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FUNToken

$FUN
Today
0
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0
ETH Address:
0x419d0d8bdd9af5e606ae2232ed285aff190e711b
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Coin Info

Market Cap:
$48,959,105
Launched:
22/06/2017
Network:
ETH
Categories:

Coin Safety

Project Brief

What Is FUNToken (FUN)?

The FUNToken is an asset developed specifically for the online gambling and gaming industry. FUNToken combines the qualities of the Ethereum blockchain with a cutting-edge tech stack, making FUN a powerful resource for players, platforms, and developers alike. FUN supports a new age of digital gaming:

Fast - Maximise your playing time with rapid wallet-to-wallet and in-game transactions using the XFUN Layer 2 token.
Transparent - Transactions are decentralised, publicly recorded, and trackable.
Seamless - FUNToken is an ERC20 token on Ethereum with a Layer 2 token XFUN in Ploygon which makes processes faster and easier.
Open - Players, dapps, and developers: everyone can harness FUNToken’s power.
Secure - Ownership of FUNToken is completely anonymous.

Existing product development and extension actively encourages other gaming operators to take advantage of the FUNToken ecosystem and player base thus increasing usage of the token.

FUNToken has now launched the XFUN on Polygon which is more performant and less expensive than Ethereum. This token is only available through a 1:1 bridge mechanism with FUN. Users will have to escrow their FUN in order to acquire the new token, reducing the trading supply which will ultimately increase demand.

FUNToken released the XFUN Wallet on Google Play and Apple App stores providing a secure non-custodial way to hold XFUN and FUN and switch betwen them.

XFUN Wallet transactions on XFUN are gas free enabling frictionless and fast operation.

A strategic quarterly burn of 50% of any profits ensures that the FUNToken retains value into the future.

What Makes FUNToken Unique?

FUNToken seeks to revolutionize a booming industry by reducing friction between operators and players and moving custody of players funds back into the players hands

FUNToken is built on standards and with the fast, gas free operation on P{olygon now available via the mobile wallets provides a scalable and robust mechanism to access decentralized applications.

How Many FUNToken (FUN) Coins Are There in Circulation?

FUN tokens are pre-minted with no further issuances in sight. There is a maximum supply of 17 billion FUN tokens created in an official FUN pre-sale on June 22, 2017. More than 80% of all tokens were distributed to industrial investors and purchasers during this pre-sale event.

While 11.173B of the minted tokens were reserved for a second pre-sale, it was later removed from the schedule. More than half of these reserved tokens (55%) were burned, as they were categorized as surplus. The remaining 4.7B tokens were transferred to new owners in 2021. The supply is now fixed (no more can be minted) and is reducing with the quarterly burn.

Trading supply is further reduced 1:1 with all XFUN tokens issued on Polygon so as the usage of XFUN increases so FUN trading supply will reduce.

How Is the FUNToken Network Secured?

As an Ethereum-based ERC-20 token, FUN is operating under the proof-of-stake (PoS) consensus method. PoS was created as an alternative for the proof-of-work (PoW) consensus used by Bitcoin. While PoW requires a significant amount of processing power for tokens to be mined, PoS distributes mining capabilities based on already acquired tokens.

Many analysts point out that PoS is an easily scalable consensus method, which allows for greater flexibility in terms of use cases. Consequently, this is becoming a much more popular consensus method in recent years.

Where Can You Buy FUNToken (FUN)?

FUNToken is becoming increasingly popular, which is why more exchanges have started offering trades with his crypto token. One of the more popular choices is Binance, which also has the largest FUN/USDT trading volume at $4,266,292.

Other choices include LATOKEN, and Bitrue, which have the second and third largest trading volumes after Binance.

Read more on buying crypto.

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