What is Sandbox?

SAND is a popular altcoin among crypto investors. However, before you Trade SAND , it is vital that you understand what you are investing in.

The Sandbox, launched in 2011, is a blockchain-based virtual environment where players may make their games and then sell or trade the digital goods they have made. The Sandbox provides a decentralized platform for a healthy gaming community by combining the capabilities of decentralized autonomous organizations (DAO) with non-fungible tokens (NFTs).

As stated in the project's official whitepaper, Sandbox's primary goal is successfully implementing blockchain technology in commercial gaming. The platform is designed to encourage users to engage in a creative play-to-earn approach that combines their interests in making content and playing games. By introducing the SAND utility token, which can be used to conduct transactions on the Sandbox, the platform takes advantage of the benefits of blockchain technology.

The innovative game was built with the P2E (Play-to-Earn) business concept in mind. Players can participate in the game economy, donate digital assets, and reap the rewards of the virtual economy (cryptocurrencies and NFTs). As a result, gamers are always making new and useful products to sell in the economy. The game allows players to mold the cosmos using NFTs and unlocks the imaginations of players from around the world.

Combining Decentralized Autonomous Organizations (DAO) with non-fungible currencies, the Sandbox is developing a distributed digital platform for the expanding gaming community (NFTs). Users can take on the dual roles of creator and participant in this world

How is the Sandbox different?

The Sandbox is revolutionary because it is the first platform to bring blockchain technology to the game industry. In 2011, Pixowl saw the gaming sector as a massive untapped area for implementing blockchain technology. The Sandbox intends to disrupt the industry by providing a setting in which players may generate and amass blockchain-based assets. It carves out its own special section of the video game industry worldwide.

The Sandbox fosters an active metaverse of users who contribute to the platform's growth through their own creations by emphasizing UGC. Moreover, the Sandbox encourages decentralized governance by introducing the SAND token and enabling people to voice their opinions on the project's progress. As blockchain development advances, decentralized governance is becoming an absolute necessity.

As it launched, the startup received praise and backing from prominent figures in the gaming industry. Names like Atari, Helix, and CryptoKitties are among them.

How many SAND tokens are there?

The maximum number of SAND tokens is limited to 3 billion

The firm reserved about 25.82% of the token supply. Additionally, 17.18% was set aside for the token's initial public offering (ICO). The founders and early employees acquired roughly 31% of the entire token supply. About 12% were reserved for a Binance Launchpad Sale and 10% were allocated as prizes to the project's advisers.

Network Security

Sandbox uses the proof-of-stake (PoS) consensus mechanism to ensure the integrity of its Ethereum-based blockchain foundation. The SAND token is an ERC-20 token, making it eligible for staking and the associated incentives.

Compared to the proof-of-work (PoW) consensus process used by the Bitcoin blockchain, proof-of-stake (PoS) does not necessitate very powerful hardware or networks to verify transactions. It is dependent on stakeholders who have the most SAND tokens. In addition to protecting staked assets, the flexibility of the PoS consensus method makes it suitable for a wide range of use cases.

Founders

Arthur Madrid is the co-founder and current CEO of Pixowl and is also a major influence behind The Sandbox. In 2000, he earned a degree in economics from the Université Paris Dauphine. After starting off as a consultant with Eurogroup Consulting France, Madrid eventually discovered his passion for business ownership. He started the company that would become Ipercast's 1-Click Media in the year 2001.

Sebastien Borget is a co-founder of Pixowl and the company's COO. After attending Institut national des Télécommunications, he earned a computer systems networking and telecommunications degree in 2007. In the business world, he first worked as a project manager for 1-Click Media, and since then, he has been a partner in business with Sebastien Borget. They began working together in 2011 when they launched Pixowl.

Where can you buy SAND?

SAND is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges.

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