Yes, you will need $SAND to make any purchases from The Sandbox's ecosystem. That includes LAND, ASSETs and GEMs.
The total circulating supply of $SAND is 3,000,000,000.
No, $SAND is not designed to be a stablecoin. The valuation of $SAND can change based on the supply and demand for it as well as other market factors.
Some of the $SAND investors are Square Enix, Hashed, Blocore, B-Cryptos and True Global Ventures. You can learn more about The Sandbox's investors and partners on our official Medium, here: https://medium.com/sandbox-game/.
We are not planning to burn any $SAND in the future. We are putting the $SAND that is consumed by users back into the ecosystem via the Foundation to support content production through grants to creators and the staking pool.
Yes. $SAND is a governance token that allows holders to participate in governance decisions on the platform using a DAO structure. They can exercise voting rights on key elements such as Foundation grant attributions to content and game creators and feature prioritisation on the platform roadmap. $SAND holders can vote themselves or delegate voting rights to other players of their choice.