What is SAND
Tokens
1. Brief Introduction
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using NFTs and $SAND, the platform’s utility token.
We will build an unique way to play in a virtual world where you can play, create, collect, earn, govern, and own anything in the game.
2. Detailed Introduction
The Sandbox is an ecosystem for Players and Creators, consisting of three main components: a Voxel Editor (named “VoxEdit”), a Marketplace, and the Game itself.
SAND holders will be also able to participate in governance of the platform via a Decentralized Autonomous Organization (DAO), where they can exercise voting rights on key decisions of The Sandbox ecosystem. As a player, you can create digital assets (Non-Fungible Tokens, aka NFTs), upload them to the marketplace, and drag-and-drop them to create game experiences with The Sandbox Game Maker.
Players can collect tokens and resources and trade them with other players, creators, artists etc. on the platform. This business model is called play-to-earn, as anything they collect in the game is truly owned by players, they can trade it to other players (inside the marketplace or outside on other websites), transfer it to other players or even resell it through our currency $SAND.
$SAND tokens have the following utility on The Sandbox platform:
Medium of exchange: Players can potentially collect SAND through gameplay, and subsequently spend $SAND to play games, purchase equipment, or customize Avatar characters. Creators can spend SAND to acquire ASSETS and LAND. Artists can spend SAND to upload ASSETS to the Marketplace and buy GEMs for defining item rarity.
Governance: $SAND allows holders to participate in governance decisions. SAND owners can vote themselves or delegate voting rights to other players of their choice.
Staking: Users can stake $SAND tokens to earn rewards, as well as GEMs and CATALYSTs for ASSETS creation.
Also, our fee capture model is important, as a total of 26.5% of all SAND transaction volume goes back into the Foundation and for Staking Rewards
3. Token Allocation
4. Token Information and Release Schedule
Private Round Price: $0.0036
Seed Sale Price: $0.0050
Public Round Price: $0.0083
Token Lock-up plan and release plan
Seed Sale, Strategic Sale (Investors) SAND allocated to the Investors in Seed Sale and the Strategic Sale are locked for 3 years vesting with a 12 month cliff and will be distributed as shown on below table:
| Date (Listing date = August 14, 2020)
|
Number of Tokens
|
| 12 month anniversary of the Listing Date
|
1/5th of the Acquisition Tokens
|
| 18 month anniversary of the Listing Date
|
1/5th of the Acquisition Tokens
|
| 24 month anniversary of the Listing Date
|
1/5th of the Acquisition Tokens
|
| 30 month anniversary of the Listing Date
|
1/5th of the Acquisition Tokens
|
| 36 month anniversary of the Listing Date
|
1/5th of the Acquisition Tokens
|
Founders, Team and Advisors SAND tokens are locked for 5 years vesting and 12-month cliff followed by release every 6 months and will be distributed as shown on below table:
| Date (Listing date = August 14, 2020)
|
Number of Tokens
|
| 12 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 18 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 24 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 30 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 36 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 42 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 48 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
| 54 month anniversary of the Listing Date
|
1/8th of the Advisory Tokens
|
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.
