|Start date: 2017-06-27|
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FunFair (FUN) was built on the Ethereum network by a team based in London and founded by iGaming veterans Jeremy Longley, Oliver Hopton, and technology entrepreneur Jez San OBE. FunFair is a blockchain-based platform that aims to provide low cost, high quality, transparent casino experiences that are 'Guaranteed Fair'.
By leveraging the transparency and security of the Ethereum blockchain, the protocol and platform developed by the FunFair Group are the foundation for a gaming ecosystem which links all participants in real-time with the FUN token, with the goal of providing a fairer, more user-friendly experience for players, and a more efficient tool for the industry.
FUN is FunFair’s native cryptocurrency token which powers every aspect of the FunFair technology ecosystem, from player bets, affiliate rewards, operator license fees, to developer rewards.
FunFair also has built proprietary State Channels, which are called Fate Channels. Fate Channels are FunFair’s version of State Channels used for generating real-time random numbers, facilitating player-game interactions and most importantly, enabling micropayments with zero gas cost. State channels enable users to transact without needing to use the blockchain for every wager or wait for confirmation (other than to open and close the channel).
FunFair aims to provide operators and white labels a solution to conduct their business without the threat of game or payment fraud, and without the prohibitive costs that stop more potential operators from entering the market. The team believes that players should be certain, not just have faith, that games will be fair and operators will act with integrity.
FunFair claims to have been generating revenues on mainnet since October 2018 and has multiple brands with thousands of players, playing multiple games, being acquired by 100’s of affiliates, proving the complete ecosystem as set out back in mid-2017.
For more information, visit https://funfair.io