https://dis-tribute.io/sandbox/SandBox MissionThe Dis-tribute Company's mission with the SandBox Project is to create a simplistic and truly digital sandbox fostering global blockchain development and education for both individuals and businesses with little to no financial risk.
What is SandBox?The SandBox Project (token symbol, SBOX) is a blockchain token created by the Dis-tribute Company. SBOX is built on the Ethereum blockchain and is a verified ERC-20 token. SBOX can also be classified as a cryptoasset (aka cryptocurrency) but holds no initial monetary value.
To achieve the SandBox Project’s mission, the Dis-tribute Team has incorporated the following:
The SBOX tokens will be globally distributed for zero-initial cost
A streamlined and easy process for users to obtain SBOX tokens in a digital wallet
Education of individuals and businesses on the basics of sending and receiving blockchain tokens /cryptoassets via SBOX tokens.
Awareness and marketing tools for blockchain tokens and the Dis-tribute Company
Live, open source token for demonstrations, training and educational purposes
SandBox OverviewThe cryptocurrency market is currently around 220 billion dollars (as of October 1st, 2018) and expected to reach 1 trillion in the coming year. This market is largely unavailable to the average individual and business due to lack of understanding of the technology, convenience, high risk, and usability issues. There is a large need for education and understanding of the available tools and resources. Those aware of the emergence of blockchain technology and cryptocurrencies are hesitant to participate because of the potential risk of lost investments and lack of trust with the technology in general.
Studies and research consistently show that blockchain technology and cryptocurrency adoption is primarily concentrated amongst a small subset of people across the globe. This is despite a large population being familiar with some form of the technology or an associated brand (i.e. Bitcoin, Ethereum, Ripple etc.) Important to note, prominent corporations, start-ups, and venture capitalists are investing heavily into the technology, whereas the average individual or investor has yet to embrace the technology due to a variety of barriers to entry. According to statista.com, “Around 74 percent of businesses surveyed in April of 2018 related to consumer products & the manufacturing industry stated that their company was either in the experimentation or the production phase of blockchain development.” The SandBox Project aims to bridge the barrier of entry with the rapidly evolving technology primarily on the individual and business level.
Ethereum BlockchainThe Ethereum blockchain is the most widely adopted and utilized platform in existence thus far. Its decentralized global network and immutable record allow for users to send, receive, and store SBOX tokens securely with zero downtime. Ethereum’s versatile ERC-20 token protocol made it an obvious choice for the SandBox project. As of October 1st, 2018 there have been 123,264 unique ERC-20 token contracts created.
Future Blockchains or Distributed Ledger TechnologyAt the Dis-tribute Company, we are constantly assessing how blockchain technology is evolving. We pay close attention to the next generation blockchains platforms as they continue to develop and improve. We already completed preliminary research and have plans to work with additional platforms in the near future.
Blockchain Challenges and SandBox SolutionsChallenge of convenience and on ramp: Many of the on ramps into cryptocurrencies require banking information and a complicated process that usually requires some level of technical abilities to easily navigate.
SandBox Solution: We have developed a simple process enabling everyone to obtain a digital wallet and free SandBox tokens. We have partnered with Binance’s Trust Wallet allowing a simple, streamlined process to obtain SBOX tokens. All details and instruction can be found on our claim SBOX tokens webpage.
Challenge of financial burden and assumption of risk: Most projects require the purchase of tokens through some type of Initial Coin Offering (ICO) or other crowdfunding methods. This could be a financial burden that is out of reach for many. It's also not uncommon for cryptocurrency prices to fluctuate by double-digit percentages in either direction day-to-day. This volatile price movement can yield major financial gains, but also contains a high-level of risk many are not willing to take.
SandBox Solution: The SandBox Project removes the risk and barrier of using personal funding with our zero initial cost SBOX tokens. The Dis-tribute Company transfers these tokens to users free of charge. This approach does not require and monetary transaction to take place nor any financial information to be shared. By removing the financial risk, users can freely experiment with the tokens how they see fit and begin to educate themselves on the technology and process.
Challenge of Usability: Similar to assumption of Financial Risk, the transferring and usage of tokens also requires a financial obligation or risk.
SandBox Solution: By removing the financial burden, users are able to use SBOX tokens for their intended purpose of educating themselves on utilizing blockchain and cryptocurrency technology.
Blockchain Research, Education and DevelopmentDis-tribute welcomes research institutes and companies engaged in studying and educating others on blockchain and cryptocurrency technology. The data collected by SBOX token transactions can help researchers investigate use, encourage adoption, and development. SandBox is a gateway token providing access and an introduction to the developing blockchain ecosystem.
SandBox for Business SolutionsSandBox was also created to allow the Dis-tribute Company to explore the many business solutions that blockchain technology offers. The Dis-tribute team will keep and use a portion of the SBOX tokens for internal business solution research and development.
• Token Name — SandBox
• Token Symbol — SBOX
• Token Type — Ethereum ERC-20
• Total Tokens Issued — 500,000,000 SBOX
• 400,000,000 Eventual circulating supply consisting of:
o 250,000,000 SBOX – Website claim token giveaway
o 100,000,000 SBOX – In person giveaways (Conferences, Meetings, Dis-tribute Company Events etc.)
• 49,000,000 SBOX – Public research, education, and development
• 1,000,000 SBOX - Early SandBox Project supporters
• 100,000,000 Reserved for Dis-tribute Company projects
• Initial Token Price — N/A, all tokens will be given away at no initial cost to the community. Once all tokens are given away, we will close down the claim SBOX token page.
• Public Token Launch Date — October 10th, 2018
