FunToken

What is the Token?

FUNToken (FUN) is designed for the online gambling and gaming industry, leveraging Ethereum blockchain technology to enhance gaming experiences with transparency and fairness.

Tokenomics

FUNToken introduces a deflationary model with its secondary token, XFUN, on the Polygon network, achieved by swapping FUN for XFUN, which locks FUN and mints XFUN on a 1:1 ratio, effectively reducing the circulating supply of FUN.

Market Data

As of today 27 July 2024, the price of FunToken is ₹0.33 INR, with a 24-hour trading volume of 589595.18 USD. The market capitalization for FunToken is 39295152.79USD. The circulating supply is 10962808529.4 FunToken, with the total supply also being 10977277070.4 FunToken.

Token Pros and Cons

Pros:

• FUNToken is designed for the gaming industry, providing a transparent, provably fair, and widely used mechanism for funding and integrating gaming opportunities.

• It operates on a deflationary model, which can potentially increase the token’s value over time.

• The token has a strong development team and partnerships with major game makers.

Cons:

• The inherent challenges of high latency and gas costs on Ethereum have limited the usability of the FUN token for its wide range of intended gaming activities.

• Like all cryptocurrencies, it comes with inherent risks.

• Outside the FunFair ecosystem, FUN tokens have no use or value.

Why Should You Invest in the Coin?

FUNToken presents an investment opportunity with its growing user base and potential for value appreciation, especially appealing to those interested in the gaming and NFT markets.

USP of the Coin

FUNToken distinguishes itself by specialising in the gaming industry, offering a secure and transparent platform for gaming and betting, unlike broader-target cryptocurrencies.

Problem the Coin is Solving

It aims to address online gaming’s transparency and fairness issues, providing a blockchain-based solution for fast, secure transactions in the iGaming ecosystem.

Founder and Team Background

Led by CEO Samuel, aka Wetsuit on BTCtalk, FUNToken benefits from a team with a deep history in crypto and a vision for making FUN the go-to cryptocurrency for gaming, backed by extensive game design experience and industry partnerships.

ICO Price

FUN’s ICO in June 2017 raised $26 million in 4 hours, debuting on Bitfinex two days post-ICO at $0.007 per token, doubling in value by September 2017, and hitting an all-time high of $0.1857 in January 2018.

Risks Associated in Investing in the Coin

Investing in FUNToken carries typical cryptocurrency risks like market volatility and is primarily suited for its gaming ecosystem activities, with considerations for its specific risks and market limitations.

Whitepaper Summary

The FUNToken whitepaper outlines the vision and technical details of the FUNToken project. It describes how FUNToken aims to revolutionise the online gaming industry by providing a decentralised, transparent, and provably fair platform for gaming experiences. The whitepaper explains the tokenomics of FUNToken, including its dual token deflationary model with XFUN, a layer-two token operating on the Polygon blockchain network. This model is designed to address the challenges of high latency and gas costs on the Ethereum blockchain, which have limited the usability of the FUN token for its wide range of intended gaming activities.

The whitepaper also discusses the use cases of FUNToken in the gaming industry, highlighting its potential to facilitate a wide range of gaming opportunities. It emphasises the token’s utility for players, platforms, and developers alike, and outlines the benefits of using FUNToken, such as fast and secure transactions, transparency, and fairness in gaming.

Furthermore, the whitepaper provides information about the FUNToken team, led by CEO Adriaan Brink, and their extensive experience in game design. It also discusses FUNToken’s partnerships with major game makers, which position the project to create and release innovative 3D games on a blockchain.

Finally, the whitepaper addresses the risks associated with investing in FUNToken, cautioning potential investors about the inherent risks of cryptocurrencies and the specific limitations of FUNToken. It advises potential investors to conduct thorough research and risk assessment before investing in the token.