SAND

SAND

SAND is the governance and utility token of The Sandbox metaverse ecosystem.

Risk Rating
Best
$0.44
2.70%
Summary
What we like
SAND is the native currency that drives all of The Sandbox's in-game transactions and interactions. It also serves as the governance token to allow holders to make changes to the ecosystem.
What we like less
Roughly 40% of the total token supply remains with the next unlock date expected to release over 10% of the token supply.
What it means for you
Staking SAND can be a great way for you to earn platform fees and rewards, as well as other in-game assets.
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $1B
  • Fully Diluted Valluation: $1.3B
  • FDV / MC: 1.3
  • Ranking inside Exponential (excluding stables): #21
  • Circulating Supply: 2,265,731,926
  • Total Supply: 3,000,000,000
  • Total Supply: 3,000,000,000
  • Volume (24H): $58.7M
  • ATH: $8.40 (11/25/2021)
  • ATL: $0.03 (11/04/2020)
Risk Assessment
Best
Asset Strength

SAND is a mid-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of The Sandbox, a protocol rated as Watch out.

Asset Tokenomics

SAND has a fixed supply. GUSD on Ethereum is backed 1:1 by USD reserves held with Gemini`s partner banks.

Asset Volatility

SAND is moderately correlated to the overall market.

Dependencies

The Sandbox

Things to know about SAND

What is SAND used for?

SAND enables players to create, play, and govern within The Sandbox gaming platform. It is the primary in-game currency used across The Sandbox metaverse. Players can potentially earn SAND through gameplay and spend the SAND to play games and purchase in-game items. Creators can spend SAND to acquire ASSETS and LAND, which are digital pieces of real estate. SAND also allows holders to participate in the metaverse's governance decisions.

SAND tokenomics

The max supply of SAND is capped at 3B tokens. The token distribution is as follows: 12% allocated to Binance Launchpad, 17.18% to seed sale, 4% to strategic sales, 12% to the foundation, 19% to the team, 10% to advisors, and 25.82% to the company reserve.

How does SAND accrue value?

SAND has intrinsic value as the in-game medium of exchange to carry out all transactions within The Sandbox ecosystem. Users need SAND to purchase services and assets. Players aso cannot inherit LAND and ASSETS, two of the most valuable in-game items, without SAND. Lastly, players can stake SAND to earn platform fees and rewards (paid in SAND). The platform collects a 2.5% fee on every in-game transaction and allocates it to the staking pool to reward all users who stake their tokens.