Pros
- Utility token that incentives players to act in-game
Cons
- Is not a deflationary token
The Sandbox (SAND) shortly
The Sandbox is a 2011 launched game that has elevated itself into the metaverse. Today the SAND token is the native currency for the Sandbox environment and can be used to purchase services. Players can trade SAND coins for Lands, Assets, and Gems or use SAND to play games or create games and assets. Finally, SAND acts as the governance token for the game, and players can vote stake curate collections utilizing the SAND token.
Tokenomics
- SAND is an ERC-20 token that is used to power all of the ecosystem’s transactions and interactions
- Ethereum based token
- Seed Sale (17.18%) equivalent to 515,277,777 tokens in 2019.
- Strategic Sale (4%) is up to 120,000,000 tokens.
- Launchpad Sale (12%) = 360,000,000 tokens. This was the public sale of the token through the initial exchange offering (IEO).
- Foundation (12%) = 360,000,000 tokens. The aspect of the Foundation is to support the ecosystem of The Sandbox, offering grants to incentivize high-quality content & game production on the platform.
- Company Reserve (25.82%) = 774,722,223 tokens.
- Founders & Team (19%) = 570,000,000 tokens.
Review of The Sandbox (SAND) token
We are currently working on full review of SAND and this page will be updated in the near future!
Summary
The goal what The Sandbox (SAND) token aims to achieve is that players can create and build their own gaming experience and monetize it simultaneously.
