FunFair is a decentralized platform based on Ethereum smart contact technology. The idea behind their service is to provide fun, secure, and fast casino game. The FunFair team aims to resolve some biggest issues faced by online casinos such as slow operation, the need for a single in-game currency, high costs, and most importantly, the lack of trust. They challenge the traditional online casinos and introduce the FunFair token called FUN as the main currency on the platform.
The FunFair creators have over 40 year of experience in developing casino software. Thus, they are unlikely to compromise the player’s experience. Instead, they ensure that the served game is appealing and intuitive. Having a vast knowledge of how to maintain gambling business, FunFair also does a great job at showcasing their platform and they are sure to hit new goals the coming year.
How do they operate?
FunFair operates its casino in a smart way. They use the first of a kind ‘Fate Channel’ that ensures fast operation. It supports the peer-to-peer communication between a user and an online casino. It allows instant smart contracts settlements for fair gameplay and complete transparency. What’s more, FunFair doesn’t make its users bear the transaction expenses for every spin or blackjack hand so that players don’t have to wait for each transaction to be processed on the Ethereum blockchain. The Fate Channel is built on top of this blockchain and operates separately. That’s to say, you don’t have to pay fees and wait until the new block is mined every time to make a spin the roulette or pull a slot, because this is all happened on a side chain. This ensures the seamless instant gaming and betting experience. So, by merging the blockchain technology and casino, FunFair improves gambling and makes it trustworthy for all players.
They use their own currency, FUN, which is the only coin across the platform. The FunFain tokens are used in a similar way as chips in online casinos. The coin is accepted for credits in the game, the service fees, and it is also used as the main payment method when paying developers, game owners, affiliates, etc. In this way, FunFair guarantees that every participant gets the reward.
It is easy and fast to send FUN because it is an ERS-20 token, which is a part of the Ethereum blockchain system that is controlled by smart contracts. The ownership of FUN tokens is anonymous but all transactions are publicly available and can be verified via Etherscan or any similar systems.
Since FunFair coin is issued in a limited amount, the offering soon will expire whereas the demand will rise causing a deflation. Currently, there are 11 billion FUN tokens. FunFair developers own about 2.3 billion of it. The FUN coins can be stored in the Ethereum wallet that accepts ERC-20 tokens. The most popular method is to create a wallet with MyEtherWallet.
The platform has licenses that allow it to host and maintain their own casino. All FunFair games are available for mass customization. Individuals or organization can choose any game from a marketplace and provide standard bonuses or VIP rooms with custom rewards for this game. Once an operator is ready to go live, they first need to present and publish a full casino suite. Other than that FunFair adopts low fees to everyone. There are no limitations as to the served experiences, so operators can create custom options for traditional games. Right now, there are such games available:
- Video Poker
- Carribean Stud
- Three Card Poker
- European Roulette
- Let it Ride
- Once Upon a Time
- To the Stars
The platform allows users to them in clicks. Plus, FunFair makes it instant, serverless, and cheaper to develop and create games on the platform.
In case of FunFair, if a casino tells that a player has 47.4 percent chance of winning, the blockchain technology will confirm these odds. Basically, their core values are:
- Fast speed
- Provably fair game
- Own currency
- Low cost
In general, FunFair is beneficial for everyone who takes part in the process, including casino, players and developers. Casinos can take advantage of the low cost and the absence of servers and hosting. Plus, the process of implementation is simplified, the FunFair team provides support on a regular basis. The system security and decentralization also make it a good choice.
Players will appreciate the transparency and fairness of a gameplay. The high speed of the games and guaranteed security attract more and more gamers. More to it, FunFair has a bright and colorful graphics and innovative features that bettors just can’t pass by.
FunFair is truly a pioneer in the online gaming and casino. Their B2B platform is based on the blockchain technology that ensures efficiency and transparency for casinos as well as new markets. They have a well-set and clear roadmap, which attracts investors. The platform solves key gambling issues offering a worthwhile alternative. Players, casino operators, and developers can really make the most of the FunFair system as it ensures fair odds on games, instant play, low costs, decent profits, reliability, and FUN!