The Sandcoin project allows its holders to participate in the creation of a crowd-sourced sand quarry project in which non-metallic materials will be mined to generate revenue and buy-back the SND token at a higher price. The SND token is an Ethereum-based asset.
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The Sandcoin ICO started on the 18th of September and it will last until the 18th of November 2017. The ICO token allocation represents 93.23% of the total token supply and will be available for a $1.25 starting price each. The funding target for the ICO is $1175000.