BlockchainSpace - Guild Hub of the Metaverse
  • 🚀| BlockchainSpace
    • Introducing BlockchainSpace
    • BlockchainSpace Tools
  • 🏰| $GUILD
    • $GUILD
    • $GUILD Token Details
    • $GUILD Tokenomics
    • Token Vesting Schedule
    • Wallet Addresses - Multisigs
    • Investors and Partners
  • ⚒️| BlockchainSpace Tooling
    • BlockchainSpace Tooling
    • Discord Cash Game
    • Guild Discord Bot
      • How to install GUILD BOT
      • Guild Bot Commands
    • Kaizen
      • Sign up and Log In
      • Dashboard Overview
      • Calculator
      • Wallet
      • Scholars
      • Payouts
      • Preferences
      • Guild Profile and Security
    • Kozo
    • Guild Data Feed
      • Guild Data Feed API v1.0.0
      • Guild Data Feed API v2.0.0
  • 🎮| ACADEMIES
    • BlockchainSpace Axie Academy
      • About Axie Academy
        • Start an Axie Scholarship
          • Getting Started
            • Scholarship Rules
          • Onboarding
            • 📋Scholar Details Form
            • ⚙️ Setup Axie Accounts
              • Ronin
                • Step 1: Extension
                • Step 2: Create or Import
                  • Step 2.1: Create Wallet
                  • Step 2.2: Import Wallet
                • Step 3: Seed Phrase | Private Key
                • Step 4: Add Account
                • Step 5: Account Name
                • Step 6: Ronin Wallet
              • MetaMask
                • Step 1: Extension
                • Step 2: Create Or Import
                  • Step 2.1: Import Wallet
                  • Step 2.2: Create Wallet
                • Step 3: Seed Phrase | Private Key
                • Step 4: Add Account
                • Step 5: Account Name
                • Step 6: MetaMask Wallet
              • Axie Infinity Account
                • Step 1: Login with Ronin Wallet
                • Step 2: Signature Request with Ronin Wallet
                • Step 3: In-Game Name
                • Step 4: Set Up Email & Password
                • Step 5: Attach MetaMask
                • Step 6: Connect MetaMask
                • Step 7: Confirm Account
                • Step 8: Signature Request with MetaMask
                • Step 9: Congratulations
          • SLP Tracking
          • Community Management
        • FAQs
          • How To Earn Smooth Love Potion?
            • Daily quest
            • Adventure
            • Arena
          • How much can you earn in playing Axie Infinity?
          • How to apply as an Axie Scholar?
          • How to become a Manager in Axie Infinity?
          • Why is Axie Infinity game so popular?
          • What are the pros and cons of Axie Infinity?
          • Axie Infinity’s Rapid Ascent
          • How Axie Infinity became a living for some players?
      • 🔧Axie Tools
        • 📋Scholar Earnings Dashboards
        • 🤖| Discord Info Bots
      • Axie Infinity
        • Axie Population & Long-term Sustainability
        • How does it work?
        • Playing Axie Infinity
          • 💡What's an Axie
            • Stats
            • Body Parts
            • Classes
          • 🏆Battle Mechanics
          • Buffs & Debuffs
        • How do I get started playing Axie Infinity?
          • Application Download
        • How to choose my first Axie Team?
        • Game Loops and Systems Overview
        • What are AXS and SLP?
        • You need to know
        • Is playing Axie Infinity about skill or luck?
    • BlockchainSpace Sandbox Academy
      • Preface
        • Important tool needed
        • Sandbox Academy Scholarship
        • Community Management
        • PINASining - Voxedit Contests
          • 1st PINASining Voxel Art Entries
          • PINASining The Sandbox Mini Series
            • Sandbox Mini Series Entries
        • LAND
        • Tokenomics of The Sandbox Ecosystem
        • FAQs
          • Can we create an asset and earn using a mobile phone?
          • How to become an Axie Scholar in Sandbox Academy?
          • What makes The Sandbox Game Fun?
          • What is $SAND used for?
          • What can I do with the Land?
          • Can I earn $SAND from playing games?
          • Is Investing in The Sandbox a Good Idea?
      • The Sandbox
        • Create an asset
          • How to create an account on The Sandbox
          • Create your asset
          • Create an Asset Tutorial Video
        • Mobile Phone Applications
        • Create a game on Sandbox Land
        • ASSETs
          • What is ASSETs
          • About ERC-1155
          • Rights, ownership & copyright of ASSETs
        • VoxEdit
          • 📋Tutorials
        • LAND
          • 💡What is LAND
          • How to buy LAND
        • FAQs
          • ASSET questions
          • How Do Sandbox Artist Generate Revenue?
          • What is a SandBox Game?
          • How to Apply as an artist in the sandbox?
          • What is the Sandbox Game Maker?
    • Tournaments and Esports
  • 📈| FUTURE OPERATIONS
    • Games
    • Roadmap
  • 👥| COMMUNITY
    • Website
    • Facebook
    • Twitter
    • Discord
    • Medium
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On this page
  • Medium of exchange
  • Contests
  • Selling your ASSETs
  • Staking
  • Playing (some) games
  • Foundation Fund & Staking Pool

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  1. | ACADEMIES
  2. BlockchainSpace Sandbox Academy
  3. Preface
  4. FAQs

What is $SAND used for?

Take a look at all the exciting things $SAND can be used for.

$SAND can be used for several exciting things:

Medium of exchange

$SAND is the medium of exchange in The Sandbox's ecosystem. It will be necessary for making purchases from The Sandbox's marketplace. It will be required to purchase:

  • LAND

  • ASSETs

  • GEMs and CATALYSTs

  • Avatar customizations

Contests

Some game designers may choose to give $SAND away as a reward in contests hosted on their LAND.

Selling your ASSETs

Voxel artists will need $SAND in order to upload their voxel creations to The Sandbox's marketplace to sell in order to monetize them.

Staking

$SAND is also used for staking onto LAND. In return, stakers will earn rewards, such as highly coveted GEMs.

$SAND can also be staked into a liquidity mining pool for rewards too.

Playing (some) games

Some games on The Sandbox's platform will be free to play (F2P). But not all of them. The game designer may choose at their own discretion to charge players a small amount of $SAND in order to play their games

Foundation Fund & Staking Pool

From all $SAND transactions, a 5% transaction fee is applied. 50% of this fee is allocated to the Foundation Fund and the other 50% is allocated to the Staking Pool.

The Foundation Fund supports the ecosystem and allows us to offer grants to incentivise artists and designers to produce high quality games and ASSETs. The Staking Pool contains the rewards for token holders who choose to stake.

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Last updated 3 years ago

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