The Sandbox is an Ethereum-based metaverse game around virtual land and NFT collectibles on a 3D platform, totally decentralized and mixed with blockchain technology. SAND is the utility ERC-20 token of The Sandbox's virtual ecosystem. The SAND coin can be used for customizing avatars, buying virtual land in the Sandbox ecosystem, and purchasing equipment.
SAND is the native token of the Sandbox platform. It serves as a general means of payment on the Sandbox network and as an in-game currency. Sandbox aims to allow users to create their own virtual universe utilizing the $SAND, an ERC-20 token built on the Ethereum blockchain, and earn rewards from the actions they perform in this universe. There are some advantages below listed:
Sandbox supports Ethereum blockchain smart contracts and monetizes their gaming experiences in the Ethereum blockchain. Building on top of Ethereum, the Sandbox uses its secure and widely used blockchain.
For building your own Metaverse in the Sandbox, you should pay a little amount. In addition to $SAND, you will need $ETH to pay for the Ethereum blockchain gas fees (ie. transaction fees).
You can buy and sell $SAND on ICRYPEX Crypto Exchange:
You can safely trade SAND on ICRYPEX and call your personal Customer Representative 24/7 available for help, and benefit from ICRYPEX’s daily and weekly analysis.
The Sandbox was founded by Arthur Madrid and Sebastian Borget, Co-Founders of Pixowl, a technology company that produces blockchain-powered games.
Before blockchain integration, the Sandbox game was a mobile game allowing players to create their own virtual worlds since 2012. Sandbox managed to achieve early success, gaining up to 70 million users between 2012 and 2018, immediately after publishing on the Android and iOS platforms.
The team behind the project consists of specialists who have worked for large companies such as Facebook and Zynga, as well as entrepreneurs with successful backgrounds in start-ups.
The supply of SAND is limited to 3 billion. 920,948.319 SAND is currently in circulation. About a quarter of the total SAND supply is allocated to the company's reserves, while 31% is held for the company's founders and team members.