Phemex Renowned for its robust and comprehensive infrastructure catering to over two million users, Phemex continues to revolutionize the online crypto trading experience by advancing its features even further.
In the Sandbox ecosystem, the SAND token reigns supreme as its primary ERC-20 currency. Players can unleash their creativity in Sandbox, a digital realm where three essential tokens—ASSETS, LAND, and SAND—empower them to innovate, engage, and manage their virtual experiences. Now, Phemex users have the privilege trade SAND similar to any other existing product available on the platform. On top of that, Phemex is rolling out a special Metaverse-themed edition of their well-loved Grab a Coin Campaign where users can join to win SAND.
The SAND Token Now on Phemex
With a healthy supply of 708 million tokens circulating, SAND is positioned to become a formidable force and a trendsetter within the Sandbox Marketplace. As Arthur Madrid, CEO and Co-founder of Sandbox, expressed,
“The integration of blockchain technology within the metaverse is designed to forge a unique digital asset landscape centered on ownership and governance. In Sandbox, both players and creators are at the forefront of value creation, leveraging a new economic framework where content forms the backbone of the platform.”
SAND experienced a historic peak prior to its Metaverse merge, reaching $0.857 in March 2021.
The allocation of SAND tokens involves 26% conserved by Pixowl in corporate reserves, 31% distributed among the founding team, 10% rewarded to advisors, 12% allocated for a Binance Launchpad Sale, and the remaining 4% invested in strategic sales efforts.
Another Hot Token Hits Phemex
While minor hiccups like Elon Musk's tweets and China's stance against bitcoin mining momentarily impacted the token, it swiftly regained its momentum.
Accessible on platforms like Kucoin, Crypto.com, Gemini, Uniswap, LCX, and others, SAND is already regarded as one of the most robust tokens available. Meanwhile, Sandbox shows no signs of slowing down with its active user base of 84,000 expected to soar.
The game, built on blockchain technology, aims to captivate both cryptocurrency enthusiasts and gaming aficionados by championing the player-owned NFTs concept and enabling in-game and cross-platform trading.
Joining the Metaverse
The virtual world of SAND has effortlessly intertwined with Mark Zuckerberg's dynamic Metaverse ecosystem.
However, Phemex intends to elevate this connection to greater heights, fueled by its strong belief in unfolding opportunities once the Metaverse, GameFi tokens, and similar innovations mature.
Sandbox’s SAND along with Decentraland’s MANA experienced a surge in value upon connecting with the Metaverse in November 2021, when Zuckerberg reintroduced Facebook as Meta.
This pivotal moment ignited the Metaverse in the public's eye.
SAND, in particular, skyrocketed remarkably from $1.55 to $6.79—a staggering 350% leap. The same month saw the Barbados Republic astonishingly announce the creation of a virtual embassy within the burgeoning digital arena.
Crypto enthusiasts, virtual property brokers, and even Wall Street pundits are buzzing with excitement over the new play-to-earn framework.
Morgan Stanley conveyed in their November analysis that the Metaverse “has the potential to redefine how we interact socially, attend concerts, engage with fashion labels, and engage in speculation over digital assets like NFTs or in-game skins.”
Another Great Addition by Phemex
As changes come at a rapid pace, foresight into potential developments offers a strategic edge to the insightful. Phemex's decisive embrace of this play-to-earn model reflects this insight, marking the inclusion of SAND as a pivotal move. At its core, the Metaverse will empower players and developers to push the limits of games and projects to unprecedented levels, something that naturally appeals to the innovative and imaginative. Phemex offers its clients .
