th November, 2022, ChainwireOne of Europe’s most exciting blockchain conferences — the World Crypto Conference 2023 — will be held from Jan. 13 to 15 in Switzerland, the global center of traditional finance and one of the world’s most crypto-friendly countries. Fittingly, the WCC2023 takes place just before the annual World Economic Forum in Davos. Delegates to both events will be debating the economic and social impact of technology, and especially the transition to Web3. The specific goal of the WCC2023 is to bridge the gap between the traditional world of finance and business (TradFi) and the crypto world. It also aims to facilitate mass adoption of crypto assets and the creation of sustainable, fast and secure financial systems. It will encourage collaboration and networking between TradFi and DeFi companies, and connect traditional IT companies with Web3. The event timing could not be better, coinciding with the move of several TradFi institutions toward blockchain solutions. Who would have expected the conservative Deutsche Bank or the Nasdaq to be building capabilities for digital assets? “The move is driven by clients demanding institutional-grade solutions in the crypto space,” said Robin Vince, CEO of BNY Mellon, America’s oldest bank, with $43 trillion in assets under management. A survey in early 2022 showed that 91% of large institutional asset managers, asset owners and hedge funds were interested in investing in tokenized assets. Rubbing shoulders with the experts Crypto’s top players and pioneers, blockchain evangelists and business leaders will meet in Zurich to discuss the future of digital assets, DeFi, CeFi, TradFi, GameFi, NFTs, the Metaverse, Web3, DAOs, cross-border payments, tokenization and fractional ownership, regulation and more. Key opinion leaders, including Carl Runefelt (The Moon Group), Ben Armstrong (Bitboy Crypto) and other influencers will host live fan meetups, sharing how to build financial freedom and authentic social media channels and communities. Some of the biggest traditional banks and their digital asset departments have accepted the invitation to get to know the people in the crypto space, get in touch with blockchain builders, developers and general enthusiasts while increasing their trust in the possibilities of Web3. Industry leaders such as Huobi, Sandbox, BitMEX, Sygnum, Animoca Brands, Coinbase, IBM and others will be there. Many more will join in the coming weeks. Delegate experience is top of mind There are exciting features to ensure active participation from delegates. Even buying a ticket will be an experience — and comes with an NFT. This way, people will gain first-hand experience with this blockchain technology, and how it can be adapted to other economic sectors. There are also limited tickets for students at special rates. The WCC2023 is the first conference to be held on the Metaverse, and will be live-streamed for those who cannot attend in person and for those who want to experience it all over again. Delegates will get crypto trading tips by watching top influencers trading live on CEX exchanges, and they can participate in a trading competition. Delegates can also attend crash courses and learn about the newest trends in Web3, NFTs and the Metaverse on Day One. On Day Three, 10 top crypto projects will present their pitches to compete for an investment prize established by VCs. There will also be networking opportunities aplenty, with dinners, parties, breakfasts, workshops and special events for those with VIP or Whale passes. What’s on the agenda? Conference success depends on the quality of the speakers, the range and relevance of the topics, and the opportunity for delegates to meet and debate the issues. WCC2023 will certainly meet these criteria. Just three names in the current list of 50 speakers: Mehdi Farooq — senior tokenomics analyst at Animoca Brands Michela Silvestri — institutional business development at Huobi Global Peter Hofmann — regional manager at Coinbase There will also be experts from Sygnum, the world’s first digital asset bank, GSR, a global leader in crypto trading and market making, Ledger, the digital wallet company, and Animoca Brands, a Hong Kong-based game software company. Alexandre Auriol from Sandbox and Julien Bouteloup of Curve Finance will provide perspectives of companies at the cutting edge of blockchain and DeFi. TradFi will be well represented at the event, with Luc Froehlich from Fidelity International, a London-based investment management company founded in 1969 and with $813 billion in AUM; Alexander Bechtel from DWS, a German asset management company established in 1956 and with 928 billion euros in AUM; and Niccolò Bardoscia, vice president at Intesa SanPaolo, Italy’s largest bank by total assets and the world’s 27th-largest. The World Crypto Conference 2023 promises to be well-timed, well-placed and well-attended. For more information and to secure tickets, visit the event site, Telegram, or Twitter.ContactFounderGabriele PauliukaiteWorld Crypto [email protected]+4593846272
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About The Sandbox

The live price of The Sandbox (SAND) today is 0.593799 USD, and with the current circulating supply of The Sandbox at 1,499,470,108.22 SAND, its market capitalization stands at 890,384,196 USD. In the last 24 hours SAND price has moved 0.011539 USD or 0.02% while 22,888,148 USD worth of SAND has been traded on various exchanges. The current valuation of SAND puts it at #52 in cryptocurrency rankings based on market capitalization.

Learn more about the The Sandbox blockchain network and how it works or follow the price of its native cryptocurrency SAND and the broader market with our unique COIN360 cryptocurrency heatmap.

The Sandbox is a blockchain-based decentralized virtual gaming metaverse run on Ethereum. Built by combining the features of decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs), The Sandbox allows users to create, build, buy, and sell digital assets using its native utility token SAND as its in-game currency.

Launched back in 2011, The Sandbox is the brainchild of Arthur Madrid and Sebastian Borget, co-founders of Pixowl. In 2018 Animoca acquired Pixowl, announcing its goal to create a 3D sandbox-style game using blockchain technology. In August 2020, The Sandbox raised $3 million for future operations through an initial coin offering (ICO).

The Sandbox is unique from other crypto metaverse projects as it aims to integrate blockchain technology into mainstream gaming by facilitating a ‘play-to-earn’ (P2E) model, where players who have no previous coding skills can contribute to the platform's ecosystem as creators and gamers simultaneously. With SAND serving as a utility token, SAND holders are also able to exercise their right to vote on crucial decisions regarding the governance of the network via a decentralized autonomous organization (DAO).

SAND price

According to our SAND/USDT live price chart, SAND registered an all-time high of $0.09 on Aug. 14, 2020, however, after that the token failed to show any noteworthy rallies until Q1 of 2021 when it saw its first bull run, going from $0.04 on Dec. 24, 2021, to around $0.1 on Jan. 21, 2021 — marking a gain of 312%.

However, SAND continued this upward trend in the coming months as it set a new all-time high, going from $0.09 on Jan. 28, 2021, to $0.9 on March 28, 2021 — a whopping gain of around 970%. However, as the broader crypto market was hit by a severe crash in May 2021, SAND lost most of its gains.

It wasn't until June when SAND price started to move again as it rallied from $0.1 to around $1.2 by Aug. 30, 2021. Although the token fell under $1 again in the coming months, it set a new strong rally in autumn of 2021 when Adidas announced it would be partnering with the Metaverse gaming project, this saw the token jumping from $0.7 on Oct. 20, 2021, to just above $8. on Nov. 25, 2021 — a surge of 1,000%+ in just 36 days, marking a new all-time high. This put SAND’s fully diluted valuation at $24 billion.

SAND could not, however, hold on to these gains as the crypto market saw another crash in 2022. While SAND price traded below $1 in May 2022, it remains a popular gaming/metaverse token, ranking in the top 3 for the category, under ApeCoin (APE) and Decentraland (MANA).

How SAND works

At its core, The Sandbox Metaverse uses a proof-of-stake (PoS) consensus mechanism where stakeholders with the biggest holdings ensure that the platform is secure and transactions are carried out smoothly. The system rewards stakers a share from the SAND pool depending on how much they have staked.

The Sandbox also allows players to buy digital land, called LAND, which is limited to 166,464 NFTs. Players can populate their LAND with their own creative ideas to share with other players. Some of the key components in The Sandbox include:

SAND: SAND is the platform's main utility ERC-20 token used to facilitate in-game transactions like purchasing LAND, interaction with user-generated content (UGC), and staking to vote on the the decentralized autonomous organization's (DAO) governance.

Asset tokens or Non-fungible tokens (NFT): These tokens are ERC-1155 and ERC-721 tokens, more commonly knowns as NFTs. These are in-game items that can be bought to inhabit your LAND, like avatars, animations, etc, which can be traded/bought on The Sandbox marketplace.

While The Sandbox uses a rather simple straightforward consensus mechanism, the blockchain gaming platform offers some intricate yet easy-to-use development tools to help players create, build, sell, and populate their LAND even if they have no prior coding knowledge. 

The Sandbox gaming ecosystem offers three integrated services that together provide a broad experience for user-generated content (UGC) production:

VoxEditor: The main element of The Sandbox game are 3D pixels called voxels. The 3D voxel modeling package allows users to create animated 3D objects such as characters, foliage, animals, and avatar-oriented equipment (clothes, weapons, etc), these objects can then be exported to The Sandbox marketplace to become game ASSETS.

Marketplace: The Sandbox marketplace allows users to upload, publish, and sell the digital assets (ASSETS) they created to other Sandbox players. However, before these ASSETS can be bought and sold using SAND, they are first registered as ERC-1155 and ERC-721 tokens on the Ethereum blockchain.

Game Maker: The third and final most important ecosystem product is the Game Maker. Game Maker allows users to build and place ASSETS they created or bought from The Sandbox marketplace on their LAND. Game Maker also lets creators implement unique gameplay mechanics to ASSETS, turning each LAND into a potential fully developed game.

SAND news, updates, and highlights

The Sandbox made a $3 million token sale through the Binance launchpad in Aug. 2020. The initial exchange offering (IEO) took place on Aug. 13, via a lottery format through the Binance platform. The Sandbox has also already secured 50 partnerships with renowned companies, one of them being Square Enix, a Japanese game developer, and publisher who helped raise $2 million through an investment round in 2019.

In September 2021, The Sandbox announced that legendary rapper Snoop Dogg would be joining its Metaverse. The rapper would be setting up his mansion, NFT collection, and performing live concerts in the games Metaverse. Furthermore, The Sandbox would be offering Snoop Dogg avatars available for purchase. It would also be introducing carefully designed and curated virtual Doggfather items like his personal car collection, NFT art, dogs, and much more. 

During a fundraiser in Nov. 2021, The Sandbox raised a whopping $93 million through SoftBank’s Vision Fund 2. The funds would be put towards the growth of The Sandbox creator’s economy as the platform expands into virtual concerts, fashion, and architecture. 

In Q4 of 2021, the sports apparel giant Adidas confirmed that it would be partnering with The Sandbox to develop an “adiVerse”, a virtual footwear wall with the Metaverse platform. The sportswear company purchased LAND on The Sandbox hinting at future NFT projects which saw SAND’s price rally on Nov. 25, 2021.

Frequently asked questions about SAND

  • Can you mine or stake SAND?

The SAND token is secured on the Ethereum blockchain using the proof-of-stake(PoS) consensus mechanism, which means it cannot be mined. However, it can be staked to earn rewards, with your earnings depending on how much you stake. 

  • What are some of the best SAND wallets?

SAND is an ERC-20 token which means it can be stored on both online and hardware wallets. The Sandbox does not provide its own wallet but you can use MetaMask, Atomic Wallet, and Trust Wallet. However, if you are more interested in hardware wallets, Ledger Nano S and Trezor One are suitable options.

  • What can you do with SAND?

Users can use SAND tokens to vote on the ecosystem's governance via a decentralized autonomous organization (DAO), buy LAND in The Sandbox, stake them to earn rewards or trade them for other cryptocurrencies like BTC and ETH

  • How to buy SAND?

You can buy SAND against SAND/BTC, SAND/ETH, and SAND/USDT trading pairs on exchanges like OKX and HitBTC and MEXC, or by using fiat currency with on-ramp services.

The Sandbox Price0.593799 USD
Market Rank#52
Market Cap890,384,196 USD
24h Volume26,931,628 USD
Circulating Supply1,499,470,108.22 SAND
Max Supply3,000,000,000 SAND
Yesterday's Market Cap884,537,800 USD
Yesterday's Open / Close0.578361 USD / 0.5899 USD
Yesterday's High / Low0.591313 USD / 0.578361 USD
Yesterday's Change
0.02% ( 0.011539 USD )
Yesterday's Volume22,888,148 USD
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