“The Sandbox” partners with Binance Launchpad to sell SAND utility tokens
5 August 2020: Animoca Brands Corporation Limited (“Animoca Brands” or the “Company”) is pleased to advise that The Sandbox will launch a US$3 million sale of SAND tokens on Binance Launchpad, Binance’s exclusive token launch platform for transformative blockchain projects. SAND is the main utility token for The Sandbox, the blockchain-based, community-driven gaming and game creation platform that will allow content creators to monetize gaming assets and experiences.
The highly anticipated SAND sale will start on Binance Launchpad on 13 August 2020, at 06:00 UTC (+0) at https://launchpad.binance.com/. 360 million SAND tokens (being 12% of the total supply of SAND) will be made available for purchase at a price of US$0.0083 per token.
The Sandbox is a unique virtual world that will offer a deeply immersive “metaverse” in which virtual worlds and games will be created collaboratively and without central authority. The Sandbox seeks to capitalise on the popularity of user generated content (UGC) in gaming by giving players the benefits of true digital ownership over their creations in the form of non-fungible tokens (NFTs), which players can trade or sell without restrictions. NFTs are virtual tokens for digital scarcity, security, and authenticity, and in The Sandbox they represent objects and real estate in the game universe.
Players will be able to explore various games and worlds, while content creators will be able to build, own, and monetize their gaming experiences by using NFTs and SAND. Holders of SAND will be able to participate in the governance of the platform via a decentralized autonomous organization (DAO), in which they can exercise voting rights on key decisions for The Sandbox ecosystem.
The Sandbox has secured over 50 partnerships with notable gaming companies such as Atari, CryptoKitties (Dapper Labs), and Shaun the Sheep.
In a show of support for The Sandbox, Binance Labs has also acquired an undisclosed number of SAND tokens. Binance Labs is the venture arm of Binance that was established to incubate, invest, and empower blockchain and cryptocurrency entrepreneurs and communities.
Sebastien Borget, COO and Co-Founder of The Sandbox, commented: "Imagine a creative game world where anything you create and earn is truly yours – you could transfer it, sell it, or do anything you wish with your content, right at your fingertips. That power is made possible within The Sandbox gaming metaverse by enabling our community of content creators, gamers, and virtual real estate owners to truly own all their digital content and creations, using NFTs.”
Arthur Madrid, CEO and Co-Founder of The Sandbox, added, “Our strategic partnership with Binance and their ecosystem is a giant leap in bringing The Sandbox gaming platform to over 2.7 billion gamers, and advancing blockchain gaming one step further toward mainstream adoption and ease of access."
If you have any queries in relation to this announcement, please contact ir@animocabrands.com.
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About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.
Contact: press@animocabrands.com