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

Tokenomics of The Sandbox Ecosystem

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Last updated 3 years ago

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By providing an ecosystem for tokenized assets in gaming, The Sandbox ecosystem makes use of several different tokens. SAND is an that powers all of the ecosystem’s transactions and interactions. For example, it costs SAND tokens to play games, purchase equipment, or customize your avatar. In the future, SAND will also serve as a governance token, allowing its holders to have input on changes to the ecosystem when The Sandbox DAO () is established.

SAND can also be used to purchase ASSETS and LANDS, digital pieces of real estate which are represented by , which are NFTs. Players can use their LANDS, a 96x96 meter digital plot, to house games and ASSETS. Only 166,464 LAND plots will ever exist. When a player combines multiple LANDS into one property, it is called an Estate.

Finally, SAND tokens can be staked to acquire more SAND, as well as Gems and Catalysts — two further types of tokens which are required for ASSET creation. Catalysts are ERC-20 tokens that define the “tier” and scarcity of your ASSETS. Tiers range from “common” to “legendary,” with common ASSETS being the least scarce and legendary ASSETS being the most scarce. Gems are ERC-20 tokens and are burned when used. In addition to being acquired via the staking of SAND, Gems can be purchased from other players.

The Sandbox pays for Ethereum on behalf of players, making the user experience more seamless. Additionally, 50% of the SAND token transaction volume is allotted to The Sandbox Foundation, which supports the ecosystem by funding grants and promoting the platform.

🎮
ERC-20 token
decentralized autonomous organization
ERC-721 tokens
gas fees