What is Sandbox (SAND)

SAND (SAND/USDT – Trade it here) is the main utility token of the Sandbox platform. The Sandbox team is building a unique virtual world where players can build, own, and monetize their gaming experiences using SAND. At its core, The Sandbox is an ecosystem for Players and Creators, consisting of three main components: a Voxel Editor (named “VoxEdit”), a Marketplace, and the Game itself. This article will help you to get full understanding of what is Sandbox token and how to buy SAND or earn it via MEXC.

What is Sandbox (SAND)
What is Sandbox (SAND)

SAND Core Features

The creation of a decentralized blockchain based gaming platform provides multiple benefits when compared to current, non-blockchain systems, including:

  • True Ownership – assets stored in player wallets through tokenization of UGC; user retention of copyright in perpetuity; ownership not tied to a game; and creative authorship is immutable.
  • Secure – Less fraud possibility thanks to blockchain’s record keeping technology.
  • Fair Revenue Share

Creators will receive 100% of the selling price they set for their creations; and multiple creators can automatically share payments and revenue.

  • Decentralized Trading

Blockchain allows assets to be shared between users for collaboration; and peer-to-peer trading.

The utilization of NFTs in the Sandbox is very important to the ecosystem. With NFTs, the Sandbox managed to provide an ecosystem that provides users with:

  • True digital ownership: Gamers are the true and perpetual owners of their digital items, even if the game was shut down or abandoned. With blockchain, every game item can be tokenized, allowing gamers to decide how they want to trade, sell, or gift their items.
  • Security and immutability Digital game items can be easily tokenized and traded in primary and secondary markets that are managed and facilitated by blockchain technology. Items based on scarcity and demand usually invite fraud and theft, but these risks are minimized on blockchain because it is a distributed ledger.
  • Trading: Blockchain-based gaming platforms can provide users with ultimate control over their digital assets. They can buy and sell items freely without concern that they will be ripped off or that a platform will close and cancel all the value of their in-game items.
  • Cross-Application Interoperability: Blockchain provides capacity for games to utilize shared assets. ASSETS, avatars, LANDS and any other game elements can be used in other games that allow it. These game items are no longer confined by a narrow digital ecosystem.

SAND Ecosystem

The Sandbox gaming ecosystem consists of three integrated products that together provide a comprehensive experience for user-generated content (UGC) content production.

  • VoxEdit: This simple to use yet powerful free 3D voxel modeling package allows users to create and animate 3D objects such as people, animals, foliage, and tools, and export them into The Sandbox marketplace to become game ASSETS.
  • Marketplace: The Sandbox’s web-based marketplace allows users to upload, publish, and sell their creations (ASSETS) made in VoxEdit, as Tokens (Both ERC-721 and ERC-1155 tokens).
  • Game maker: Anyone who owns ASSETS, either by making them in VoxEdit or purchasing them, can utilize them with the third and most important ecosystem product, the Game Maker and the Game itself. This product, when launched in Game Maker mode, enables users to place and use their ASSETS within a piece of LAND (an ERC-721 token) that they can own in the virtual world. Users can decorate their LAND with ASSETS, and more importantly, implement interesting and nuanced gameplay mechanics by assigning predefined behaviors to the ASSETS through visual scripting nodes, turning a LAND from a decoration experience into a potential full game experience.

SAND Tokenomics

SAND has a max. supply of 3,000,000,000 SAND coins. Token is an essential part of The Sandbox platform and The Sandbox are working on establishing key mechanics that makes it intrinsically tied to The Sandbox platform and its value. SAND is an ERC-20 utility token built on the Ethereum blockchain that serves as the basis for transactions within The Sandbox, and has the following uses:

  • Access The Sandbox platform: Players spend SAND in order to play games, buy equipment, or customize their Avatar character—and can potentially collect SAND through gameplay. Creators spend SAND to acquire ASSETS, LANDS, and through Staking. LAND Sales drive demand for SAND to purchase LANDS. Artists spend SAND to upload ASSETS to the Marketplace and buy Gems for defining Rarity and Scarcity.
  • Governance: SAND is a governance token that allows holders to participate in Governance decisions of the platform, using a DAO structure. They can exercise voting rights on key elements such as Foundation grant attributions to content and game creators and feature prioritization on the platform Roadmap. SAND owners can vote themselves or delegate voting rights to other players of their choice.
  • Staking: SAND allows for staking, which allows for passive revenues on LANDS: you get more SAND by staking it. This is also the only way to get valuable Gems and Catalysts, needed for ASSET creation.
  • Fee Capture model = 5% of all transaction volume carried out in SAND tokens (Transaction Fees) shall be allocated with 50% to the Staking Pool as rewards for token holders that Stake SAND tokens and 50% to the ”Foundation.”
  • Foundation: The role of the Foundation is to support the ecosystem of The Sandbox, offering grants to incentivize high quality content & game production on the platform. To date, the Foundation has funded over 15 game projects and granted 100 artists to produce NFTs ahead of the public Launch in December 2020. The overall valuation of the metaverse grows through the valuation of all games funded by the Foundation, creating a virtuous circle to enable funding bigger games.

How to buy SAND?

Looking for how to buy SAND? You can consider buying Sandbox on MEXC via the following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  1. Search “SAND” using the search bar to see the available trading pairs. Take SAND/USDT as an example.
  1. Scroll down and go to the [Spot] box. Enter the amount of SAND you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy SAND] to confirm your order. You will find the purchased SAND in your Spot Wallet.

For the comprehensive guide on how to buy SAND and other available tokens, please visit special MEXC How to Buy Guides Section.

Recent SAND Token Price & Performance

Since listed on MEXC in 2020, SAND reached the highest price (ATH) of 8.48 USDT in November 2021.

Interested in crypto like SAND?

MEXC lists moonshot and provides access to trading of major crypto coins like SAND, keep an eye on our listings in Innovation and Assessment zones, as well as major tokens in the Main Zone – we have more great projects to come! Also, visit the hot projects section to find more hot tokes that were listed already. If you would like to know more about crypto trading itself visit MEXC Academy.

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The content of this webpage is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

Please note that the information and data above are cited from third-party sources & whitepapers and do not represent MEXC. Please refer to direct sources for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

This disclaimer informs readers that the MEXC Creator’s content, views, thoughts, and opinions expressed in the articles belong solely to the creators and authors, and not to MEXC Global itself. MEXC Global doesn’t give any investment recommendations or advice.

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