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General Information

Website: https://funfair.io/

Product: Online gambling platform

CEO: Jez San (Significant experience in gaming and gambling industry)

Maximum supply: 17,173,696,076

Circulating supply: 3,839,463,249*

Current price(September 28): $0.026807

*11,035,227,259 tokens are locked for phase 2 ICO which may happen in October. However, the CEO has indicated that they may be burning a lot of tokens. They were intending to do a China focused ICO but due to recent ICO regulations in China, phase 2 may be cancelled. This could be a significant burn which will increase the value of existing tokens

Product

FunFair is a fast and fair online gambling platform built on the Ethereum platform. It utilises Fate Channels, which are off-chain channels for each transaction. Therefore, games and transactions can be processed quickly and won’t have to wait on the Ethereum blockchain. Odds are transparent and publicly auditable to ensure fairness. FunFair intends to license their platform to online casinos and companies, passing off marketing costs and operations to the licensee. FunFair itself will not operate any online casino. The following games are currently available in demo (NOTE: The platform has not been released yet):

Roulette

Video Poker

SLots

Blackjack

Baccarat

Craps

Market Cap

Current market cap on Coinmarketcap is $102,923,723 at a price of 0.026807. This is a little misleading as it’s using the circulating supply, NOT the total supply. I believe total supply should be used for a more accurate valuation as those tokens could be released any moment. Therefore, the real market cap is around $458.38 million at current prices. Keep in mind though that billions of tokens may be burned soon.

Reasons to invest

Users have full control of their funds at all time . Depositing funds to online casinos will not be required. This eliminates the need to trust the casino

. Depositing funds to online casinos will be required. This eliminates the need to trust the casino Fate channels, FunFair’s proprietary technology reduces transaction costs giving it an advantage over its competitors

Fair & transparent games will gain users’ trust

With a possible token burn of billions of token, value of each token may spike up. Supply and demand

Platform will be released in Q1 of 2018

Logo and website rebranding is coming within the next 2 weeks

Maximum supply is fixed, tokens are burned with each transaction. Therefore, token supply will only be decreasing

Binance will be listing FUN/BTC & FUN/ETH pairs which will bolster exposure. There is a reward program that will award the top 207 FUN token holders on Binance by October 1. This should give the FUN token price a lift but expect a huge decline after the top token holders receive their reward on October 1, 4AM UTC

Ethfinex (Sister company of Bitfinex – One of the most popular bitcoin exchanges) created this poll and FUN tokens took the top spot (https://strawpoll.com/ed6x8s2c)

Reasons not to invest