WELT

Overview of WELT

Fabwelt, a Web3 gaming platform, integrates blockchain technology to offer an innovative Play-to-Earn gaming experience. At the core of its ecosystem is the WELT token, which plays a vital role in enabling transactions and rewarding players.

To obtain more information, you can visit their website: https://www.fabwelt.com/ and try to log in or register to use more services.

Pros & Cons

Pros:

• Integrated Web3 Gaming Ecosystem: Fabwelt provides a holistic ecosystem where users can play, earn, trade, and stake.

• Play-to-Earn Model: Players can earn WELT tokens through gameplay, creating an incentive for consistent engagement.

• Active Gaming Community: Fabwelt's community fosters engagement and collaboration among gamers and developers.

• Cross-Chain Compatibility: WELT operates on multiple chains, ensuring flexibility and a broad reach.

• Utility in Multiple Gaming Aspects: The WELT token is used across various games, as rewards, fees, and in-game purchases.

Cons:

• Regulatory Risks: Cryptocurrency regulations vary globally, potentially affecting platform adoption.

• Blockchain Understanding Required: Users must be familiar with blockchain wallets and transactions.

• Rapidly Changing Web3 Trends: Adapting to new trends in Web3 gaming requires continuous innovation.

What Makes Fabwelt Unique？

• Web3 Gaming Integration: Fabwelt uniquely integrates Web3 technology, allowing players to earn and spend WELT tokens in a decentralized ecosystem.

• Multi-Gaming Ecosystem: Offers multiple game genres, including action, strategy, and sports, under a single platform.

• NFT Integration: Players can collect, trade, and utilize in-game NFTs for enhanced gameplay.

• Cross-Chain Compatibility: Operates on Binance Smart Chain and Polygon, ensuring lower fees and higher transaction speeds.

• Staking and Farming: Allows players to earn additional rewards by staking their tokens.

How does WELT Work？

WELT is the native utility token of the Fabwelt ecosystem, functioning as:

• In-Game Currency: Used for purchasing in-game items, upgrades, and power-ups.

• Rewards: Earned through gameplay, competitions, and tournaments.

• Transaction Fees: Applicable for marketplace transactions and NFT trading.

• Staking: Users can earn interest by staking WELT tokens in the platforms DeFi protocols.

Price

• Overall Trend: During this period, WELT's price exhibited a slight downward trend. The opening price on May 1st, 2024, was $0.01136 and the closing price on May 8th, 2024, was $0.01072, representing a decrease of approximately 5.7%.

• Daily Fluctuations: There was some daily volatility with prices going up and down. The highest high was $0.01162 on May 4th, 2024, and the lowest low was $0.01067 on May 8th, 2024.

• Trading Volume: The trading volume appears to be relatively consistent throughout the week, with a slight increase on May 2nd, 2024.

Exchanges to Buy WELT

WELT tokens can be acquired on the following exchanges:

• Binance: One of the largest and most well-known cryptocurrency exchanges globally, offering a wide range of trading pairs, advanced trading features, and various services including spot trading, futures trading, staking, and more.

See this link for details on how to buy WELT: https://www.binance.com/en/how-to-buy/fabwelt

• KuCoin: A global cryptocurrency exchange known for its user-friendly interface and wide range of supported cryptocurrencies. KuCoin offers various trading services including spot trading, futures trading, staking, and lending.

See this link for details on how to buy WELT: https://www.kucoin.com/how-to-buy/fabwelt

• BitMart: BitMart is a premier global digital asset trading platform that offers a wide range of cryptocurrencies for trading, including popular tokens and newly listed coins. It aims to provide a seamless trading experience for both beginners and experienced traders.

• PancakeSwap: A decentralized exchange (DEX) running on the Binance Smart Chain (BSC), PancakeSwap allows users to swap BEP-20 tokens, provide liquidity, and farm CAKE tokens through yield farming.

• QuickSwap: A decentralized exchange (DEX) built on the Polygon (formerly Matic) network, QuickSwap enables users to swap various ERC-20 tokens with low fees and fast transaction times.

• Bitrue: Bitrue is a cryptocurrency exchange platform that offers trading services for a wide range of digital assets, including popular cryptocurrencies and tokens. It also provides additional features like staking, lending, and a mobile app for convenient trading on the go.

• Coinsbit: Coinsbit is a cryptocurrency exchange based in Estonia, offering trading services for a variety of digital assets. It provides users with features such as spot trading, margin trading, and staking, along with security measures like cold storage and two-factor authentication.

• ApeSwap: A decentralized exchange (DEX) and automated market maker (AMM) built on the Binance Smart Chain (BSC), ApeSwap allows users to trade BEP-20 tokens, provide liquidity, and earn rewards through yield farming.

• BingX: BingX is a cryptocurrency exchange platform that provides various trading services, including spot trading, futures trading, and more. It aims to offer a secure and efficient trading experience for cryptocurrency enthusiasts worldwide.

How to Store WELT？

Clients can store WELT through connecting Metamask and WalletConnect.

• MetaMask: MetaMask is a popular cryptocurrency wallet and browser extension that allows users to interact with the Ethereum blockchain and Ethereum-based decentralized applications (DApps). It provides features for securely storing Ethereum and ERC-20 tokens, managing digital assets, and seamlessly connecting to decentralized finance (DeFi) platforms.

• WalletConnect: WalletConnect is an open-source protocol that enables secure communication between decentralized applications (DApps) and mobile wallets. It allows users to interact with DApps directly from their mobile wallets without compromising security. WalletConnect aims to enhance the user experience of decentralized finance (DeFi) and blockchain applications by providing a seamless and secure connection between wallets and DApps.

Is It Safe？

Fabwelt employs advanced security measures, including smart contract audits and multi-signature wallets, to protect user funds. However, users should practice safe crypto habits, like using 2FA and secure wallets.

How to Earn WELT？

• Play Games: Earn rewards by participating in various games.

• Stake Tokens: Stake WELT tokens to earn additional rewards.

• Competitions and Tournaments: Win prizes in organized events.

• NFT Trading: Buy and sell in-game NFTs on the marketplace.

FAQs

Question: What is the primary utility of the WELT token？

Answer: The WELT token serves as the primary in-game currency and reward system on the Fabwelt platform.

Question: Which chains support WELT tokens？

Answer: WELT operates on Binance Smart Chain and Polygon.

Question: How can I earn WELT tokens on Fabwelt？

Answer: Players can earn WELT tokens by playing games, staking, or winning competitions.

Question: Is Fabwelt suitable for non-crypto gamers？

Answer: Yes, Fabwelt offers a user-friendly gaming experience while integrating crypto rewards.

Question: How do I store WELT tokens securely？

Answer: Use MetaMask and Connect Wallet.

Risk Warning

Investing in cryptocurrencies requires understanding potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any investment activities, recognizing these risks as part of a wider risk environment.