What is FUN?
FUN is a cryptocurrency developed and marketed by our partners at FunFair Technologies. Every game at CryptoCasino.com is powered by the FUN utility token. It works on the Ethereum (ERC20) blockchain and can be sent and traded between ERC20 wallets quickly and easily. Whilst ownership is completely anonymous all transactions between wallets are publicly recorded and trackable using a tool like Etherscan. At the time of writing FUN is held within 75,000 wallets which means that approximately 75,000 people own FUN with some allowance given for people and businesses that own more than one wallet.
Why do we use it?
The two largest problems for cryptocurrency casinos, whether these are Bitcoin casinos or Ethereum casinos, are the speed and the fees. FunFair Technologies developed the revolutionary Fate Channels to counter both these problems. Normally at a cryptocurrency casino each wager starts a new contract and this requires both time to verify the contract and a fee needed to power the contract. What our partners at FunFair Technologies have done to resolve this is create a contract for each session, not each wager. There is a small wait as the contract is created but this only happens once as opposed to a hundred or so times, in the case of a slot machine session, and as it only happens once, the blockchain only charges the fee once. Think of it like your own unique bubble, you have to wait a few seconds and pay a negligible fee to create the bubble but once you are in it then you can wager to your heart’s content and then when you have had enough, the contract ends, the bubble pops and you leave with your winnings. It seems simple really but in my opinion it’s pure genius and is one of the best innovations ever in online gambling.
Bonus Benefits
If you had bought 100,000 FUN this time last month (17/07/2020) it would have cost you $359 and if you had sold it all at the time of writing this post it would sell for $568, that’s a profit of $209 or an increase of 58%! Now I can’t promise this is going to happen every month, because obviously that’s not sustainable but it does mean that you can speculate like the best of them. Honestly, who hasn’t wanted to feel like Gordon Gekko or Jordan Belfort just for a day. Even if today isn’t your day at the baccarat table, it could be your month by just holding the FUN token. Now you can’t say that for Dollars or Pounds!
Toby Pettit
