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Highlights
- Qatar 2022 Token (FWC) is primarily a Binance Smart Chain driven cryptocurrency that is aimed to bring football and cryptocurrencies together.
- On Thursday, the FWC crypto was trending hot as it was one of the biggest gainers of the day registering price gain of over 2500%.
- The 2911-ranked token was trading at US$2.76e-10 with a trading volume of US$4,798,317in over a day, as per CoinMarketCap.
Qatar 2022 Token (FWC) is primarily a Binance Smart Chain-driven cryptocurrency that aims to bring football and cryptocurrencies together. Traditionally, the football and cryptos alliance is quite popular with its fan tokens. The fan token market is dominated by football clubs. A few popular ones are City Fan Token, PSG Fan Token etc.
The FWC crypto on Friday was trending hot as it was one of the biggest gainers of the day registering price gain of over 2500%. The Qatar 2022 Token aims to popularise the Football World Cup, which is due from 21 November to 18 December.
Besides, the FWC crypto will also allow fans to purchase match tickets in a bid to ease the reservations process.
Also read: Will new crypto regulatory law in Dubai encourage crypto adoption?
What is Qatar 2022 Token?
Although the reason for today’s rally is still unknown, it seems the listing on the Estonian-based exchange Coinsbit triggered the spike. According to the project’s whitepaper, it will change the name of the token to X 2026 TOKEN, wherein it will look to make most of the sports technologies, such as AVR, EPTS player tracking, etc.
The official website of the Qatar 2022 token claims to have a circulation of 99,712,041,004,332,000 FWC coins. The website claims that it has already burnt approximately 50% of its total supply and has listed on PancakeSwap for more users to participate.
The website in its future roadmap states that it’s in the process of working on an NFT World Cup release which could see the light in Q2 of the year.
Also read: Green Metaverse Token (GMT): Why is it drawing attention?
Current price
The 2911-ranked token was trading at US$2.76e-10 with a trading volume of US$4,798,317in over a day, as per CoinMarketCap. The Qatar 2022 Token’s price has been up by over 2597.48% on 11 March with a fully diluted market cap of US$53,143,640.
The official website seems to be in the building phase and lacks information on the native token. While the rally may tempt a few to make a move, one must understand that cryptos are a volatile and risky asset. Therefore, one should be careful and do their respective market research before making decisions.
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