Sandbox is software running on Ethereum that runs a decentralized virtual game world. At its core, Sandbox is a game where players can purchase digital lands called LANDs and build experiences on them to share with other users. For example, playing games, purchasing equipment or customizing your avatar costs SAND tokens. The ERC-20 based SAND token is produced on the Ethereum Blockchain. As a multi-purpose utility token, SAND is used in The Sandbox ecosystem.
The SAND token can be used in 3 different ways:
- As a medium of exchange in in-game transactions,
- To get LAND tokens in-game,
- To have voting rights in decisions regarding the administration of the platform.
The maximum supply of SAND tokens is set at 3,000,000,000 units. 1,497,270,108 SAND is in circulation.