The Sandbox

What is the token?

• SAND is an ERC-20 utility token.

• It is used in The Sandbox ecosystem, a virtual metaverse on the Ethereum blockchain.

• Players use SAND for transactions, staking, and governance.

• It enables players to create, own, and earn from gaming experiences and digital assets as NFTs.

Tokenomics

• The max supply is 3 billion SAND tokens.

• Initial distribution: 12% Binance Launchpad Sale, 17.18% Seed Sale, 4% Strategic Sale, 12% Foundation, 19% Team, 10% Advisors, 25.82% Company Reserve.

• Full vesting is expected by February 2025.

Market Data

As of today #{today’s date}, the price of The Sandbox is ₹30.40 INR or 0.3287 USD, with a 24-hour trading volume of 49466024.06 USD. The market capitalisation for The Sandbox is 750134875.74USD. The circulating supply is 2284231926.22 The Sandbox, with the total supply also being 3000000000 The Sandbox.

Pros:

• SAND offers a combination of gaming, NFTs, and metaverse experiences.

• Strong partnerships with brands like Atari and celebrities like Snoop Dogg.

• Users can monetise their time and creations on the platform.

Cons:

• Faces stiff competition from other metaverse platforms and traditional gaming companies.

• Limited graphics capabilities due to blockchain technology constraints.

• The majority of the token value is controlled by The Sandbox or early investors, which could affect the token’s value.

Why should you invest in the coin?

• SAND is appealing due to its metaverse and gaming industry position, partnerships, and monetisation potential.

USP of the coin

• SAND's USP is its decentralised gaming platform, user-generated content, and NFT-based asset ownership, enabling a create-to-earn model.

Problem the coin is solving

• The Sandbox addresses centralised control in gaming by offering a decentralised platform for true asset ownership and player participation in governance.

Founder and team background

• Founded by Arthur Madrid (CEO) and Sébastien Borget (COO), with extensive experience in gaming and blockchain.

ICO Price

• Public sale price was $0.008333 on 13th August 2020.

Risks Associated in Investing in the Coin

• Includes market volatility, regulatory changes, technological challenges, competition, and potential token value impact from unlocks and sales.

Whitepaper Insights

The Sandbox whitepaper outlines the vision of a decentralised, community-driven virtual world where players can create, own, and monetise their gaming experiences on the Ethereum blockchain using the SAND utility token. The platform is designed to promote a “play-to-earn” model, empowering users to be both creators and gamers.

The Sandbox ecosystem comprises several components, including VoxEdit for creating 3D objects, a Marketplace for trading assets, and Game Maker for building interactive experiences. LAND tokens represent digital real estate within the metaverse, and users can combine multiple LANDs to form Estates.

SAND serves as the primary currency for transactions and interactions within The Sandbox. It is used to access the platform, play games, buy equipment, and customise avatars. SAND also has governance functions, allowing token holders to participate in decision-making processes for the platform’s development.

The whitepaper details the tokenomics of SAND, with a total supply of 3 billion tokens and a distribution strategy that includes allocations for the team, advisors, foundation, company reserve, and public sales. The document also discusses the initial exchange offering and project financing, emphasising the importance of a sustainable economic model.

The Sandbox leverages blockchain technology to ensure transparency and security within the ecosystem. It employs meta-transactions to optimise user experience by covering gas fees, and it introduces a staking mechanism to reward active participants.

The whitepaper highlights the platform’s commitment to fostering a vibrant community of players, creators, and developers. It outlines plans for future technology integrations, interoperability with other blockchain systems, and developing a decentralised governance structure.