What is Sandbox (SAND)?

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What is Sandbox (SAND)?

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What is SandBox (SAND)?

Sand is the native token of the popular Ethereum-based decentralized virtual gaming world ‘The Sandbox’.

Sandbox is one of the top leading metaverses that is leading the development of decentralized web3 gaming.

In Sandbox’s virtual world, 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 through their VoxEdit, develop In-game Experiences through The Sandbox Game Maker and Buy and Sell assets and upload them to the custom Marketplace.

Interestingly the first version of The Sandbox was released as a mobile game in early 2012 as a collaboration between Pixowl (led by Sébastian Borget and Arthur Madrid) and game developer onimatrix.

However, in 2018, the game developer Animoca acquired Pixowl and the company announced its intentions to create a 3D sandbox-style world by leveraging blockchain technology to take advantage of user-generated content (UGC) and token economics.

While playing the game, users can be divided into 4 main categories:

  • Players
  • Creators
  • Curators
  • Landowners

Furthermore, the game has multiple types of tokens in addition to SAND.

Key Features of SAND:

  • SAND is an ERC-20 token that will be used all across The Sandbox metaverse.
  • It is used to facilitate various transactions and creations that are part of its gameplay.
  • It is used to buy the valuable LAND NFTS and user-generated ASSETS Tokens.
  • Additionally, SAND also carries a governance utility through a staking mechanism.

SAND Utilities

  • Medium of exchange: As the native currency of the platform, the main utility of the token is to allow players to do transactions throughout their games. They can earn SAND tokens through gameplay and use their earned SANDs for buying equipment or customized Avatar characters. SAND also helps Creators to acquire ASSETs and LANDs. additionally, Artists need SAND to be able to upload their ASSETs. They can also buy GEMs with their SANDs to boost the rarity of their ASSETs.
  • Governance: SAND allows holders to participate in governance decisions. SAND owners can vote themselves or delegate voting rights to other players of their choice.
  • Staking: Through staking SAND, users will be able to earn GEMs, CATALYSTs, and rewards.

Where can you buy SanBox (SAND)?

You can trade SandBox (SAND) on most cryptocurrency exchanges, including DIFX. On DIFX, SAND is available as an SAND/USDT pair for users to trade on.

Sign up for a DIFX account today and start trading!