In a huge leap forward for sports and entertainment, the IQONIQ FanEcosystem announced the listing of its IQQ Token on the well-renowned cryptocurrency exchange Bittrex Global, this week.
The token was listed, with IQQ/USDT and IQQ/BTC trading pairs becoming available from 4pm CET on Thursday 18th March.
As a pure utility, the new IQQ Token will be an important part of the wider IQONIQ family, which sets this new token apart. It will among other things, allow its holders to accelerate their benefits and incentives within the IQONIQ app, a revolutionary new fan engagement platform that is set to launch later in 2021.
How the two IQONIQ business will supercharge the market
Established as separate business entities to ensure the best possible solution is provided to both IQQ holders and app users and partners, the app already boasts an impressive list of over 100 global sports property partners across F1, Formula E, football, rugby, cricket, and many more, with a further 200 partner discussion ongoing. The IQQ token will allow holders to access exclusive content, merchandise, ticket shops, memorabilia, prizes, AR, and OTT platforms, to name a few, through either granting exclusive access to certain in-app elements, or by supercharging the in-app Loyalty Points rewarded to fans for their loyalty and engagement.
Speaking about the listing, IQONIQ CEO Kazim Atilla said the following:
“We’re delighted to have reached this milestone for not just IQONIQ, but for the industry as a whole. The IQQ Token will revolutionize the ways people are rewarded for their loyalty when used within the IQONIQ App which is set to launch this year. We already have a huge list of incredible partnerships with some of the biggest names in sports and entertainment today, and listing on Bittrex Global provides us with the perfect platform to make IQQ Tokens available for everyone.”
— Bittrex Global (@BittrexGlobal) March 17, 2021
What’s more, digital collectibles have been a central element to Atilla’s original vision for IQONIQ’s token and app businesses since 2017.
Recognized largely today as NFTs, these collectibles will not only be available to earn and trade through the app, but can also be minted, opening up a world of potential opportunities, and showing yet another way in which the IQONIQ app and the IQQ Token have very bright futures ahead.
All this is of course made possible by utilizing blockchain, which apart from offering transparency also ensures reliability of the network by reducing dependency on a single server. The blockchain which will be used by IQONIQ, will have the capability of executing thousands of transactions per second, meaning it will be well-positioned to handle the increased demand of future sports and entertainment markets.
How IQONIQ aims to change sports and entertainment
Burdened by a multitude of social platforms, ticket portals, online stores, and content offerings that often fail to reward fan loyalty, the IQONIQ app addresses the issues faced by many organizations and will deliver value back to the whole sports and entertainment ecosystem; from rights holders, idols, and brands to the fans themselves. When IQQ holders use their tokens to accelerate their benefits in-app, the world of possibilities are truly endless.
By bringing all the modern-day features of fandom under one roof, combined with the vast array of partners it already has, the IQONIQ app will be a global leading, all-encompassing, and truly engaging fan experience platform.
The listing of IQQ on Bittrex Global, with more exchanges planned to launch later this month, will help IQONIQ expand its community by becoming more accessible to investors and fans from across the world. Those interested in becoming part of the community and enjoying an immersive fan experience can visit Bittrex Global now to trade IQQ.
The IQQ Tokens are issued and marketed by IQONIQ FanEcosystem OU, an independent entity from IQONIQ Group SARL, which is the owner of the forthcoming revolutionary fan engagement app.