Sandbox project overview and Sand cryptocurrency

• What is Sandbox?
• Features of Sandbox
• Pros and cons of the Sandbox project
• Guide to trading with cryptocurrency Sand
• Conclude

What is Sandbox?

Sandbox concept

Sandbox is a virtual world in which players can create assets, collect assets, put them on the market and integrate into games in the Game.

Currently, the Sandbox project has 3 main products, which are:

Game Maker : Game Maker allows users to build 3D Games on the platform for free and easily.

VoxEdit : VoxEdit is a software suite that allows users to create their own 3D animations and then upload them to Market Place to become their property.

Market Place : The Market Place is where users upload, publish, and sell the assets they create.

Sandbox is a virtual world where players can create assets.

Read more: What is ALICE Token and My Neighbor Alice game overview?

Sandbox project development team

The Sandbox project development team includes leading video-game experts and Blockchain engineers, of which the 4 most core members are: 

Arthur Madrid (CEO & Co-Founder): Arthur is the co-founder and CEO of Pixowl and also a member of the Board of Directors of Animoca Brands.

Sebastien Borget (COO & Co-founder): Sebastien is the co-founder and COO of Pixowl. He is also a former COO of Wixi Inc and 1-Click Media Networks, president of Blockchain Game Alliance.

Lucas Shrewsberry (CTO): Lucas holds the position of CTO of Pixowl. Previously, he held the position of Technical Head of Gameloft.

Marcelo Santurio (CFO): Marcelo is a former BD lead at Partypoker LIVE, co-founder and CEO of Segulink.com, and served as CEO of Convergia.

Sandbox project development team.

Along with that, the project has more than 50 cooperation agreements to develop content on the platform, including names such as:

Atari : Atari is a video game company founded in 1972. The partnership between Sandbox and Atari will allow Atari to showcase its games and content in the virtual world of The Sandbox Gaming.

SBS Game Academy : SBS Game Academy is a video game educational institution in South Korea. SBS Game Academy will develop a curriculum about The Sandbox Game Maker.

Shaun the Sheep : Shaun the Sheep is an animated television series. Shaun the Sheep cartoon characters will be ported to The Sandbox as ASSET on the platform.

Matic Network : Matic Network is a well-known decentralized ecosystem. Matic Network will collaborate with The Sandbox team to deliver faster transaction speeds and a better UI/UX experience on The Sandbox platform.

Sandbox project development process

In the third quarter of 2020, the project publicly released the Game Maker beta, kicked off the Presale 4 Token Land and released the Marketplace upgrade.

In the fourth quarter of 2020, the project launched the Sandbox Game Public Beta version and the mechanism to earn tokens while playing the game. At the same time, this is also the time when the project releases the multiplayer mode in the game and VoxEdit 1.0.

In 2021, the project launches Foundation DAO and Staking Sand and releases games on smartphones and tablets.

Features of Sandbox

Land

Assets are items that the player can create (cars, vehicles, dragons...) and Land is the land on which the player lives. According to Sandbox's interpretation, Land is the physical space in the Metaverse owned by players to create and monetize the game. It is built on top of Ethereum, using NFT's ERC-721 standard.

In the future, players will be able to combine Lands together to form Estates, Districts.

Land is the land where the player lives.

Avatar

To put it simply, Avatar is the player's representative image in the game. Sand can be used to Build Avatar to look more beautiful and cool.

Avatar image represents the player in the game.

Decentralized

All assets in Sandbox are encrypted as NFT to ensure user ownership.

Sandboxes are all encrypted as NFTs.

Administration

As mentioned above, users who own Sand tokens have the right to participate in voting on decisions in the Sandbox ecosystem through the DAO (Decentralized Autonomous Organization) mechanism.

Owning Sand token has the right to participate in voting.

Donation Fund

The Fund is a 3rd party that needs to support potential Game projects or artists on the Sandbox platform. This feature helps to promote the production of high-quality content, thereby invisibly enhancing the quality of the entire ecosystem.

Funding is a 3rd party that needs to support projects.

Social network

Sandbox also has a community connection feature. More than 750,000 users always follow and support the project on many popular social platforms.

Sandbox also has a community connection feature.

Pros and cons of the Sandbox project

Advantage

• The project has a clear development roadmap, transparent development team.
• The project has a good level of security, players can create, play, share, collect and trade without being controlled by anyone, including the Game publisher.

Defect

• The Sandbox project meets many competitors in the same field, the strongest of which is MANA.
• The Sand cryptocurrency is not yet available on many exchanges.

What you need to know about Sand cryptocurrency

Functions of the Sand . cryptocurrency

Sand is a token circulating in the Sandbox world with 4 main roles as follows:

Means of Transaction : Gamers can use Sand coins to buy items, customize characters, buy GEMs to determine the rarity of assets, etc.

Network governance : Users who own Sand have the right to participate in network governance decisions or vote on policies and rules in the Sandbox.

Staking : Hold Sand token for Staking is also a method to help players earn more rewards.

Fee Capture : Sand transaction fee will be divided, half is for the reward for Staking Pool and the other half is for the founding team.

Sand Token Allocation

Sand Tokens are allocated at the following rate:

• Launchpad: 12%.
• Semi-Seed Round: 17.18%.
• Strategic sale round: 4%.
• Organization: 12%.
• Project team: 19%.
• Advisory team: 10%.
• Company reserves: 25.82%.

Sand Token Allocation

Sand . Cryptocurrency Basics

• Price: $0.2694 (price at time of writing June 12, 2021).
• Market capitalization: 222.5 million USD.
• Total supply: 3 billion.
• CoinMarketCap ranking position: 160

Sand . Cryptocurrency User Manual

How to own Sand Token

There are two main ways to own Sand token:

• The first way is to buy from exchanges.
• The second way is to join the Sandbox ecosystem to earn money through staking, creating assets or buying and selling items, etc.

To learn about staking, you can read more about what is staking and what to keep in mind when investing in staking .

How to store Sand token

Sand cryptocurrency is similar to other ERC20 tokens that can be stored in many forms:

• Store Sand on the exchange's wallet provided that the exchange must support trading this coin.
• Myetherwallet : This wallet is extremely easy to use because of its simple interface. However, the downside is that the security of the wallet is not high, there have been hacks that have caused users to lose their assets.
• Ledger and Trezor: These are two popular and safe hardware or cold wallets to store ERC tokens. However it is a bit complicated to use.

The exchange supports trading with Sand token

If by the end of 2020, almost no exchange on the market has supported the Sand token trade, so far, after only 1 year, this cryptocurrency has made very fast development steps. Some of the top exchanges to support Sand token trade today are Binance , Huobi Global , OKEx, CoinTiger. 

Conclude

The idea of ​​creating a decentralized virtual reality platform on the Ethereum platform is not new. Despite facing many big competitors, up to now, the Sandbox project and the Sand cryptocurrency itself have had a certain foothold in the market. 

With a project with a clear development roadmap and a competent development team, you can rest assured about the transparency of the project as well as the potential for future growth. Hope the information TraderH4 just provided is really useful. If you find it interesting, don't forget to share it with your friends!

Note: This article is for informational purposes only and should not be considered investment advice. Cryptocurrency investment is a form of risky investment, you only participate with the amount of capital that can be lost.

• Sandbox (SAND) has increased 90% since the beginning of the year before the token unlock
• Attention: Big money is pouring into Gaming and Web 3.0