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.

FAVOR is a key token of a coalition of multiple NFT projects that connect the on-offline industries, creating an ecosystem that crosses the real industry and the metaverse, and discovering a variety of business models. The goal is to be able to connect the established economic system with the Web3.0 economic system naturally.

FAVOR was released to the market without token sales and VC participation. Favor can be obtained by events and the staking of affiliated NFTs from FAVOR Alliance, with the exception of one million initial liquidity deliveries. Therefore, unlike most tokens, our value is built on platforms and communities. 
FAVOR is building a Web3 infrastructure and expanding the ecosystem, using FAVR as a utility token for the FAVOR Alliance and the DApp we built.

FAVOR

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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