Straight from The Sandbox: SAND Is on Nexo!

Feb 22, 2022•4 min read

Guys, half the Nexo team has been nerding over GameFi ever since we started adding such tokens to the platform. In fact, the alleged "nerding" got so bad that we had no choice but to find the best-in-class assets and integrate them into Nexo's expert suite of services. One of these impressive assets was SAND by The Sandbox with its over 1000% growth in a single month. So without further ado, check out our services for SAND:

  • Buy: Purchase SAND on Nexo and receive it in your wallet straightaway. Earn up to 0.5% in crypto rewards on each purchase and exchange transaction you make.*
  • Exchange: Convert to and from SAND on the Nexo Exchange with a few quick swipes.
  • Boost: Use our Booster and get 3x the buying power of your SAND to buy more of it or another crypto!
  • Borrow: Borrow directly against SAND at rates starting from 0% APR.
  • Top Up: Move SAND from any external wallet to Nexo with #ZeroFees.

*The crypto rewards you receive depend on your Loyalty tier. The higher your tier, the more rewards you get. For example, Platinum users get 0.5% back.

Not Your Typical Sandbox & All the More Fun

SAND is definitely one of the more promising cryptocurrencies, judging by its market performance so far. The team behind The Sandbox has put in years of work to date to deliver a complete, functional virtual-world gaming ecosystem. The SAND token itself has gone from around $0.80 to over $3 at the time of writing with an all-time high of more than $8 in November 2021, frequently hovering around the top 40 spots in terms of market capitalization.

The project has already attracted support from some of the most renowned global brands - Adidas, Atari and Ubisoft have all invested in The Sandbox; even Snoop Dogg bought a digital, in-game mansion. The game is also home to the third largest NFT marketplace with over $422 in transaction volume. Our guess on how things develop from here is as good as yours, but the future looks bright for The Sandbox, surely?

Buy SAND on Nexo

One of the biggest advantages of SAND as a cryptocurrency is that it powers an already operational platform with a growing user base, strengthening the case for decentralized gaming applications. Nexo allows you to tap in this market with ease! Add SAND to your Nexo account with a few clicks, get SAND with your Visa/Mastercard debit and credit cards, or head over to the Nexo Exchange and swap cryptocurrencies for SAND instantly. The Nexo Booster is also available for SAND, should you decide to acquire it in larger amounts.

The currently available pairs are for SAND are:

SAND/BTC SAND/ETH SAND/USDT SAND/USDC SAND/EURx SAND/USDx SAND/GBPx

Get the Most Out of Your SAND

Nexo’s Instant Crypto Credit Lines™ are available for your SAND holdings – borrow cash or stablecoins against SAND, without selling it. View the details on a standard Nexo credit line below:

  • Interest rates starting from 0% when borrowing with an LTV of under 20%. Can a bank beat that?
  • A permitted LTV of 30% for SAND
  • A minimum borrowing amount of just $50
  • No credit checks
  • No monthly repayments
  • No origination fees
  • Instantly settles in your account – from application to approval in seconds

For more information on Nexo’s Loyalty tiers and Instant Crypto Credit Line interest rates click here and see how you can make the most of your SAND. If you’re a Gold or Platinum client, borrowing at an LTV under 20%, you qualify for our low-cost and 0% rates - read all about them here.

SAND Booster! Use the Nexo Booster and buy more SAND with leverage! Boost any asset of your choice to get up to 3x leverage on SAND or another cryptocurrency you want!

Nexo is always looking to enhance our product suite with exciting new features and cryptocurrencies, giving our clients the liberty to explore and transact with new digital assets. Visit us regularly for more exciting additions!

About Sandbox

The Sandbox is a virtual-world game, utilizing a blockchain-based, play-to-earn model to create a growing ecosystem of users. Players are able to create, buy, sell, and rent digital assets and property within the game by purchasing the game’s native cryptocurrency. Sandbox, the team behind SAND aims to integrate blockchain technology in mainstream gaming and turn players into content creators. SAND itself is an ERC-20 token on the underlying Ethereum blockchain and has received not only substantial support and recognition from major investors, but has also grown rapidly in recent months, gaining 1000% in value in a year.