SAND is an ERC-20 token on the Ethereum blockchain and acts as the medium currency within the Sandbox platform, a platform for the online gaming community that enables the creation of assets, characters, and numerous other features through the utilization of a Decentralized Autonomous Organization (DAO).
Users are able to express their creativity through the development of Non-fungible tokens (NFTs) which can be traded or sold on the platform’s marketplace to receive SAND tokens as returns.
The Sandbox’s DAO allows the ability to govern the ecosystem, as SAND holders are able to propose policy changes to the developers, along with being able to vote on others’ proposals as well.
Sandbox was established under the “play-to-earn” vision, wherein users can create, play, and develop to receive SAND tokens, along with other on-platform currencies like LANDS and ASSETS, which are ERC-721 and ERC-1155 tokens, respectively.
ASSETS can be created and placed on the platform’s Marketplace, a platform maintained by a Smart Contract, which allows users to acquire tokens and profitable gains from their creations.
Who are the developers of SAND?
Arthur Madrid, the CEO, and co-founder of Pixowl that has driven Sandbox’s popularity in the gaming industry. Arthur has accumulated management experience through his entrepreneurial venture in 2001 when he established 1-Click Media, his first company.
Sebastien Borget is also a co-founder of Pixowl and has worked with Arthur since 2001. Currently, he serves as the COO of Pixowl.
Interesting facts about SAND
- According to Coinmarketcap as of 26 October 2021, SAND is ranked the 118th most popular token with a market cap of about $751 Million.
- Meanwhile, the total supply of SAND coins is set at 3,000,000,000 SAND with 892,246,119.22 SAND currently in circulation.