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Homeweb3.0What chain is SAND coin on?

What chain is SAND coin on?

Dec 06, 2024 pm 01:28 PM
Blockchainoriginal universecryptocurrencyEthereumBinanceexchangeHuobiBlockchain gamesokxEthereum blockchainDecentralized exchange

SAND coin is the native cryptocurrency in the blockchain game "The Sandbox", running on the Ethereum and Polygon blockchains. This metaverse game allows players to create, own and monetize virtual worlds. SAND coins are used in-game to purchase land, assets, and wearable devices, and can also participate in governance voting, community activities, and staking. As the leading token in the Metaverse, SAND Coin powers the ecosystem, allowing players and community members to participate in and benefit from the development of the game.

What chain is SAND coin on?

SAND Coin: The leading chain in the Metaverse Coin

Key Points:

  • SAND Coin is a blockchain game The Native cryptocurrency in Sandbox.
  • It is based on the Ethereum blockchain and can be traded on major cryptocurrency exchanges.
  • SAND coins have a wide range of uses, including in-game purchases, governance voting, and community participation.

SAND coin’s blockchain:

  • The Sandbox chain: This is a chain specially designed for The Sandbox game A custom chain for handling in-game transactions and asset management.
  • Ethereum: The original version of the SAND coin is based on the Ethereum blockchain and is still available on most exchanges.
  • Polygon: The Sandbox has integrated Polygon to increase transaction speed and reduce costs.

Uses of SAND coins:

  • In-game purchases: In The Sandbox game, SAND coins can be used for purchases Game assets such as lands, items, and wearables.
  • Governance Voting: Users holding SAND coins can use tokens to participate in the governance decisions of the game and influence the development direction of the game.
  • Community Participation: Various events and competitions are held in The Sandbox ecosystem, where participants can win SAND coins and exclusive rewards.
  • Staking: SAND coins can be staked to obtain SAND rewards and enhance your status and privileges in the game.
  • Decentralized Autonomous Organization (DAO): SAND coin is the governance token of The Sandbox DAO, allowing community members to vote on game decisions.

How to get SAND coins:

  • Major cryptocurrency exchanges: OKX, Binance, Huobi, etc. All exchanges provide SAND currency trading.
  • Decentralized Exchanges (DEX): Some DEXs, such as Uniswap and PancakeSwap, also support SAND coin trading.
  • The Sandbox Game: Earn SAND coins in-game or purchase through the secondary market.

FAQ:

Q: What is The Sandbox game?

A: The Sandbox is a blockchain game that integrates metaverse, social and gaming, allowing players to create, own and monetize their own virtual world.

Q: What can SAND coins be used for?

A: SAND coins can be used for in-game asset purchases, governance voting, community participation, staking and DAO governance.

Q: What is the market value of SAND coin?

A: As of the time of writing this article, the market capitalization of SAND coin is approximately US$850 million.

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