Sandbox (SAND) Launching at LCX Exchange

de LCX Team · April 9, 2021 · Updated February 6, 2023

We are excited to announce support for the famous blockchain powered virtual work – The Sandbox and it’s cryptocurrency $SAND.

The Sandbox is a user-generated gaming platform where creators can create assets and gaming experiences to monetize them on the Ethereum blockchain. Imagine Minecraft ft. Roblox on the blockchain.

$SAND launching at LCX Exchange

The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

Their vision is to offer a metaverse where virtual worlds and games will be created collaboratively without central authority.

Because game items are tokenized as Non-Fungible Tokens (NFTs), players can transfer their assets from one game to another, retaining digital scarcity, security, and authenticity. This enables gamers to receive significant benefits for their creations and achievements.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

Customers can sign up for a LCX account here
and deposit SAND tokens by tomorrow.

Deposits:

Starting by tomorrow Saturday, April 10th 2021 at 13:00 pm CET, customers will be able to transfer SAND tokens into their LCX account. Customers will be able to transfer this to their LCX Exchange wallet or place orders as trading when trading starts.

Trading Pairs:

SAND / LCX starting on Monday, April 12th at 13:00 pm CET

SAND / USDC starting on Tuesday, April 13th at 13:00 pm CET

How to deposit?

Navigate to LCX Accounts > Wallet
Scroll down to SAND
Click “Deposit” next to SAND and view your deposit address
Send SAND to this address

SAND deposit processing times

30 confirmations are required before deposits will be visible in your wallets. This will take approximately 6 minutes.

Important Note: Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.

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