SAND is a decentralized cryptocurrency based on the ethereum blockchain. SAND is a utility token of The Sandbox ecosystem which is used to reward players. The Sandbox is a virtual environment where gamers can create, own, and sell their gaming experiences using SAND.
Sandbox also has an NFT mechanism where players can own their creations using non-fungible tokens (NFTs). The Sandbox ecosystem uses an ERC-20 utility token called SAND for transactions. SAND is the backbone of the gaming platform since it adds value to the game by including DeFi elements.
Sébastien Borget is the co-founder and COO of The Sandbox. Pixowl which is headed by Sébastian Borget and Arthur Madrid and game developer onimatrix collaborated on the creation of The Sandbox, which was released as a mobile game in early 2012. Pixowl was later acquired by Animoca in 2018, and the firm announced its plans to create a 3D sandbox-style world using blockchain technology to introduce user-generated content (UGC) and token economics.
In August 2020, the Sandbox team staged an initial coin offering (ICO) to raise $3 million to fund its future operations.
The Ethereum blockchain is used by the Sandbox software to track ownership of digital LAND and NFT ASSETS on its platform. Users can interact with the ecosystem even more by storing SAND tokens in Ethereum wallets.
The gaming platform is built on three key in-game features that work together to create a complete and user-friendly gaming environment.
You can buy, trade and store SAND at LCX Exchange. There are several trading pairs available with SAND/LCX and SAND/USDC.
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