-
Bitcoin $94,092.2703
-0.29% - Ethereum
$1,799.1701
-0.39% - Tether USDt
$1.0003
-0.02% - XRP
$2.2315
1.42% - BNB
$601.0919
-1.03% - Solana
$149.1813
-0.03% - USDC
$1.0000
0.01% - Dogecoin
$0.1796
-1.12% - Cardano
$0.6979
-1.47% - TRON
$0.2491
-1.02% - Sui
$3.5910
3.48% - Chainlink
$14.5359
-2.27% - Avalanche
$21.7970
-0.90% - Stellar
$0.2830
-2.31% - UNUS SED LEO
$9.0082
-0.81% - Toncoin
$3.2314
-2.12% - Shiba Inu
$0.0...01348
-5.09% - Hedera
$0.1871
-2.69% - Bitcoin Cash
$351.4456
-2.28% - Litecoin
$86.3202
-1.04% - Polkadot
$4.0892
-4.60% - Hyperliquid
$17.8780
0.04% - Dai
$1.0001
0.00% - Bitget Token
$4.3692
-0.76% - Ethena USDe
$0.9995
-0.01% - Pi
$0.6305
-2.50% - Monero
$228.7745
-0.04% - Pepe
$0.0...08790
-3.92% - Uniswap
$5.5526
-4.49% - Aptos
$5.3721
-4.12%
When was SAND coin issued? Learn about the origin of SAND coin in one article
Originating from the need for a virtual economy within The Sandbox platform, the SAND coin emerged as the primary medium of exchange, empowering users to purchase assets and shape the platform's growth.
Oct 08, 2024 at 08:54 am
Sand Coin: Tracing its Origins
Background
- The Sandbox, a decentralized virtual platform for gaming, has its own native utility token called SAND.
History
- The SAND token was first issued through an Initial Coin Offering (ICO) on December 4, 2019, raising approximately $3.2 million.
- During the ICO, 80% of the total supply (1 billion SAND) was offered to the public, with the remaining 20% reserved for the development team and ecosystem growth.
- The token was listed on various cryptocurrency exchanges shortly after the ICO, allowing traders and investors to access it.
Origins
- The idea behind SAND coins originated from the desire to create a sustainable virtual economy within The Sandbox platform.
- The Sandbox is designed as a decentralized gaming platform where players can create, share, and monetize their own game experiences and assets.
- SAND coins serve as the primary medium of exchange within this virtual economy, enabling users to purchase land, game assets, and services within The Sandbox.
- By empowering users with the ability to own virtual assets and create their own experiences, SAND coins aim to foster a thriving community and drive the growth of the platform.
Conclusion
The SAND coin was issued on December 4, 2019, during an ICO that raised $3.2 million. The token played a crucial role in establishing the foundations of the decentralized virtual economy within The Sandbox platform, empowering users with the means to purchase land, game assets, and services, and foster community growth.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- If You Missed Solana's Explosive Breakout, There May Still Be Time to Catch the Next Big Opportunity—Lightchain AI
- 2025-04-28 01:20:13
- DungeonQuest
- 2025-04-28 01:20:13
- Bitcoin: the paradox of the discount and the voracious appetite of institutions
- 2025-04-28 01:15:12
- At $0.006695, Unstaked Could Outperform $0.2412 TRX and $0.57 ADA by 28x
- 2025-04-28 01:15:12
- Bitcoin (BTC) Price Cycle Theory Under Threat, Investors Could See The First Unique Cycle In Bitcoin's History
- 2025-04-28 01:10:13
- PEPE's 24% rally shows resilience. Despite a dip, the meme coin could break past $0.000010 in May. Is PEPE's growth momentum here to stay.
- 2025-04-28 01:10:13
Related knowledge
Why does the casting fee of NFT fluctuate so much?
Apr 27,2025 at 03:50pm
The casting fee, also known as the minting fee, of Non-Fungible Tokens (NFTs) can fluctuate significantly due to a variety of factors within the cryptocurrency ecosystem. Understanding these factors can help users navigate the often volatile landscape of NFT creation and trading. In this article, we will explore the reasons behind the fluctuations in NF...
What is the liquidity of NFT? Is it easy to transfer?
Apr 27,2025 at 09:00pm
The concept of liquidity in the context of Non-Fungible Tokens (NFTs) is a critical aspect that potential buyers and sellers must understand. Liquidity refers to how easily an asset can be bought or sold in the market without affecting its price. In the world of NFTs, liquidity is influenced by several factors, including the popularity of the NFT, the p...
How to avoid fraud in NFT transactions?
Apr 27,2025 at 03:35pm
In the world of cryptocurrencies, Non-Fungible Tokens (NFTs) have gained significant popularity due to their unique digital ownership features. However, with the rise in popularity, there has also been an increase in fraudulent activities related to NFT transactions. Understanding how to avoid fraud in NFT transactions is crucial for anyone involved in ...
How to create your own NFT? What steps are required?
Apr 27,2025 at 10:43pm
Creating your own Non-Fungible Token (NFT) can be an exciting journey into the world of digital assets. NFTs are unique digital items that can represent anything from art and music to virtual real estate and collectibles. To help you get started, this article will guide you through the necessary steps to create your own NFT. Let's dive in and explore th...
What is an NFT and how does it leverage blockchain to ensure uniqueness?
Apr 27,2025 at 09:49pm
An NFT, or Non-Fungible Token, is a unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content, typically stored on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are distinct and cannot be exchanged on a like-for-l...
How to display and trade NFTs from NFT airdrops?
Apr 18,2025 at 04:42am
How to Display and Trade NFTs from NFT Airdrops? NFT airdrops have become a popular way for projects to distribute their tokens and engage with their community. If you've received NFTs through an airdrop, you might be wondering how to display and trade them. This article will guide you through the process step-by-step, ensuring you can showcase your NFT...
Why does the casting fee of NFT fluctuate so much?
Apr 27,2025 at 03:50pm
The casting fee, also known as the minting fee, of Non-Fungible Tokens (NFTs) can fluctuate significantly due to a variety of factors within the cryptocurrency ecosystem. Understanding these factors can help users navigate the often volatile landscape of NFT creation and trading. In this article, we will explore the reasons behind the fluctuations in NF...
What is the liquidity of NFT? Is it easy to transfer?
Apr 27,2025 at 09:00pm
The concept of liquidity in the context of Non-Fungible Tokens (NFTs) is a critical aspect that potential buyers and sellers must understand. Liquidity refers to how easily an asset can be bought or sold in the market without affecting its price. In the world of NFTs, liquidity is influenced by several factors, including the popularity of the NFT, the p...
How to avoid fraud in NFT transactions?
Apr 27,2025 at 03:35pm
In the world of cryptocurrencies, Non-Fungible Tokens (NFTs) have gained significant popularity due to their unique digital ownership features. However, with the rise in popularity, there has also been an increase in fraudulent activities related to NFT transactions. Understanding how to avoid fraud in NFT transactions is crucial for anyone involved in ...
How to create your own NFT? What steps are required?
Apr 27,2025 at 10:43pm
Creating your own Non-Fungible Token (NFT) can be an exciting journey into the world of digital assets. NFTs are unique digital items that can represent anything from art and music to virtual real estate and collectibles. To help you get started, this article will guide you through the necessary steps to create your own NFT. Let's dive in and explore th...
What is an NFT and how does it leverage blockchain to ensure uniqueness?
Apr 27,2025 at 09:49pm
An NFT, or Non-Fungible Token, is a unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content, typically stored on a blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are distinct and cannot be exchanged on a like-for-l...
How to display and trade NFTs from NFT airdrops?
Apr 18,2025 at 04:42am
How to Display and Trade NFTs from NFT Airdrops? NFT airdrops have become a popular way for projects to distribute their tokens and engage with their community. If you've received NFTs through an airdrop, you might be wondering how to display and trade them. This article will guide you through the process step-by-step, ensuring you can showcase your NFT...
See all articles
