Skip to content
Winner Banu
Menu
  • About Me
  • Stories
  • Contact Me
  • My Blogs
  • Publish Your Article and Earn
  • Take up a Task
  • WordPress course for Singapore
  • My Secret Journey on YouTube
Menu

How does The Sandbox Crypto work?

Posted on December 2, 2021August 3, 2022 by YWBanu

Table of Contents

  • How does The Sandbox Crypto work?
  • Sandbox users
  • Gem and catalyst
  • How to Use SANDBOX Crypto
  • How Can I Get SANDBOX Crypto?

The sandbox is a gaming virtual world built on the Ethereum blockchain where players can build their own and monetize their gaming experiences using non-fungible tokens (NFT) and our main utility token sandbox crypto, sand. The sandbox platform currently includes a vox edit marketplace and a game maker. The Sandbox metaverse attempts to change the dynamics of the gaming market by rewarding creators of user-generated content for the value they produce. 

The Sandbox Crypto

How does The Sandbox Crypto work?

The Sandbox is a dynamic virtual world with user-generated creations. Players can build and create their own NFTs, including avatars, virtual goods, and even games using VoxEdit and Game Maker. Not only can they use the virtual goods to interact with other players, but they can also monetize these NFTs by trading on the Sandbox Marketplace.

You can create a game asset such as a dragon and make it become a non-fungible token (NFT) and sell it on the marketplace. Assets are made intuitively using voxels the equivalent of 3d pixels to build all sorts of assets that can be also animated with templates.

The sandbox crypto’s decentralized marketplace enables the trading of in-game assets created with our NFT maker. Now millions of players can enjoy creating, exchanging and selling game assets published on the Ethereum blockchain to prove ownership and full monetization. Finally, the sandbox’s game maker allows players to build 3D games for free and with no coding knowledge required. The sandbox virtual world uses blockchain technology – sand utility tokens and NFTs to empower the players and creators through the use of NFTs.

Sandbox users

The sandbox users will be able to benefit from true digital ownership security and immutability trading and cross-application interoperability. The sand token is the currency that enables storing the values of land, NFTs, Governance and players. The sand token is also being used for staking and governance the sandbox platform. Currently runs exclusively on Ethereum – the erc20 standard is used for the sand gem and catalyst tokens while erc 1155 and drc 721 standards are used for the storage and trading of land and assets. An asset is the name of the token that refers to voxel assets on our marketplace created via our voxel editor. These assets are uploaded into the blockchain ecosystem through our marketplace and automatically convert into NFTs.

Gem and catalyst

Gem and catalyst define the tier scarcity and attributes of an asset catalyst add empty sockets to the NFTs that can be filled with gems. The higher the quality of the catalyst the more sockets your asset will have.  Sand is an essential part of the sandbox platform and the only way to own a piece of the metaverse is by using it to buy land. Land is a digital piece of real estate in the sandbox metaverse.

How to Use SANDBOX Crypto

Buy land and create whatever experience you want on it. Land and everything on your land is truly yours. A total of 166 464 lands will ever be available contained in a map that will form the sandbox metaverse. Sand is an erc20 utility token built on the Ethereum blockchain that serves as the basis for transactions within the sandbox and has the following uses:

  • access the sandbox platform
  • players spend sand in order to play games
  • buy equipment
  • or customize their avatar character

While creators spend sand to acquire assets lands and earn passive income through staking. Sand is a governance token that allows holders to participate in governance decisions of the platform using a DAO structure they can exercise voting rights on key elements such as foundation grant attributions to content and game creators and future prioritization on the platform roadmap.

The Sandbox uses several token types to ensure a circular economy between all the types of users who will interact with the platform: players, creators, curators, and landowners:

SAND: the ERC-20 token used within The Sandbox as the basis for all of the ecosystem’s transactions and interactions.

LAND: a digital piece of real estate in The Sandbox metaverse. Players buy LAND in order to populate it with games, assets and interactive experiences. Each LAND is a unique (non-fungible) token lying on the public Ethereum blockchain (ERC-721).

ASSETS: a token created by players who build/assemble user-generated content (UGC). ASSETS utilize the ERC-1155 standard and can be traded on the marketplace, with their main utility being to serve as creation elements in The Sandbox Game Maker.

Sand allows for staking which enables passive revenues on lands. You get more sand by staking it. This is also the only way to get valuable gems and catalysts needed for asset creation. As the sandbox grows a large portion of transactions fees are redistributed to sand stakers through a foundation and staking pool governed by a community-owned DAO.

How Can I Get SANDBOX Crypto?

SAND Crypto can be purchased from major cryptocurrency exchanges using a credit or debit card. It can also be traded with Ether on Uniswap, earned from games in The Sandbox ecosystem, or obtained through various contests and reward programs in The Sandbox crypto.

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Posts

  • Achieving Rank #1 on Google: Insider secrets with proven strategies
  • Understanding ChatGPT: A Comprehensive Guide on How to Use OpenAI’s Language Model
  • High Ticket Affiliate Marketing: The Road to Financial Freedom
  • How to make money online in 2023 using Etsy and Fiverr together
  • 10 Hidden Secrets For A High Traffic Website
  • Selling Dall-E AI art on Etsy: How I Used AI image generator to Kickstart My Art Business
  • Discover the Secrets to Writing English Stories using ChatGPT and Making Money Online
  • Chat GPT A Beginners Guide, Can you get AdSense approval?
  • 7 Simple Steps to Rank Number 1 in Google Search
  • Earn money by answering questions online in India – Per day ₹200
Welcome to YWBANU.com

Submit Article and Earn

Submit Article and Earn
Submit Article and Earn

Close

Winner Banu

  • About Me
  • Contact Me
  • Publish Your Article and Earn
  • My Blogs
  • My Youtube Videos
  • Click Wealth System
  • Rank Your YouTube Video to achieve fame
  • Promote YouTube Channel For Free
  • Promoting YouTube Channel
  • Privacy & Policy
  • Terms & Conditions
  • Disclaimer

How We Make $128+ Per Day

Newbie Friendly Method Reveals How We Make $128+ Per Day With FREE Traffic In Just 30 Minutes Per Day! Click here for more Details

Categories

  • Affiliate matters
  • Business matters
  • News
  • Personal Blogs
  • Website Matters
  • Youtube matters

Recent Comments

  • Write and Earn Money, Make Money Online – Earn $3.80 now – Mazkin Info on Best Website to Write and Earn ($3.80 per Article)
  • How to do ebook affiliate marketing using the bookrix.com website? on Backlink Sites to Rank your Website – 10 times gain in traffic
  • How to make money online - My Own 100% Working Method on Freelance digital marketing from home
  • How to make money online - My Own 100% Working Method on How to Earn Online Passive Income in Singapore
  • Best Website to Write and Earn ($3.80 per Article) on Work from Home Jobs in Singapore – The Complete Guide 2022

Namecheap to Buy Domains

Search and buy domains from Namecheap

My Latest Youtube Video

Archives

  • January 2023 (6)
  • December 2022 (4)
  • November 2022 (3)
  • October 2022 (4)
  • September 2022 (7)
  • August 2022 (8)
  • July 2022 (11)
  • June 2022 (5)
  • May 2022 (10)
  • April 2022 (5)
  • March 2022 (8)
  • February 2022 (5)
  • January 2022 (3)
  • December 2021 (9)
  • November 2021 (3)
  • October 2021 (6)
  • September 2021 (13)
  • August 2021 (10)
  • July 2021 (9)
  • June 2021 (3)
  • May 2021 (1)
  • April 2021 (39)
  • March 2021 (15)
  • February 2021 (3)
  • December 2020 (2)
  • November 2020 (2)
  • Affiliate matters (47)
  • Business matters (32)
  • News (56)
  • Personal Blogs (132)
  • Website Matters (43)
  • Youtube matters (6)

Recent Posts

  • Achieving Rank #1 on Google: Insider secrets with proven strategies
  • Understanding ChatGPT: A Comprehensive Guide on How to Use OpenAI’s Language Model
  • High Ticket Affiliate Marketing: The Road to Financial Freedom
  • How to make money online in 2023 using Etsy and Fiverr together
  • 10 Hidden Secrets For A High Traffic Website
  • Selling Dall-E AI art on Etsy: How I Used AI image generator to Kickstart My Art Business
  • Discover the Secrets to Writing English Stories using ChatGPT and Making Money Online
  • Chat GPT A Beginners Guide, Can you get AdSense approval?
  • 7 Simple Steps to Rank Number 1 in Google Search
  • Earn money by answering questions online in India – Per day ₹200
  • Google’s Significant November 2022 Algorithm Updates, Clearly Described
  • McAfee antivirus review. Is McAfee safe?
  • Highest paying affiliate programs – Imali club review
  • How You Can Make $1000 Selling On Etsy
  • The Reality Of How To Make Extra Money Online
  • About Me
  • Contact Me
  • Publish Your Article and Earn
  • My Blogs
  • My Youtube Videos
  • Click Wealth System
  • Rank Your YouTube Video to achieve fame
  • Promote YouTube Channel For Free
  • Promoting YouTube Channel
  • Privacy & Policy
  • Terms & Conditions
  • Disclaimer
Copyright © 2023 Winner Banu. All Right Reserved.