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What is the issuance and circulation of SAND coins?
The Sandbox (SAND), an ERC-20 token powering its metaverse platform, was initially issued in 2021 through various fundraising rounds, with a total issuance cap of 3 billion tokens.
Oct 08, 2024 at 08:12 am
1. Issuance of SAND Coins
- The Sandbox (SAND) is an Ethereum-based ERC-20 token that powers the Sandbox metaverse platform.
It was initially issued in 2021 through a series of fundraising rounds:
- Seed round: $2 million raised from seed investors such as Animoca Brands and IOSG.
- Private sale: $3.2 million raised from private investors and venture capital firms.
- Public sale: $3.4 million raised from the public through token distribution.
2. Circulation of SAND Coins
- The total issuance of SAND coins is capped at 3,000,000,000 (three billion).
- The current circulating supply, as of [insert date], is [insert number].
The allocation of SAND tokens is as follows:
- 17% to the team and advisors
- 15% to seed investors
- 31% to private investors and venture capital firms
- 12% to public sale participants
- 15% for platform rewards and incentives
- 10% for the foundation and treasury
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