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Sandbox Game Project Announces $ 3 Million Token Sale

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Sandbox Game Project Announces $ 3 Million Token Sale

Sandbox Game Project Announces $ 3 Million Token Sale
CONTENT

  • Binance Token Sale Platform Will Become Sandbox Token Sale

  • The sale of tokens will take place in a lottery format

  • You can buy plots of virtual land for tokens

International consortium of news organizations developing transparency standards.

The Sandbox gambling platform, which allows gamers to monetize their assets and their gaming experience within the blockchain, announces the sale of its own $ 3 million tokens on the Binance Launchpad platform.

Sandbox Game Project Announces $ 3 Million Token Sale

Selling tokens like a lottery

The token sale will be the next step for the company to raise funds after the last round of investments from Binance Labs. The Sandbox (SAND) token sale on Binance Launchpad will be in a lottery format and will begin on August 13 at 09:00 Moscow time. During the token sale, it is planned to raise $ 3 million.

The Sandbox team is the developer of a unique virtual world where players can create, own and monetize their gaming experience using the SAND platform utility token and NFT tokens. SAND owners will also be able to participate in platform governance decisions through DAO (Decentralized Anonymous Organization) mechanisms, where they will have a say on key decisions within the Sandbox ecosystem.

“Imagine a gaming world where everything you create and earn is truly yours – you can gift, sell, and do whatever you want with your content without any problems. This has indeed become possible in the gaming metaverse The Sandbox. The community, gamers and virtual real estate owners have a real opportunity to own and manage their own in-game content, which was created by them using NFT tokens, ”said Sebastien Borget, CEO and co-founder of The Sandbox.

Arthur Madrid, CEO and Co-Founder of The Sandbox, added: “Our strategic partnership with Binance and the entire ecosystem is a giant step towards bringing more than 2.7 billion gamers to The Sandbox platform, as well as mass adoption and promotion of blockchain games. . “

The Sandbox platform has over 50 signed partnerships with well-known gaming companies, including Atari, CryptoKitties and Shaun the Sheep. Binance has also decided to support the project, and The Sandbox has raised investment from the investment arm of Binance Labs.

“The potential of blockchain and cryptocurrencies extends far beyond the financial sector. Given the willingness of the gaming industry to constantly evolve, especially when it comes to introducing new technologies, blockchain is already becoming an integral part of game development, and it will soon be able to change the global gaming industry. We are delighted to welcome The Sandbox to the Binance ecosystem. We hope that together we can demonstrate the power of blockchain as a leading technology in the gaming industry, ”said Binance CEO Changpeng Zhao (CZ).

The gaming industry is about innovation, and new technologies become drivers for new models of monetization, security and user engagement. The Sandbox is a great example of a groundbreaking project that aims to bridge the gap between blockchain technology and traditional gaming..

Sandbox Game Project Announces $ 3 Million Token Sale

LAND tokens allow you to buy virtual lands

Earlier, BeInCrypto reported that the first sale of territories in the LAND space took place at the end of 2019, and in February of this year, the developers sold land plots for the second time. Within a few days of the second presale, 6,192 blocks of virtual space were sold for a total of 800 ETH or more than $ 200,000. Among the buyers are both ordinary gamers and large gaming companies – CryptoKitties, My Crypto Heroes, Old Skull Games, as well as Dapp.com , a website dedicated to ranking and analyzing decentralized applications.

In total, there are 166,464 LAND blocks on the platform, which means that about 5% of the available space has already been sold on two presales. The success of the development was commented on by the co-founder and COO of The Sandbox Games, Sebastian Borget. In particular, he thanked everyone for participating and urged gamers to create their own virtual world on the blockchain together with Sandbox..

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