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Explained: The Sandbox SAND Token

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DappRadar

Learn about the SAND token

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using SAND, the platform’s utility token. Players can create digital assets as NFTs, upload them to the marketplace, sell and buy them, and then drag-and-drop them to create game experiences with The Sandbox Game Maker. 

The Sandbox has secured over 50 partnerships including Atari, CryptoKitties, and Shaun the Sheep to build a fun, creative “play-to-earn” gaming platform, owned and made by players. The Sandbox aims to bring blockchain into mainstream gaming, attracting both crypto and non-crypto game enthusiasts by offering the advantages of true-ownership, digital scarcity, monetization capabilities, and interoperability.

In the first ten weeks of 2021, the price of SAND has increased 1233% from $0.03 to $0.40.

The SAND token offering took place in August 2020. The total offering sold in seven days on the Binance Launchpad. Holders of the SAND ERC-20 token use it for all transactions within the ecosystem and to participate in the platform’s governance. 

You can also earn SAND by staking the SAND/ETH liquidity pool from Uniswap through their liquidity mining program. Liquidity providers can earn a share of 1,500,000 SAND in monthly rewards. Additionally, LAND holders receive a yield multiplier. This has enabled SAND to enter in DeFi space by combining NFT and staking incentives. Holders of LAND and SAND can use their tokens to build and play in gaming lands when the first public alpha version of The Sandbox launches soon.

The top exchanges for trading in The Sandbox are currently Binance, Huobi Global, CoinTiger, VCC Exchange, and Upbit, and below are the top 5 trading pairs for SAND.

Source: CoinMarketCap

The Sandbox aims to bring blockchain into mainstream gaming, attracting both crypto and non-crypto game enthusiasts by offering the advantages of true-ownership, digital scarcity, monetization capabilities, and interoperability.

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