FUNToken FUNPrice $ 0.00554

$FUN is a crypto asset that operates on the Ethereum blockchain. It is designed to be a multifunctional token for the online gaming and gambling industries. $FUN was created by FunFair Technologies in 2017, and designed to power the FUN ecosystem. However, in early 2021 the FUN Token team assumed control of $FUN and is now in charge of the project’s development. The FUN token combines Ethereum’s blockchain technology with its own technology stack. This provides large scope for developers, players, and platforms, and provides FUN with the potential to have a growing number of future use cases.

What are FUN’s key features and how does it work?

FUN has been designed to modernize the digital gaming and gambling industries and benefit individuals. For example, a problem facing the current online gambling industry is that there can be a lack of transparency regarding how prize money and other capital is financed. The FUN Token platform has been designed to overcome this by combining gaming with blockchain technology to create a transparent gaming ecosystem. Transactions within the platform are stored on the blockchain and therefore trackable by anyone.

Since FUN is an ERC-20 standard token, gamers can trade and transfer FUN easily across compatible exchanges. The network also allows wallet-to-wallet and in-game transactions, meaning gamers can reduce transaction times and spend more time gaming. There is a maximum supply limit of 17 billion FUN tokens which were created in the company’s official pre-sale on 22 June 2017. During the pre-sale, over 80% of the tokens were distributed to industrial investors and purchasers.

The FUN Token network is secured using a Proof-of-stake Consensus. This is a system where network participants seek to be selected to verify transactions and add blocks to the blockchain. For a chance to be selected participants must stake their crypto assets. This requires less processing power than proof-of-work models. The network also uses a strategic burn schedule for the FUN Tokens to ensure that tokens retain value.

What can FUN be used for?

At the moment FUN can be traded, bought, and sold on exchanges. It can also be used for in-game transactions. In future, Fun Token hopes to have more use cases for its FUN token. For example, the team is developing a casino designed to be powered by FUN Tokens. In the longer term, the project states that it hopes to develop an entire FUN Token ecosystem where other gaming operators can incorporate FUN Tokens into their gaming platforms.

 Where can you buy FUN?

FUN is available to buy from the CEXs and DEXs as listed here. It is listed on many major exchanges including Binance, OKEx, and Uniswap. The price of FUN will vary depending on the exchange and current market interest. For more detailed information regarding FUN prices please refer to the price charts above.