On 28th September 2020, our team had a Live AMA session with Sebastien Borget COO & Co-founder & Aminata Cisse community manager of Sandbox.
We thank you for all the interest and those wonderful questions. We’ve summarized it for others to read for those who’ve missed it.
Q1: What is the utility of $SAND tokens? What can I do on the platform with $SAND?
Answer: $SAND will enable players to create, play, own, govern, trade and earn within The Sandbox virtual world gaming platform. It is the ERC-20 token that will be used all across The Sandbox metaverse.
$SAND tokens have the following utility on The Sandbox platform
1/ Medium of exchange: Players can potentially collect SAND through gameplay, and subsequently spend $SAND to play games, purchase equipment, or customize Avatar characters. Creators can spend SAND to acquire ASSETS and LAND. Artists can spend SAND to upload ASSETS to the Marketplace and buy GEMs for defining item rarity.
2/ Governance: $SAND allows holders to participate in governance decisions. SAND owners can vote themselves or delegate voting rights to other players of their choice.
3/ Staking: Users can stake $SAND tokens to earn rewards, as well as GEMs and CATALYSTs for ASSETS creation.
Q2: Can you explain what is LAND?
Answer: LAND is a non-fungible (ERC-721) #NFT that represents a digital piece of real estate in The Sandbox metaverse. There is a limited number of LANDS, 166,464 in total, each with a unique location.
Players can own, create and publish game experiences on their LAND. The game can be accessed through a virtual map where the locations of LANDs and proximity to larger Estates and key positions will play a role in the gameplay, economy and visibility of games.
LAND will have the capability to be rented out to other players, and owners can invite other creators into their LAND to help create an experience collaboratively.
Q3: What have LAND milestone achieved so far?
Answer: We’ve sold for more than $1,750,000 worth of #NFTs, our LANDS (ERC-721) over 4 presales, some of them finishing within minutes to a few hours with high demand. 60 Major partners who also hold LAND. Award-winning game companies such as Atari, top decentralized games such as Crypto Kitties, major brands such as Shaun the Sheep to build a fun, creative “play-to-earn” Gaming platform, owned and made by players. Care Bear as well.
Q4: Any working products or demo that sandbox already launching and how do you improve it in upcoming futures?
Answer: You can already download both our 3D editor software VoxEdit (voxedit.io) and our game building tool Game Maker
Q5: Could you please tell us, How $SAND to increase the value, liquidity and utility of the token. So that it can result in a natural increase in the price of the token?
Answer: We are creating an appealing gaming metaverse that aims at attracting all types of people: young & old players, casual & pro gamers, newbie creators & professional artists.
We expect that the overall valuation of the metaverse will be growing through the valuation of all games funded by the Foundation, creating a virtuous circle that enables funding bigger games. As bigger and higher quality games are produced and published on the platform, more players will come and participate within the economy of The Sandbox Ecosystem.
We have 15 games already being made by indies and game studios.
SAND Tokens capture value through the growing demand by the 4 categories of users
- Players spend SAND in order to play games and to buy equipments or customization of their Avatar character
- Creators spend SAND to acquire ASSETs, LANDs and through Staking for various benefits
- LAND Sales drive high demand for SAND to purchase the LANDs, from the launch onwards
- Artists spend SAND to upload ASSETs to the Marketplace and buy Gems for defining Rarity and Scarcity.
Q6: Tell us about your plans for 2020, what are you currently working on, and are you going to expand the list of big exchanges?
Answer: You can access the project Roadmap here: https://www.sandbox.game/en/roadmap/
We are aiming to become one of the leading established key players in the space of virtual worlds with blockchain-based digital LANDS, reaching over 1,000,000 MAUs over the next five years. To achieve this, we will be working on:
Next 6 months:
- Game Maker — Official Release 1.0 and major updates with more gaming packages, Behaviors and Visual Scripting
- Partnerships — New IPs and Premium NFTs to be announced
- Foundation — Launch of the Foundation DAO with SAND staking for voting on Creators Fund management
Next 1 year:
Multi-platforms — Availability of Game on smartphones and tablets devices
Multiplayer — First user-generated games with multiplayer modes
Q7: Sandbox is kinda similar to Decentraland & CryptoKitties where we can also buy Lands, In-Games Assets like Characters, Objects..etc. So, What are the special features SandBox offers as compare to Decentraland?
Answer: The Sandbox is a pioneer in the space of blockchain gaming, NFTs and true digital ownership — we have been really pushing forward the industry and awareness in general.
We think it is great to have many decentralized virtual worlds and even we share similarities, each one has its own specificities., such as Decentraland, CryptoVoxels, SomniumSpace etc
Our main difference is our focus and experience in GAMING
The Sandbox is more focused on building a gaming virtual world, where players can socialize in lobbies or play adventure/mmo rpg like type of games, with quests, fights, killing enemies, collecting items and rewards etc
Q8: How well establish is the Sandbox?
We have been for 8 years already in the video game industry! The Sandbox project has been around since 2012 on mobile platforms and has gathered more than 40 million global installs on mobile. Also, NFTs allow interoperability and users have the ability to use their NFTs across these multiple platforms. This is the beauty of the metaverse
Q9: Please describe Sandbox real case usage in a nutshell.
Answer: If I may summarize The Sandbox, it would be
- Make NFTs with VoxEdit #Voxels
- Sell and Trade them on our #Marketplace
- Create fun games with our #GameMaker
- Play, Stake & Earn $SAND #Crypto
Q10: What’s the SAND token circulation right now?
Answer: You can check the CMC to have the full current circulation. You can also check the Binance Research paper for all the details regarding our Token Release Schedule.
https://research.binance.com/en/projects/the-sandbox
Q11: Where can I get $SAND token?
Answer: You can currently purchase $SAND on Binance, Uniswap, WazirX, Crypto.com, Poloniex and UPbit
Q12: When will we be able to buy LAND again? Can LAND we own be sold to other users inside of the game or only in OpenSea?
Answer: Our next round of LAND presale will happen soon and we’ll announce it on our main channel so make sure to follow us there https://t.me/sandboxgame In the meantime you can purchase LAND from individuals on OpenSea
Q13: What tools does Sandbox offer to developers of new game maker?
The beauty of The Sandbox is how accessible it is. You don’t need any programming knowledge to make games with our Game Maker. it all comes out of the box so you can create fun and engaging game experiences with just drag and drop. Making a game that is fun, visually appealing and has good mechanics so you want to stay and keep playing it for a long time is our priority. Players will not come for the technology, but for the fun and the experience. Then they can benefit from the advantages offered by our decentralized model, collecting tokens, earning rewards and being able to trade game items, their creations, lands etc
Q14: Many new projects made a good impression at first but were suddenly abandoned. How will you manage the project and token to gain a place in the market and become a best token in the blockchain world?
Answer: Yes, this is why we always recommend to do your own research. DYOR. The Sandbox project has been around since 2012 on mobile platforms and has gathered more than 40 million global installs on mobile. We’ve been working since July 2018 (2 years ago) on the new version of the game, 3D, multiplayer, multi-platform and using blockchain technology to offer a virtual world built on the Ethereum blockchain, where players can build, own, and monetize their gaming experiences. We’ve raised $4.5M USD from reputable investors on our Seed Round, including from Hashed (#1 cryptofund in Korea, True Global Ventures and Square Enix the video game company)
We went through Binance Launchpad and Binance is not only an Investor but also our #1 LAND owners https://www.binance.com/en/blog/421499824684900959/Game-On-Buying-Digital-LAND-NFTs-in-The-Sandbox?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
Q15: Why any players play SandBox Pixel games when there are Ultra HD Graphics games are available in Market? Also, what’s the Logic of Making Game on Blockchain? What Problems are in Current Games which are not on Blockchain?
Answer: We think there is an audience for both. Some gamers went ultra HD graphics. Some other like more the mechanics (building games, socializing) , like Minecraft style. Our graphic style in voxels is good and will not have issue aging.
Q16: In crypto Market, many project’s were Dead & some project’s Core Team members left projects, which impact negative effect on crypto projects! So, How we can trust SAND token?
What make you not scam & long term working project?
Answer: Don’t trust SAND, trust the community who is actively engaged with it — already creating games and content DYOR :)
Q17: Why do you IEO a big token amount:360,000,000 SAND?Are you afraid of SAND will be sold-off when it’s listed on Binance?
Answer: The current circulating supply of SAND tokens is approx 18% of Tokens
Q18: I read that ERC-20 is used for SAND tokens and ERC-721 is used for land trading. Why are different standards used and what is their advantage?
Answer: The Sandbox is also using ERC-1155 standard, which we have co-developed with Enjin and Horizon Games. It’s more efficient for transferring and minting Game Items with scarcity higher than 1.
Q19: How are you planning on onboarding your existing gamer base from previous creations (example The Sandbox Evolution) with the blockchain gaming? Is in the immediate plans of the project to attract people outside the crypto ecosystem by providing an easy and user-friendly to play without needing prior experience with the blockchain?
Answer: Our goal within the next 5 years is that $SANd will be owned 100% by players, and us as the platform we will continue developing services for the community, while owning 0%. Governance will progressively remove the Control from our Company towards the community based on token holding. The Community of $SAND holders will be able to participate to Governance decisions of the platform, using a DAO structure, where they can exercise voting rights on key elements.
In Year 1 (2021), we plan to achieve a significant growth during the 1st year post game launch bringing artists & players into the platform, with no awareness of tokens. We will supply an initial high-level of issuance to early adopters, key partnerships with gaming companies and renowned brands through the Creators Fund and through staking rewards to token holders
Q20: Is it possible to use your land as a gallery with your creations and is it possible to showcase your NFTs like gifs here?
Answer: This is a great question! yes we are planning to make it possible indeed to display your Creations (made with VoxEdit) in your world but don’t forget our primary focus — it’s GAMING — so we want to offer more than what you can already do in Decentraland or CryptoVoxels. We want to let you GIVE LIFE to your NFTs, not just display 2D images and play with them.
Q21: What is your background and how did you come to the idea to create Sandbox project?
Answer: Our team has over 10 years of experience in gaming and UGC. That’s one of our strengths and expertise. We had some good success with The Sandbox on mobile, 40M installs, 70M creations but we also understood the limits of being on centralized stores.
Q22: How can you earn $SAND by creating and playing?
Answer:
-Selling ASSETS: Users can create and sell ASSETS as NFTs on the marketplace
- Owning a LAND: Buy a LAND in one of the LAND sales. Players can then either rent them or populate them with content to increase the LAND’s value.
- Building Games on the Game Maker: Creators can build and monetize games using the Game Maker on the LANDs that are owned by players.
- Playing and participating in the game: In the Game, not only can creators profit from their creations, players can play-to-earn by collecting resources, rewards, and tokens.
