$SAND is the native utility token of The Sandbox, a blockchain-based virtual world and gaming platform where users can create, own, and monetize their experiences. Here's a clear breakdown:
What is SAND?
Platform: The Sandbox (a metaverse platform built on Ethereum)
Token Type: ERC-20
Use Cases:
Medium of exchange: Used to buy LAND, assets, and services in the Sandbox ecosystem.
Staking: Users can stake SAND to earn rewards and participate in governance.
Governance: Holders can vote on decisions about the platform via a DAO (Decentralized Autonomous Organization).
Creator Economy: Artists and game creators can earn SAND by selling their NFTs or games.
Summary
SAND powers the virtual economy of The Sandbox, connecting creators, players, and investors in a decentralized metaverse.
