What chain does SAND coin belong to?

SAND coin, a token issued natively based on Ethereum (ERC-20), is widely used in the blockchain field. In addition to Ethereum, SAND coins are also circulated on Binance Smart Chain (BEP-20), OKX Chain (OCC) and Polygon (MATIC). These different blockchain platforms provide SAND coins with additional liquidity, transaction convenience, and functionality.

SAND coins are currently circulating on the following blockchain platforms:

• Ethereum (ERC-20): SAND coin’s native blockchain is also its main circulation platform.
• Binance Smart Chain (BEP-20): The high-performance blockchain launched by Binance provides additional liquidity and transaction convenience for SAND coins.
• OKX Chain (OCC): A decentralized public chain developed by OKX Exchange that supports fast and low-cost transactions and has become an important trading platform for SAND coins.
• Polygon (MATIC): Ethereum’s expansion solution, providing a low-cost, high-throughput transaction experience for SAND coins.

Specific chain details

1. Ethereum (ERC-20)

• Ether Fang is the initial issuance network of SAND coins and has the largest liquidity and transaction volume.
• The ERC-20 token standard ensures broad compatibility of SAND coins in the Ethereum ecosystem.
• Due to Ethereum’s high transaction costs, SAND coin transactions on Ethereum may be relatively expensive.

2. Binance Smart Chain (BEP-20)

• Binance Smart Chain is a blockchain platform compatible with Ethereum , providing low transaction fees and faster transaction speeds.
• Binance’s strong ecosystem and user base have facilitated SAND coin trading activity on BEP-20.
• The liquidity of BEP-20 SAND coins is second only to the liquidity on the ETH chain, providing users with additional trading opportunities.

3. OKX Chain (OCC)

• OKX Chain is a high-speed blockchain designed for trading and DeFi applications.
• Transaction costs on the OCC network are very low while maintaining high-speed transaction capabilities.
• OKX Exchange’s large user base provides SAND coins with good trading depth and liquidity on the OCC chain.

4. Polygon (MATIC)

• Polygon is an Ethereum second layer solution designed to solve the scalability of Ethereum question.
• It provides low transaction costs and faster transaction speeds, suitable for high-frequency trading and gaming applications.
• SAND coins on Polygon are mainly used in transactions related to blockchain games and Metaverse projects.

FAQ

Q1: What type of token is SAND coin?
A1: SAND coin is an ERC-20 token that is natively issued on the Ethereum blockchain and now also supports BEP-20, OCC and MATIC blockchains.

Q2: What is the main use of SAND coins?
A2: SAND coins are mainly used for the purchase and transaction of land, assets and game experiences in The Sandbox Metaverse.

Q3: Which exchange is SAND currency traded the most?
A3: OKX is the exchange with the largest trading volume of SAND coins, followed by other well-known trading platforms such as Binance and Huobi.

Q4: What is the future development prospect of SAND currency?
A4: The future prospects of SAND coin depend on the development and adoption of The Sandbox Metaverse. If The Sandbox continues to grow, demand for SAND coins may increase accordingly.

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