What is FunFair Token?
The FunFair token provides a solution to numerous issues around the unfairness and deceitfulness of popular online casinos across the web. The main goal of the project is to ensure low cost and high-quality transparent experience. Many complaints are coming from such casino websites because they are centralized, and they are not auditable since most of them are not an open source technology. At the end of the day, you don’t know how these platforms manipulate the games and their winning chances. Therefore, the FunFair cryptocurrency offers exactly the opposite, a solution to that low transparency issue and more, but how? We can start from the fact that it is a blockchain technology which means that it is totally decentralized, and group consensus is needed to achieve changes. It is built on top of the Ethereum blockchain as an ERC-20 token permitting the usage of smart contracts which allows the creation of gambling apps. I want to emphasize strongly on the fact that FunFair is not a casino platform, it gives the opportunity to start your own casino by following the rules of the network. The total supply is currently at 10,999,873,621 FUN tokens, with no max supply stated for now.
Advantages
FunFair gives you the unique opportunity to have fun and earn some money in the meantime, without having any doubts about the transparency or the way of distribution of the winning prizes. On the other side, it provides the chance to create your own casino and make money out it, but in a fair way.
- Open-source platform
- Quick transactions
- Lack of fraudsters
Disadvantages
And of course, nothing is perfect so there are a few disadvantages, but they are not major ones.
- Mainnet has no official release date
- Lack of impacting features
History and Evolution
The FunFair token was started in 2017 as an ICO crowdfunding and raised the total capital of $26,000,000 for around a month. Apart from the amazing idea behind the project, the development team is also exceptional. Jez San Obe is the founder and considered to be a pioneer in the field of 3d gaming graphics. He is also the founder of Argonaut Software which designed the first chip used to power 3d games like Star Fox, Harry Potter, and Croc and that was in his teenage years. Jaz is recognized also as an active investor and developer of the blockchain technology. Jeremy Longley (founder and CTO), a person with more than 15 years of experience in the management of technology development of all types from advanced video-game software to enterprise-scale infrastructures. The last name behind the scene is Oliver Hopton, he is founder and developer of the FunFair platform and he is also a skilful planner and builder of gaming products with over than 10 years of experience in that field. The current goal of the FunFair cryptocurrency is to establish a blockchain based network available for the casino sector and offering better efficiency, easy access to new markets and more transparency. More about their future plans and implementations you can find at the roadmap section of their website.
FunFair Blockchain
Tokens don’t have their own blockchains, usually, they are created with ERC-20 smart contracts under the supervision of the Ethereum network and its blockchain. For any app hosting and transaction processing, they use the same ETH chain.
How to get FunFair Tokens at Exchanges
Unfortunately, the FunFair token s available only at crypto-to-crypto exchanges. To obtain it, you’ll need to get a hold of some Bitcoin or Ethereum from an exchange supporting fiat-to-crypto pairs. FUN token presents the fair way of gambling and it appears to be quite a revolutionary solution to many problems in the web casinos industry.
| Exchange | Buy FunFair token with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum | – | Trade now | |
| Bitcoin, Ethereum | USD | Trade now | |
| Bitcoin and 2+ more | – | Trade now |
Wallets for FunFair
There’s no official wallet released for the FunFair token, but for each ERC-20 token in the Ethereum network you can use MyEtherWallet (MEW). Otherwise FUN token is compatible with Exodus, Gaurda, Mist, and others. Speaking of digital assets, I highly suggest backing up your wallet because the internet brings many threats, here you can find a comprehensive guide how to do that. Don’t panic if you cannot see your token inside your wallet, read this article and you will find the way to fix that.
Alternative Wallets for FunFair
Yes, there are alternative wallets with different features to serve and satisfy more personal needs of yours. You can get a hardware (no internet access) wallet, also called “cold” wallet, if you want to have top security measures. Otherwise, you can choose one of the many alternative hot wallets. There are versions accessible from either a mobile phone, desktop computer or web pages. Please have a look at the list below.
Web Wallets:
News
Gathering information could be quite annoying especially when you don’t know where to look in order to find and sort it by relevance. After getting deep in this FunFair review, my advice is to go with the official sources first, like FunFair`s homepage or their Twitter account. On their main page, you can find everything related to their roadmap, future implementations, plans and much more info which can only help you understand the meaning and purpose of the project.