We told you about Sand last week, a token based on the Ethereum blockchain and attached to the platform The Sandbox, working on the subject of Metaverse. After an exceptional advance during the month of November, its trading has slowed down somewhat and its price seems to find support around $ 6.
After Crypto.com and Binance, it is the turn of the ZenGo exchange, specializing in cryptocurrencies, to offer to buy Sand. The app is available in 188 countries and will contribute to the popularity of Sand, already ranked 39th among the largest capitalization cryptocurrencies. Currently in the spotlight, its investors are betting on an adoption by the tech giants of the “virtual world” accessible in virtual reality.
ZenGo proposes the purchase of Sand
The ZenGo cryptocurrency exchange was born in 2018 and became known for its crypto-wallet accessible in just 20 seconds. On it, users can exchange their euros in cryptocurrency. The app takes a commission of 1.99% for wire transfers or 5.99% for credit card purchases. In 2021, the policy has been updated and the minimum purchase amount is € 80.
On Twitter, ZenGo announced the arrival of the Sand token by offering users to exchange their bitcoins. On other platforms, cross-chain is not necessarily possible and you usually have to trade Ether or stablecoins based on the Ethereum blockchain. Among the interesting points of the service: the possibility of obtaining a 5% return per year with its bitcoins, thanks to a “lending” solution. The offer is available from November 1 until the end of January 2022, to all customers.
– Sebastien 🏞 (@borgetsebastien) December 2, 2021
What is the Sandbox?
Since Facebook changed the name of its parent company to “Meta”, a symbol of a profound shift towards the metaverse, many platforms that work on virtual worlds accessible in virtual reality have gained momentum. The Sandbox is the perfect demonstration of this. It must be said that his recipe is quite relevant.
In its recent news, The Sandbox has made itself known for the beta opening of its metaverse to more than 5,000 users. But at the same time, the company also has a marketplace where developers can sell their NFTs of infrastructure, characters and virtual sets intended for companies building their own metaverse. Recently, a virtual luxury yacht NFT traded for over half a million dollars at an auction.
Discover The Sandbox
The Sand token, which has gained nearly 200% in the past month, already has a capitalization of 5.6 billion dollars and the CoinMarketCap site lists more than 67,000 addresses of virtual wallets holding The Sandbox tokens. Several brands and personalities have joined the platform. This is the case of Adidas, Atari, Binance but also rapper Snoop Dogg and DJ Deadmau5.