QWAN Coin (QWAN) is an ERC-20 governance and utility token used within the QWAN Ecosystem to power interactions within and across gaming platforms, power additional experiences and utility within Web2 and Web3 games, and coordinate a global community that spans all geographies and demographics united by a passion for play.
QWAN was created with four main functions: governance, use, spend, and incentivization.
1. GOVERNANCE QWAN serves as the governance token for The QWAN DAO that supports the QWAN Ecosystem and steers the future direction of the project through community proposal and voting processes.
2. USE QWAN will be used as a utility QWAN creating and enhancing Web3 gaming experiences. QWAN may be adopted by any third-party platform and game.
3. SPEND QWAN may be used as a currency within The QWAN Ecosystem for purchasing goods and services.
4. INCENTIVIZATION QWAN is used to incentivize participation in campaigns and initiatives supported by The QWAN DAO and the gaming community. Possible initiatives include developer and creator grants, rewarding certain game-based objectives, etc.