fbpx
The Daily Chain
No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
No Result
View All Result
The Daily Chain
No Result
View All Result
Home All News

Binance to Launch IEO for Sandbox Game with $3M Token Sale

Wayne Jones by Wayne Jones
5th August 2020
3 min read
0
Binance Set to Launch IEO For New Gaming Platform, The Sandbox

Binance Set to Launch IEO For New Gaming Platform, The Sandbox

0
SHARES
0
VIEWS
FacebookTwitterLinkedinTelegramEmailWhatsapp

On August 5, 2020, Binance CEO CZ tweeted about an upcoming initial exchange offering (IEO). The IEO is set to take place on the Binance LaunchPad for a new gaming project known as “The Sandbox.”

The Sandbox is one of the blockchain-powered gaming platforms currently in development. The virtual world of Sandbox consists out of lands, and voxels fill up each of those lands. 

This gaming project developed by TSB Gaming has secured private investment from Binance Labs and has partnered with some significant startups, including the renowned Ethereum-based CryptoKitties and Opera browser. 

Binance now plans to raise $3M through a token offering on Binance LaunchPad on August 13 at 06:00 am UTC (+0). The primary utility token of the platform, dubbed SAND, will be offered through the lottery-ticket IEO format.

Binance announced that investors can purchase about $200 worth of SAND per ticket, and the number of tickets each applicant gets is tied to how many BNB coins they hold. In total, there will be 360M SAND tokens available for sale on the Launchpad.

Gaming-Related IEO Stirs the Crypto Community

The news that Binance’s exclusive token launch platform for transformative blockchain projects will support a gaming project for its third project of 2020 has shocked many in the crypto community who thought that the next IEO would be DeFi related. 

The Sandbox dev team is creating a remarkable virtual gaming world where players can build, own, and monetize their gaming experiences using SAND Non-Fungible Tokens (NFTs). 

SAND holders will also be allowed to actively participate in the gaming platform’s governance via a Decentralized Autonomous Organization (DAO).

For TSB Gaming, this upcoming IEO on Binance is the perfect way to determine the market value for their SAND token, which has a total supply of 3 billion dollars. 

Arthur Madrid, CEO and Co-Founder of The Sandbox, noted that the strategic partnership with Binance and its $3M investment helped the platform attract more than 2.7 billion gamers.

The Sandbox Land Presale is Sold Out

The first round of the final land pre-sale started yesterday (Tuesday, August 4) and sold out in less than 24 hours, with 75% of land sold in the first 30 minutes.

The beta test for the gaming platform is scheduled to launch later this year, but there will be one more pre-sale before then.

During this pre-sale, interested gamers, startups, and investors will be able to buy virtual land at a discount. 

Tags: binanceBinance CEO CZDAODeFiIEO
ShareTweetShareShareSendSend
Wayne Jones

Wayne Jones

Wayne is a Blockchain enthusiast and expert in crypto trading. Currently, I cover trendy issues on digital currencies.

Related Posts

Crypto Market Growth Presets Unique Opportunity for Industry Vendors
All News

Crypto Industry Participants Wants Biden to Understand Cryptocurrencies

6th March 2021
BTC Price Shows Resilience Against Bears, While ADA Posts Inspired Rally
All News

BTC Price Trapped Within a Range, While ETH Bulls Lose Control

5th March 2021
Centra Tech-ICO
All News

$25 million Fraudulent ICO Co-Founder sentenced to 8 years

5th March 2021
Thailand-Bitcoin-Major Cineplex
All News

Largest Movie Theater Chain in Thailand starts accepting Bitcoin

5th March 2021
Ripple-CBDC
All News

Ripple developing a new version of its XRP Ledger that Supports CBDCs

5th March 2021
Legal Issues in Cryptocurrency Investment Worth Noting
All News

Research Reveals a Glaring Dearth of Knowledge Among Crypto Investors

5th March 2021
Next Post
ETC 51% attack

ETC takes a hit as it suffers its second 51% attack of 2020

Opyn Hack Results in 370K Loss in User Funds

Opyn Hack Results in 370K Loss in User Funds

Please login to join discussion
  • All News
  • Editor's Picks

Crypto Industry Participants Wants Biden to Understand Cryptocurrencies

BTC Price Trapped Within a Range, While ETH Bulls Lose Control

$25 million Fraudulent ICO Co-Founder sentenced to 8 years

Largest Movie Theater Chain in Thailand starts accepting Bitcoin

Ripple developing a new version of its XRP Ledger that Supports CBDCs

Join our newsletter!

Enter your email to receive our newsletter.


Don’t worry, we don’t spam
ADVERTISEMENT

Popular Posts

  • Google Finance-crypto

    Google Finance launches dedicated Crypto Section

    0 shares
    Share 0 Tweet 0
  • Ripple Moves to dismiss SEC allegations while $10 million XRP moves

    0 shares
    Share 0 Tweet 0
  • Zilliqa News: Token Swap Now Complete With 98% tokens Exchanged For Native $ZIL

    0 shares
    Share 0 Tweet 0
  • Grayscale exploring exposure to various DeFi tokens

    0 shares
    Share 0 Tweet 0
  • DeFi protocol Furucombo loses $14 million in Evil Contract attack

    0 shares
    Share 0 Tweet 0

Market Updates

BTC Price Shows Resilience Against Bears, While ADA Posts Inspired Rally

BTC Price Trapped Within a Range, While ETH Bulls Lose Control

5th March 2021
China’s Inner Mongolia Mining Projects to be Shut Down

Ethereum Cryptocurrency Mining Profitability Halved as its Price Plunged

4th March 2021
ETH Price Could Rally to $440 as DeFi Interest Surges

ETH Price Flips Crucial Resistance Levels: Why Bulls Could Retest $2K

3rd March 2021

Media

hashoshi-alts (2)

Altcoin Season Picks / Projects with Huge Potential

9th September 2020
cardano-ADA

Hashoshi: Cardano Shelley is live… but what’s next is WAY BIGGER

19th August 2020
hashoshi-alts

Hashoshi: Low Cap Alts you need to be watching in 2020

5th August 2020
fomohunt-podcast

FomoHunt Podcast – Joe Vezz & Jon Farjo: Tracking Social Sentiment Waves with Lunar Crush

30th July 2020
ethereum-hashoshi

Hashoshi: Ethereum 2.0, Chainlink, Bitcoin Price, and more!

27th July 2020
fomohunt-podcast

FomoHunt Podcast – Joe Roets: Behind the scenes of “Open source money”

24th July 2020
The Daily Chain

The Daily Chain is a news platform and educational hub founded in January 2019. We are dedicated to providing unique and informative daily content across all facets of the blockchain and cryptocurrency industry whether it be news, opinion pieces, technical analysis, reviews, interviews, podcasts and more.

LEARN MORE »

Recent Posts

  • Crypto Industry Participants Wants Biden to Understand Cryptocurrencies
  • BTC Price Trapped Within a Range, While ETH Bulls Lose Control
  • $25 million Fraudulent ICO Co-Founder sentenced to 8 years
  • Largest Movie Theater Chain in Thailand starts accepting Bitcoin

Information

  • About
  • Contact
  • Site notice
  • Risk Warning
  • Privacy Policy

Categories

  • News
  • Markets
  • Features
  • Education
  • Media
  • Reviews

TheDailyChain © 2020. The Home of Digital Assets

No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List

TheDailyChain © 2020. The Home of Digital Assets

At The Daily Chain, we are committed to protecting the personal data of our audience.
In light of the General Data Protection Regulation, we are asking our audience in Europe to consent to the use of cookies by The Daily Chain and its partners to continue to our site. These cookies are used to personalize your user experience (content and ads) and support and improve the site. Please click “I Agree, Continue to Site” below to consent to the use of this technology and continue to TheDailyChain.com. Visit our Privacy Statement to learn more. Cookie settingsAgree, continue to site
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

bitcoin
Bitcoin (BTC) $ 49,022.00 2.58%
ethereum
Ethereum (ETH) $ 1,582.87 5.96%
cardano
Cardano (ADA) $ 1.15 0.64%
tether
Tether (USDT) $ 1.00 0.38%
binance-coin
Binance Coin (BNB) $ 229.34 2.42%
polkadot
Polkadot (DOT) $ 33.83 0.93%
xrp
XRP (XRP) $ 0.468046 0.88%
litecoin
Litecoin (LTC) $ 183.19 5.06%
chainlink
Chainlink (LINK) $ 27.74 3.38%
bitcoin-cash
Bitcoin Cash (BCH) $ 504.23 2.99%
Newsletter

Join our newsletter!

Enter your email to receive our newsletter.

Don't worry, we don't spam