[Overview] What is The Sandbox? Analysis of SandBox Metaverse Platform

by GameAZ
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What is SandBox? This is one of the games that creates a frenzy that nearly every NFT fan has heard about at least once. The project successfully raised $93 million from SoftBank and partnered with Adidas.

I’m Steven – let’s go over The Sandbox’s basic information from A to Z.

1. What is The Sandbox?

The Sandbox is a virtual world where players can build, own, and monetize their gaming experience on the Ethereum platform using SAND, the platform’s utility token. This type of token can be used to exchange, stake and participate in network governance. By combining the power of Decentralized Autonomous Organizations (DAO) and Non-fungible Token (NFT), Sandbox creates a decentralized platform for a thriving gaming community.

This platform has been receiving support and investment from many giants in the gaming industry. These include brands like Atari, Helix, and Crypto Kitties.

2. Project Highlights

2.1. Decentralization

In-game assets will be converted into NFTs tokens owned by the players. With the SAND token, users can own the functions that this token brings, promoting the development of the decentralized platform.

2.2. LAND presale

At the initial pre-sale in 2019, users sold virtual world platform slots within minutes and earned over $1 million of revenue in total. This success has raised the value of The Sandbox to more than 20 million USD.

2.3. Management

SAND tokens’ owners can participate in the project’s management, via the DAO mechanism. As a result, their vote will contribute to Sandbox’s development. .

2.4. Sponsorships

Generally, blockchain projects will have support from a sponsor to share difficulties in the development process and The Sandbox is no exception. The sponsor supports the Sandbox ecosystem as well as promotes the creation of quality content and game development on the platform. The Sandbox has successfully sponsored many game projects and artists to create NFTs.

2.5. Community Support

There are more than 15,000 users that have linked their wallets with The Sandbox project. Moreover, the Sandbox has already built a community of more than a few hundred thousand followers and supporters across major social networking sites such as Facebook, Discord, Telegram, etc. The fact that this number is constantly increasing proves the success of The Sandbox.

2.6. An Experienced Team

With a professional & experienced team, the Sandbox has developed many successful games achieving more than tens of millions of downloads. They are the video-game experts from AAA companies and the leading engineers in the blockchain field who created the ERC-1155 standard token and many other achievements.

2.7. Partnerships

With its growing potential in the market, The Sandbox has received more than 50 cooperation agreements from many big names in the field. They are well-known names like Shaun the Sheep, game studio dApps like Dapper Labs (Crypto Kitties), investors like Square Enix (Final Fantasy, Tomb Raider), and legendary game companies like ATARI (Rollercoaster Tycoon). , Pong).

3. ROADMAP

Sandbox has been in operation since 2012, below is Sandbox’s roadmap:

  • May 2012: Released on iOS operating system
  • February 2013: Launched on Android OS
  • March 2014: Sandbox passed 10,000,000 downloads.
  • March 2015: Sandbox Evolution was announced at the GDC conference.
  • June 2016: Sandbox Evolution was released on iOS, Android, and Steam.
  • July 2017:
    • Sandbox Evolution received two major partnerships:
    • Bandai Namco brought PAC-MAN into the game;
    • Dreamworks brought Shrek into the game;
    • Sandbox Evolution has announced a free download on Steam.
    • April 2018: The Sandbox surpasses 40,000,000 downloads and 70,000,000 creatives; and Sandbox surpass 750,000 followers on Facebook
  • 2019:
    • Funding: The Sandbox closed the seed round with a total raised of 3,410,000 USD;
    • Team: Gather the right senior team to execute the project vision: 42 resources located in 3 offices covering: 28 FTE in Argentina, 11 in France, 2 in Korea and 1 in Japan;
    • First Sales: The first two LANDS pre-sale (2.5% then 5% of the total supply map) sold out in almost 1 hour – exciting success despite the bearish crypto market. Total Revenue generated is 1,400 ETH (about 300,000 USD);
    • Community: Grow with over 10,000 members on Discord. VoxEdit has been downloaded a total of 65,000 times and the 100 artists make up the Creators Fund, which has raised 3,000 ASSETS. More than 3,500 accounts on Marketplace;
    • Smart Contracts: All of the platform’s smart contracts are publicly available on Github and have been audited by Certik, a security leader trusted by Binance, Upbit, Bithumb, etc.,
    • Presence in Korea: Grow over 1,000 highly engaged creators and members. Formalize partnership with SBS Seoul Game Academy (access to 2,000 students across 8 campuses in Korea);
  • 1st quarter of 2020
    • VoxEdit – VoxEdit Beta Release Launched
    • LAND Presale – Launch Round 2 and Round 3, sell 5% and 10% Map in a few hours.
  • 2nd quarter of 2020
  • Game Maker Closed Alpha – Private release of Game Maker Alpha to some early testers
  • LAND MoonSale – 6 LAND sales in 5 weeks.
  • 3rd quarter of 2020
  • Game Maker Public Beta – The public release of the Game Maker Beta.
  • LAND Presales – Launching round 4.
  • Marketplace – SAND purchases, P2P sales, ASSETS minting with Gems & Catalysts.
  • SAND Public Listing — Binance IEO and listing on exchanges.
  • 4th quarter of 2020
    • Public Beta Games – Public Beta Launches the Game Platform, with dozens of games available to play (supported by Foundation)
    • Events – Launch of the First Season event with a game mechanic to earn money
    • Multiplayer – Exchange, chat and interact with friends in the centers of The Sandbox
    • LAND Public sale – Regular LANDS Sale and Game Maker Support
    • VoxEdit – Official Release 1.0
  • 2021:
    • Partnerships – New IP and premium NFT to be announced
    • Foundation – Launch of the DAO Foundation with SAND’s contribution to vote for the Management Creators Fund
    • Game Maker – Official 1.0 release and major updates with more game packs, Behavior and Visual Scripting
    • Game – Official 1.0 release and major updates
    • LAND Public sale – Regular LANDS sale will continue
    • Events – Extras with great rewards to earn
    • Multi-platforms – Game availability on smartphone and tablet devices
    • Multiplayer – The first user-generated game with multiplayer modes
    • SAND – Fixed mechanism for profit generation and management
  • 2022
    • Partnerships: New IPs and premium NFTs to be announced
    • Games Platform: More than 1,000 games available
    • Multi-platforms: Console game availability
    • LAND Public sale – LANDS sale will continue to be deployed regularly
    • Game Maker: create games with friends, Write custom scenarios, plus launch major updates with more game packs.
    • Events: Additional rewards for players to collect.

4. SAND – Token information

4.1. Key Metric

  • Token name: The Sandbox 
  • Key Metric SAND
  • Token Name: SAND Token.
  • Ticker: SAND.
  • Blockchain: Ethereum.
  • Contract: 0x3845badAde8e6dFF049820680d1F14bD3903a5d0
  • Token type: Utility.
  • Token Standard: ERC-20.
  • Total Supply: 3,000,000,000 SAND.
  • Circulating Supply: 885,439,937 SAND.

4.2. SAND Token’s allocation and payment schedule

  • Company Reserve: accounts for 25.82% of the total supply.
  • Team: accounts for 19% of the total supply.
  • Seed Sale: accounts for 17.18% of the total supply.
  • Foundation: 12% of total supply.
  • Binance Launchpad Sale: 12% of total supply.
  • Advisors: 10% of the total supply.
  • Strategic Sale: accounts for 4% of total supply.

token allocation sandbox

4.3. SAND Token utilities

SAND Token is a utility token in the Sandbox ecosystem, so SAND is used as the basis for transactions and interactions in the Sandbox ecosystem:

  • Management: SAND allows owners to participate in the governance decisions of the Sandbox ecosystem. SAND holders can vote themselves or delegate voting rights to other players of their choice.
  • Currency: Players can collect SAND through the game and then use the SAND to play games, buy equipment, or customize Avatar characters. SAND is like the main currency in the Sandbox ecosystem.
  • Staking: Users can use SAND to lock and earn rewards as SAND and Staking is the only way to receive Gems and Catalysts, which is necessary for Asset creation on SAND’s ecosystem.
  • Transaction Fees: Fee Model = 5% of all trading volume made with SAND Tokens on Sandbox Marketplace, this amount will be allocated 50% to Staker and 50% to Sandbox Ecosystem Development Fund .

4.4. Tokenomics of SAND TOKEN

By providing an ecosystem for in-game tokenized assets, the Sandbox ecosystem uses several different tokens for their games.. SAND is a functional ERC-20 network token. as “energy” for all transactions and tasks of the ecosystem. For example, the cost of SAND tokens to play games, purchase equipment, or customize your avatar. In the future, SAND will also act as a governance token, allowing its holders to have authority over changes to the ecosystem when The Sandbox DAO (decentralized autonomous organization) is established. create.

SAND can also be used to purchase ASSETS and LAND, pieces of digital real estate represented by the ERC-721 token, which is NFT. Players can use their LANDS, a 96×96 meter digital parcel of land, to house games and ASSETS. Only 166,464 lots of LAND will exist. When a player combines multiple LANDS into one property, it is called a Real Estate.

Finally, the SAND token can be used for stalking to get more SAND, as well as Gems and Catalysts – the other two tokens required to generate ASSET. The catalyst is an ERC-20 token that determines the “level” and scarcity of your ASSET. The tiers range from “common” to “legendary”, with regular ASSET being the least scarce and legendary ASSET being the most scarce. Gems are ERC-20 tokens and are burned upon use. In addition to being obtained through stalking by SAND, you can buy Gems from other players.

Sandbox pays Ethereum gas fees on behalf of players, making the user experience more seamless. In addition, 50% of the SAND token trading volume is allocated to the Sandbox Foundation, which supports the ecosystem by funding and promoting the platform.

4.5.  How to own SAND Token

  • Staking SAND to get SAND.
  • Participate in the sale of tokens on The Sandbox’s NFT Marketplace or on exchanges.

5. Backer

5.1. Team

The Sandbox team has assembled the right senior team to realize the team’s vision including: 42 research resources in 3 offices with 28 full-time employees in Argentina, 11 in France, 2 in Korea Quoc and 1 person in Japan.

The senior executive team includes:

  • Arthur Madrid: Co-founder and CEO at Pixowl, board member at Animoca Brands (a global developer leveraging popular brands, gamification, A.I, blockchain).
  • Sebastien Borget: Co-Founder and COO at Pixowl, former COO at Wixi Inc and 1-Click Media Networks, President of Blockchain Game Alliance.
  • Lucas Shrewsberry: CTO at Pixowl, technical lead at Gameloft.
doi ngu du an sandbox

Team Project of Sandbox

5.2. Investment funds and partners

With its growing potential in the market, The Sandbox has received more than 50 cooperation agreements from many big names in the field to jointly develop content on the platform. They are bright names like Shaun the Sheep, game studio dApps like Dapper Labs (Crypto Kitties), investors like Square Enix (Final Fantasy, Tomb Raider), and legendary game companies like ATARI (Rollercoaster Tycoon). , Pong).

6. Similar projects

Hiện tại trên thị trường cũng xuất hiện vài cái tên được cho là đối thủ cạnh tranh với The Sandbox khi cơ chế, mục tiêu hoạt động có nét tương đồng như:

Currently on the market there are also a few names that are said to be competitors to The Sandbox when the mechanism and operating goals are similar such as:

6.1. DeFi Land

DeFi Land is a multi-chain farming simulation web game created for the gamification of DeFi. The game will have all the features that traditional platforms have, but it will be gathered all in one place. DeFi Land gamifies DeFi by turning investments into games.

In DeFi Land, each asset represents a currency. For example, in the SOL demo are sunflower, USDC-Corn and COPE- Pumpkin. These assets will be used to perform operations similar to those offered by traditional DeFi as well as many more that the project is about to reveal.

6.2. My DeFi Pet

My DeFi Pet is a virtual reality game platform combined with a traditional pet theme. Collections or in-game items are personalized in the form of NFT, built on Blockchain technology and developed according to the Play to Earn model.

The pets that will be shared are Monsters. In the game, you have the task of nursing, feeding, growing plants to provide food and breeding for these pets.

7. Community

  • Website: https://www.sandbox.game/en/
  • Twitter: https://twitter.com/TheSandboxGame
  • Telegram Channel: https://t.me/sandboxgame
  • Telegram Sandbox VietNam: https://t.me/thesandboxgamevietnam

So, I have provided you with the latest information about Sandbox and SAND Token, I hope that after my article you will understand the information about the Sandbox project, what is the SAND Token. , issues addressed by the Sandbox along with the project’s released products and predictions about the future development of the SAND coin, and ultimately, this information has helped with questions and concerns of the project. friend.

Hope the above information will help you log in to Farm Me more easily. If you have any questions, comments, suggestions or project ideas, please email: [email protected].

Disclaimer: The information on this Website is provided as an overview of the market and does not constitute financial advice. GameAz encourages you to do more research before deciding to invest.

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