Notable token unlocked event from $SAND 🚨
372 million tokens ($480M) 💰
12% of the total supply has to be unlocked within 3 days
Let's see what we have got 🧵:
372 million tokens ($480M) 💰
12% of the total supply has to be unlocked within 3 days
Let's see what we have got 🧵:
1/x DISCLAIMER ⚠️
This thread is NOT FINANCIAL ADVICE, and please DO YOUR OWN RESEARCH ‼️.
This thread is NOT FINANCIAL ADVICE, and please DO YOUR OWN RESEARCH ‼️.
2/x What is @TheSandboxGame 📦?
The Sandbox is a virtual metaverse 👾 where players can play, build, own, and monetize their gaming experience 🎮 on the Ethereum Blockchain using NFTs.
The Sandbox is a virtual metaverse 👾 where players can play, build, own, and monetize their gaming experience 🎮 on the Ethereum Blockchain using NFTs.
3/x What is $SAND token 🪙?
$SAND token is an ERC-20 utility token that’s used for exchanging goods in the ecosystem ⚖️. It can use to stake as well as govern 🗳️ the ecosystem.
$SAND token is an ERC-20 utility token that’s used for exchanging goods in the ecosystem ⚖️. It can use to stake as well as govern 🗳️ the ecosystem.
4/x $SAND Utilities
Medium of exchange:
-Players can collect $SAND through gameplay
-Players can spend $SAND to buy assets & land
-Creators used $SAND as a cover charge to create assets and list them as NFT also buy gems to define rarity and scarcity
Source: Sand Whitepaper
Medium of exchange:
-Players can collect $SAND through gameplay
-Players can spend $SAND to buy assets & land
-Creators used $SAND as a cover charge to create assets and list them as NFT also buy gems to define rarity and scarcity
Source: Sand Whitepaper
5/x $SAND Utilities
Governance 🏛️:
-Under the DAO structure, $SAND is a governance token that allows holders to choose the decisions of the platform. They can vote on critical decisions such as foundation grants, etc.
Governance 🏛️:
-Under the DAO structure, $SAND is a governance token that allows holders to choose the decisions of the platform. They can vote on critical decisions such as foundation grants, etc.
6/x $SAND Utilities
Staking 🧾:
To get more passive revenue 💰 on holding land 🏝️, players need to stake $SAND tokens. This is the only way to get valuable gems and catalysts needed for asset creation: 🏗️.
Source: Sand Whitepaper
Staking 🧾:
To get more passive revenue 💰 on holding land 🏝️, players need to stake $SAND tokens. This is the only way to get valuable gems and catalysts needed for asset creation: 🏗️.
Source: Sand Whitepaper
7/x How $SAND create value🥮?
$SAND generates value by using a Fee Capture Model.
5% of all tx volume carried out in $SAND tokens will be rewarded to the community and the ecosystem.
The tx fee will be allocated to the Staking Pool and the Foundation equally.
$SAND generates value by using a Fee Capture Model.
5% of all tx volume carried out in $SAND tokens will be rewarded to the community and the ecosystem.
The tx fee will be allocated to the Staking Pool and the Foundation equally.
8/x $SAND Allocations
Total Supply of $SAND: 3,000 M
Seed Sale (17.18%) 💼: 515.3 M
Strategic Sale (4.00%)🤵: 120 M
Launchpad Sale (12.00%)🗓️: 360 M
Foundation (12.00%)📦: 360 M
Company Reserve (25.82%)🧺: 774.7 M
Founders & Team (19.00%) 👥: 570 M
Advisors (10.00%)👨💼: 300 M
Total Supply of $SAND: 3,000 M
Seed Sale (17.18%) 💼: 515.3 M
Strategic Sale (4.00%)🤵: 120 M
Launchpad Sale (12.00%)🗓️: 360 M
Foundation (12.00%)📦: 360 M
Company Reserve (25.82%)🧺: 774.7 M
Founders & Team (19.00%) 👥: 570 M
Advisors (10.00%)👨💼: 300 M
9/x Here are the unlock allocations for this event 🗓️.
-Seed Sale (3.4%) 💼
-Company Reserve (2.8%) 🧺
-Team (2.4%) 👥
-Advisor (1.7%) 👨💼
-Foundation (1.3%) 📦
-Strategic Sale (0.8%) 🤵
Two parts that can't be immediately dumped on the market; Company Reserve and Foundation.
-Seed Sale (3.4%) 💼
-Company Reserve (2.8%) 🧺
-Team (2.4%) 👥
-Advisor (1.7%) 👨💼
-Foundation (1.3%) 📦
-Strategic Sale (0.8%) 🤵
Two parts that can't be immediately dumped on the market; Company Reserve and Foundation.
10/x
Though, it's still 8.3% remaining to groups that can instantly sell on the market 📉 after being unlocked 🔓, according to the Whitepaper, which is a vast unlock 🔥.
Though, it's still 8.3% remaining to groups that can instantly sell on the market 📉 after being unlocked 🔓, according to the Whitepaper, which is a vast unlock 🔥.
11/x
$SAND previous sale price and current ROI 💸
(current price at $1.3)
At Seed Round💼: 0.0036 USD/SAND (361x)
At Strategic Round🤵: 0.0050 USD/SAND (260x)
At Binance Launchpad🗓️: 0.008333 USD/SAND (156x)
$SAND previous sale price and current ROI 💸
(current price at $1.3)
At Seed Round💼: 0.0036 USD/SAND (361x)
At Strategic Round🤵: 0.0050 USD/SAND (260x)
At Binance Launchpad🗓️: 0.008333 USD/SAND (156x)
12/x
Additionally, there has been news spreading around recently about the volume meltdown 🫠 on Metaverse 👾
Source: cointelegraph.com
Additionally, there has been news spreading around recently about the volume meltdown 🫠 on Metaverse 👾
Source: cointelegraph.com
13/x
On-chain data📊from @MessariCrypto on @DuneAnalytics also shows the decline in sale volume since May 2022 📉
Source: dune.com
On-chain data📊from @MessariCrypto on @DuneAnalytics also shows the decline in sale volume since May 2022 📉
Source: dune.com
14/x
The largest liquidity market for $SAND tokens is on @Binance (CEX) 🏦 accounting for almost 330M $SAND tokens.
@Uniswap (DEX)🦄, on the other hand, only has around 3M $SAND tokens in liquidity.
Source: @nansen_ai
The largest liquidity market for $SAND tokens is on @Binance (CEX) 🏦 accounting for almost 330M $SAND tokens.
@Uniswap (DEX)🦄, on the other hand, only has around 3M $SAND tokens in liquidity.
Source: @nansen_ai
15/x
Whether the price will be dumped after unlocking or not. Let's see some support from the volume profile in the price chart (grey color on the right). There are two high-volume nodes;
Node one1⃣: price range $0.5~$0.6
Node two2⃣: price range $0.03~$0.12
Whether the price will be dumped after unlocking or not. Let's see some support from the volume profile in the price chart (grey color on the right). There are two high-volume nodes;
Node one1⃣: price range $0.5~$0.6
Node two2⃣: price range $0.03~$0.12
16/x
Large token unlocks and drops in sales volume may be a challenging time for $SAND.
However, this might lead to a healthy correction ❤️🩹 before the next bull-run 🐂 as the next unlock is quite far away (another 6 months) and there is no linear unlock along the way.
Large token unlocks and drops in sales volume may be a challenging time for $SAND.
However, this might lead to a healthy correction ❤️🩹 before the next bull-run 🐂 as the next unlock is quite far away (another 6 months) and there is no linear unlock along the way.
17/x
The following upcoming unlock is dated at 13/02/2023 with a total of 348 M $SAND.
~11.6% of the total supply ⚠️.
Break down by:
Company Reserve🧺: 83.79 M
Advisors👨💼: 26.1 M
Team👥: 71.25 M
Foundation📦: 39.90 M
Strategic Sale🤵: 24.00 M
Seed Sale💼: 103.08M
The following upcoming unlock is dated at 13/02/2023 with a total of 348 M $SAND.
~11.6% of the total supply ⚠️.
Break down by:
Company Reserve🧺: 83.79 M
Advisors👨💼: 26.1 M
Team👥: 71.25 M
Foundation📦: 39.90 M
Strategic Sale🤵: 24.00 M
Seed Sale💼: 103.08M
19/x I know you're interested in $SAND tagging you if you think it's useful 😇
@borgetsebastien @arthurmadrid @CryptoTony__ @ColdBloodShill @kibajoker @ParisHilton @JunkyardDogsNFT @AltCryptoGems @TheSandboxNFTs @YnahGives @IGN @telcoin_team @sandstormmeetup @AuxCasts
@borgetsebastien @arthurmadrid @CryptoTony__ @ColdBloodShill @kibajoker @ParisHilton @JunkyardDogsNFT @AltCryptoGems @TheSandboxNFTs @YnahGives @IGN @telcoin_team @sandstormmeetup @AuxCasts
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