Qwan tokens have a total supply of 1 billion with around 455 million, representing 45.5 percent, being allocated to the ecosystem treasury.
the qwana Web3 cryptographic token aimed at revolutionizing the gaming industry by engaging users, has announced plans to launch on the Ethereum ecosystem on May 31. Backed by key Web3 investors, including Horizen Labs Ventures, which has backed successful GamiFi projects such as Yuga Labs, The Sandbox, and Animoca Brands – the Qwan token intends to enable a decentralized economy for all gamers globally through the encouragement of their activities.
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 trading price of approximately $0.15.
“We are excited about QWAN and its potential to positively impact and shape gaming economies, driving new utilities and community-led governance that can appeal to existing Web2 gamers,” said Rohan Handa, Founding Member and Vice President. Business Development Senior at HLV.
Already as 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 that the Banger integration will work as a magnet for gaming projects with no financial incentives for its players.
“We are delighted that Banger is integrating The QWAN as its key gaming token and offering our players the opportunity to enhance their gaming experience. With The QWAN, our offering becomes unique in the market and allows us to provide gamers with an experience that cannot be found anywhere else,” said Borja Villalobos, CEO of Banger.
As a decentralized network, the Qwan Foundation uses QWAN DAO to ensure that the community has a say in the governance of matters affecting the protocol.
Market outlook
The tokenomics of a crypto token plays a crucial role in your overall market outlook. Crypto market leaders have called out projects that have allocated large amounts of tokens to early developers at the expense of secondary investors. As for the Qwan token, the team has established a fixed supply of 1 billion units. Of which 455 million, representing around 45.5 percent, are allocated to the ecosystem treasury which is governed by the Qwan DAO.
According to the Qwan Foundation, the 45.5 percent allocated to the treasury will be used for gaming incentives, association empowerment, and grants, among others.
In particular, approximately 25.3 percent of Qwan’s supply, amounting to 253 million units, has been to Qwan partners. The remaining percentage has been distributed among investors and launch contributors for an amount of 168.3 million and 123.6 million respectively. To ensure the stability of the Qwan network, the tokenomics is such that each category has its own unlock period, starting from 12 to 72 months.
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