The QWAN, a global decentralized gaming platform, is set to launch its native token ($QWAN) on the Ethereum blockchain on May 31, 2023. The token will also be listed on various exchanges.
QWAN, a decentralized gaming ecosystem, is launching its native token $QWAN, an ERC-20 token launched on Ethereum, for governance and utility purposes within its ecosystem and other third parties. The token is set to launch on Wednesday, May 31, 2023, aiming to expand decentralized Web 3 gaming. Alongside the launch, Banger, a decentralized gaming marketplace, confirmed it will be the first major gaming platform to integrate the token.
“We are thrilled for Banger to integrate The QWAN as its key gaming token and offer our gamers the opportunity to enhance their gaming experience. With The QWAN, our offering becomes very unique in the market and allows us to provide gamers with an experience that can’t be found elsewhere”, said Borja Villalobos, Banger CEO.
The token will be launched with support from the QWAN Foundation and several other top Web 3 gaming partners including Horizen Labs Ventures (HLV). HLV is a well-known advisory and strategic partner for several gaming platforms including Yuga Labs, The Sandbox, Jam City, Dust Labs, Animoca Brands, and many others.
The $QWAN token is a governance and utility token that powers the QWAN gaming ecosystem. The token powers interactions within and across gaming ecosystems, and offers additional experiences within Web 2 and Web 3 games, helping create a global gaming community. Third parties such as Banger can integrate $QWAN as an open and permissionless digital token, increasing the appeal of any application or platform.
Additionally, $QWAN is the governance token that powers the QWAN DAO, the decentralized framework that governs QWAN’s gaming ecosystem. The QWAN token is also used for incentivizing users, publishers, and gamers on the platform and external communities that adopt the token to enhance their gaming experiences. The token encourages the communities to participate in ecosystems and play games, discovering rewards across the ecosystems.
“We are excited about QWAN and its potential to positively impact and shape game economies, powering new utilities and a community-led governance that can appeal to existing Web2 gamers,” said Rohan Handa, Founding Member and SVP of Business Development at HLV.
The token will also allow gamers to access various opportunities to earn, trade, own their digital assets, and have a say in the governance of the gaming ecosystem’s future at large. The decentralized, open and permissionless token aims to shape the future of gaming for both Web 2 and Web 3 gamers, unlocking value across all segments of the gaming industry.
The tokens have a fixed maximum supply of 1 billion $QWAN tokens, with 450 million tokens dedicated to the QWAN DAO and the rest shared between partners, investors and launch contributors.
Banger ecosystem the first to adopt the $QWAN token
As alluded to, Banger will be the first popular gaming platform to integrate the $QWAN token and support its vision of revolutionizing the gaming ecosystem. Speaking on the partnership with Banger, Handa said:
“With the gaming token being adopted and integrated by the Banger platform, we believe QWAN can onboard the next wave of users to Web3 and push the gaming industry forward.”
Banger is a gaming hub and marketplace that provides ownership, income, and fun in a unified community whereby gamers can complete matches and guilds to win rewards. The integration with QWAN is expected to onboard more gamers to the platform while boosting the adoption of the token.
The launch of QWAN will coincide with its listing on several DEXs and centralized exchanges on the 31st of May starting at 10:00 EST including MEXC, AscendEX, and BTSE, at a listing price of $0.15.