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What are SAND and LAND? | CoinMarketCap | YouTubeToText
YouTube Transcript: What are SAND and LAND?
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Video Transcript
sand is an essential part of the sandbox platform
platform
and the only way to own a piece of the
metaverse by using it to buy land
a land is a digital piece of real estate
in the sandbox metaverse
buy land and create whatever experience
you want on it
land and everything on your land are
truly yours
a total of 166 464 lands
will ever be available contained in a
map that will form the sandbox metaverse
sand is an erc20 utility token built on
the ethereum blockchain
that serves as the basis for
transactions within the sandbox
and has the following uses access the
sandbox platform
players spend sand in order to play
games buy equipment
or customize their avatar character
while creators spend sand to acquire assets
assets
lands and earn passive income through staking
staking
sand is a governance token that allows
holders to participate in governance
decisions of the platform
using a dow structure they can exercise
voting rights on key elements
such as foundation grant attributions to
content and game creators
and future prioritization on the
platform roadmap
sand allows for staking which enables
passive revenues on lands
you get more sand by staking it this is
also the only way to get valuable gems
and catalysts
needed for asset creation as the sandbox grows
grows
a large portion of transactions fees are
redistributed to sand stakers through a
foundation and staking pool
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