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FunFair Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of FunFair Coin.
What Is FunFair?
FunFair by Ethereum smart contracts is a decentralized gaming platform. The platform is the first of its type, having solved some of the main challenges that make other blockchain casinos less secure. The objective of FunFair is to license its gaming platform to casino operators and other organizations dealing with gambling.
The founder and CEO of FunFair is Jez San Obe. Jez San Obe has a few successful investments in the past, e.g. cryptocurrency exchange Kraken and Google’s DeepMind.
Beneficial to Casino Operators
There are a number of issues in the gambling industry that a casino operator faces on a daily basis. Some of these include high operating costs, that customers don’t trust you, a less than perfect online gambling experience (in terms of UX, not in terms of wins/losses) and that you need to charge the customers high fees in order to compensate for your high costs. The FunFair gaming platform aims to solve all of these issues. Casino operators can integrate the FunFair platform in an easy manner and build its casinos on the platform. Features like loyalty programs, bonus games and other special discounts or promotions are also easily integrated. The vision is to make the gambling Fun and Fair, hence: FunFair.
The FunFair gaming platform uses something called The Fate Channels. The Fate Channel is a channel that opens up at the beginning of each session of gaming. It records, inter alia, the following:
- The player’s all actions;
- RNG-events (random number generation events); and
- The settlement of all bets.
When the gaming session is over, the Fate Channel unloads all of this information onto the Ethereum blockchain. This means that there per gaming session are only two records necessary to burden the blockchain with which makes it much more manageable for the Ethereum blockchain.
Advantages of FunFair
FunFair uses decentralized, Ethereum smart contracts and open source technology to make the game fair. On the other hand, transparency is not sufficient. Gamers should not have to bear the cost of blockchain transaction expenses for a hand of black jack. FunFair’s up to date approach to Fate Channels and Random Number Generation offers the flawless experience that gamers now demand.
2. Immense User Experience
Fast payouts, momentum, and fairness are just the beginning. FunFair’s creators have (in aggregate) more than 40 years in building casino programs and gaming. Thus, the user experience will never be compromised.
3. Its Own Currency
In addition, the gaming platform uses the FunFair token as its currency. It is the major kind of interaction with FunFair smart contracts. It makes sure every user receives rewards for participating. Moreover, gamers get to purchase FUN tokens as chips in the gaming platform. Even game developers get paid in FUN. Affiliates bringing in new gamers get paid in FUN, while casino licensees get to finance their operation via FUN.
If you have concluded that this is the coin for you, congratulations! Buy FunFair Coin here.