Qwan tokens have a total supply of 1 billion, of which approximately 455 million, or 45.5%, is allocated to the ecosystem treasury.
The Qwana Web3 crypto token aiming to revolutionize the gaming industry by engaging users, announced plans to launch on the Ethereum ecosystem on May 31. , and Animoca Brands – the Qwan token aims to enable a decentralized economy for all players around the world by encouraging their activities.
Let’s take a closer look at the Qwan ecosystem
Several centralized exchanges, including MEXC, AscendEX, and BTSE, among others, will list the Qwan token on Wednesday at a listing price of around $0.15.
“We are excited about QWAN and its potential to positively impact gaming economies, fueling new public services and community-led governance that can appeal to existing Web2 gamers,” said Rohan Handa, Founding Member and Senior Vice President of Business Development at HLV.
Already a gaming platform and marketplace, Banger has announced plans to integrate with the Qwan token and work closely with the Qwan Foundation. As a result, the Qwan Foundation hopes the Banger integration will work as a magnet for gaming projects without economic incentives for their players.
“We are delighted that Banger is integrating QWAN as a key gaming token and providing our players with the opportunity to enhance their gaming experience. With The QWAN, our offering becomes completely unique in the market and allows us to provide gamers with an experience not found elsewhere,” said Borja Villalobos, CEO of Banger.
As a decentralized network, the Qwan Foundation uses the QWAN DAO to ensure the community has a voice in governance on matters affecting the protocol.
The tokenomics of a crypto token plays a crucial role in its overall market outlook. Crypto market leaders have called projects that have allocated huge amounts of tokens to initial developers at the expense of secondary investors. As for the Qwan token, the team has set a fixed supply of 1 billion units. Of which 455 million, which is about 45.5%, is allocated to the ecosystem treasury which is governed by the Qwan DAO.
According to the Qwan Foundation, the 45.5% allocated to the treasury will be used for gambling incentives, partnerships and grants, among others.
In particular, approximately 25.3% of Qwan’s supply, or 253 million units, was intended for Qwan’s partners. The remaining percentage was split between investors and launch contributors, amounting to 168.3 million and 123.6 million respectively. In order to ensure the stability of the Qwan network, the tokenomics are such that each category has its own unlock period, from 12 to 72 months.
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