94
We are ultimately headed towards a day that is on the near horizon when credit card transactions will be on the blockchain.
But the blockchain-based gaming sector is a vast market with the potential in the next few years to become a multi-billion dollar market.
According to an article published February 2021 by Cointelegraph there has been an increase in gambling & players and the increase & growth of the blockchain-based multiplayer gaming industry was a factor that pushed the price of the FunFair protocol's native token FUN higher.
The FunFair Protocol & FUN Token
A simple definition of FunFair is a white-label, turnkey blockchain-based casino
Aims of the FunFair Protocol
The goal of the FunFair platform is the provision of services with zero set up fees & zero monthly minimums.
Another aim of the FunFair protocol is to provide transparency in order to prevent cheating from both casino operators and players which is due to a problem which online casino operators encounter & that being the present online gaming infrastructure where servers are vulnerable to tampering & fraudulent activity which has created player mistrust of online casino operators & additionally this has created a sense of insecurity felt by players in relation to the authentic odds of the game. But FunFair founder Jez San said that the infrastructure of FunFair does not consist of thousands of servers in a remote island, there are no servers & there is no infrastructure because the blockchain provides FunFair's servers & according to Jez San the very fact that FunFair's infrastructure is built on blockchain technology simply means nobody will end up being cheated.
FunFair Protocol, Casino Operators & Game Developers
Due to decentralization casino operators can benefit from savings on server & bandwidth costs and minimize chargebacks incurring
Fun token is related to gaming & gambling & is listed on exchanges such as BINANCE & FunFair seeks to decentralize casino gaming & place casino gaming on the blockchain.
The usage of decentralized & secure Ethereum smart contracts by FunFair minimize costs for the operator & can even be audited by players.
The original design of FunFair was to provide game developers & casino operators with the ability to create fully customizable player experience on the blockchain.
White label technology & blockchain transparency are features of the FunFair protocol which has attracted game designers.
FUN Token
The native utility token of the FunFair ecosystem is the Fun token which is an ERC-20 standard token issued on the Ethereum blockchain. Fun tokens are designed as a reward as payment for game developers. Players require Fun tokens to place bets & for instance as a user of the Freebitco.in faucet, every hour I can claim free Fun tokens & when I accumulated a certain amount of Fun tokens I was able to place a bet on Max Verstappen to win the Montreal Grand Prix which he did end up winning & the winnings from this bet I placed were rewarded or credited to my Freebitco.in account in Fun tokens because Fun tokens acts as the fuel which drives betting.
FunFair Protocol's Technology
The FunFair protocol eliminates the requirement of a trusted intermediary by using peer-to-peer technology & smart contracts.
The FunFair protocol has integrated Layer 2 solutions minimizing gas fees.
FunFair's Launch, ICO, Founder & Expansion
In 2017 FunFair was launched in Singapore & by June 2017 that same year FunFair had a successful ICO which raised $26 million for 21.3% of all Fun tokens which were issued at 0.7? per Fun token & following the ICO in June 2017 Fun token emerged on the open market but was affected by the bear market & at present Fun tokens are trading below the FunFair ICO price. The volume of Fun token traded on Binance is over 80%.
The background of the team at FunFair is diverse. FunFair Technologies' team are experienced in the online casino space & in addition has members with marketing expertise.
FunFair Technologies was founded by Jez San the British game developer, entrepreneur & the founder of Argonaut Software & brings to the table his background in online gaming & gambling, the background of FunFair Technologies' CTO Steve Longley is 2D & 3D game development & along with Jez San co-founded PKR.com.
FunFair Technologies Expansion, Access to the Asian Market & Partnerships
FunFair has expanded its offices into London, Malta, Gibraltar & Guernsey. FunFair created a new business unit in October 2020 to explore multiplayer games, its integrated Layer 2 solutions serving as the base for multi-player games & FunFair signed a distribution agreement with EveryMatrix which is used by 600 global casino brands
FunFair partnered with Sydney, Australia based slot game creator Big Wave & this alliance gave FunFair access to the Asian market. FunFair has also partnered with RakeTheRake which is a leading UK-based poker affiliate & UK-based slot games developer Spike Games
FUN Token & FunFair Wallet
FUN token storage is suited to offline wallet storage & Ethereum supported wallets likewise support Fun token since Fun token is an ERC-20 standard token issued on the Ethereum blockchain & FUN tokens can be stored on wallets such as METAMASK & Coinomi
The FunFair wallet has integrated several payment options such as Moonpay, Uniswap & Changelly. The FunFair wallet also supports xDAI.
Freebitco.in Faucet: Claim Free FUN Tokens Every Hour & Use Those FUN Tokens to Place Bets
If you are interested in acquiring free Fun token every hour which you can even use to place free sports bets on Spanish soccer league & German Bundesliga soccer matches & users can even place free bets on NFL regular season games and multiply your free faucet earnings should your team win. But unlike conventional betting companies which claim to offer free online bets & then when you check out the offer, you need to sign up & put a deposit from out of your own pocket, then in my opinion that's not a free bet if you have to deposit even one cent of your own money, but, I will leave a link for the Freebitco.in faucet here, sign-up is free, zero deposit & zero risk as you place free bets with free Fun tokens you earn every hour: https://freebitco.in/?r=51590276
In Canada if you want to purchase FUN tokens you can do so via the MEXC App which is available in Canada & even in India too.
Previous Posts
https://www.publish0x.com/encryptocurrency-blogger/understanding-tokenomics-xevjzmz
https://www.publish0x.com/encryptocurrency-blogger/worldcoin-a-dangerous-threat-not-to-be-underestimated-xevjozg
https://www.publish0x.com/encryptocurrency-blogger/chinas-ultimate-aim-of-cbdc-enforcement-on-businesses-whilst-xjdjrez
https://www.publish0x.com/encryptocurrency-blogger/smart-contracts-explained-xgvdpkp
https://www.publish0x.com/encryptocurrency-blogger/what-are-protocols-in-cryptocurrency-xvzrrzz
https://www.publish0x.com/encryptocurrency-blogger/play-to-earn-game-fi-gaming-explained-xwvngeo
