August 2020 at 7:00 a.m., Binance will start recording users’ BNB balances to prepare for the next IEO sale on Binance Launchpad, the The sandpit (SAND), with lottery format. Let’s find out more about this project as well as information about IEO on Binance!
Sandbox is a virtual world in which users can build, own and monetize their gaming experience on the Ethereum blockchain with the native token SAND. Players can generate tokens as non-fungible tokens (NFTs) and integrate them into games with Game Maker.
The Sandbox Foundation will support the Sandbox Project ecosystem and provide grants to incentivize users to produce high quality content and more games on the platform. At press time, the foundation has funded more than 15 game projects and 100 users to produce NFT tokens.
The sandbox platform consists of three products that integrate and offer a comprehensive experience for the production of user-generated content (UGC).
VoxEdit is a 3D voxel modeling package that allows users to create and design motions for 3D objects such as people, animals, objects, etc.
Sandbox Marketplace enables users to upload, publish and sell asset classes (ASSETS) created in VoxEdit. ASSETS are first uploaded to the InterPlanetary File System (IPFS) network and then registered on the Ethereum blockchain as proof of ownership. ASSETS can be bought and sold when their owners put them up in the marketplace.
Sandbox Game Maker allows players to create 3D games for free. With the help of tools in the network that do not have complex knowledge of coding, blockchain, etc.
SAND is a native token on the sandbox platform that is used for network operations.
Specifically, SAND has the following use cases:
The sandbox development team has used approximately 65% of the funds raised according to the following allocation:
The sandbox holds all of its funds in cryptocurrency, stablecoin, and fiat. If they want to use the funds, they need the approval of at least two of the three project managers.
Users can claim up to 10 lottery tickets based on their average daily BNB inventory (represented by X below) during the period of 7 days up to the date they were received.
For example, 50 ≤ X <100 means that your average BNB credit over the entire specified period is 50 BNB or more, but not more than 100 BNB.
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