This football-based token skyrockets 3,100% in just 24 hours

economictimes.indiatimes.com:

One such example is Qatar 2022 Token, named after the upcoming Fifa World Cup, which is scheduled to be hosted in Qatar in late November this year. Qatar 2022 Token has spiked as much as 3,130 per cent within the given period. The token zoomed to $0.000000000323 from $0.00000000001 on Friday, according to the coinmarketcap data.

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This means that this token turned an investment of Rs 10,000 into Rs 3.23 lakh within a short span of merely 24 hours. The token was launched recently, the data shows. Within the last 24 hours, the token registered a rise of 1,400 per cent in volume with coins worth $5.56 million changing hands. It has a total marketcap of $33.7 million. The total and maximum supply of Qatar 2022 Token is capped at 200,000,000,000,000,000 FWC with its self reported circulating supply being at 99,712,041.00B FWC, at the time of writing this report. Qatar 2022 Token is a project that was created with the aim of bringing football and cryptocurrencies together so that users can enter the world of crypto football. FWC is a BEP-20 token designed for buying tickets to the World Cup, booking hotels, using various related services, placing bets, and participating in lotteries. Football-related tokens have been on radar after the UK government announced sanctions against seven Russian oligarchs, including Roman Abramovich, the owner of Chelsea Soccer Club. Qatar 2022 Token is a binance smart chain based digital currency platform that allows users to create digital currencies while maintaining security and safety. Market players said that major football clubs like Liverpool and Barcelona are the latest entrants in