Landbox pre-sales in the virtual world of Sandbox will start on September 15, and more than 4,500 non-replaceable tokens (NFT) in the form of virtual fields (LAND) have been put up for sale. Unlike previous LAND sales, the exclusive payment method this time will be done by the $ SAND functional token. In fact, with a move forward, all the land sold on the platform will be sold for $ SAND, Sebastien Borget, co-founder and CEO of Sandbox, told:
From the beginning of the project, we designed SAND $, the ERC-20 interchangeable token, which acts as the main application token of the platform, to be used as a trading intermediary, governance token, and reward sticking. We are happy to show the usability of the $ SAND token in the game.
The sale will consist of four stages, each of which will take place between September 15 and 18. The previous sale was completed within a few hours, so this new method, along with the exclusive use of $ SAND as a payment method, may benefit those who failed to participate in the previous sale. According to the Quintel Telegraph, an NFT fund called The Whale is buying virtual land in the Sandbox world for development and investment, and is also thought to be the second largest holder in the Sandbox. Analytics firm Messari estimates that The Whale bought $ 500,000 of the virtual asset out of a total of $ 1.5 million LAND sold in previous sales.
Last month, the $ SAND token (IEO) raised $ 3 million on the Binance Launchpad platform. Since then, it has been possible to trade the token with Bitcoin (BTC), Tetra (USDT) and BainD Dollar (BUSD) at the Bainance exchange and with Ether (ETH) at the decentralized UniSwap exchange. Last week, Bainance Exchange bought more than 4,000 LAND tokens in the virtual world of Sandbox, making the company the largest holder of virtual domain. The company intends to use this to organize social game competitions and reward top developers.