How much is The Sandbox (SAND) coin issued?

The Sandbox's total supply consists of 3 billion tokens, with 1.2 billion in circulation and the remaining allocated for future platform development and incentives.

Dec 12, 2024 at 09:48 pm

How much is The Sandbox (SAND) coin issued?

The Sandbox (SAND) is an Ethereum-based cryptocurrency that powers the decentralized metaverse platform The Sandbox. The platform allows users to create, build, and monetize their own virtual worlds and experiences. SAND is used to purchase land in The Sandbox metaverse, as well as to trade items and services within the platform.

The total supply of SAND is 3 billion tokens. Of this total, 1.2 billion tokens are currently in circulation. The remaining tokens are held in reserve by The Sandbox team and will be released over time to fund the development of the platform. The tokens were distributed through the platform's two token sales, which raised a total of $5.6 million.

Here is a breakdown of the token distribution:

• Team: 20% (600 million SAND)
• Advisors: 8% (240 million SAND)
• Seed Round: 12% (360 million SAND)
• Private Round: 18% (540 million SAND)
• Public Round: 42% (1.26 billion SAND)

How does The Sandbox work?

The Sandbox is a decentralized metaverse platform that allows users to create, build, and monetize their own virtual worlds and experiences. The platform is built on the Ethereum blockchain, and uses SAND as its native currency.

To create a virtual world, users first need to purchase land in The Sandbox. Land is sold in the form of non-fungible tokens (NFTs), which represent ownership of a unique piece of land within the metaverse. Once users have purchased land, they can begin to build their own virtual worlds.

Users can use a variety of tools to create their virtual worlds, including the Sandbox Game Maker. The Sandbox Game Maker is a drag-and-drop interface that allows users to create their own 3D models, buildings, and other objects. Users can also import their own assets into The Sandbox.

Once users have created their virtual worlds, they can share them with the community. Users can visit each other's virtual worlds, and interact with each other using their avatars. Users can also trade items and services within The Sandbox metaverse.

The Sandbox is a unique platform that allows users to create and build their own virtual worlds and experiences. The platform is still in development, but it has the potential to become a major player in the metaverse industry.

What is the future of The Sandbox?

The Sandbox is a rapidly growing platform with a lot of potential. The team is constantly working to improve the platform and add new features. The platform is also becoming more popular with users, who are using it to create a variety of different virtual worlds and experiences.

The future of The Sandbox is bright. The platform is well-positioned to become a major player in the metaverse industry. The team is experienced and passionate, and the platform has a strong community of users. The Sandbox is a platform that is worth keeping an eye on.