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Blockchain technology redefines ownership and empowers anyone to participate in the Sandbox Ecosystem, including governance, with SAND.
About ERC-20 Tokens
- Main utility token in The Sandbox
- Medium of exchange
- Required to participate in governance of The Sandbox metaverse
- Maximum Supply: 3 billion
SAND is The Sandbox Game's native currency and utility token. It is a fungible token, meaning it can be exchanged for other tokens of the same type like other cryptocurrencies and fiat (physical) currencies.
The SAND token is a medium of exchange that allows for a digital economy to exist in The Sandbox ecosystem for the benefit of creators, players, and owners of various non-fungible token types (NFTs) made for use in The Sandbox.
An NFT is a unique type of token that can not be replaced or exchanged for an equivalent token. It's rarity and utility determine its value. The Sandbox NFTs that can be bought, sold, or traded include virtual LANDs, entities to create Experiences, player equipment, player avatars, and more.
Key Attributes of the ERC-20 token standard includes:
- interchangeability with equivalent tokens
- standardisation for compatibility across various applications, wallets, and exchanges
- divisibility for granular transactions and flexible use cases
- functions for transfers and approval
- total supply and balances tracking
Own & Govern
Foundation & Staking
By owning SAND,
- PLAYERS can purchase avatars and equipment and gain access to Experiences that may require a small SAND fee or ownership of a specific NFT.
- CREATORS can sell valuable Assets on the Marketplace or accelerate their Experience production timeline by purchasing assets from others.
- ANYONE can participate in governance of The Sandbox metaverse or participate in a staking program for passive income (if no local restrictions apply).
Learn more about SAND:
Sell voxel art on The Sandbox Marketplace using SAND as a medium of exchange. Apply a Catalyst to increase Rarity and create Attributes to add more value and utility.
Launch Experiences for free, charge players a small amount of SAND to play, or require ownership of specific NFTs or collections for gated access.
Pay skilled level designers, asset creators, and others to collaborate on your project, or commission specific assets.
From all SAND transactions, a 5% transaction fee is applied. 50% of this fee is allocated to the Foundation Fund and the other 50% is allocated to the Staking Pool.
The Sandbox Foundation Fund supports the ecosystem and allows us to offer grants to incentivise artists and designers to produce high quality games and Assets. The Staking Pool contains the rewards for token holders who choose to stake.
TRANSACTION FEES (GAS FEES) Every transaction on a blockchain network includes a cost to compensate those who validate the data, which makes the technology more secure. The fee varies based on the blockchain network's congestion when the transaction is "signed." Some wallets, such as MetaMask, alert you if gas fees are high.
POLYGON BENEFITS VIA YOUR SETTINGS
- 10 free transactions every 28 days
- "Wrapped" gas fee so your transactions are only in SAND (avoids the need to own the MATIC cryptocurrency to cover gas fees when making purchases with SAND)
- Maximized EIP-712 compatibility with your hardware wallet
On rare occasions, The Sandbox may send an airdrop with no fee, such as to resolve an issue from a user's support ticket where a manual correction is the best resolution.
In addition, some third-party services and exchanges may charge a fee when you purchase cryptocurrency through them. This information can be found in your transaction details before you sign it. Where to buy and sell cryptocurrency is fully your choice.
Some wallets, such as MetaMask, allow you to purchase SAND directly.
You can also buy SAND at any Exchange that trades the SAND token and transfer it to your wallet. Some of these include:
Please take a look at this official guide:
Some wallets allow you to purchase cryptocurrencies directly, which helps you save steps purchasing from an exchange and transferring to your wallet.
Yes. You can do this using the Simplex exchange.
Yes. When logged into your account on The Sandbox, go to your profile by clicking "Me" on the left toolbar. There will then be a button there to purchase SAND. Click this to see your options. Bear in mind that you will also need Ethereum for the gas costs.
The value of any token will vary over time. When to buy it is entirely up to you. The Sandbox cannot give you any financial advice. However, you are welcome to seek advice from community members via one of our live chat communities.
You can sell SAND at any exchange that trades the SAND token. You may need to set up an account with the exchange and complete a verification process, depending on your location or laws affedt You can sell SAND at a cryptocurrency exchange that trades the token, such as:
The value of any token will vary over time. When to sell it is entirely up to you. The Sandbox cannot give you any financial advice. However, you are welcome to seek advice from community members via one of our live chat communities.
If you've earned rewards from The Sandbox, you will need to follow the steps below to claim them.
If you are eligible for any rewards, you can click the green Claim button underneath it.
Your cryptocurrency wallet should appear, asking you to confirm the transaction, including how much in gas fees, if any, that the claim will cost. Confirm the claim in your wallet to authorise the claim transaction.
If the claim was on the Polygon network, there's a chance the transaction will be completed without a gas fee, provided you have some free transactions remaining for the month.
See your Blockchain Settings to activate the Gasless transactions option, which will indicate how many gasless transactions you have left in the current period. There you can also activate the Forward option to pay your gas fee in SAND instead of the MATIC cryptocurrency.
Use The Sandbox Bridge when you'd like to move SAND or LAND between they Polygon and Ethereum blockchains. This documentation includes information about the benefits of using Polygon as well as step by step instructions to use the Bridge.