Loan

The Sandbox

Loan

The Sandbox loans.
Borrow against SAND.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

Wallet for Android

Wallet in Telegram

Wallet in browser

What is The Sandbox?

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences using non-fungible tokens(NFTs) and $SAND, the platform’s utility token. Players can create digital assets in the form of NFTs, upload them to the marketplace, and integrate into games with The Sandbox Game Maker. The Sandbox virtual world is made up of LAND – digital pieces of real estate – in The Sandbox metaverse that players can buy to build experiences on top of.

How do loans backed by SAND works

Crypto loans provide an easy solution for both borrowers and lenders. Borrowers can secure loans in USDT by putting up their cryptocurrencies as collateral, enabling them to retain ownership of their digital assets. This process bypasses the need for credit checks and extensive paperwork, making it quicker and more cost-effective.

Lenders can invest their cryptocurrencies, such as The Sandbox (SAND), into a special account on the Beast platform. A custodian manages the interactions, ensuring that the lending process is secure. Acting as a reliable intermediary, they protect the interests of both borrowers and lenders.

Borrowers gain by accessing funds without needing to liquidate their cryptocurrencies. This is particularly advantageous during market shifts, helping them to avoid possible losses. The lending model streamlines the loan process and eliminates credit check requirements.

Lenders benefit by earning interest on their lent funds through repayments. This means they can make a profit from their cryptocurrency holdings. It’s a mutually beneficial arrangement, with borrowers securing loans and lenders reaping rewards for their involvement.

The Beast platform facilitates the connections between borrowers and lenders. Additionally, blockchain technology guarantees secure transactions without the need for middlemen, minimizing the risk of fraud and establishing a safe lending atmosphere.

The Sandbox Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

Borrow crypto

Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Beast platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on The Sandbox? Borrow usd against The Sandbox on Beast

The process of getting an The Sandbox cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers The Sandbox cryptocurrency lending services. Then, you need to provide your SAND as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that The Sandbox cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on The Sandbox? Borrow usd against The Sandbox on Beast

To authorize an The Sandbox Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about SAND Crypto Loans

The Sandbox lending

The Sandbox lending has rapidly gained traction among cryptocurrency investors seeking financial resources. Through loans secured by The Sandbox, users can leverage their holdings to gain immediate liquidity, allowing them to retain ownership of their assets. These SAND loans are anchored by the worth of the borrower's The Sandbox, fostering a safe lending atmosphere. Now, obtaining a SAND loan is straightforward, enabling borrowers to utilize the funds for a range of activities such as investing, settling bills, or launching a venture. This groundbreaking approach to SAND lending has unlocked fresh avenues for people to maximize their The Sandbox investments and secure essential funding.

SAND as a collateral

The Sandbox, also known as SAND, has emerged as a favored option for crypto-secured loans. Utilizing The Sandbox lending services, individuals can either secure loans using their SAND or lend it out to earn interest. These loans let people leverage their SAND assets for immediate cash without the need to sell them. Borrowers can also obtain USD against their SAND, enhancing their liquidity and options. So, how exactly do The Sandbox loans operate? Users pledge their SAND as collateral, and, based on its worth, they can access funding. These fast crypto loans offer a practical solution for those needing quick cash while keeping their investments in The Sandbox intact.

Interest rates for loans secured by The Sandbox.

At Beast, we recognize how crucial it is to have competitive interest rates. This is why we provide loans backed by cryptocurrency at an enticing rate of 9%. Whether for personal use or business needs, our affordable loans offer a practical way to access liquidity without needing to sell your valuable cryptocurrencies.

One standout aspect of Beast's crypto loans is the process of collateralization. Should a borrower default on the loan, the collateral, which is SAND, stays with Beast, while the borrower retains the Tether USDT granted to them. This creates a fair and equitable method for loan recovery that benefits both parties involved.

To mitigate the risks arising from the potential drop in The Sandbox value, Beast implements an automatic liquidation process. If the worth of the collateral dips below a certain level, the loan will be liquidated. This proactive strategy safeguards both the lender and the borrower from possible financial losses during a market decline.

At Beast, we prioritize transparency and ease. Our clients can effortlessly track their loan status through our user-friendly platform. Additionally, borrowers have the option to increase their collateral, repay their loans early, or fully settle their loans by covering the borrowed sum along with any accrued interest.

If you’re interested in obtaining a loan with cryptocurrency, Beast offers immediate coin loans. You can secure funds against The Sandbox and receive Tether USDT in return. Our crypto-backed loans present a swift and accessible remedy for your financial requirements.

Borrow crypto

Why choose The Sandbox Beast Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Beast The Sandbox Crypto Loan?

Beast The Sandbox Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Beast, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Beast The Sandbox Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Beast The Sandbox Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Beast will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Beast provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Beast Crypto Loan?

Beast Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Beast The Sandbox Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Beast as security for the repayment of your loan.

Can't find the answer to your question? Visit our support center