What is the SAND token used for?
The SAND token is the native cryptocurrency of The Sandbox, a decentralized gaming platform.
It is used to facilitate transactions within the platform, such as buying and selling digital assets, in-game purchases, and rewards for participating in the platform’s activities. The SAND token also serves as a governance token for The Sandbox’s decentralized autonomous organization (DAO). This means that holders of SAND tokens can vote on decisions related to the platform’s development and operations.
These decisions include changes to the game rules, updates to the game engine, and other matters related to The Sandbox’s future. In addition, SAND tokens are used to reward players for their contributions to The Sandbox ecosystem. Players can earn SAND tokens by creating content or participating in events such as tournaments or competitions.
They can also earn rewards by staking their tokens in order to support the network.
