FunFair is an Ethereum-base platform for online casino gaming. Targeting the $47B online gaming marketplace, FunFair is not truly a casino. In its place, the fundamental gaming technology is accredited out to casinos plus other gaming platforms. The FunFair group is trying to solve several of the largest troubles online casinos face: high operating costs, slow performance, and lack of user faith. Throughout the use of blockchain technology plus Fate Channels, an in-house built form of state channels, the products they certificate have the prospective fix all of them.
FUN is an ERC-20 token that you use in each part of the FunFair platform. It is the simply token accepted for in-game credit, how game creator in the marketplace are paid, what casinos must pay their license with plus obtain revenues in, plus all charge on the platform must be paid in FUN. A total of 11,000,000,000 FUN tokens were shaped on June 22, 2017, plus no more would be created. With a fixed supply, the token is deflationary plus must experience quick increases in price over time as demand for it raises. Also, the FUN token that is paid as charge will be burned for the first two years which would further drive price upward. Casinos could also stake the FUN tokens in their bankroll to obtain added dividends.
FunFair is trying to enter the huge online gaming market through providing a solution that is exclusive to the blockchain business. In its place of acting as a casino, the business is licensing out their technology to other casinos which aids to mitigate their accountability and risk. The project already has a working product plus plans to launch early this year. With the prosperity of experience that the group has in the gaming space, it is hard to see this project failing. If FunFair could overcome the market domination of present incumbents using customary technology, blockchain-based casino games might be the new business paradigm.