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The total supply of QUAN tokens is 1 billion of which approximately 455 million, representing 45.5 percent, are being allocated to the ecosystem’s treasury.
quanA Web3 crypto token designed to revolutionize the gaming industry by involving users has announced plans to launch on Ethereum Backed by leading Web3 investors including Horizon Labs Ventures – which has backed successful gamify projects such as Yuga Labs, The Sandbox, and Animoca Brands – Quan Token intends to enable a decentralized economy for all gamers globally by incentivizing their activities keeps.
A closer look at the Quan ecosystem
Several centralized exchanges including MEXC, AscendEX, and BTSE will list the Qwan token on Wednesday at a listing price of around $0.15.
Rohan Handa, Founding Member and SVP of Business Development at HLV, said, “We are excited about positively impacting and shaping the QWAN and game economies, powering new utilities and a community-based governance that will benefit existing Web2 gamers. may appeal.”
Already a gaming platform and marketplace, Bangor has announced plans to integrate with the Quan token and work closely with the Quan Foundation. As a result, the Quan Foundation hopes that the Bangor integration will serve as a magnet for gaming projects without economic incentives to their players.
“We are thrilled for Bangar to integrate QWAN as our flagship gaming token and provide our gamers with the opportunity to enhance their gaming experience. With QWAN, our offering becomes very unique in the market and we have to deliver an experience that can’t be found anywhere else”, said Borja Villalobos, CEO of Bangor.
As a decentralized network, the Quan Foundation uses Quan DAOs to ensure the community has a voice in governance on matters affecting the protocol.
market Outlook
The tokenomics of a crypto token plays an important role in its general market outlook. Crypto market leaders have called out projects that allocated huge amounts of tokens to early developers at the expense of secondary investors. As for the Quan token, the team has set a fixed supply of 1 billion units. Of which 455 million, which represents about 45.5 percent, is allocated to the treasury of the ecosystem that is governed by Quan Dao.
According to the Quan Foundation, 45.5 per cent allocated to the treasury will be used for gaming promotion, enabling partnerships and grants.
Specifically, approximately 25.3 percent of the Quan supply, amounting to 253 million units, has been to Quan partners. The remaining percentage is divided between investors and launch contributors, amounting to 168.3 million and 123.6 million, respectively. To ensure the stability of the Quan network, the toenomics are such that each tier has its own unlock period, which ranges from 12-72 months.
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