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The QWAN launches token on Ethereum for global gaming industry

The QWAN launches token on Ethereum for global gaming industry

With the evergrowing interest in gaming and gaming tokens, The QWAN (QWAN), a gaming token aiming to facilitate a decentralized economy for gamers worldwide, is set to launch on May 31 on the Ethereum (ETH) blockchain with the support of The QWAN Foundation.

As part of The QWAN’s efforts to build a global gaming community, Banger has been chosen as the first gaming platform and marketplace to adopt and integrate the QWAN token, according to information shared with Finbold on May 30.

The QWAN is a platform-specific token for the gaming industry and its growing network of connected platforms, hubs, services, and communities. Its goal is to unify the gaming industry and culture worldwide via a shared economy governed by a decentralized community and backed by The QWAN Foundation. 

Permissionless and open digital token

The QWAN stands out as a permissionless and open digital token that holds the potential to enhance the usability of various products and services through third-party integration.

Furthermore, The QWAN endeavors to create a unique gaming environment that empowers players by offering rewards for their active engagement in a diverse range of games. 

In particular, it incentivizes players to explore rewards within ecosystems and actively participate in community governance processes, seamlessly integrating ownership opportunities and incentives into their overall gaming experience.

HLV adds expertise to QWAN launch

A key Web3 consulting and solutions provider, Horizen Labs Ventures (HLV), is lending their expertise to the launch. In the past, HLV has worked with reputable companies such as Yuga Labs, The Sandbox (SAND), Jam City, Dust Labs, and Animoca Brands, amongst many more.

Founding Member and SVP of Business Development at HLV, Rohan Handa, stated: 

“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.” 

He added:

“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.”

Ultimately, gamers across the world will have access to a wide variety of options to earn, engage in trades, acquire and keep ownership of their digital assets, and participate in the governance of the gaming ecosystem by including all stakeholders in shaping its overall future.

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