Sandbox
Name
Sandbox
Summary
-The Sandbox is a virtual environment where gamers can create, own, and monetize their gaming experiences.
-It was founded by Arthur Madrid and Sebastien Borget in 2011
-The SAND is an ERC-20 utility token that may be used for staking, governance, and value transfers.
Rating
Symbol
SAND
Overview
The Sandbox is a game-like blockchain-based virtual environment that allows users to create, build, purchase, and sell digital goods. The Sandbox creates a decentralized platform for a healthy gaming community by combining the powers of decentralized autonomous organizations (DAO) with non-fungible tokens (NFTs).
According to the official whitepaper, Sandbox's main objective is to incorporate blockchain technology into popular gaming platforms. The project aims to promote a creative "play-to-earn" approach that simultaneously allows users to be producers and gamers. The Sandbox uses blockchain technology by creating the SAND utility token, which helps with platform transactions.
Historical Price Movement (in INR)
Technology
The proof-of-stake (PoS) consensus method secures the Sandbox virtual world, constructed on top of the Ethereum blockchain. The SAND cryptocurrency is an ERC-20 standard token, implying its owners can stake it and get staking rewards.
As it’s an ERC 20 token, the programming language used is Solidity.
Unlike the Bitcoin blockchain's proof-of-work (PoW) consensus process, PoS does not require the massive electrical or computational capacity to Byzantinevalidate transactions. It is reliant on SAND token holders with the most significant holdings. While assuring the security of staked funds, the PoS consensus process enables many applications.
Binance Launchpad Sale
12%
Seed Sale
17%
Strategic Sale
4%
Foundation
12%
Team
19%
Advisors
10%
Company Reserve
25.82%
Volume (27th March 2022)
$370,698,634
Total Supply
3000000000
Circulating supply
1.14B SAND
Crowd Sales
The Sandbox has raised $95 million in four rounds of investment. Their most recent fundraising round was a Venture-Series Unknown round on December 9, 2021.
Funding
09/12/2021:Venture Round-Na
02/11/2021:Series B-$93M
19/03/2020:Venture Round-$2M
17/01/2020:Series A-NA
Country
Malta
Name of Organization
TSB Gaming Ltd.
Year Incorporated
2018
Registered Address
GROUND FLOOR, PALACE COURT, CHURCH STREET, ST. JULIANS, Malta
Dispute Resolution and Governing Law
Malta
Country Risk Assessment
B2
Founding Team
| Name | Designation | Education | Experience |
| Arthur Madrid | Co-Founder and CEO | Université Paris Dauphine - PSL: Master, Economics | 21 yrs |
| BORGET Sebastien | Co-Founder and COO | Télécom SudParis: Bachelor of Science (B.S.), Computer Systems Networking and TelecommunicationsThe Chinese University of Hong Kong: Master’s Degree, Computer Systems Networking and Telecommunications | 17 Yrs |
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Whitepaper 
