SAND Risk

SAND (SAND)
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DESCRIPTION

SAND is the native utility token of the Sandbox platform, a virtual gaming metaverse built on the Ethereum blockchain. Launched in 2012 by Sebastien Borget and Arthur Madrid, the Sandbox aims to provide a decentralized and user-driven virtual world where players can create, own, and monetize digital assets and experiences. SAND serves as the primary currency within the Sandbox ecosystem, used for purchasing land, NFTs (non-fungible tokens), and participating in the platform's virtual economy.In the Sandbox metaverse, users can build and design their own virtual experiences, games, and virtual assets using the platform's intuitive and user-friendly creation tools. These creations can then be traded, sold, or shared with other users, fostering a vibrant and collaborative community. SAND token plays a vital role in facilitating these transactions, enabling users to acquire virtual land, buy and sell NFTs, and participate in in-world activities.
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SAND (SAND) : https://installers.sandbox.game/The_Sandbox_Whitepaper_2020.pdf
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RISKS OF SAND

Any investment in cryptocurrency and digital assets, such as SAND, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, as SAND is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding SAND. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to SAND. We encourage all users to perform their own due diligence to assess the risks associated with SAND and to determine whether this level of risk is acceptable to them. Neither SAND nor Satstreet guarantees the value of SAND, and holders of SAND will not have any recourse to SAND or Satstreet if the value of SAND declines for any reason whatsoever.

SATSTREET EVALUATION OF SAND

Satstreet Inc. has reviewed and assessed SAND prior to making it available through our services and has concluded that SAND is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove SAND from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about SAND, including an opinion that SAND is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed SAND, including, but not limited to, a review of the following: The creation, governance, usage, and design of SAND, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created SAND. The supply, demand, maturity, utility, and liquidity of SAND. Material technical risks associated with SAND, including any code defects, security breaches and other threats concerning SAND and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with SAND, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of SAND, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to SAND about whether SAND, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: June 2023

Risk Statements

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