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What is the issue volume of SAND coin? One article to introduce the application scenarios of SAND coin
The Sandbox (SAND) boasts a circulating supply of 1,292,244,152 tokens, with a maximum supply capped at 3,000,000,000.
Oct 01, 2024 at 07:48 pm
What is the Issue Volume of SAND Coin?
The Sandbox (SAND) is an Ethereum-based blockchain game that allows players to design, build, and monetize their own virtual worlds. SAND is the native utility token of The Sandbox and is used to purchase LANDs (virtual parcels of land), create and sell assets, and participate in governance.
As of July 25, 2022, the circulating supply of SAND is 1,292,244,152 tokens. The maximum supply of SAND is capped at 3,000,000,000 tokens.
Application Scenarios of SAND Coin
SAND can be used in various ways within The Sandbox ecosystem, including:
- Purchasing LANDs: LANDs are virtual parcels of land within The Sandbox, where players can build and create their own experiences. SAND is used to purchase and trade LANDs.
- Creating and selling assets: Players can create and sell their own NFTs (non-fungible tokens) within The Sandbox, representing virtual items, buildings, characters, and more. SAND can be used to purchase and trade these assets.
- Participating in governance: SAND holders can participate in The Sandbox's decentralized autonomous organization (DAO) and vote on proposals that affect the game's development and direction.
Additionally, SAND can also be used in the following scenarios:
- Staking: SAND can be staked to earn rewards in the form of SAND tokens or other in-game rewards.
- In-game currency: SAND can be used to purchase various items and services within The Sandbox, such as resources, buildings, and equipment.
- Referral program: Users can earn SAND by referring new players to The Sandbox.
By implementing these various use cases, The Sandbox aims to create a vibrant and sustainable ecosystem where players can create, trade, and monetize their own virtual experiences.
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