The SAND Token - Everything You Need to Know (2024)

SAND

SAND is the utility token used throughout The Sandbox ecosystem as the basis for transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain. There is a finite supply of 3,000,000,000 SAND.

Read Binance Research on $SAND

SAND is available on

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The Sandbox

The Sandbox is a virtual Metaverse built on the Ethereum blockchain, where players can build, own, and monetize their gaming experience

$SAND

The SAND token is an ERC-20 utility token that is used for value transfers as well as staking and governance.

Current products on The Sandbox platform include:

VoxEdit

Software to create voxel ASSETS, which can then become Non-Fungible Tokens (NFTs) and be imported to the Marketplace.

Marketplace

One place to sell and collect the best ASSETS.

Game Maker

A visual scripting toolbox that allows anyone to build 3D games for free.

Key metrics (as of January, 2022)

Ticket

SAND

Total Token Supply

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A Guide to The Sandbox Crypto • How to Buy, Is SAND a Good Investment?

3,000,000,000 SAND

Binance Launchpad Sale Price

0.008333 USD / SAND

Circulating Supply

~1,000,000,000 SAND

What is "The Sandbox" (SAND)

The Sandbox is a virtual metaverse where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token SAND. Players can create digital assets in the form of Non-Fungible Tokens (NFTs), upload them to the marketplace, and integrate them into games with Game Maker.

A LAND is a digital piece of real estate in The Sandbox metaverse that players can buy to build experiences on. Once a player owns a piece of LAND, they will be able to populate it with games and ASSETS. Multiple LANDS can be combined to form an ESTATE.

A total of 166,464 LANDS will be available, contained in a map that will form The Sandbox metaverse.

GEMS and CATALYSTS define the tier, scarcity, and attributes of ASSETS. CATALYSTS add empty sockets to the NFTs that can be filled with GEMS. The higher the quality of the CATALYST, the more sockets your ASSET will have.

Users can monetize their time on the platform, by keeping 95% of the SAND revenue by:

Selling ASSETS

Users can create and sell ASSETS on the marketplace as NFTs.

Owning a LAND

Buying a LAND in one of the LAND sales. Players can then rent them or populate them with content to increase the LAND's value.

Building Games on the Game Maker

Build and monetize games using the Game Maker on the LANDS that are owned by players.

Through the use of ERC-1776, The Sandbox allows platform users to initiate transactions on the Ethereum blockchain while transaction gas fees are paid by the platform, optimizing overall user experience.

50% of all SAND transactions collected from LAND sales, Premium NFT sales, transaction fees and subscription services goes to the Foundation

The Foundation supports the ecosystem of The Sandbox, contributing to the growth of awareness about NFTs, the Metaverse, and $SAND.

The Foundation is currently involved with

Managing the Game Makers Fund and Creators Fund, offering grants to incentivize high quality content and game production in The Sandbox.

Funding over 17 game projects, some of which have been unveiled to the public at https://www.sandbox.game/game/top

Distributing grants to 100 artists to produce NFTs, most of which can be seen at http://www.sandbox.game/shop

Supporting local community managers to grow awareness around the globe about The Sandbox, NFTs and blockchain gaming via our Community Rewards and Ambassadors program https://medium.com/sandbox-game/the-sandbox-ambassador-program-4f00bb5c9c24

Sponsoring prizes for the various contests organized by The Sandbox team (VoxEdit Contests and Game Jams) to stimulate the creativity of users around the world and get them to engage with the tools of our platform.

Supporting play-to-earn tournaments and cross-gaming with activities that encourage the broader adoption of SAND.

As a seasoned enthusiast and expert in blockchain-based virtual ecosystems, I can confidently delve into the intricacies of The Sandbox and its utility token, SAND. My knowledge extends beyond the surface, rooted in a comprehensive understanding of blockchain technology, Ethereum, ERC-20 tokens, and the dynamics of virtual metaverses.

Let's break down the key concepts mentioned in the article:

1. SAND (Utility Token):

   • SAND is the utility token powering transactions and interactions within The Sandbox ecosystem.
   • It is an ERC-20 utility token built on the Ethereum blockchain, showcasing a commitment to the widely adopted Ethereum standards.
   • The total supply of SAND is capped at 3,000,000,000 tokens, establishing a finite availability that adds to its value proposition.

2. The Sandbox (Virtual Metaverse):

   • The Sandbox is a virtual metaverse constructed on the Ethereum blockchain.
   • Players can actively participate by building, owning, and monetizing their gaming experiences using the platform's native utility token, SAND.

3. Current Products on The Sandbox Platform:

   • VoxEdit: A software enabling the creation of voxel ASSETS, which can be transformed into Non-Fungible Tokens (NFTs) and subsequently imported into the Marketplace.
   • Marketplace: A centralized hub for selling and collecting the best ASSETS created on the platform.
   • Game Maker: A visual scripting toolbox empowering users to build 3D games for free, enhancing the interactive potential of The Sandbox.

4. Key Metrics (As of January 2022):

   • Noteworthy metrics include the launchpad sale price on Binance at 0.008333 USD per SAND, a circulating supply of approximately 1,000,000,000 SAND, and a total token supply of 3,000,000,000 SAND.

5. The SAND Token's Functionality:

   • SAND serves multiple purposes, including value transfers, staking, and governance within The Sandbox ecosystem.

6. LAND, ASSETS, GEMS, and CATALYSTS:

   • LAND: Digital real estate in The Sandbox metaverse that players can buy to build and populate with games and ASSETS.
   • ASSETS: Digital creations that can be turned into NFTs and integrated into games using the Game Maker.
   • GEMS and CATALYSTS: Define the tier, scarcity, and attributes of ASSETS, with CATALYSTS adding sockets to NFTs that can be filled with GEMS.

7. Monetization Opportunities for Users:

   • Users can monetize their time on the platform by selling ASSETS as NFTs, owning LAND, and building games using the Game Maker.

8. Foundation and Community Support:

   • The Foundation receives 50% of SAND transactions, contributing to the growth of The Sandbox ecosystem.
   • The Foundation manages funds and grants, supporting game projects, artists, community managers, and sponsoring contests and tournaments to stimulate engagement and creativity.

9. Blockchain Optimization:

   • The use of ERC-1776 allows users to initiate transactions on the Ethereum blockchain, with transaction gas fees covered by the platform, enhancing the overall user experience.

In summary, The Sandbox is a dynamic virtual metaverse with a thriving ecosystem facilitated by the SAND utility token. It not only offers a platform for gaming but also emphasizes community support and creative expression, making it a comprehensive and innovative project within the blockchain space.