🪙SAND
Blockchain technology redefines ownership and empowers anyone to participate in the Sandbox Ecosystem, including governance, with SAND.
Contents
What is SAND?
Ethereum Blockchain
ERC-20 Token
Main utility token in The Sandbox
Medium of exchange
Required to participate in governance of The Sandbox metaverse
Maximum Supply: 3 billion
Polygon Blockchain
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.
How is SAND Used in The Sandbox?
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 via The Sandbox DAO or participate in a staking program for passive income (if no local restrictions apply).
Learn more about SAND:
Create
Monetise Your Assets
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.
Monetise Your Experiences
Launch Experiences for free or require ownership of certain NFTs to access exclusive Experiences or gameplay within an Experience.
Hire Creators
Pay skilled level designers, asset creators, and others to collaborate on your project, or commission specific assets.
Own & Govern
Medium of Exchange
Purchase non-fungible tokens (NFTs) with various utilities, such as avatars, LAND, equipment, assets, passes, and catalysts (used to mint NFTs).
Governance
Participate in the governance of The Sandbox Game's platform via The Sandbox DAO.
Foundation Fund & Staking Pool
With our new royalties system, The Sandbox receives 2.5% of the sale price of each asset soldd at The Sandbox Marketplace. This supplies The Sandbox Foundation with SAND to distribute among The Game Maker Fund, staking, and rewards.
The Sandbox Foundation supports the ecosystem and allows us to grant funds to incentivise high quality UGC (user-generated content) production through programs for artists and builders. It also supports growth of The Sandbox via rewards for token holders who stake their SAND.
Buy, Sell, or Swap SAND
Fees for Blockchain Transactions
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.
ACTIVATE YOUR FREE MONTHLY GASLESS TRANSACTIONS (Polygon)
Every account holder at The Sandbox may take advantage of 10 free transactions every 28 days. This means no gas fee is charged per transaction available. Learn more
Convenience Fees from Exchanges
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.
Buying SAND Tokens
ETHEREUM AND POLYGON NOTE
SAND is currently more commonly available for purchase on the Ethereum blockchain. Once purchased, it can be deposited to Polygon using The Sandbox Bridge.
Where Can I Buy SAND?
Via an Exchange
You can buy SAND at any Exchange that trades the SAND token and transfer it to your wallet. Some exchanges may not be available depending on your location.
For an updated list of exchanges where SAND can be purchased, visit:
Via Your Metamask Wallet
Some wallets allow you to purchase cryptocurrencies directly. This may reduce cost by eliminating a step to transfer funds from the exchange to your wallet.
Can I purchase SAND using a credit card?
Some exchanges, such as Simplex, allow credit cards for purchases. However, some credit cards restrict cryptocurrency purchases.
Can I purchase SAND via The Sandbox's dashboard/website?
At this time, you can NOT purchase SAND via The Sandbox website. You may connect your third party wallet to your account at The Sandbox and use the cryptocurrencies in your wallet to purchase assets on the website. All Marketplace transactions completed at The Sandbox website are now done on the Polygon net work to reduce gas fees for users. Previously, The Sandbox was only compatible with the Ethereum network.
When Should I Buy SAND?
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.
Sell SAND Tokens
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.
When Should I Sell SAND?
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.
Can I swap another cryptocurrency token for SAND?
Some wallets may allow you to swap cryptocurrencies directly. You can also use an app such as UniSwap.
How to Claim Your Earned Rewards
If you've earned rewards from The Sandbox, you will need to follow the steps below to claim them.
Step 1: Go to the reward claiming page
Log into your account on The Sandbox. Click on your username and select the Claims option in the menu. Alternatively, the direct link is: https://www.sandbox.game/me/claim/.
Step 2: Click the Claim button
If you are eligible for any rewards, you can click the Claim button underneath it.
Claims have an expiration date, which will be noted on each claim available.
All claims and rewards are transacted on the Polygon network. You may be able to complete your transactions without paying gas fees if you have Gasless Transactions remaining. Learn more
The Sandbox Bridge
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.
To participate in staking programs, your SAND must be on the Polygon network.
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