Online gamblers have a reason to smile since there is a cryptocurrency that has been specifically build to meet their needs and it is the FunFair (FUN) cryptocurrency.
Online gambling can be real hard especially for beginners. Even if you are gambling you have to look for a platform where you are guaranteed of the security of your funds.
FunFair (FUN) is developed to provide blockchain solutions for online gambling. By bringing blockchain technology into online gambling the cryptocurrency revolutionaries how the online gambling industry operates.
FunFair (FUN) is built on the Ethereum technology, which means it uses smart contracts.
Actually, FunFair is among the first cryptocurrency to venture in the online casino industry. Its main objective is to make online gambling:
- Much fairer
- More efficient
- Extremely entertaining
- Very secure
- Relatively cheap for users
The online gamblers will bear witness that finding an online gambling platform that is transparent and fair is quite hard. But with the decentralized peer-to-peer network, all this is easily achievable.
How FunFair network works
The main players in the FunFair network are the game developers, players and the affiliates.
On one side the game developers generate and distribute content (game DApps) to the FunFair platform. Then online casino players on the other side access the games and pay some tokens to play the games. The affiliates come in by bringing on board new players, for which they are rewarded with some tokens.
There is also Fate channels which offer services to the platform at a price, which is usually in form of tokens.
For the players to access the FunFair platform, they first have to pay casino license fee to be allowed access to the casino white label.
Why use FunFair (FUN)?
FunFair platform offers Turnkey solution for the online casino game developers. Developers are able to create their game applications in seconds and start getting payments from players who want to play the game.
The system is also very secure. It is well protected from hackers. Players and operators are not allowed to interfere with the developed games.
By using smart contracts, the system becomes very transparent since the player gets to understand what to expect before participating in any game. It is a kind of a contract between the players and also with the developers.
The Fate channels technology ensure that transactions are done promptly. This result in a fast enjoyable network.
It is also token powered. It uses FUN as its Token. The Fun token is the one used to pay players and developers.
The FUN Token is an Ethereum-based token. It is used to pay for the fee for operator license and also developers’ rewards.
Apart from that the token is also traded on a number of platforms. These include:
- NOVA exchange
Currently, a single FUN Token goes for $0.060073 USD. Its current market cap is $291,874,431 USD with a daily trading volume of $46,003,900 USD. The Circulating Supply is 4,858,654,389 FUN out of the total supply of FUN is 10,999,873,621 FUN.