The Sandbox 

SAND Price

What is The Sandbox metaverse?

The Sandbox is a voxel-style blockchain metaverse platform developed by Animoca Brands. Creators build, own, and monetize 3D assets and game experiences, earning through LAND NFTs — virtual real-estate plots — and in-world ASSET tokens. SAND, an ERC-20 token on Ethereum, serves as the platform's settlement and governance currency. Gameplay and transactions settle on Polygon through a bridged version called mSAND. Recurring Alpha Seasons deliver themed content with SAND reward pools, including IP collaborations such as Jurassic World in Alpha Season 5.

How does The Sandbox work?

The Sandbox provides two creation tools: VoxEdit for building 3D voxel assets and Game Maker for assembling game experiences without coding. Creators mint their work as ASSET NFTs and publish experiences on LAND plots, which function as virtual real estate inside the metaverse. Players explore, play, and earn SAND rewards. Core gameplay and transactions run on Polygon via bridged mSAND, while the SAND governance token stays anchored on Ethereum. The browser-based Studio beta adds multiplayer, monetization tooling, creator kits, and AI agents.

What is the SAND token used for?

SAND serves three functions in The Sandbox: settlement currency for LAND and asset purchases, governance token for The Sandbox DAO voting, and staking asset. SAND exists as an ERC-20 contract on Ethereum. A bridged mSAND version on Polygon handles gameplay transactions, and wrapped contracts are tracked on PulseChain, Energi, and Solana. The public sale price in the Binance Launchpad offering in August 2020 was $0.008333 per SAND.

Can you stake SAND?

Yes. The Sandbox has operated staking programs covering SAND/mSAND liquidity pools and LAND-owner pools with reward multipliers, per the project's official documentation. Staking rewards are paid in SAND from the platform's reward programs, and program terms — including reward rates — change between seasons and pools, so current conditions belong to the live staking interface rather than any fixed figure.

How many SAND tokens are in circulation?

SAND has a fixed supply capped at 3,000,000,000 tokens. Per DropsTab data, the maximum supply and total supply both equal 3 billion SAND, matching the allocation table in the official 2020 whitepaper. No SAND is minted beyond scheduled vesting unlocks, so the emission model is a finite, fully-allocated cap. The circulating count changes only as scheduled unlocks release tokens — the live figure sits on the supply surface of the coin page.

What does The Sandbox's SAND vesting schedule mean for sell pressure?

Insider and company buckets dominate The Sandbox's allocation and drove most of its historical unlock pressure. Per DropsTab vesting data, Company Reserve holds 25.82% of supply, Team 19%, and Advisors 10% — together 54.82% of all SAND. Private tranches carried a 12-month cliff, then released 20% every six months on a February 14 / August 14 cadence after the August 14, 2020 TGE. The heaviest releases ran through 2021–2024, including Company Reserve tranches of up to 164M SAND in August 2021. Residual scheduled tranches are small relative to the 3 billion cap.

Who backed The Sandbox and how much has it raised?

Per DropsTab fundraising data, The Sandbox raised over $120M across five rounds. The Series B in November 2021 brought in $93M led by SoftBank Vision Fund 2 — its first crypto-asset investment — with Samsung NEXT, Polygon Studios, True Ventures, and Galaxy Interactive among the participants. Earlier rounds included a $3.41M seed in May 2019 (Hashed, Klaytn) and a $3M Binance Launchpad public sale in August 2020. A $20M round in June 2024 valued The Sandbox at $1B.

What rewards did The Sandbox's Alpha Season campaigns distribute?

The Sandbox's tracked campaigns distributed SAND rewards and exclusive NFTs during Alpha Seasons. Alpha Season 4 ran from October 9 to December 18, 2024, offering guaranteed SAND rewards plus exclusive NFTs for playing featured experiences. A pre-registration waitlist from September 24 to October 9, 2024 awarded a Gold Space Helmet NFT on launch day. A Season 5 waitlist tied to the Jurassic World collaboration awarded a Raptor Head NFT to pre-registered players. All three tracked campaigns have ended.

Which exchanges can you trade SAND on?

SAND trades broadly across centralized exchanges, decentralized exchanges, and derivatives venues. Per DropsTab data, the market spans more than 50 spot pairs — including Binance SAND/USDT, Upbit SAND/KRW, Kraken SAND/USD, and OKX SAND/USDT — plus perpetual futures on more than 10 venues including Binance Futures and Hyperliquid. Decentralized liquidity sits on Uniswap (Ethereum and Polygon), Quickswap, and Raydium. Fiat coverage spans USD, KRW, EUR, TRY, JPY, and other currencies, giving SAND tier-1 depth and unusually broad regional access.

Is SAND classified as a security?

SAND carries an unresolved security-classification context in the United States. The SEC named SAND among 13 "crypto asset securities" in its June 6, 2023 complaint against Coinbase in the Southern District of New York, and the token also appeared in the parallel Binance complaint. These are allegations against the exchanges, not an adjudicated legal status for SAND itself. DropsTab tags SAND with an "SEC security token" classification reflecting this litigation context.