The Sandbox

What is a sandbox (SAND)?

SAND is a utility token Sandboxwhich is the third largest metaverse based on That Ethereum blockchain. In addition to being metaverse players (who buy or sell various in-game items in the form of NFTs), they are also users and developers (who create and create their own assets in the game).

If you’re interested in the current price of SAND, be sure to take a look at the Sandbox price chart above.

The main purpose of the Sandbox platform is successfully integrate blockchain technology into popular games. The platform is focused on implementing a “play to earn” creative paradigm that allows users to choose whether they want to be developers or gamers. Overall, Sandbox is one of the greatest games ever used. original user content.

NFTs can be created using an innovative 3D voxel engine called VoxEdit. It offers robust tools, an intuitive user interface, and a simple timeline for simple modeling and animation.

Thus, VoxEdit allows users not only to model in-game items, but also to animate them. Additionally, VoxEdit’s user-friendly interface eliminates the need for highly developed NFT creation skills. Once NFTs are created, they can be downloaded via creator of sandbox games.

Sandbox manages to create a metaverse of active users who support the expansion of the platform. This is possible thanks to a strong emphasis on user-generated content. Additionally, by introducing the SAND token, Sandbox contributes to decentralized management and gives users the opportunity to vote on the development of the project.

Since the Ethereum blockchain serves as the basis of the sandbox, it is protected Proof of Stake (PoS) consensus algorithm. This means that holders of SAND tokens can stake them to receive staking rewards. PoS is also an advantage because it does not require much energy or computer processing power to verify transactions. This largely depends on the users with the largest holdings of SAND coins.

Sandbox developers

Sandbox crypto project was developed in 2011 Pixoul (game creation studio). Pixowl was founded by Arthur Madrid and Sebastian Borget.

Madrid is the CEO of Pixowl. Has a higher economic education. Before founding Sandbox, Madrid worked as a consultant for Eurogroup Consulting in France. However, in 2001, he decided to go into business and founded 1-Click Media.

Borget is the COO of Pixowl. He has a degree in Computer Systems and Telecommunications. Prior to joining Pixowl, Borget was a project manager at 1-Click Media, where he began his collaboration with Arthur Madrid.

How does a sandbox work?

The sandbox metaverse consists of EARTH, which represent regions of the world that users can purchase. Only 166,464 LAND will be available for use. Essentially, players can host games, create multiplayer games, build homes, or organize social events for the inhabitants of their LAND. In addition, by combining several LANDS, PROPERTY can be created.

In addition, the player can add games and RESOURCES to their LAND as soon as they acquire it. The level, rarity and characteristics of ASSETS are determined Gems and CATALYSTS. ASSETS receive additional free cells from CATALYSTs, which can store GEMS. The more sockets your ASSET has, the better the quality of the CATALYST.

Purpose of SAND tokens

The Sandbox ecosystem’s utility token, SAND, serves the basis of all transactions and interactions. The token is based on ERK-20 token standard. It can be used as:

• The driving force behind the Sandbox to gain access to the metaverse.
• A payment method for purchasing equipment or customizing a player’s avatar.
• Method of payment for the acquisition of ASSETS and LAND.
• Governance token. By staking, SAND token holders can have a say in the development of the platform.

As a reminder, be sure to check out the above Sandbox price chart where you can see the current price of SAND.

Tokenomics SAND

The maximum supply of SAND is 3 billion tokens. The majority of SAND coin distribution was dedicated to founders and team members (31%). About 26% was sent to the company’s reserves. The remainder was allocated for the initial sale of the SAND token, a special sale on Binance Launchpad, and compensation for project consultants.

If you are planning to purchase SAND tokens, please note that SAND price may vary. This is due to the volatility of the entire crypto market. Whenever the cryptocurrency market fluctuates as a result of a variety of internal or external factors, the value of most crypto assets, including the sandbox price, also begins to change.