Last updated 31/07/2022
Official Website: https://funtoken.io/
An asset created exclusively for the online gaming and gambling sector is the FUNToken. The Ethereum blockchain's advantages are combined with a cutting-edge tech stack in FUNToken, making FUN a potent tool for gamers, platforms, and developers alike. FUN backs the advent of new digital game era: Quick - Use the XFUN Layer 2 token for quick wallet-to-wallet and in-game transfers to extend your playing time. Transparent - Decentralized, openly logged, and traceable transactions. Processes are streamlined and made easy with Seamless - FUNToken, an ERC20 token on Ethereum with a Layer 2 token called XFUN in Ploygon. Open - Anyone can use FUNToken's power, including players, developers, and dapps. Safe – FUNToken ownership is fully anonymous.
By actively encouraging additional gaming operators to benefit from the FUNToken ecosystem and player base, existing product development and extension has increased the token's use. The XFUN on Polygon, which is quicker and less expensive than Ethereum, has just been released by FUNToken. Only through a 1:1 bridge mechanism with FUN is this token accessible. In order to purchase the new token, users must escrow their FUN, which lowers the trading supply and ultimately raises demand. The XFUN Wallet, made available by FUNToken in the Google Play and Apple App stores, offers a safe, non-custodial means to store and transfer both XFUN and FUN.
Transactions on the XFUN Wallet are frictionless and quick thanks to the absence of gas. A calculated quarterly burn of 50% of any profits guarantees that the FUNToken will continue to be valuable in the future.
By easing tension between players and operators and returning control of player funds to players, FUNToken aims to change a flourishing industry.
With the quick, gas-free operation on Polygon now accessible via mobile wallets, FUNToken is founded on standards and offers a scalable and reliable way to access decentralized applications.
11.173 billion of the tokens that were produced were set aside for a second pre-sale, however it was eventually cancelled. Due to the fact that they were considered surplus, more than half of these reserved tokens (55%) were burnt. In 2021, the remaining 4.7 billion tokens were distributed to new owners. With the quarterly burn, the supply is being reduced and is currently fixed (no more may be coined). Trading supply is even less. 1:1 with all XFUN tokens created on Polygon, so as XFUN usage rises, the amount of FUN available for trading will decrease.
As an ERC-20 token built on Ethereum, FUN uses the proof-of-stake (PoS) consensus algorithm. Proof-of-stake (PoS) was developed as a substitute for the proof-of-work (PoW) consensus employed by Bitcoin. PoS distributes mining power depending on already obtained tokens, whereas PoW requires a considerable amount of processing power to mine tokens. Numerous analysts point out that PoS is an easily scalable consensus technique that offers more use case flexibility. Consequently, in recent years, this consensus method has become much more widely used.
ADRIAAN BRINK - CEO
Passionate about betting, gambling, technology and internet payment technology. Adriaan designed and built a number of industrial strength systems and have over 20 years of experience operating online gambling sites including the world's first online gaming site - plus lotto - launched in 1995.
Adriaan recently consulted on the putting together of the Virgin Bet program in the UK which has now launched very successfully.
PETER STENSLUNDE - CFO
A Chartered Management Account by profession, Peter is an Executive that has gained a detailed understanding of acquiring and online payments, gaming and accounting functions, which he has built up over the last 25 years.
JASON REED - COO
Passionate about technology, encompassing a drive for start-ups, disruptive tech, slick process, communication and project management. It thrives on the idea of using software and tech to solve practical problems. The ever-changing advancement in the landscape of tech drives me. Continuously enhancing his knowledge to embrace the latest technologies to create better, faster and slicker projects and stay ahead of the curve.
Founded and co-founded disruptive tech start-ups and have a foundation of development, project management and marketing, mainly in investment banks and the fintech industry but also in the education and online gaming space.
XFUN Wallet is a safe and easy-to-use cryptocurrency wallet for storing, sending, and receiving FUN, XFUN, and other ERC-20 tokens on the Ethereum and Polygon networks and also Bitcoin (BTC). Swapping FUN for XFUN tokens and vice versa is a unique feature of the XFUN Wallet. Because it is a non-custodial wallet, you have full control of your private key, and therefore your digital assets.
Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
Similarly, a user-friendly option to keep your $FUN secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.
You can Buy & Sell FUNToken (FUN) by heading over to the Buy Coins page of our website. FUNToken (FUN) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $FUN has never been easier, simply place your order and provide your wallet address. Once your payment arrives FUNToken (FUN) will be sent directly to your wallet.
If you choose to Sell FUNToken (FUN) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Block Explorer: https://etherscan.io/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.