What Is FunFair (FUN)?
FunFair (FUN) is a blockchain-based digital gambling platform meant as an out-the-box white label solution for online casinos. It supports cloud-based table and machine games in a web-based HTML5 ecosystem, and it uses Fate Channels (proprietary State Channels) to track game statistics off-chain. This avoids the typical bottleneck experienced by Ethereum dApps.
FUN is the proprietary ERC-20 cryptocurrency token used by FunFair, and transaction verification used by decentralized blockchains provides trust and security. We all know the house always wins, but FunFair can provide more transparency and fairness in the industry.
Who Is FunFair?
FunFair was created in London by FunFair Technologies Co-Founders Jez San Obe, Jeremy Longley, and Oliver Hopton. San is a computer gaming guru and investor in Kraken, one of the biggest cryptocurrency exchanges in the world. He also founded Argonaut Software, which powers a variety of other video games, much like the Unity and Unreal engines. The team is partnered with over a dozen developers and casinos and is consistently seeking new partnerships.
Use Cases of FunFair
The gambling industry is worth nearly $500 billion, and over $50 billion of that revenue comes from online gambling. FunFair isn’t trying to compete in this industry – instead, it’s trying to power it. And it’s already building quite the library of games, including poker, roulette, blackjack, baccarat, and more. The more casino games it can add, the more valuable the platform is for new casinos hoping to pick it up as a white label.
How to Mine FUN
FUN is an ERC-20 token on the Ethereum blockchain. It’s not mined, and is instead earned via network participation. The total token supply is 10,999,873,621 FUN, and it reached an all-time high value of $0.337854 on July 1, 2017, according to CoinMarketCap.
Learn More About FunFair
If you want to learn more about the FunFair, check out this comprehensive intro guide at Coin Central. They’re a much better publication than the fake news outlet they call Crypto Briefing. Or check out this comprehensive analysis report on the Golem blockchain project on Thought for Your Penny.