Is there a limit to how many SAND tokens can be created?
Yes, there is a limit to how many SAND tokens can be created.
The total supply of SAND tokens is capped at 2.6 billion, and no more tokens can be created beyond this amount. This limit was set when the project launched in 2019 and will remain in place for the foreseeable future.
The SAND token is an ERC-20 token built on the Ethereum blockchain, and it serves as the native currency of The Sandbox platform. It is used to purchase virtual land, items, and services within the game world, as well as to pay for fees associated with using the platform. It also provides holders with voting rights on important decisions related to The Sandbox’s development and governance.
The limited supply of SAND tokens helps ensure that its value remains stable over time and that it does not suffer from inflationary pressures like other cryptocurrencies. This makes it an attractive investment option for those looking to diversify their crypto portfolios or invest in a project with long-term potential.
