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The Sandbox is pleased to announce the listing of $SAND on the Kraken exchange. $SAND will be available on Kraken, Kraken Pro, and OTC services. The following trading pairs are available: SAND/USD, SAND/EUR, SAND/GBP, and SAND/BTC. The trading minimum is 10 SAND.
Deposit Starts: May 17, 2021
Trading Starts: May 20, 2021, 15:30 UTC
The Sandbox is building a unique virtual world where players can build, own, and monetize their gaming experiences using NFTs (non-fungible tokens) and $SAND, the main utility token of the platform serving as the basis of transactions and interactions, enabling players to play, own, govern, trade, and earn. $SAND is listed on over 60 global cryptocurrency exchanges, including 10 of the top 15 exchanges.
The Kraken listing is part of The Sandbox’s ongoing efforts to make the $SAND token easily accessible to the largest number of players around the world, who can then take part in our growing open metaverse of cross-gaming platforms. Investors can now trade $SAND on one of the world’s most secure and trusted exchanges and take advantage of its broad crypto product offerings and low fees. Kraken introduced three new assets this week: The Sandbox (SAND), Enjin (ENJ), and LivePeer (LPT).
Kraken, founded in 2011, has grown into a top-five global crypto exchange by being a first mover in offering popular crypto products for professional and novice traders alike. They include leveraged margin trading, futures, crypto indices, and OTC trading. The pioneering exchange has maintained low fees, versatile funding options, and crypto guides for those new to digital asset trading to fulfill its mandate of empowering traders.
Founded in 2011, Kraken Digital Asset Exchange is one of the world’s largest and oldest bitcoin exchanges with the widest selection of digital assets and national currencies. Based in San Francisco with offices around the world, Kraken’s trading platform is consistently rated the best and most secure digital asset exchange by independent news media. Trusted by hundreds of thousands of traders, institutions, and authorities, including Germany’s BaFin regulated Fidor Bank, Kraken is the first exchange to display its market data on the Bloomberg Terminal, pass a cryptographically verifiable proof-of-reserves audit, and one of the first to offer leveraged margin trading. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, and Money Partners Group. For more information, please visit Kraken.com.
The Sandbox is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. $SAND is the native token of our gaming platform, The Sandbox, an ERC-20 application token built on the Ethereum Blockchain which is used by gamers, content creators, and investors alike. $SAND is a fungible, divisible, and mutually replaceable token. The tokens listed on the ProBit exchange are all hom*ogenized tokens. The token powers the Metaverse of The Sandbox game.
Sure, this article touches upon several key concepts in the cryptocurrency and blockchain space. Let's break down the main ideas:
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$SAND Token Listing on Kraken Exchange: The announcement reveals that $SAND, the native utility token of The Sandbox gaming platform, is being listed on Kraken, a prominent cryptocurrency exchange. This indicates a significant step in expanding the accessibility and liquidity of $SAND for global traders.
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Trading Pairs and Minimums: The trading pairs available for $SAND on Kraken include SAND/USD, SAND/EUR, SAND/GBP, and SAND/BTC. The article also mentions a trading minimum of 10 SAND.
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The Sandbox Platform: It's described as a virtual world where players can create, own, and monetize gaming experiences using NFTs (non-fungible tokens) and $SAND tokens. The $SAND token acts as the primary utility within the platform, facilitating various transactions and interactions.
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The Importance of the Kraken Listing: The article emphasizes that this listing aligns with The Sandbox's goal of making $SAND easily accessible to a larger audience, enabling participation in their open metaverse across gaming platforms.
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Kraken Exchange Overview: Details about Kraken being established in 2011, its growth, services (leveraged margin trading, futures, crypto indices, OTC trading), low fees, and commitment to empowering traders.
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Kraken's Reputation and Partnerships: Mention of Kraken's recognition as a top-tier exchange, its security measures, partnerships with regulated entities like Germany's BaFin regulated Fidor Bank, and its market data availability on the Bloomberg Terminal.
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$SAND Token: The native ERC-20 token of The Sandbox platform, used by gamers, content creators, and investors. It's described as fungible, divisible, and mutually replaceable.
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The Sandbox Metaverse: The $SAND token powers the metaverse within The Sandbox game, showcasing its importance in the gaming ecosystem.
In essence, this article delves into the integration of $SAND tokens into Kraken, underlining the significance for both The Sandbox platform and cryptocurrency traders. It highlights the functionalities of both the token and the exchange, emphasizing accessibility, utility, and broader market participation within the gaming ecosystem.
