FUNToken Q4 2023 Token Burn Signifies Growth and Innovation in Gaming
The post FUNToken Q4 2023 Token Burn Signifies Growth and Innovation in Gaming appeared first on Coinpedia Fintech News
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Jan 8, 2018
Mar 13, 2020
FUNToken price is $0,005665, վար -0.43% in the last 24 hours, and the live market cap is $59.991.334. It has circulating supply volume of 10,999,873,621 FUN coins and a max. supply volume of 10,999,873,621 alongside $2.071.972 24h trading volume.
FunFair is a decentralized casino gaming crypto platform that implements the casino model on the blockchain. FunFair isn’t a casino operator but licenses its technology and games to casino operators, offering fast and low-cost network transactions.
The FUN token is the FunFair platform's proprietary ERC-20 cryptocurrency token.
Check the FUNToken current price, FUNToken price chart, 24-hour trading volume, market cap, max. supply, circulating supply, total supply, etc., and get updates on FUNToken live price in real-time on CoinStats, one of the best crypto platforms around.
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FunFair operates a blockchain-based network for casino operators to license. FunFair uses offchain processing through Fate Channel state channels to operate table sessions between players and game developers. FunFair combines the qualities of the Ethereum blockchain with an advanced technology stack, making itself a powerful resource for players, casino operators, and developers alike. The Ethereum blockchain provides a faster and easier experience than traditional online gaming. All transactions are decentralized, publicly recorded and tracked.
FunFair supports a new age of digital gaming. It rapidly increases game time through fast wallet-to-wallet and in-game transactions, which means gamers can reduce transaction times and spend more time playing. FunFair is anonymous while being open to anyone, i.e., users, communities, and developers can use FUN's features.
The FUN token is the ecosystem's universal gaming token that facilitates all forms of gaming with a transparent, provably fair, and widely used mechanism for funding and integrating disparate gaming opportunities. FUN tokens were created for managing transactions in the virtual game world and DApps.
FUN is an ERC-20 standard token, available on major exchanges like Binance, HitBTC, Uniswap, and BitFinex. It has over 350,000 crypto-savvy holders and is secured through non-custodial wallets.
The max supply of FUN tokens created during the company's official pre-sale on June 22, 2017, is 17 billion. During the pre-sale, over 80% of the tokens were distributed among industrial investors and buyers.
FUNToken has also launched a new XFUN token on the Polygon sidechain, which is more efficient and less expensive than Ethereum. The XFUN token is only accessible via a 1:1 bridging mechanism with FUN. Users will have to deposit their FUN to purchase the new token, which will reduce the supply in the trade and ultimately increase demand.
FUNToken has also released the XFUN Wallet on Google Play and App Store, providing a secure non-custodial way to store XFUN and FUN tokens and easily switch between them. XFUN Wallet offers fast, secure, smooth, and gas-free transactions.
FUNToken leverages the capabilities of the Ethereum blockchain. The FUNToken network is secured with the Proof-of-Stake consensus mechanism, i.e., participants must stake their FUN tokens to become a validator. The network also uses a strategic burn schedule for the FUN tokens to ensure that the value of the tokens is maintained.
FUN supports key processes on the network, and all transactions on the platform are tokenized using FUN. All tokens are stored in cold storage.
FUN is used as a payment method by:
To start using FUNToken, users must register through FunPass, an age and KYC verification platform. From there, an Ethereum smart contract is created between the player and a game developer, and all calculations for the game are played on a Fate Channel sidechain. To start, users must convert their funds into FUN for a small initial fee. When a player completes their session, the win-loss record and final balance are then recorded back on the Ethereum blockchain. This model increases the gameplay's speed and reduces transaction fees.
The game selection is determined by the open developer market, and casino staples like slots, blackjack, baccarat, roulette, and poker have been available on the beta network since May 2018.
FUNToken was created by Jez San, Oliver Hopton, and Jeremy Longley with the goal of using blockchain technology's decentralized nature to improve the gaming experience and enable players and enthusiasts to benefit from a genuinely fair gaming experience.
All three founders have an extensive background in gaming design and development.
FunFair Technologies was rebranded to "FUNToken" several years ago and is headquartered in Singapore with more offices in London, Malta, Gibraltar, and Guernsey – an extensive distribution for a small, relatively new crypto startup.
FUNToken (FUN) is one of the Ethereum blockchain's leading projects, and FUN is listed on major cryptocurrency exchanges such as Binance, Uniswap, Gate.io, HitBTC, and BitFinex. The most popular FUN trading pairs are ETH, BTC, UDST, and even US dollars.
You must examine the popular cryptocurrency exchanges' features before registering an account to buy FUN.
Some factors to consider are as follows:
● Supported deposit methods - Bank transfer, credit or debit card, cryptocurrencies
● Customer support
● User reviews
● Trading Volumes
Over $4 million worth of FUN is traded daily and can be stored in all ERC20-compliant cryptocurrency wallets.
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