What Is Fun Token (FUN)?
Fun Token (FUN) is a cryptocurrency platform offering gaming facilities to users. The platform claims to be a one-stop gaming solution that offers fairness, transparency, and diverse gaming opportunities to players.
According to the website, the platform claims to offer the below-mentioned features to the users with FUN token:
Fast: speed up playing time with efficient in-game and wallet-to-wallet transactions
Security: ownership of the FUN token is anonymous on the platform
Seamless: FUN, the native token of the platform, is an ERC20 token that uses Ethereum blockchain to offer scalable transactions.
Transparent: all transactions are decentralized and trackable.
Open: the platform is open for a variety of individuals like players, developers, and casinos.
Focusing on the use of FUN tokens by casinos, the platform aims to offer the problems occurring in the online gambling industry. The industry lacks transparency and accountability of transactions due to which unfair gaming protocols become prevalent in the system. As a result, the platform uses decentralized blockchain features to make the iGaming process reliable and fun. Users are allowed to earn on the platform using the FUN token.
The platform seeks to offer an alternative to the scalability problems faced by participants using the Ethereum token. The Fun token aims to launch a new crypto asset (XFUN) on the sidechain (a separate chain with enhanced capabilities of existing blockchain) that is efficient and cost-effective for users. As a result, the platform aims to conduct zero cost and zero latency transactions.
The ecosystem is directly connected with FreeBitco.in to offer a variety of services to the users. The FreeBitco.in users are allowed to hold the FUN token to attain zero cost spins on the platform along with additional interest on their Bitcoin tokens. Apart from FreeBitco.in, the platform is listed on several other exchanges as well.
History Of Fun Token (FUN)
Fun Token was developed in the year 2021 by Adriaan Brink (CEO) and Peter Stenslunde (CFO). The roadmap illustrates that the platform burned 10,750,930 FUN tokens in 2021 as a part of the 50 percent gaming net profit. Burning is the process of removing coins from circulation by sending them to an inaccessible wallet address, thereby increasing the value of the token.
