The Sandbox is a community-driven gaming platform where users can create, build, buy and sell digital assets in the form of a game. The Sandbox incorporates decentralized autonomous organizations (DAO) and non-fungible tokens (NFT)s to create a decentralized platform for a thriving gaming community. SAND is the ERC-20 utility token used as the basis of transactions throughout The Sandbox ecosystem.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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