Coincheck is now the first Japanese crypto exchange to list The Sandbox’s SAND tokens. The announcement came as part of The Sandbox’s efforts to expand its global footprint. What do we know so far about the token listing then? Let’s dive into the details.
What do we know about the SAND listing on Coincheck?
With the SAND listing, all Coincheck users will be able to trade SAND against JPY and BTC on the platform starting from today. In order to commemorate this occasion, Coincheck has launched a special campaign for its customers too. The first 10 customers who purchase a total of 50,000 Yen or more of SAND will stand a chance to win 100,000 Yen as a reward. If you’re a Coincheck user, you will not want to miss this event!
The Sandbox is ready to widen its global reach
Given that Coincheck is one of the largest crypto exchanges in Japan, the SAND listing will certainly help boost The Sandbox’s presence in the 3rd largest gaming market in the world. As of writing, Coincheck has more than 1.6 million verified accounts on the platform. That’s a whole lot of untapped market share for The Sandbox.
But to be clear, the SAND listing is not the only Coincheck collaboration with The Sandbox. Back in February this year, the platform bought a large number of LAND in The Sandbox. The company later offered these land NFTs to Japanese gamers through its Coincheck NFT marketplace.
On that note, Japan has always been a leading country in the metaverse concept. So, it’s not surprising at all to see other Japanese firms entering popular metaverse platforms like The Sandbox. Early this year, a Japanese shopping center Shibuya109 landed in the world of The Sandbox too. With Alpha Season 3 coming soon, we can’t wait to see more exciting announcements coming from the giant metaverse!