Understand the issuance price and total issuance of SAND coins in one article

The Sandbox (SAND) coins were initially issued at a price of $0.008 during their public sale on August 13, 2020, and have a total issuance of 3 billion coins.

Oct 07, 2024 at 02:42 am

Understanding SAND Coin's Issuance Details

1. Issuance Price

The Sandbox (SAND) tokens were initially issued at a price of $0.008 during their public sale on August 13, 2020.

2. Total Issuance

The total issuance of SAND coins is 3,000,000,000. This includes:

• Public Sale: 1,200,000,000 SAND
• Team and Advisors: 440,000,000 SAND
• Community Development: 140,000,000 SAND
• Seed and Private Sale: 200,000,000 SAND
• Ecosystem Fund: 800,000,000 SAND
• Company Reserve: 220,000,000 SAND

3. Token Distribution

The following table shows the distribution of SAND tokens:

Category	Percentage	Tokens
Public Sale	40%	1,200,000,000
Team and Advisors	14.67%	440,000,000
Community Development	4.67%	140,000,000
Seed and Private Sale	6.67%	200,000,000
Ecosystem Fund	26.67%	800,000,000
Company Reserve	7.33%	220,000,000

4. Token Release Schedule

The SAND tokens have a phased release schedule:

• Public Sale Token Unlock: 25% unlocked at TGE (Token Generation Event), with the remaining 75% released on a vesting schedule over the next 4 years.
• Team and Advisors Tokens Unlock: 5% unlocked at TGE, with the remaining 95% released on a vesting schedule over the next 4 years.
• Community Development Tokens Unlock: 10% unlocked at TGE, with the remaining 90% released on a vesting schedule over the next 4 years.
• Seed and Private Sale Tokens Unlock: 10% unlocked at TGE, with the remaining 90% released on a vesting schedule over the next 4 years.
• Ecosystem Fund Tokens: Released gradually over 4 years to support the growth of the SAND ecosystem.
• Company Reserve Tokens: Held by the team for company operations and long-term development.