In the cryptocurrency market, various events often become a reason for speculation, and major token unlocks are no exception. Consequently, the token of the decentralized blockchain-based gaming platform, The Sandbox (SAND), is at risk of declining as the project’s team plans to unlock a significant number of tokens.
According to Token Unlocks, 372 million SAND tokens are scheduled to be unlocked on August 14. These are project-owned crypto assets that were subject to restrictions upon issuance.
This amount of tokens accounts for 18.1% of the total supply, with 71 million SAND tokens being allocated to the project team, and the organization’s fund receiving 37 million. The remaining tokens will be distributed among project consultants.
