The founder of SAND coin is Sandbox.
1. Project Introduction The Sandbox is a virtual world where players can use the platform token SAND to create, own and profit from their own gaming experience in the Ethereum blockchain.
Here you can play, create, collect, earn, govern and own anything in the game.
2. SAND1 and SAND are ERC20 standard tokens, which can be said to be the currency of The Sandbox world. They have many functions including governance, mortgage, profit sharing and purchase of various assets.
2. Enter The Sandbox platform: All users who want to enter The Sandbox will need $SAND. Players spend $SAND to play games, purchase equipment or character models; creators spend $SAND to obtain assets and land; artists spend $SAND.
$SAND uploads assets to the auction house and purchases gems to upgrade rarity and rarity.
3. Governance: $SAND is also a governance token, which allows holders to use DAO (note) to participate in the platform’s governance decisions.
They can exercise voting rights on key decisions, such as who the foundation funds and new features of the Sandbox.
Holders of $SAND can vote themselves or delegate voting rights to other players of their choice.
4. Mortgage: $SAND allows mortgaging, which allows LAND to generate passive income and can be mortgaged to obtain more $SAND. This is also the only way to obtain the Gem and Catalyst required to create ASSET.
5. Profit sharing: The handling fee is 5% of the transaction volume, half of which will be allocated to the mortgage pool as a reward for $SAND holders, while the other half will be allocated to the foundation.
6. Foundation: The role of the foundation is to support the ecosystem of The Sandbox and provide funds to stimulate high-quality content and game production on the platform.
So far, the foundation has sponsored 15 gaming projects and licensed 100 artists to create NFTs ahead of their public release in December 2020.
The value of The Sandbox metaverse comes from its high-quality games. By funding games, the foundation continues to grow the overall value, thus forming a virtuous cycle.
3. Game introduction 1. Sandbox is a unique pixel game.