FAIR

Overview of FAIR

FairGame (FAIR) is a decentralized online gaming platform powered by the Ethereum blockchain. The platform's first game, FairCity, is a decentralized multiplayer online sandbox that uses the play-to-earn model, allowing players to create their own city, acquire lands, and trade assets as NFTs. Players are rewarded with FAIR tokens for completing in-game quests and tasks. The CEO of FairGame is Goh Geok Nee, a seasoned blockchain architecture specialist, and the company's CWO is Chow Hon Yew, an expert in the capital market. FairGame was launched in 2018, and its subsidiary, X Studio, responsible for the development of Metaverse X, was created in 2020 by Vietnamese game producer Nguyen Hoang. The FAIR token can be traded for USDT on the OKX exchange. To store FAIR tokens, players can use the game's wallet or the OKX Wallet, which supports all Ethereum-based coins. The OKX Wallet employs strict security protocols, including two-factor authentication, to ensure the safety of stored assets.

Pros and Cons

Pros:

• Deflationary Supply: FAIR has a hard cap, ensuring that no more tokens will be created. This can potentially increase its value over time if demand remains consistent.

• Play-to-Earn Model: Players can earn real-world value (FAIR tokens) by participating in the game, making it more than just a recreational activity.

• Powered by Ethereum Blockchain: Leveraging a well-established and secure blockchain platform ensures reliability and potential integration with other Ethereum-based projects.

• Buyback and Burn Mechanism: This mechanism helps control the circulating supply of the token, potentially stabilizing or increasing its value.

• Integration with Virtual Reality (Oculus): Being one of the first blockchain-based games for Oculus gives it a unique edge in the market.

Cons:

• Lack of Transparency: Information about the company, its investors, and its roadmap is not easily accessible, creating uncertainty.

• Cannot Buy Directly with Fiat: Users cannot purchase FAIR directly with fiat currencies, adding an extra step to the buying process.

• Limited Active User Base: As of the information provided, one of its games, FairCity, has a low monthly active user count.

• Ambiguity in Governance and Ethics: Decentralized games can face challenges in content moderation and ethical standards due to the lack of a central authority.

• Volatility and Market Uncertainty: Like many cryptocurrencies, FAIR can be subject to market volatility, making its future value unpredictable.

What Makes FAIR Unique？

FairGame (FAIR) stands out in the realm of decentralized online gaming platforms due to its innovative integration with the Ethereum blockchain and its pioneering approach to virtual reality gaming. One of its distinctive features is its deflationary supply, with a hard cap ensuring no additional tokens will be created, potentially enhancing its value over time. The platform's play-to-earn model allows players to gain real-world value in the form of FAIR tokens, transforming gaming from a mere recreational activity to a potentially profitable endeavor.

Furthermore, FairGame's unique buyback and burn mechanism helps regulate the circulating supply of the token, aiming to stabilize or even increase its value. Perhaps most notably, its integration with virtual reality, being one of the first blockchain-based games for Oculus, positions it at the forefront of immersive gaming experiences, providing it with a competitive edge in the market.

How Does FAIR Work？

FAIR operates as the native token of the FairGame platform, a decentralized online gaming ecosystem powered by the Ethereum blockchain. At its core, FAIR is utilized as an in-game currency, rewarding players for completing quests, tasks, and other in-game activities. Beyond its gaming utility, FAIR incorporates a unique buyback-and-burn feature controlled by smart contracts. This mechanism ensures that a portion of the tokens is periodically bought back and permanently removed (burned) from circulation, aiming to maintain or potentially increase the token's value by limiting its supply. The token's functionality is further enhanced by the Ethereum consensus protocol, allowing for secure and transparent transactions.

Additionally, FAIR's integration with dApps positions it as a leading figure in the decentralized gaming industry, emphasizing user privacy and freedom of expression.

Exchanges to Buy FAIR

FairGame (FAIR) is a token associated with a decentralized online gaming platform, and as of the information available, it can be traded for USDT on the OKX exchange. This means that potential investors or users interested in acquiring FAIR tokens would first need to purchase USDT or a similar stablecoin on OKX or another platform, and then exchange it for FAIR at the prevailing market rate.

How to Store FAIR？

Storing FairGame (FAIR) tokens securely is of paramount importance. FAIR, being an Ethereum-based token, can be stored in any Ethereum-compatible wallet. For users who prioritize security, hardware wallets like Ledger Nano S or Trezor provide an offline storage solution, making them less susceptible to hacks. Alternatively, digital wallets like MetaMask or MyEtherWallet can be used for more frequent access and transactions.

• - Hardware Wallets (e.g., Ledger Nano S, Trezor): Compact physical devices designed to securely store cryptocurrency private keys offline, offering protection against online hacks.

• - Digital Wallets (e.g., MetaMask, MyEtherWallet): Software-based wallets that allow users to store, send, and receive cryptocurrencies. They provide easy access but require careful security practices to prevent potential breaches.

Should You Buy FAIR？

Investing in FAIRCoin, like any other cryptocurrency, should be a decision made based on careful consideration of several factors. It might be suitable for certain types of investors, namely:

1. Strategic Investors: Those who are attracted to the underlying technology or the vision of the project. This includes individuals who believe in the coin's proof-of-cooperation protocol and its ethos of fair economic dealings.

2. Environmental-Conscious Investors: The proof-of-cooperation mechanism aims to minimize energy consumption, making it an option for environmentally-conscious individuals looking to invest in more sustainable forms of cryptocurrency.

3. Diversifying Investors: Likely seasoned cryptocurrency investors seeking to diversify their portfolio with less prominent cryptocurrencies for potential high-risk, high-reward scenarios.

4. Tech-Savvy Individuals: Those who are well-versed in the workings of cryptocurrencies and can navigate the potential complexities associated with buying and owning FAIRCoin.

Conclusion

FairGame (FAIR) represents a convergence of gaming and blockchain technology, offering a unique play-to-earn model that stands out in the decentralized gaming landscape. Powered by the Ethereum blockchain, FAIR provides both gamers and investors with an innovative platform where virtual activities translate to real-world value. Its integration with virtual reality and its deflationary nature further accentuate its potential in the ever-evolving crypto space.

As with any cryptocurrency, potential users and investors should conduct thorough research and exercise caution, but FAIR's unique offerings make it a noteworthy contender in the world of blockchain gaming.

FAQs

Q: What is the underlying technology for FairGame？

A: FairGame is based on blockchain technology and runs on the official chain.

Q: What future plans does FairGame have for blockchain games？

A: FairGame aims to launch various types of blockchain games in the future.

Q: How does FairGame plan to integrate with global game providers？

A: FairGame will introduce a validated SDK tool to help global premium game providers integrate blockchain capabilities.

Q: What is the broader vision of FairGame for the gaming community？

A: FairGame seeks to broaden the game market and deliver blockchain capabilities to hundreds of millions of online gamers worldwide.

Q: Which blockchain does FairGame operate on？

A: FairGame operates on the Ethereum platform.

Q: Is FairGame coin mineable？

A: No, the FairGame coin is not mineable.

Q: What type of organizational structure does FairGame have？

A: FairGame has a semi-centralized organizational structure.

Q: Is FairGame's code open source？

A: Yes, FairGame's code is open source.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.