Qwan token launches on Ethereum blockchain

The launch, described as a 'token for the global gaming industry' aims to pave the way for a decentralized economy.

The Qwan global gaming token has gone live on the Ethereum blockchain.

From May 31 starting at 10:00 EST, the token listed on several cryptocurrency exchanges ranging from MEXC, BTSE and AscendEX, among others, at a price of $0.15.

Supported by The Qwan Foundation, the token is intended to act as a shared currency enabling a decentralized economy for gamers worldwide.

The Qwan is a community-led governance model that can be integrated by third parties as an open and permissionless digital token.

With the help of experienced Web3 leaders, The Qwan will focus on expanding the gaming ecosystem; its services, hubs and communities, to increase the appeal of various platforms or applications, all the while encouraging gamers to discover rewards and increase involvement in community governance processes.

Banger – the gaming platform and marketplace – will be the first to adopt and integrate the Qwan token and bolster the vision of The Qwan Foundation.

“We are thrilled to integrate The Qwan as its key gaming token and offer our gamers the opportunity to enhance their gaming experience. The Qwan market allows us to provide gamers with an experience that can’t be found elsewhere,” said Banger chief executive, Borja Villalobos.

The Qwan provides gamers access to several opportunities including trading, earning cryptocurrencies and owning their own digital assets.

The launch is supported by Horizon Labs Ventures (HLV), the Web3 advisory solutions provider with a background in supporting popular brands and start-ups, such as The Sandbox, Jam City, Animoca Brands, and more.

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Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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