The sandbox (SAND) is the Ethereum token that powers The Sandbox, a multiplayer metaverse that allows players to build, earn and participate in blockchain gaming experiences. Three-dimensional NFTs can be created at will and used in their own ecosystem, with SAND tokens being the currency used to buy and sell NFTs and other in-game items, and to vote on the future of the platform.
Essential details:
- SAND is an ERC-20 token on the Ethereum blockchain and acts as the medium currency within the Sandbox platform, a platform for the online gaming community that enable the creation of assets, characters and numerous other features through the utilization of a Decentralized Autonomous Organization (DAO).
- Users can use their SAND tokens to purchase ASSETS and LAND tokens on the marketplace.
- SAND token holders can help propose policy changes to the platform’s developers through the usage of the DAO.
- An asset reserve used to incentivize artists and creators with potential for sustainable development on the platform.
- Maximum supply of 1,500,00,000 SAND
Whitepaper: https://installers.sandbox.game/The_Sandbox_Whitepaper_2020.pdf