11/03/2023
▪︎Dear valued WHB investors,
▪︎We would like to provide you with an update on the status of our project, which we launched a year and a half ago. We appreciate your strong support during these challenging times in the crypto market.
▪︎As you may know, we experienced a significant setback due to the recent economic crisis, which impacted both the financial markets and our team. After careful consideration, last year we decided to pause all WHB transactions to keep all of your investments locked and safe until we could reassess our next steps. During this time, we have been focused on developing our products and preparing for the launch of a new token.
▪︎We feel fortunate that our project has not suffered as severely from the market drop as some well-known projects. Nearly 90% of crypto investors have experienced losses on their investments due to significant price drops, with some projects experiencing up to a 99% loss. For instance, Terra (LUNA) has dropped by -99.99%, FTX Token (FTT) by -98%, Solana (SOL) by -93.35%, Axie Infinity (AXS) by -93%, and many other projects have also been affected. Investing in those projects could have resulted in much larger losses for you. That's why we are grateful for your decision to invest in our project, and we are committed to doing everything we can to recover your losses and even generate a profit because that has always been our top priority, and we believe that you deserve it.
▪︎We are pleased to inform you that the liquidity of our project, which was locked for a year to ensure your safety, has now been unlocked. However, we were concerned about our liquidity being in BNBs, as there is limited potential for growth compared to some other cryptocurrencies that have the potential to offer a better return on investment. After conducting extensive research and analysis, we have decided to reinvest and swap the remaining liquidity into a project with significant potential for growth and returns. Given that the future plans of our project are focused on the Metaverse, we believe that Sandbox (SAND) is the ideal choice for us.
▪︎Sandbox is a groundbreaking project with a promising future. It is a blockchain-based focused on Metaverse and virtual gaming world where players can create, build, and monetize their gaming experiences using non-fungible tokens (NFTs). It's built on the Ethereum blockchain and has its own cryptocurrency called SAND.
▪︎Some of Sandbox's top partners include:
- Binance: One of the largest cryptocurrency exchanges in the world.
- Square Enix: A leading Japanese video game developer and publisher, known for popular game franchises like Final Fantasy and Dragon Quest.
- Atari: A well-known video game company that pioneered the home console industry with the release of the Atari 2600 in the 1970s.
- Animoca Brands: A leading blockchain gaming company that has produced a number of successful games and apps.
▪︎In addition to these partners, Sandbox has also announced partnerships with several other well-known names in the industry. Most recently, in February of this year, Sandbox announced a partnership with the government of Saudi Arabia to develop immersive virtual experiences showcasing NEOM CITY, a futuristic $500 billion city being built in the northwest of Saudi Arabia. The partnership aims to leverage the power of blockchain technology and the Metaverse to create new economic opportunities and attract investment to the region as part of Saudi Arabia's Vision 2030 plan to diversify its economy and reduce its dependence on oil. Sandbox is working closely with the NEOM project team to develop virtual experiences that can be accessed by people all over the world.
▪︎We firmly believe that Sandbox is the best option for storing our project's liquidity value and providing a better ROI for your investments in the current situation. We understand that the past year has been challenging for all of us, and we are sorry for any losses you may have incurred. However, we want to assure you that we are committed to the recovery and growth of our project.
▪︎We have calculated all the investments in our project and the remaining BNBs in the locked liquidity pool, which was held for almost a year for your safety. Our conclusion is that we can recover every single dollar that was lost due to the market drop if Sandbox's SAND reaches at least $3.83! We believe that this is achievable since SAND's all-time high was $9!
▪︎We are excited to continue building our team and progressing with our project while your investments are in a much more promising place, and we are optimistic about the potential for recovery! We appreciate your continued support and patience during these challenging times and we are committed to the recovery and growth of our project and look forward to celebrating our successes and profits in the years to come.
▪︎Thank you for being a part of the WHB community. Please feel free to reach out to us at any time if you have questions or require additional information. We will keep you updated on our progress.
Best regards,
WHB Team
