What Is Favor (FAVOR)? Complete Guide & Review About Favor

What Is Favor (FAVOR)?

Favor was first issued on Apr 26, 2022 and is an NFT alliance token designed to cycle and connect the on-offline ecosystem of NFT projects. They continue to expand the use of FAVOR by forming an alliance with conventional offline companies that want to participate in the metaverse ecosystem, and form FAVOR Alliance with other NFT projects that have clear offline and online tokens to grow and contribute to develop within the same tokenomics system.

FAVOR Coin is a key currency for multiple NFT projects that connect on-off industries, creating an ecosystem that crosses the real industry and the metaverse, discovering various business models. It is designed to be converted into ‘NFT Brand Points’, which are offline points that can be exchanged for 1:1 value, in order to accelerate the entry of offline companies, considering and devoting their vision to a natural connection between the existing economic system and the metaverse economic system.

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FAVOR Price Live Data

The live Favor price today is $0.466521 USD with a 24-hour trading volume of $19,945.11 USD. They update the FAVOR to USD price in real-time. The is down 2.65% in the last 24 hours. The current CoinMarketCap ranking is #4943, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy Favor at the current rate, the top cryptocurrency exchange for trading in Favor stock is currently MEXC. You can find others listed on crypto exchanges page.

Ecosystem

They innovate the structured ecosystem in blockchain and in offline, connecting NFT projects based on blockchain technology to the ocean of offline world.

Vision

FAVOR Coin establish Alliance with offline corporations that wish to enter Metaverse ecosystem and NFT projects with clear on-offline utility. Favor is a key currency for multiple NFT projects that connect on-off industries, creating an ecosystem that crosses the real industry and the metaverse, discovering various business models.

It is designed to be able to naturally connect established and metaverse economic systems with a vision, and to be able to switch to ‘NFT Brand Point’, an exchangeable offline point to accelerate the entry of offline companies. Stay up-to-date with our community for the latest updates.

NFT & Tokenomics

It has become normal format for PFP project to build a community through large issuance, leading to the creation of various value-added business with the fame and influence of the community.

FAVOR Coin trend suggests that blockchain projects can influence offline and have sufficient value and influence as a practical collaboration and marketing tool. In this way, the community produces a separate added value, and tokenomics is applied in various projects as a means to properly share this added value with community members.

However, there is not enough supply and demand to compose the ecosystem with 2-3 thousand members of the typical project community. Therefore, there is a limit to the volume of value-added industries that can be generated

Conventional industries & Tokenomics

Offline companies have grown and developed through the economic system of international standard currency. Companies need to prepare for the future industry 5 or 10 years from now, and crypto assets have grown to a market of more than 1.6 trillion USD.

FAVOR Coin market is another huge source of demand. Therefore, it is at a time when review and entry into the blockchain is required. However, as discussed earlier, blockchain technology based on centralized system and decentralization has difficulties in direct connection, and requires long investment, trial and error from understanding the ecosystem to easily access it.