TSB Gaming has partnered with cryptocurrency exchange Binance to launch the native SAND token for the upcoming virtual world The Sandbox. The token will be available for sale on the Binance Launchpad platform. Exchange users who have the BNB token in their portfolio are able to join in the lottery.
Binance announced that they will measure the average holding of BNB over a period of 7 days. Only 15 thousand people will be able to buy the SAND token. Investors can buy 200 dollars or 24 thousand SAND per ticket, and the number of tickets they get depend on their BNB holdings. In total there will be 360 million SAND for sale through Binance Launchpad. This means that one SAND is 0.008333 US dollar.
For TSB Gaming this is a perfect way to determine market value for their SAND token. Obviously value can decrease and increase over time, but nonetheless it sets a tone for the investment aspect of the virtual world.
The token has a total supply of 3 billion dollars and can also be earned through in-game activities. When The Sandbox launches, hopefully by the end of this year, users will be able to use to token for all kinds of in-world purchases. They can play games, buy items, order actual products through in-game web shops and so on.
Besides the SAND token, The Sandbox has more investment opportunities. Gamers, designers, development studios, shop owners and other people can be a landowner inside The Sandbox. The first round of the final land pre-sale started yesterday. There are only a handful of land parcels left. When the next round will happen, is not yet known. However, game designers and creatives can register for future land sales here.
What is The Sandbox?
The Sandbox is one of the blockchain-powered virtual worlds currently in development. The beta test will launch later this year, but before that time there will be one more pre-sale. During this pre-sale gamers, businesses and investors can buy virtual land with a discount. You can register now to make sure you’re not missing out.
The virtual world of The Sandbox consists out of lands, and voxels fill up each of those lands. Visually it will remind many gamers of Minecraft, as both games have this Lego-inspired look to them. However, players are able to buy virtual land and implement any form of monetization. These virtual lands can become mini-games, adventures, virtual shops, extensions of actual webshops, a space for social gatherings, and so on.
TSB Gaming is providing free tools for developers, gamers and content creators. Creators can use VoxEdit to make objects. In addition the Game Maker allows users to create interactivity on their virtual land. TSB Gaming will also create a meta gaming experience. Players can for example do daily quests or weekly quests for their guild.