Blockchain
FWC Tokens Can Now Be Exchanged for BNB and Bought on Different CEX & DEX platforms
Dubai, United Arab Emirates–(Newsfile Corp. – November 30, 2022) – Football World Community (FWC) fans can now buy the token through a number of different centralized and decentralized exchanges including but not limited to BitForex, PancakeSwap, Hotbit, BitMart, and more. The team also recently announced that users have the option of exchanging FWC for BNB or in any of the compatible CEX/DEX platforms. FWC is also the native token of the QATAR 2022 TOKEN project.
The team wants to leverage the sheer popularity of the global sport and the ongoing FIFA World Cup in Qatar to bring both football fans and crypto aficionados together. This is a project that hence aims to bring together these two worlds so that users can enter the world of ‘crypto football’.
What’s there to know about FWC?
The total supply of FWC tokens is 200 quadrillion (200,000,000,000,000,000) and there are no fees or taxes and it is entirely owned and operated by the community. Essentially, it is a self-staking token whose ownership was renounced and given to the community at the time of its creation. This decentralization of power has allowed FWC to thrive as a fully community-driven project with highly engaged holders and daily growth.
The FWC project, which was released on the Binance Smart Chain (BSC) network on February 10th, 2022, has been iteratively built and improved upon through volunteers within the community since its inception. Individuals from a wide range of backgrounds and expertise came together to contribute to FWC’s growth, including but not limited to graphic designers, writers, web developers, influencers, marketers, data analysts, translators, and many others who wish to turn FWC into an inspiring model of community-driven success.
What has FWC accomplished thus far and what are its future goals?
Ever since its launch, the project has since evolved into a unique social experiment in which the investors are assimilated into the project on both a community and developmental level. As such, FWC looks to do its part to contribute to this progressive, exciting age of the ‘Social Blockchain’, with considerable progress made by its community in a relatively short period of time.
Furthermore, in order to achieve a better collective customer experience, the team is currently integrating different blockchain and NFT technologies. The platform is also built on the BSC as aforementioned, which helps maintain digital assets’ authenticity, traceability, and immutability. To aid transactions, it also has a dynamic user interface as well as a fully customizable API. Moreover, as FWC Token is a BEP-20 token used to purchase club tickets, book hotels, use various related services, place bets, and participate in lotteries, its usage is primarily determined by users’ personal preferences.
The team also plans to rename this token ‘X 2026 TOKEN’ (COUNTRY 2026 TOKEN V2) and connect it to new football technology by the end of December, 2022. This new token will be used in football technology such as robots, AVR, and others. After December, the new version of the token will be available with access to cutting-edge technology for the next four years. Detailed information about the platform’s future goals can also be found via the official roadmap.
About FWC
With an innate desire to bring the exciting worlds of football and crypto together, the FWC team realized the vast potential that lay in a platform specifically designed to cater to these two specific industries. The team also consists of qualified individuals with experience across a range of different fields including branding, development, management, and more.
FWC may hence best be understood as a digital currency platform which enables users to create virtual currencies while striving to ensure their security and safety at all times. It has already gained various influential partners such as LBank, Gino Assereto, Sofia Zamolo, CoinTiger, BitMart Research, among others.
For additional information and regular updates, visit the official website along with the Instagram, GitHub, Telegram, and Twitter channels.
Contact: Leo King
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146198
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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