The purpose of sandbox design is to change the structure of traditional game platforms where platforms and developers own everything and control user content and provide nothing but game experience to users. In Play To Earn games like Sandbox, users and gamers are the main owners of the game. But what is the Sandbox game?

Sandbox is designed for two categories of users: gamers and game developers! For gamers, sandbox is a metaverse game where they can play games made by other users and get rewards. For game developers, Sandbox is a framework where they can earn money using the software provided by the platform.

The main cryptocurrency of the sandbox game is called SAND; But there are many tokens in the sandbox metaverse. For example, LAND is a unique token (NFT) in the form of an in-game item that gamers can buy using a document token.

When we enter the game, we come across terms such as asset (ASSET), land (LAND), diamond (GEM) and catalyst (CATALYST), each of which has its own structure and application. Therefore, first of all, you should get familiar with a series of Sanbox game terms. All the mentioned items are game tokens. Of course, the SAND cryptocurrency is the main functional token of the game. A document is an ERC-20 token that you can buy and earn rewards by staking or depositing.

The SAND token was launched on the Binance trading platform in August 2020. Document is an ERC-20 cryptocurrency based on the Ethereum network. What are the uses of the SAND functional token in the Sandbox game? Among its uses, the following can be mentioned:

Application in the game: Users must pay with SAND to play games, buy equipment, or customize their avatar characters. Artists must also pay SAND to upload assets to the market and purchase diamonds to determine the rarity of their assets.

Governance: The document is a governance cryptocurrency that allows holders to participate in governance decisions on the platform. They use their right to vote for key decisions such as the allocation of foundation grants to content producers and game makers and priorities in the game roadmap. Token holders can choose to vote themselves or delegate their voting rights to their chosen players.

Staking: By staking or depositing the SAND token, you will get more documents. One of the ways to get diamonds and catalysts is by staking the cryptocurrency.

Methodology:

• The data provided by Flipside has been used to handle this analysis. To handle this investigation the following steps have been passed as below:
• Holders of $SAND
  • Address of token → 0x3845badAde8e6dFF049820680d1F14bD3903a5d0
  • Exclude official accounts of CEXs with considering Label is null for user addresses
  • Metrics→ Count of holders, volume of hold, Cumulative analysis and distribution of holders
• Movement to/from CEXs
  • CEXs→ from ethereum.core.dim_labels where label_type='cex'
  • Metrics→ Inflow/outflow volume, Net flow, Distinct senders and receivers
• Trade analysis of $SAND
  • Metrics→ Swap count, unique swappers, volume of swap, swap type (from and to), Average swap volume
• NFT sale
  • Metrics→ Count of sale and unique purchasers, volume of sale, Floor and highest sale price, Average sale price over time