- Blockchain: Ethereum
- Game(s): The Sandbox
- Whitepaper:
$SAND is a cryptocurrency used in The Sandbox, a fully decentralized and community-driven metaverse game. It is used as a means of exchange, allowing users of The Sandbox to purchase and sell land, goods and services from and to one another in the metaverse, and as a governance token, granting owners the right to participate in governance decisions through voting. It is a fungible, Ethereum-based, ERC-1155 utility token limited to a total original supply of 3,000,000,000.
The price of this token is subject to high volatility.
What are $SAND tokens used for?
- Purchasing Land and Assets: Acquire virtual land and assets within The Sandbox metaverse.
- Staking: Owners can stake SAND in order to earn rewards.
- Governance: SAND owners can participate in governance decisions through voting.
- Fee Payments: SAND is used to pay for transaction fees within the ecosystem.
- Reward Mechanisms: SAND tokens are distributed to users as in-game rewards, for playing and completing select games and tasks.
- Paid Game Access: SAND can be used to access paid games in the metaverse.
How to acquire $SAND tokens?
- Play-to-Earn: Users may earn SAND by completing tasks, challenges, or playing games within the metaverse (+ info).
- Community Events: some Events and Seasons in The Sandbox include opportunities to earn and win rewards, such as NFTs and SAND. Event may be free to enter or require that you own certain NFTs to play.
- Staking: Earn rewards by staking SAND in the ecosystem.
- Creating & Selling Assets: Users can create digital assets (VoxEdit creations) and sell them in the marketplace.
- Creating & Selling Games: Users may be able to monetize the games (or experiences) they create using the built-in Game Maker.
- Land Ownership: Earn passive income by renting out LAND to other players or creators.
- Cryptocurrency Exchange: $SAND can be purchased on a cryptocurrency exchange, and imported into the game’s ecosystem using a player’s crypto wallet.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned but may never be implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes and within your usual gaming budget.