FunFair FUN to PLATINCOIN PLC Exchange

Crypto Pair Details: FUN to PLC

FunFair FUN

FunFair is an Ethereum-based platform for online casino gaming. Targeting the $47B online gambling market, FunFair isn’t actually a casino. Instead, the underlying gaming technology is licensed out to casinos and other gambling platforms. The FunFair team is attempting to solve some of the biggest problems online casinos face: slow performance, high operating costs, and lack of user trust. Through the use of blockchain technology and Fate Channels, an in-house built version of state channels, the products they license have the potential fix all of them. FUN is an ERC-20 token that you use in every part of the FunFair platform. It’s the only token accepted for in-game credits, how game creators in the marketplace are paid, what casinos must pay their licensing with and receive revenues in, and all fees on the platform must be paid in FUN. A total of 11,000,000,000 FUN tokens were created on June 22, 2017, and no more will be created. With a fixed supply, the token is deflationary and should experience sharp increases in price over time as demand for it increases. Furthermore, the FUN that’s paid as fees will be burned for the first two years which should further drive price upwards. Casinos can also stake the FUN tokens in their bankrolls to receive additional dividends. The 30+ person FunFair team is based out of London and is led by Jez San, OBE. San’s entire career has revolved around entrepreneurship and the computer gaming industry. He founded Argonaut Software as a teen and created the first chip to power 3D games like Star Fox and Harry Potter. Rounding out his resume, San also founded the 3D online poker room, PKR, and is an investor in one of the world’s leading cryptocurrency exchanges, Kraken. Other members of the team are just as impressive. Jeremy Longley, founder and CTO, co-founded PKR with San and has over 15 years of experience managing development teams. FunFair COO, David Greyling, was previously the International Director of William Hill – a worldwide betting and gaming company. FunFair is attempting to enter the gigantic online gaming market by providing a solution that’s unique to the blockchain industry. Instead of acting as a casino, the company is licensing out their technology to other casinos which helps to mitigate their liability and risk. The project already has a working product and plans to launch early this year. With the wealth of experience that the team has in the gaming space, it’s hard to see this project failing. If FunFair can overcome the market domination of current incumbents using traditional technology, blockchain-based casino games could be the new industry paradigm.

PLATINCOIN PLC

The PlatinCoin is based on Litecoin Technology. It is not only a new generation of cryptocurrency but, together with the PlatinCoin Cryptosystem, also an extremely flexible and multifunctional platform that allows everybody to create a wide variety of daily business operations without the delay of payment for goods and services, for example such simple things as the purchase of your daily coffee, online purchases or payments for your international travel insurance. The PlatinCoin is designed to become the most used cryptocoin worldwide, especially by international users not being able to own a bank account. Its underlying blockchain technology facilitates the daily high volume of payments. PlatinCoin provides fast, inexpensive, international and secure transfers by form of immediate payment. The advantages of PlatinCoin will appropriately address the respective payment needs of individual as well commercial users like merchants and service providers. In addition, the introduction of the PlatinCoin Debit Card will further contribute to the commercial viability of the PlatinCoin. PlatinCoin intends to become a central transmission point for FIAT money. Fast transaction periods and low variability risks will be applicable. Additionally, comprehensive payment facilities such as debit cards, ATM’s, etc. are being implemented to become a suitable payment method on high scale for clients and merchandisers. The PlatinCoin moreover aims to contribute to the improvement of people’s standard of living worldwide. This shall especially apply to people in developing countries who do not even have a bank account. As an instrument to increase prosperity, we have developed the PlatinCoin Minting Program. This Program allows nearly everyone to easily produce PlatinCoins themselves.

SOURCE: COINGECKO

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