-
Bitcoin
$89,698.78
-1.37% -
Ethereum
$3,077.12
-3.24% -
Tether USDt
$0.9999
-0.05% -
Solana
$213.46
-1.19% -
BNB
$614.38
-3.15% -
Dogecoin
$0.3659
-10.13% -
XRP
$0.8727
20.34% -
USDC
$1.0000
0.00% -
Cardano
$0.6603
16.41% -
TRON
$0.1880
2.36% -
Shiba Inu
$0.0...02390
-7.51% -
Toncoin
$5.35
0.35% -
Avalanche
$32.39
-0.92% -
Sui
$3.40
2.48% -
Pepe
$0.0...02101
-5.97% -
Bitcoin Cash
$431.61
-0.10% -
Chainlink
$13.55
1.01% -
Polkadot
$5.01
0.37% -
UNUS SED LEO
$7.55
0.84% -
NEAR Protocol
$5.49
2.54% -
Litecoin
$85.35
5.61% -
Aptos
$12.04
2.71% -
Dai
$0.9997
-0.02% -
Uniswap
$8.20
-3.28% -
Cronos
$0.1644
3.87% -
Stellar
$0.1388
11.01% -
Internet Computer
$8.15
-2.64% -
Bittensor
$507.58
-1.27% -
dogwifhat
$3.62
-11.63% -
Render
$6.67
-4.00%
What is SAND coin? Introduction to SAND coin issue price, total amount and white paper
SAND coin is a utility token of The Sandbox metaverse platform, facilitating transactions, governance, and asset ownership within its gaming ecosystem.
Oct 06, 2024 at 05:06 pm
Understanding SAND Coin: A Comprehensive Introduction
1. Definition
SAND coin (SAND) is a native utility token within the Sandbox metaverse platform. The Sandbox is a play-to-earn (P2E) gaming platform where users can create, own, and monetize their customized games and virtual assets.
2. Issue Price
The initial coin offering (ICO) for SAND took place in August 2020, with an issue price of $0.0038 per token.
3. Total Amount
The total supply of SAND is 3,000,000,000 tokens.
4. White Paper
The white paper for SAND coin provides detailed information about the project's concept, technology, tokenomics, and use cases. It can be accessed on the Sandbox website: [https://sandbox.game/en/whitepaper/](https://sandbox.game/en/whitepaper/)
Expanded Explanation:
Tokenomics
SAND coin serves as the primary currency within the Sandbox ecosystem, facilitating the following functions:
- In-Game Transactions: Users can purchase and trade game assets, such as virtual land, items, and services, using SAND.
- Governance: SAND holders can participate in the platform's decentralized governance system, voting on proposals to shape the future development of the Sandbox.
- Staking: Users can stake SAND to earn rewards and participate in exclusive events.
Utilities
SAND coin has multiple utilities within the Sandbox ecosystem:
- Asset Ownership: SAND is required to purchase and own virtual land (LAND) parcels, which represent ownership of in-game areas.
- Game Creation: Users can utilize SAND to create and develop their own games within the platform.
- Token Incentives: SAND is used as a reward mechanism for completing game missions, tournaments, and other in-game activities.
- Community Involvement: SAND holders can join the Sandbox's community and participate in events, discussions, and other engagement activities.
Value Proposition
The value proposition of SAND coin lies in its role as a vital component of the Sandbox metaverse ecosystem, offering users the following benefits:
- Ownership: SAND enables users to own and control digital assets within the Sandbox.
- Customization: Users can design and build their unique experiences and games.
- Earning Potential: Through gameplay, staking, and other activities, users can earn rewards in the form of SAND.
- Community: SAND fosters a thriving community of creators, players, and investors who contribute to the growth of the ecosystem.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
PEPE the Frog Memecoin Surges 96.9% in 7 Days After Coinbase Listing
- 2024-11-15 22:30:02
-
Pepe (PEPE) vs. Dogecoin (DOGE) vs. DTX Exchange (DTX) – Which Crypto May Pump First?
- 2024-11-15 22:30:02
-
Bitcoin (BTC) Price Analysis: Willy Woo Forecasts New All-Time Highs Above $100,000
- 2024-11-15 22:30:02
-
Rexas Finance (RXS): A New Rival Emerges to Challenge Dogecoin (DOGE)
- 2024-11-15 22:20:01
-
Rexas Finance (RXS) Is the New Investment Choice Set to Dominate the 2024 Bull Run
- 2024-11-15 22:20:01
-
output: title: Top 18 Meme Coins to Invest in 2024
- 2024-11-15 22:30:02
Related knowledge
Can BLUR coins be invested?
Nov 15,2024 at 03:52pm
Can BLUR Coins Be Invested?Understanding BLUR Coins: A Comprehensive GuideBLUR coins are the native tokens of the Blur marketplace, a decentralized platform specifically designed for NFT enthusiasts. These coins play a vital role within the Blur ecosystem, offering a range of benefits and utilities to users. However, potential investors may have questio...
What currency is BLUR coin?
Nov 15,2024 at 06:40pm
What is Blur Coin?Blur is a decentralized, non-custodial exchange that aggregates liquidity from various other exchanges, offering traders a comprehensive view of the NFT market. It operates on the Ethereum blockchain and utilizes a governance token known as BLUR.BLUR Coin's Role in the Blur EcosystemGovernance: BLUR holders participate in the governanc...
What Are NFT Royalties? How Do NFT Royalties Work?
Nov 08,2024 at 07:49pm
What Are NFT Royalties?Non-fungible tokens (NFTs) have taken the digital world by storm, offering creators a new and innovative way to monetize their work. One of the key concepts associated with NFTs is royalties, a financial mechanism that allows creators to earn a percentage of their profits every time their NFT is sold or traded.In essence, NFT roya...
What is the relationship between Dogecoin and NFT (Non-Fungible Token)?
Nov 03,2024 at 10:37am
The Relationship Between Dogecoin and NFTs1. Origins and BackgroundDogecoin, created in 2013 as a satirical cryptocurrency, gained popularity as a meme-based asset. NFTs, or Non-Fungible Tokens, emerged later, representing unique digital assets stored on blockchain networks.2. Intersections in the Crypto SpaceBoth Dogecoin and NFTs operate within the br...
best nft websites
Oct 24,2024 at 03:18am
Top NFT Marketplaces for Buying and Selling Digital CollectiblesWith the rise of blockchain technology, NFTs (non-fungible tokens) have emerged as a revolutionary way to own and trade digital assets. NFTs offer unique ownership and provenance, making them highly sought-after by collectors and investors alike. Here are the leading NFT marketplaces where ...
best nft tokens
Oct 24,2024 at 03:11am
Top 5 Non-Fungible Token (NFT) Projects1. OKXOKX is a leading cryptocurrency exchange that offers a wide range of NFT services, including an NFT marketplace, NFT minting, and NFT custody. The OKX NFT marketplace is one of the largest in the world, with over 80,000 NFTs listed for sale. OKX also offers a variety of tools and resources to help users disco...
Can BLUR coins be invested?
Nov 15,2024 at 03:52pm
Can BLUR Coins Be Invested?Understanding BLUR Coins: A Comprehensive GuideBLUR coins are the native tokens of the Blur marketplace, a decentralized platform specifically designed for NFT enthusiasts. These coins play a vital role within the Blur ecosystem, offering a range of benefits and utilities to users. However, potential investors may have questio...
What currency is BLUR coin?
Nov 15,2024 at 06:40pm
What is Blur Coin?Blur is a decentralized, non-custodial exchange that aggregates liquidity from various other exchanges, offering traders a comprehensive view of the NFT market. It operates on the Ethereum blockchain and utilizes a governance token known as BLUR.BLUR Coin's Role in the Blur EcosystemGovernance: BLUR holders participate in the governanc...
What Are NFT Royalties? How Do NFT Royalties Work?
Nov 08,2024 at 07:49pm
What Are NFT Royalties?Non-fungible tokens (NFTs) have taken the digital world by storm, offering creators a new and innovative way to monetize their work. One of the key concepts associated with NFTs is royalties, a financial mechanism that allows creators to earn a percentage of their profits every time their NFT is sold or traded.In essence, NFT roya...
What is the relationship between Dogecoin and NFT (Non-Fungible Token)?
Nov 03,2024 at 10:37am
The Relationship Between Dogecoin and NFTs1. Origins and BackgroundDogecoin, created in 2013 as a satirical cryptocurrency, gained popularity as a meme-based asset. NFTs, or Non-Fungible Tokens, emerged later, representing unique digital assets stored on blockchain networks.2. Intersections in the Crypto SpaceBoth Dogecoin and NFTs operate within the br...
best nft websites
Oct 24,2024 at 03:18am
Top NFT Marketplaces for Buying and Selling Digital CollectiblesWith the rise of blockchain technology, NFTs (non-fungible tokens) have emerged as a revolutionary way to own and trade digital assets. NFTs offer unique ownership and provenance, making them highly sought-after by collectors and investors alike. Here are the leading NFT marketplaces where ...
best nft tokens
Oct 24,2024 at 03:11am
Top 5 Non-Fungible Token (NFT) Projects1. OKXOKX is a leading cryptocurrency exchange that offers a wide range of NFT services, including an NFT marketplace, NFT minting, and NFT custody. The OKX NFT marketplace is one of the largest in the world, with over 80,000 NFTs listed for sale. OKX also offers a variety of tools and resources to help users disco...
See all articles
