Read Also:
What is PawFury?
PawFury is a play-to-earn (P2E) blockchain game that utilizes its token (PAW) for in-game purchases, staking and accessing various features and rewards. To maintain compliance with the international laws, the company advertises to follow protocols of Know Your Customer (KYC) & Anti-money Laundering (AML). In addition to in-game purchases, revenue generation will be done by charging 2.5% commission on all transactions.
***1793373934303490501***
PawFury Tokens ($PAW)
PAW started its presale in the first quarter of 2024 with a total of 2 billion tokens. 56% of the tokens have been allocated for pre-sale and 10% for the exchange liquidity. The company is advertising 8 stages of presale. Currently the token - $PAW is in the 4th stage of presale. The company is planning for Centralized Exchange (CEX) listing in the last quarter of 2024 followed by global release in the first quarter of 2025.
Market status of PAW
At the moment, the listing price of PAW is $0.012 at presale. Presales are often discounted to attract customers and investors before hitting public exchanges. Sources claim that $2.6 million have been raised so far. Therefore, this value does not necessarily reflect the future market value.
Potential Risks
- Due to the hype surrounding PAW, some customers might fall victim to the FOMO (Fear of Missing Out).
- Since PAW is not on public exchanges yet, some customers might try to buy it through unofficial channels such as Over-the-Counter (OTC) trading. OTC is done via another seller; therefore, it poses an additional risk as compared to established exchanges.
- Due to lack of trading history and exchange listings, predicting the price of PAW after hitting the market is unpredictable which makes it volatile.
Hype or Reality?
Even though PawFury is a new project, the hype around PawFury is quite positive and there are several analyses predicting potential for growth. One should be very cautious because the hype may be due to the marketing efforts and the project may not turn out to be as positive as some people are claiming it to be. Reading the whitepaper to understand the project and its goal also helps making a decision. Moreover, presales are high risk and one should always do research and invest carefully.
In a nutshell, there are a lot of unknowns. Market experts are of the opinion that this growth potential comes with significant risks. However, when has there ever been an investment without risk?
Explore more crypto insights with our Bitscreener Exclusive
Stay updated with daily hot news on Trending News
Hamza Malik
How to Find the Most Trusted Crypto-Based Entertainment Platforms
.png)
Leveraged ETFs and Gold: The Go-To Strategies for Traders Amid Market Volatility
