Exchange The Sandbox (SAND)

Sandbox is a community-driven Ethereum-based platform where users are allowed to create a virtual world, play there, govern it and even monetize their experience. It is a virtual metaverse, where user-created voxel game assets can also become NFTs. The user needs to create voxel assets that later can become NFTs. The metaverse also includes the gamemaker represented as a visual scripting tool board, allowing anyone to build 3D games for free. 

The project was launched back in 2011 by Pixowl and combines the powers of a decentralized autonomous organization (DAO) and NFTs providing a unique gaming experience. According to the Whitepaper, the goal of the project is to introduce blockchain technology to a wider audience. The developers work on the play-to-earn concept allowing players to be also the game creators. 

The creators see the gaming market as still untapped for the blockchain. Sandbox took a lead in exploring and conquering this market with an intention to revolutionize it. So the game focuses on the user-created content. The game has a limited amount of LANDS (166 000), the blocks Metaverse is built on, which allow it to create and play. 

By allowing the players to create the content, Sandbox creates a community of involved players contributing to the platform’s development. 

Sand is an ERC-20 utility token powering the platform. It’s used for transactions and any other basic interactions. Holding SAND gives the users access to the building, owning, and monetizing the gaming experience on the Ethereum network. The access to governance allows players to decide the future of the project and suggest their own ideas, concepts, and views. 

The total supply of Sand tokens is 3 billion coins, circulating supply is 705 million tokens. Out of the total supply, 25.82% is allocated to the company reserve, 17.18% was sent to the seed sale and 12% to the Binance Launchpad Sale, and 10% is distributed to project advisors. The game has attracted interest from pioneers in the crypto gaming industry, such as Crypto Kitties, Atari, and Helix.