NEW DELHI (CoinChapter.com) — The Sandbox (SAND) announced new competitions, reward pools, and a new X handle for its South East Asia users as part of its New Year campaign.
After a tumultuous year that saw the US Securities and Exchange Council (SEC) label SAND as an unregistered security, The Sandbox plans to continue engaging users in 2024. However, there is no year-long roadmap as of now, according to The Sandbox Discord community members.
A community member, Caetana, told CoinChapter that the news appears from time to time through various social media channels.
“There is no plan for the whole year“
Caetana said
CoinChapter contacted The Sandbox for comments but is yet to receive an answer.
The Sandbox Amps Up Community Engagement
On Jan. 4, the Metaverse gaming platform announced another ‘Game Jam‘ for its users in 2024. The Sandbox partnered with Dr. Bomkus to launch the competition, which has a 100,000 SAND tokens award pool. Other rewards include LAND, Catalysts, and publishing opportunities.
Moreover, The Sandbox has collaborated with other games to launch rewards and giveaways, helping the platform increase its user engagement.
The gaming platform announced a reward pool called ‘Season’s Greetings‘ for its users on Jan. 4. Users would be able to claim rewards from a 600,000 SAND tokens pool,with 100,000 tokens open to all users. There is also a 200,000 SAND token pool exclusively for Avatar owners.
The Sandbox has reserved 300,000 tokens as a reward pool for its LAND NFT holders.
However, one user claimed discrepancies in The Sandbox’s rankings system, alleging the platform manipulated gamers’ rankings.
In addition, the Web3 gaming platform announced a new X handle, ‘The Sandbox SEA’ for its South East Asia users. Interestingly, the move could be a result of the SEC action, with The Sandbox likely focussing on outside-the-US markets for growth.
Back in Dec. 2023, The Sandbox had released version 0.9 of its ‘Game Maker‘ platform. The tool allows users to easily design, test, and share experiences like games in The Sandbox. Additionally, the platform also launched a 100 million SAND Game Maker fund to attract developers and expand its ecosystem.
SAND Price Fails To Recover From Recent Flash Crash
Meanwhile, SAND price failed to recover from the Jan. 3’s Bitcoin (BTC)-led flash crash, which saw the token shed nearly 12% from its price label. Bears negated Jan. 4’s slight recovery, forcing the token to plunge 8% to a daily low near $0.5 on Jan. 5.
Bulls are defending the 50-day EMA (purple wave) trendline. If price breaks below the EMA trendline, SAND price might drop to the support near $0.48. Breaching the immediate support could force the token to test the support near $0.43 before recovering.
Conversely, a recovery rally could face resistance near $0.55. However, breaking and consolidating above the immediate resistance might help SAND price rally $0.59 before correcting.
The RSI for SAND remained neutral, with a score of 43.73 on the daily charts.
