The Sandbox and SAND Token Info
The Sandbox is building a unique virtual world where players can build, own, and monetize their gaming experiences using NFTs (non-fungible tokens) and $SAND, the main utility token of the platform that serves as the basis of transactions and interactions, enabling players to play, own, govern, trade, and earn.
In The Sandbox, players create digital assets in the form of NFTs, upload them to the marketplace, and integrate them into games with the #nocode Game Maker.
Watch The Sandbox teaser: https://youtu.be/0Jquhzr4d4k
The Sandbox’s vision is to offer a deeply immersive metaverse in which virtual worlds and games will be created collaboratively and without central authority. The Sandbox has secured over 60 partnerships, including The Smurfs, Care Bears, Atari, CryptoKitties, and Shaun the Sheep, to build a fun, creative “play-to-earn” platform that offers virtual worlds and game experiences owned and created by players.
SAND is the ERC-20 utility token used throughout The Sandbox ecosystem as the basis of transactions and interactions, including value transfers, staking and governance. $SAND tokens will enable players to play, own, govern, trade and earn
Users interested in learning more about The Sandbox at http://sandboxgame.gitbook.io, as well as participating in the currently ongoing Learn & Earn campaign in partnership with CoinMarketcap https://coinmarketcap.com/earn/project/the-sandbox
Join The Sandbox community via https://linktr.ee/sandbox
DEX Market Details
SAND will be coming to the Polyient DEX via a swap market with Polyient Games Unity Token (PGU), the new fungible token that will function to standardize liquidity for the entire NFT asset class across all blockchain networks.
PGU is distributed to both Polyient DEX LP providers and holders of PGFKs. More details can be found here.
Liquidity providers for the SAND-PGU will be able to earn fungible token yield through both passive PGU emissions and eventually through active staking of the LP tokens on The Sandbox’s Liquidity Mining portal.
NFT Farming Rewards
With the launch of the SAND-PGU pool on the Polyient DEX, we will be working with The Sandbox team on an innovative NFT reward system that provides exclusive NFTs to the most active liquidity providers.
In the inaugural event for this new system, the top-10 liquidity providers in SAND-PGU pool over the course of the upcoming month will be rewarded with an exclusive, special-edition PolyAnt King NFT that represents the first Polyient character within The Sandbox metaverse and will be eligible to receive a special pAVAX reward drop later this quarter.
Additionally, the top liquidity provider will win a special piece of LAND that is located directly next to the Polyient Game’s plot. Moving forward, Polyient Games plans to expand its presence in The Sandbox’s metaverse, making LAND next to ours a very special location.
Calculations for the top-10 will be based on the average USD value of the liquidity provided, with snapshots taken at random intervals over the course of the month. With each snapshot, Polyient Games will release an updated leaderboard that shows where the top competing wallets are currently placed.
This means that the LPs who consistently have the highest USD value of liquidity in the pool will rise to the top of leaderboards to earn the special NFT rewards.
Note: to be eligible for rewards, users must simply provide liquidity and hold onto the PGLP tokens they are provided. There is no requirement to lock up PGLP tokens in a smart contract to earn PGU or the NFT rewards at this stage.
The official vote for the PGT governance body to add the SAND-PGU market is now live and will run through 1/7 at 3pm PST. Shortly after the approval, we will add the market to the Polyient DEX and immediately begin tracking liquidity SAND-PGU for PGU rewards.
Tracking for PGU and the special NFT rewards will begin with the launch of the pool. PGU reward emissions occur at random intervals and will require you to claim them directly in your wallet dashboard on the main Polyient Games web app.
The official NFT reward period is as follows:
- Start Date/Time: January 7 / 5pm PST
- End Date/Time: February 7 / 5pm PST
At the conclusion of the event, the special NFT rewards will be distributed to the winning wallets. In the coming weeks, we will unveil the next phase of rewards via direct Polyient DEX LP token staking within The Sandbox’s Liquidity Mining portal.
Polyient Capital Investment
Polyient Capital, the asset management arm of Polyient, has entered into a $100K position in SAND and plans to actively support Polyient DEX market liquidity for the token.
“Through its top-tier brand partnerships and leading digital economic innovations, The Sandbox continues to push the NFT market forward,” said Eric Kapfhammer, Polyient COO and Head of Polyient Capital. “Our latest purchase represents our commitment to the long-term growth of this exciting platform and we look forward to further intertwining our token economies.”
About Polyient Games
Polyient Games, a subsidiary of investment group Polyient, is a unique investment ecosystem focused on the NFT and decentralized finance (DeFi) markets. Polyient’s portfolio includes leading NFT startups such as Nonfungible.com, Blockade Games, and Cargo.
About The Sandbox
The Sandbox team is a leading creator of world-building experiences with over 40 senior staff with 10+ years of experience building and maintaining game live operations with millions of players. The Sandbox is a community-driven gaming platform that will allow creators to monetize assets and gaming experiences on a blockchain, allowing them to benefit from their creations.
Building on existing The Sandbox IP that has more than 40 million global installs on mobile, The Sandbox will offer players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetize creations through blockchain. For more information, please visit www.sandbox.game and follow the regular updates on Medium and Discord
Polyient Games and The Sandbox to Launch SAND-PGU Market on Polyient DEX was originally published in Polyient Games on Medium, where people are continuing the conversation by highlighting and responding to this story.