By
Temitope Olatunji
April 18th, 2024
FunFair, the fastest decentralized casino platform announces ICO, beginning June 22, 2017.
The world’s fastest Ethereum blockchain casino platform, FunFair has announced the launch of its token creation event, starting June 22, 2017, shortly after 10 AM (EDT). The use of breakthrough “Fate Channels” technology makes the games on Funfair not only fast but also fair and fun to play.
The founder and CEO of FunFair Jez San OBE explaining the company’s vision said,
“Unlike other companies, we have much more than a white paper and a dream for our token creation event… We’ve already developed real, playable casino games that prove our model works. Our vision is a limitless universe of transparent, secure casinos that can be easily created by anyone, anywhere in the world.”
The platform’s whitepaper offers more details about FunFair and the upcoming token creation event.
Disrupting the Global Casino Game Market
FunFair’s founders have a proven track record of over 40 years creating innovative, interactive entertainment products and have sold millions of games in the process. At FunFair, the team has solved three key problems necessary to disrupt the projected $60B global casino game market using blockchain technology: lack of fairness, slow game speed, and poor game experience.
Unlike other casino game platforms, FunFair is the:
Fastest – FunFair games are the fastest of blockchain casino games, occurring on the Ethereum blockchain without centralized servers. As a result, players see results in real-time that are fully auditable and provably fair while still fun and engaging.
Most Fun – FunFair games have the same rich 3D graphics and slick user experience that players of app-based games have come to love.
Most Fair – Players’ distrust of existing online casinos is widespread. FunFair uses highly transparent, Ethereum smart contracts with the code on the blockchain, creating the fairest online casino games available today. Players can see all their games and that of others to verify the outcome’s fairness and tp confirm whether they should have been paid.
Safest – FunFair games require no deposit or withdrawal. Players retain full control over their funds at all times. It ensures that the players at any point of time won’t be locked out of the platform, losing access to their funds in the process.
Lowest Cost – FunFair Fate Channels is known to handle transactions efficiently while charging a negligible transaction fee to its players. Players only pay at the beginning and end of each session – not for each hand or roll of the dice like most other games. As a result, players receive the biggest profits without delays or withdrawal fees – even during long sessions that most players desire.
Easy to Use – FunFair games require no download or sign up. Players can start playing immediately by just clicking on the link.
FUN Tokens and How to Participate
FunFair’s token, FUN, is the currency of this new ecosystem. The FUN token powers every aspect of FunFair’s Ethereum blockchain casino platform. Players will bet using FUN, developers and affiliates will be rewarded for their participation in FUN, and operators and licensees will pay players out using FUN.
FUN will also power the smart contracts that run the platform, including FunFair’s unique new Random Number Generator.
To participate in the token event, buyers simply visit the “Token Event” page and follow the instructions. Buyers will be given the official FUN token contract address (ETH and ERCO20), Bitcoin and Zcash addresses, and more information on how to use them. For fiat currency, buyers can contact [email protected] before the token event.
If 5 billion FUN tokens have been created at any time before the token event end date, token creation will continue for 12 additional hours after that point to ensure that anyone who wants to contribute can still do so. After 12 hours, the creation-crediting period will end. If 5 billion FUN is not reached within 16 days, the token event will close on July 7, 2017, at 10 AM (EDT).
Approximately 30% of funds raised from the token creation event will be used toward the development of FunFair’s peer-to-peer platform, protocol, and a suite of high-quality games. Another 30% of the funds raised will be utilized for marketing, PR and business development. The remainder of the funds will be used by FunFair to service licensees and promote third party development.
About FunFair
FunFair is the world’s fastest Ethereum blockchain casino platform. It’s also the first blockchain casino platform and protocol to make online casino games fun, fast, and fair. The company’s combined 40 years of experience building gaming and casino software means players benefit from beautiful, intuitive games that have bigger payouts and are always provably fair. Using its first-of-kind Fate Channel technology and Ethereum smart contracts, FunFair offers the ultimate casino experience – complete transparency, astonishing efficiency, and unrivaled gameplay.
FunFair is a developer of the platform, protocol, and games. The company licenses these games to operators and does not operate the games directly. Founded in 2017 by Jez San, Jeremy Longley, and Oliver Hopton, FunFair is headquartered in Singapore with development offices in London.
Learn more about FunFair at – https://www.funfair.io/
Visit FunFair token event page at – https://www.funfair.io/token-event/
Find FunFair on BitcoinTalk at – https://bitcointalk.org/index.php?topic=1969678.new#new
Funfair.io Crowdsale Details – http://www.funfair.io/crowdsale/
FunFair Game Demo – https://showcase.funfair.io/
Funfair.io Twitter – https://twitter.com/FunFairTech
Disclaimer: FunFair is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.