How To Buy Qatar 2022 Token (FWC)
10 Nov 2022
With the FIFA World Cup just around the corner, the team behind the initiative took a step further this year by launching the Qatar 2022 Token.
The name of this token represents the upcoming FIFA World Cup Qatar 2022. Currently, the Qatar 2022 Token (FWC) has a growing community of more than 20,000 holders. But what motivated the team to create this project?
What Is The Qatar 2022 Token (FWC)?
Qatar 2022 Token, also referred to as The Football World Community Token (FWC), is a project designed to bring football and crypto enthusiasts together, especially for users who wish to combine the joys of crypto and football.
FWC serves as a platform that allows users to create digital currencies while simultaneously ensuring users' safety and security. The team behind the project consists of passionate individuals, ranging from graphic designers to web developers asked to grow the platform.
Additionally, the native token of this project, also dubbed FWC, is fully owned and driven by its community. In other words, the FWC Token is a self-staking token. The decentralized nature of this token gives the community complete control over the project and its value. Currently, the team behind the project is planning to integrate China blockchain and NFT technology to enhance users' experience further.
The FWC token was released on the 10th of February 2022 on the Binance Smart Chain network. Its ecosystem relies heavily on the Binance Smart Chain, which ensures the authenticity, immutability, and traceability of the FWC Token. Also, it offers users immersive experiences through the help of a dynamic and customizable program referred to as the Application Programming Interface (APL).
Qatar 2022 Token (FWC) Tokenomics
The FWC token is the native token of FWC, with a maximum supply of 200 quadrillion tokens. So far, the network has burned 50% of the total token supply. As of November 10, 2022, the trading volume of FWC has reached USD $608,574. There are no fees or taxes associated with this token.
FWC is a BEP-20 token that extends to ERC-20, which means that the token meets the most common type of Ethereum token standard. Moreover, the FWC token offers economic incentives to all users who participate and contribute to the ecosystem. To summarize, this token is perceived to be utilized as a decentralized medium of exchange between users who interact within the FWC ecosystem.
What Can You Do With The Qatar 2022 Token (FWC)?
Alike different cryptocurrencies on the market, the FWC token also has real-world implications. Since the FWC token is a BEP-20 token, it allows users to purchase tickets to the World Cup. Not only that, but consumers can also use FWC tokens to book hotels, place bets, and participate in lotteries, the metaverse, and the NFT football games.
Future Projections For The Qatar 2022 Token (FWC)
The team is highly ambitious with its upcoming plans for the token. As per FWC’s whitepaper, right after the completion of FIFA World Cup 2022, the team will rename and rebrand the FWC token to “FWC CountryX 202X Token.” The changes are likely to take place in December 2022. They are part of FWC’s strategy to ensure that there is flexibility in renaming the token to cater to the FIFA world cup, which takes place every four years at a different location.
For the coming four years, a highly-capable technology known as the FWC New Country 202X Token will support the latest version of the token. The FWC project also intends to sponsor the upcoming World Cup games.
How To Buy Qatar 2022 Token (FWC) on AAX
AAX has been actively listing cryptocurrencies via its platform to enrich its user experience. Recently, AAX listed the Qatar 2022 Token (FWC). Here’s a step-by-step guide to buying this token on AAX.
1. Sign up For An Account With AAX
To start off, you need to go to the AAX site or app to sign up for an account. Once you have done so, you can view this interface where you can select “Trade” on the top left menu. Then, within the menu, please select the spot market.
2. Find The FWCM/USDT Trading Pair
After selecting the spot market, you can see real-time information and a candlestick chart of the selected trading pairs. In this case, you would want to look for FWCM/USDT via the search bar. You may also click on the candlestick icon to review the candlestick chart of the pair before proceeding to the next step.
3. Select The Type Of Order
On the right side, you will see that you are given two options for an order. You can choose between a market order or a limit order.
The Market Order allows you to trade crypto at the current market price with instant delivery to your spot account.
With the Limit Order, you need to enter the amount you want to buy, and the price at which you want to FWCM/USDT, before confirming the order.
When you have decided the type of order you would like to proceed with, you may enter the amount of FWC tokens you would like to purchase in the price and amount section.
4. Finalize And Confirm The Order
Last but not least, enter the finalized amount and review the order before submitting it. You would then become a proud owner of an FWC token. If you would like to learn more about how to trade on AAX, take a look at this Bitcoin tutorial for beginners- AAX Newbie guide.
Will FWC Token Rise in Popularity in The Upcoming Years?
All in all, there is no doubt that FIFA has millions of fans worldwide. There's therefore potential for the FWC token to grow.
The FWC token is projected to rise in popularity among those that are highly passionate about both the crypto and sports industry. FWC token joins the ranks of many other fan tokens such as Chiliz (CHZ) which have known great success among e-sports and sports fans over the years.
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