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Gaming NFT

What is the SAND token used for?

How the SAND token is used on the Sandbox platform. The Sandbox is a platform for creating games and assets on the Ethereum blockchain.

The SAND token

SAND is the utility token of The Sandbox Metaverse.

SAND token is used for

  • Buy LAND in the metaverse
  • Buy assets/items
  • Liquidity mining

What is the Sandbox?

The Sandbox is a platform for creating games and assets on the Ethereum blockchain. Users can create their games and assets without writing code.

In the Sandbox Metaverse users can earn through:

  • Play to earn
  • Create assets and market them
  • Create experiences or games and monetize 

Together with ENJIN and others the Sandbox are introducing ERC-1155 tokens on the platform. These are used to have more flexibility than normal NFTs, for example creating a collection of a single NFT. 

The platform can offer metatransactions where a user can initiate a transaction of a SAND token and the gas is paid by the platform.

Fees

  • Buys of LAND
  • Premium NFTs
  • Subscriptions
  • Marketsplace transactions

Fees on the platform are distributed to the company and to the community as rewards.

LAND

The Sandbox Metaverse is made up of 166,464 LAND. Which are bought and owned by users to create games and host experiences for a community.

LAND is also used for governance within the Metaverse.

Assets

Assets on top of users’ LAND are created as NFTs. Assets can be bought and sold on the marketplace using SAND.

DOCS

SAND Tokenomics

Total supply: 3 000 000 000

Contract

Token sale

Price: $0.008333

Similar projects

Token price

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