CROWN, called CWT in its 2022 Thai launch coverage and CROWN in its smart contract, is an ERC-20 utility token on Ethereum. It was created to tie the film, series and animation intellectual property (IP) of Thailand's T&B Media Global to NFTs and a planned metaverse called Translucia. The supply is fixed at 140,000,000 tokens. As of 25 October 2026, the Ethereum contract shows 298 holders and no transfers in the previous 24 hours. Market trackers show about $119 of 24-hour trading volume. The project site's roadmap runs to 2025 but gives only years, with no dated milestones.
Key facts
| Item | Detail |
|---|---|
| Name and symbol | CROWN (on-chain symbol CROWN; launched in Thailand as CWT) |
| Network and standard | Ethereum, ERC-20, 18 decimals |
| Contract | 0xF3Bb9F16677F2B86EfD1DFca1c141A99783Fde58 |
| Total and maximum supply | 140,000,000 CROWN |
| Holders (Etherscan, 25 Oct 2026) | 298 |
| Circulating supply | 3,000,000, self-reported to CoinMarketCap (about 2.14% of max supply) |
| Price and volume (CoinMarketCap, 25 Oct 2026) | about $0.154; 24-hour volume about $119 |
| Mineable | No. The full supply is in the ERC-20 contract |
| Trading start in Thailand | 3 March 2022, per a Brand Buffet report dated 8 March 2022 |
CoinMarketCap's CROWN page contradicts itself. It shows a market cap of about $463,000 in its statistics panel but says "not available" in its summary text. It also describes the token as built on Solana while linking to the Ethereum contract. Etherscan and the project's own site both list Ethereum.
Who is behind CROWN
- T&B Media Global (Thailand) is an animation and film producer and the IP owner the token is built around. Its founder is Dr. Jwanwat Ahriyavraromp, who MQDC's June 2022 release names as Founder and CEO of both T&B Media Global and Translucia.
- Vega Investment Group is the issuer, according to CoinCarp's project page, which describes it as an affiliate of T&B Media Global.
- VUCA Digital develops and manages the project, according to CoinCarp. The project's team page lists Pannathorn Lorattawut, CFA, as CEO of VUCA Digital. The March 2022 Brand Buffet report names Pannathorn as T&B's Chief Business Development Officer and Chairman of VUCA Digital's executive board.
- Pellar Technology (Australia) is named in the launch coverage as T&B's partner in developing the ADOT NFT platform.
- MQDC, a Thai property developer, was named in the 2022 launch coverage as a partner that would build on CROWN. MQDC was also the first partner in T&B's Translucia metaverse, according to MQDC's 30 September 2021 release.
What the token is meant to do
The launch coverage of March 2022 lists these holder benefits:
- NFT airdrops from six animated titles that T&B planned to develop between 2022 and 2025: Legends of the Two Heroes, FriendZSpace, Looking for Gods, New Legend, The Forestias and Blue City.
- Votes on the direction of T&B films and animations, and participation in film and NFT projects.
- Perks on T&B's SMO Live platform.
- Access to the Translucia metaverse.
The ADOT NFT platform was built for CROWN. On ADOT, creators can attach utilities to collections, for example a special NFT for collectors who complete a set, which can be redeemed for meet-and-greet access.
Who holds the 140 million CROWN
How is the fixed 140,000,000 CROWN supply split between public sale, investors, founders and other allocations?
Data table
| Item | % | Source |
|---|---|---|
| Public sale | 50 | |
| Institutional investors | 18 | |
| Private placements | 10 | |
| Reserve | 10 | |
| Founders | 10 | |
| Airdrops and whitelists | 2 |
Data table
| Item | % | Source |
|---|---|---|
| Public sale | 70,000,000 | |
| Institutional investors | 25,200,000 | |
| Private placements | 14,000,000 | |
| Reserve | 14,000,000 | |
| Founders | 14,000,000 | |
| Airdrops and whitelists | 2,800,000 |
This shows the planned split reported by an aggregator. It does not show how many tokens have actually been released, when the rest unlock, or who holds them on-chain today.
Token allocation
| Allocation | Share | Tokens |
|---|---|---|
| Public sale | 50% | 70,000,000 |
| Institutional investors | 18% | 25,200,000 |
| Private placements | 10% | 14,000,000 |
| Reserve | 10% | 14,000,000 |
| Founders | 10% | 14,000,000 |
| Airdrops and whitelists | 2% | 2,800,000 |
These figures come from CoinCarp's project page. CoinCarp also lists a token sale on 17 and 18 April 2023 of 35,000 CROWN at $3 per token, which raised about $0.1 million. The trading price of about $0.154 on 25 October 2026 is roughly 95% below that offer price.
Translucia: the metaverse the token was meant to unlock
- 30 September 2021: MQDC announced that it was the first partner in Translucia, led by T&B Media Global. It cited a first-stage investment of THB 10 billion and an expected value of "at least THB 100 billion".
- 15 June 2022: Translucia Global Innovation, described as a subsidiary of T&B Media Global (Thailand), announced a Metaverse R&D Center in Melbourne with an initial budget of US$100 million, developed with Australian firm Two Bulls.
- 2023 to 2025: The project site's roadmap names the years 2023, 2024 and 2025 but no events or dates. The project's 2022 roadmap had planned "Translucia Metaverse x CROWN" for 2024.
Risks specific to CROWN
- Thin liquidity: About $119 of daily volume and 298 on-chain holders mean that small orders can move the price, and it may be hard to exit a position.
- Supply overhang: Only 3 million of the 140 million tokens are self-reported as circulating. The project site does not publish a release schedule for the rest.
- Dependence on one IP owner: The token's value proposition depends on T&B continuing to release content, NFTs and metaverse access.
- Inconsistent data: Trackers disagree on market cap, circulating supply and even the network, so check figures on-chain.
Official links
- Project site: https://crowntoken.io
- T&B Media Global CROWN page: https://www.tandbmediaglobal.com/crowncoins
- Whitepaper (T&B Media Global): https://www.tandbmediaglobal.com/_files/ugd/50a585_149c0b6464744a8f95a2ed763ff1af9f.pdf
