• SAND surges 25% as Adidas rumours on a possible partnership.

• SAND has gained 600% since Mark Zuckerberg’s announcement about Metaverse.

• Sandbox Alpha, scheduled for three weeks from 29th of Nov to 30th of Dec 2021.

The Sandbox is another virtual world that uses blockchain technology. It allows users to build, buy, and sell digital assets. The Sandbox brings together the power of both decentralised autonomous organizations (DAOs) and non-fungible tokens(NFTs) in order to create a vibrant game community.

Arthur Madrid is one of the driving forces behind The Sandbox. Arthur is the co-founder of Pixowl and its CEO. He completed his undergraduate studies at the Universite Paris Dauphine in 2000.

The Sandbox is built using the Ethereum blockchain. It is protected by the proof of stake (PoS consensus mechanism). The SAND token is a standard version ERC-20 token. This token allows holders to stake their coins and earn money.

The total supply of SAND tokens is 3 Billion. As of November 2021, 913,246,119 of these tokens are actively in circulation.

Out of the total available supply, 25. 82% is set aside as company reserve, 17. 18% was allocated for seed sales. The team members and founders shared about 31% of the total supply. And about 10% was dedicated as rewards offering for project advisors.

Starting at a low of $0. 02894 (Nov 04, 2020), this virtual world token has peaked at an all-time high of $8. 51 (Nov 25, 2021).

The SAND token has a market cap of $6,365,555,192.28.

After a bull run of 3 days last week, with a weekly high of $8. 4876, SAND is currently consolidating between a market price of $5. 7608 – $7.9440.

Summary

SAND consolidating at the moment. This is normal for anyone who has been involved in crypto for at least one year. Token (not the regular pump and dump shitcoins) take bull runs intermittently, cool off/retrace partially/consolidate and then continue with an upward trend.