Token

The Sandbox

Optimism

Gods Unchained

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 The next batch of token unlocks for The Sandbox is on Feb. 14, 2024, and will unfreeze over 200 million SAND for its team, company reserve and advisors. 
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 Metaverse platform The Sandbox (SAND) has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock.&nbsp; 
 On Aug. 14, The Sandbox proceeded with its scheduled <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> for over 300 million <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s. According to the vesting schedule tracker Token Unlocks, The Sandbox <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ed 71 million for its team, 37.5 million for its advisors, 96.8 million for its company reserve, 24 million for its strategic sale buyers and almost 103 million <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s for its seed sale participants. Each of these holders are now able to trade their <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s into the open market. 
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 <img src="https://cdn.thebittimes.com/images/2023/08/14/f77c59f66f6e046eec5d248d2030a130.webp"> 
 <figcaption style="text-align: center;"> Unlock progress for The Sandbox token. Source: Token Unlocks 
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 A <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> is normally very bearish for digital asset prices, as it unfreezes liquidity and injects it into the open market. The SAND <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> has been on a bearish trend since 30 days ahead of the <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>.&nbsp; 
 On July 15, the token hovered around $0.45. The price then dropped to $0.39 at the time of writing. Currently, SAND’s 24-hour trading volume sits at $106 million according to coin information website CoinGecko. 
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 <img src="https://cdn.thebittimes.com/images/2023/08/14/85f742b96a9c2db84f5c1853e85e8fb6.webp"> 
 <figcaption style="text-align: center;"> 30-day price chart for The Sandbox token. Source: CoinGecko 
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 The schedule for the next batch of <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>s for SAND <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s is on Feb. 14, 2024. By that time, around 205 million <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s will be unfrozen and allocated to its team, company reserve and advisors.&nbsp; 
 Related: Wintermute moves over $4M of Optimism tokens to Binance ahead of OP unlock 
 Meanwhile, The Sandbox has consistently been onboarding various players into the metaverse. On July 28, the company partnered with the British Museum in an effort to make artifacts within the museum's collection more accessible to the public. The partnership allows The Sandbox players to learn about history, art and culture through the museum. 
 Magazine: Web3 Gamer: Zuckerberg’s metaverse losses, NFT game on Discord, Gods Unchained hot take 
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Metaverse project The Sandbox unlocks $133M worth of tokens

TheBitTimes

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