The new casino/gaming platform just raised 15.4M in their ICO. The token sale took place today (6/22/17) and got a lot of immediate attention.

What is FunFair?

FunFair is a decentralized gaming platform powered by Ethereum smart contracts. Thanks to our breakthrough technology, it is the first platform to solve the big challenges that have made other blockchain casinos unplayable.

FunFair allows anyone to create their own low-cost blockchain casino quickly using the Ethereum blockchain and smart contracts.

One cool thing is that it offers complete transparency, as you can go and read the smart contract your self.

Its all About the token: FUN

Funfair’s token, FUN, is the currency of this new ecosystem. It is the fundamental method of interaction with FunFair smart contracts, ensuring every participant is rewarded for their contribution.

Users will buy FUN tokens as the chips in FunFair’s online casinos. Game developers will get paid in FUN. Casino licensees will finance their operation solely with FUN, and affiliates who bring in new players will be paid in FUN. Platform service fees such as Random Number Generation will be paid in FUN, and then burnt.

ICO

The token sale took place today and it reached the sale cap really quickly.

As for the final results they raised $15.4M USD and created 1.7B FUN.



Future ICO

Phase 1 token presale has closed. But if you missed out this, they will have another one inSeptember for a bigger Phase 2 Token Sale. More Info: https://funfair.io/how-to-contribute/#faqs

References:

https://funfair.io/

https://funfair.io/how-to-contribute/

https://funfair.slack.com