FunFair (FUN) – Game-Changing Blockchain Casino Technology
What is FunFair?
FunFair is a protocol for decentralized Casino-gaming software based on Ethereum. The project aims to reinforce trust in online Casinos by leveraging transparent blockchain technology.
FunFair allows Casino operators to license their technology and build online Casinos on top of their protocol. To guarantee an easy-to-use experience for users FunFair has implemented a specific form of state channels, the so-called “Fate Channels.”
Every gaming session occurs on these channels and bets are settled through smart contracts.
Connection to the underlying Ethereum blockchain only occurs at the start and the end of each session. The native token of this ecosystem is called FUN which is an ERC20-token.
It is used for in-game credits, payment to game creators on the marketplace, licensing fees and revenue for Casinos and all fees on the platform.
FunFair was founded by Jez San Obe and Jeremy Longley in 2017. The team is based in London. An ICO was held in June 2017 were 20 Million USD was collected.
Can FunFair be mined?
No, FUN is a Utility token. Therefore, it cannot be mined or staked.
What differs FunFair from other Cryptocurrencies?
FunFair is aimed at the online gaming and Casino industry. It offers a protocol were online Casinos can be built upon with low effort. A turnkey-solution for online Casinos that operate on the blockchain.
How much is FunFair worth today?
What is the total and the circulating supply?
The total supply of FUN is 10,999,873,621 and the circulating supply at the time of writing is 4,858,654,389 FUN.
Where can you buy FUN?
You can buy FUN on several cryptocurrency exchanges, most notably Binance and OKEx.
Can FUN be sold for cash?
You can sell FUN for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Ethfinex.
FunFair aims to go live with the first third-party gaming content in Q4 2018. Overall development is very active, and continuous improvements and increased brand recognition are frequently achieved.
Verdict and Rating
6/10 FunFair is offering a working solution to the online Casino industry that greatly improves trust and transparency. It does not operate as a Casino. Instead, it licenses out their technology to Casino operators. Development makes good progress, and the team is very experienced in the online gaming industry. One to watch.
DisclaimerThe writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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