FunFair FUN to WaykiChain WICC Exchange

Crypto Pair Details: FUN to WICC

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.

WaykiChain WICC

WaykiChain is a blockchain-based gambling platform that supports Turing devices. Other highlights include the fact that it makes use of a DPoS (Delegated Proof-of-Stake) consensus mechanism, that it generates a new block every ten seconds, and that it uses eleven voting nodes. According to the team behind the Hong Kong-based project, the network is also capable of handling 1000+ transactions per second. The platform’s main goal is to offer users a stable and secure gambling environment. WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change. The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. Even though it’s not a very popular project in the crypto space at the current moment, WaykiChain has the potential to expand its reach and spark the interest of people due to its decentralized gambling platform. The timing is also a very fortunate one, as the team seems to have everything in place before the start of the 2018 FIFA World Cup. The project has a powerful dApp associated with its name. The WaykiChain Betting provides its users with real-time betting possibilities, in a transparent and open way. All the betting data is public, searchable, well organized, and cannot be changed or affected by any third-party interests. Any potential illegal actions can be, therefore, easily discovered.

SOURCE: COINGECKO

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