What is FunFair?

The FunFair project brings high quality online casino games to the Ethereum blockchain. The development of a fast, cheap and fair gaming platform for users and casino owners is the FunFair team’s imperative. The speed and lowness of cost is made possible by utilization of Fate channels. These represent smart contract initiated, off-chain random number generators (RNG) that determine the game's outcome. By doing computation off-chain, and record keeping on-chain the transaction fees get lower while speed and trust increase. The ERC20 FUN token is the game chip of the network. The game developers are paid in FUN. The users launching their own casinos on the platform, pay licenses in FUN. All the FUN tokens are premined and will be distributed and burned, respectively according to a predetermined schedule.