Fun Token
Name
Fun Token
Summary
The FUNToken is an ERC-20 asset developed specifically for the online gambling and gaming industry. FUNToken combines the qualities of the Ethereum blockchain with a cutting-edge tech stack, making FUN a powerful resource for players, platforms, and developers alike. FUN supports a new age of digital gaming. Through the FUNToken ecosystem, stakeholders may benefit from further product development and the user base of FUN token holders.
Rating
Symbol
FUN
Overview
The project aims to develop a FUN Token ecosystem, whereby other gaming operators are incentives to integrate the FUN tokens on their platform. Through the FUN Token ecosystem, stakeholders may benefit from further product development and the user base of FUN token holders.
The firm’s business model focuses on selling access to their platform through white label casino operators and licenses to affiliates that market or refer players to casinos. FunFair Technologies will not mandate third-party game developers to open source their designs, except for the parts necessary to ensure fair gaming.
Historical Price Movement (in INR)
Technology
Despite operating on a public network, the underlying technology is not open source, except for what is needed to make the games provably fair.
FunFair will be a browser based online gaming platform utilizing HTML5 and WebGL standards on both mobile devices and desktop computers. Casinos will not control any players funds, instead, the player always controls their funds and place bets directly from their wallets.
A Fate Channel is FunFair's advanced version of a state channel. It is an essential component in delivering faster, fairer, more secure, and lower cost gaming than other blockchain applications. By performing off-chain execution of smart contracts, the second layer scaling technology reduces delay and costs when playing blockchain games, while also delivering real-time provably fair random number generation.
The FUNToken team plans to migrate to a sidechain to reduce transaction costs and avoid future congestion on Ethereum. The migration will be a 1:1 bridging mechanism with FUN, with no changes to the token supply.
Use of Native tokens in the ecosystem: FUN tokens can be used for in-game activities, gambling, and play to earn.
Founders & Project
78.7%
Investors
21.3%
Volume ( as of 17th april 2022)
$1,939,432
Total Supply
10,999,873,621 FUN
Circulating Supply
10,598,879,189 FUN
Crowd Sales
06/07/2017-ICO-$26M
Funding
NA
Country
Ireland
Name of Organisation
FunFair Technologies Europe Ltd
Year Incorporated
2018
Registered Address
The Victorians 15-18 Earlsfort Terrace, Dublin D02YX28
Dispute Resolution and Governing Law
Ireland
Country Risk Assessment
A2
Founding Team
| Name | Designation | Education | Experience |
| Jez San | Founder | - | 40 yrs |
| Oliver Hopton | Co - Founder | - | 16 yrs |
| Jeremy Longley | Co - Founder | Selwyn College, Cambridge: MA, Computer Science | 26 yrs |
| Michael O'Connor | CFO | University of Liverpool: BA (Hons), Business and Finance (1999 - 2002) | 19 yrs |
| Lloyd Purser | COO | University of Brighton: BA hons, International Business Studies | 24 yrs |
