What is The Sandbox (SAND)? Sandbox Technical Analysis
The Sandbox (SAND) is a user-managed virtual world where players are authorized to sell in-game assets. This decentralized virtual world is Blockchain-based. It is an ERC-20 utility token built on top of the Ethereum Blockchain.
The Sandbox is known as an ETH-based metadata warehouse and gaming ecosystem, where users can create gaming experiences and in-world assets and earn from it. It was created by the Pixowl company. In Sandbox, users own property over their creations. It was released on January 1, 2011. It is known to see a lot of supply.
On The Sandbox, players have the opportunity to convert their built experiences into money with SAND tokens over the blockchain. At the same time, ASSETs in NFT format can be created and uploaded to the market. It is integrated into games thanks to Game Marker. Users have a wide variety of ways to earn money if they spend time on the platform.
Gas fees are paid to platform users by using the ERC-1779 protocol. It is also possible to perform them over ETH. It is aimed to improve the overall user experience.
The term Metaverse is an important topic that has been heard very often lately. It is preferred to define the virtual space in digital environments such as virtual reality and social media. It is a network that occurs in an open virtual environment where large numbers of people can interact with each other digital objects while running their virtual representations or profiles.
What is Sand Token?
Sand Token is based on ERC-20. It is built on the ETH blockchain. It is multipurpose. Also known as a utility token. Used in The Sandbox ecosystem. It has 3 different usage areas. These include a medium of exchange in in-game transactions, receiving LAND tokens in-game, and voting rights related to the management of the platform.
SAND entered circulation through 4 phases of a liquidity mining program. The first phase went live in September 2020. Users whose SAND tokens hold a SAND ETH pair on Uniswap are rewarded. The second tier offers a return multiplier over the amount of LAND ownership a user has. In addition, the reward pool has been transferred to Tier 3 with 1.5 billion SAND tokens.
SAND token max. Its supply is expressed as 3,000,000,000 pieces. 23.5% of this is in the SAND circulation. The first sale price is 0.008333 USD-SAND.
Sandbox is a decentralized gaming ecosystem. The token of this network is known as SAND. It was created in 2021 by the game company Pixowl. The names of the CEOs of the company became the names for this project. The duo of Arthur Madrid and Sebastian Borget brought the Sandbox project to life.
It is necessary to express that it has high promises to its users, as well as being built on the Eth blockchain and being a decentralized area where NFT and DAO come together. It was created in the first place to integrate into the game world. It adopts the pay-to-earn model. It takes place in the game universe with its own created blockchain-based characters.
Sandbox Analysis, is Sandbox Coin Reliable?
You are in the right place to get information about Sand Coin's future and coin details. Sand Coin is defined as the coin of the future by investors. The fact that it has exhibited very important movements in the last period has led to many buying opportunities. In this article, we will provide important details for you.
Sandbox Coin Amount has reached quite high levels. Being on the Metaverse list is known as an important advantage. Security and encryption processes are done through the blockchain infrastructure. It provides long and uninterrupted operations. There is a chance to trade on a large number of Exchanges.
If you follow the crypto money news on our site, you can be informed about all the updates and have the chance to learn the process. As it is known, there is always a fluctuation in the coin market. In this sense, it should be stated that it is extremely important to conduct market research.
If you look at the Sand Coin comments, it is possible to see that the data is extremely positive. It can be interpreted that the future is bright, especially in the world of the metaverse. You can also log in to our site to get information about this world and make general evaluations, and you can follow all the innovations in the world of crypto money instantly.