The Sandbox

Halal Rating :
Questionable
Last Price $0.58 Last updated:
Rank 72
1D Change 14.73 %
Market Cap $1.41b
Circulating supply 2,430,857,126
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Collectibles & NFTs
  • Content Creation
  • Gaming
  • Ethereum Ecosystem
  • Binance Launchpad
  • Metaverse
  • Play To Earn
  • Animoca Brands Portfolio
  • SEC Security Token

Overview

The Sandbox is a decentralized virtual gaming world built on the Ethereum blockchain where players can build, own, and monetize their gaming experiences using NFTs and SAND, the platform's utility token.

Intended Utility

SAND token serves multiple purposes within The Sandbox ecosystem: It acts as the governance token allowing holders to participate in Governance decisions via a Decentralized Autonomous Organization (DAO), medium of exchange for transactions within the platform, including land purchases and asset trades, and staking mechanism for platform rewards.

Actual Utility

The platform has demonstrated significant real-world adoption through partnerships with major brands including Adidas, Warner Music Group, and Ubisoft. The SAND token is actively used for its intended purposes, particularly in land sales and marketplace transactions. On-chain data shows consistent transaction volume for both NFT trading and platform interactions.

Token Distribution and Founder Assessment

Initial token distribution allocated 25.82% to the company reserve, 17.18% to the team and advisors, and 57% to the ecosystem and community. Team tokens have a vesting schedule extending over several years, reducing the risk of sudden selling pressure. The founding team has maintained consistent development activity and transparent communication.

Technology and Revenue Model

The platform generates revenue through NFT sales, marketplace fees, and land sales. While staking is available, it follows a profit-sharing model rather than traditional interest-bearing mechanisms, making it compatible with Islamic finance principles. The platform's focus on gaming and creative content appears to avoid major prohibited activities.

Crypto Impact

To assign a comfort level investing in The Sandbox from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to The Sandbox.

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