The total supply of Qwan tokens is 1 billion with about 455 million, representing 45.5 percent, allocated to the ecosystem treasury.
lawsA Web3 cryptocurrency token geared towards 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 like Yuga Labs and Sandbox, and Animoca Brands — the Qwan token aims to enable a decentralized economy for all players globally by incentivizing 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 listing price of around $0.15.
“We are excited about QWAN and its potential to positively impact and shape gaming economies, supporting new facilities 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 Qwan Token and work closely with the Qwan Foundation. As a result, the Qwan Foundation hopes that the Banger integration will act as a magnet for gaming projects without economic incentives for gamers.
“We are delighted that Banger is integrating QWAN as a key token for gaming and offering our gamers the opportunity to improve their gaming experience. With QWAN, our offering becomes very unique in the market and allows us to provide gamers with an experience that cannot be found anywhere else,” said Borja Villalobos, CEO Banger Corporation.
As a decentralized network, the Qwan Foundation uses QWAN DAO to ensure that the community has a voice in the governance of matters affecting the protocol.
market forecast
Digital currency token tokens play an important role in the overall market outlook. Cryptocurrency market leaders have advocated for projects that allocate huge amounts of tokens to initial developers at the expense of secondary investors. For the Qwan token, the team has set a fixed supply of 1 billion units. Of that, 455 million, which is about 45.5 percent, is for the ecosystem treasury that is governed by Qwan DAO.
According to the Guan Foundation, the 45.5 percent earmarked for the treasury will be used for gaming incentives, enabling partnerships, and grants, among other things.
Notably, approximately 25.3 percent of Qwan’s supply, amounting to 253 million units, was to Qwan Partners. The remaining percentage was divided between the investors and the absolute shareholders, which amounted to 168.3 million and 123.6 million, respectively. In order to ensure the stability of the Qwan network, the tokens are such that each denomination has its own unlock period, starting from 12 to 72 months.
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