The Sandbox, page-182

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Grinder57

719 Posts.

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03/12/19

12:02

Post #: 41766769
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Originally posted by Grinder57: ↑

I am going to show my ignorance here, but can you or someone here confirm a couple of things for me?

For example with The Sandbox, the Company is using Sand Tokens for purchasing in game assets, along with other uses!
How is the value of the assets purchased determined as the game progresses ?

Is it based on supply and demand and then if you wish to sell your purchased asset at a later date the Sand Tokens are converted into Ethernet and converted at the prevailing price?
So you have a market price of the item being sold along with a current commodity price of the ETH?

Also, I remember Robby Yung saying that the Supporting Blockchain itself is agnostic but does it matter if the Blockchain being utilized for the transactions moves away from the ETH commodity as regarding valuation?
I think I remember the Company agreeing with Kakao/Klaytn to use their Klay tokens for the South Korean market supportingThe Sandbox game in that market.

Not sure I am posing my question fully, but would appreciate a simple explanation of the process...

This Boomer trying to follow the Crypto bouncing ball!
thx in advance

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One more question:

A couple of Animoca’s partners Wax & Open Sea seem to have the same goal of creating a market place for micro transactions of digital assets!

Are they the same type of platform or is there a difference between the 2 services? I have heard them describe Wax as the Ebay of the digital market place?

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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The Sandbox, page-182

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