FUN
Reputation Ratings

FUN

FunFair 5-10 years
Website https://funfair.io/
Browser
OTH RELPs
Github
White Paper
Avg Price
-1.11%
1D

$ 0.004811 USD

$ 0.004811 USD

Market Cap

$ 54.432 million USD

$ 54.432m USD

24h trading volume

$ 1.437 million USD

$ 1.437m USD

7d Vol

$ 17.996 million USD

$ 17.996m USD

Circulating supply

10.9628 billion FUN

Related information

Issue Time

2017-06-28

Platform pertained to

--

Current price

$0.004811USD

Market Cap

$54.432mUSD

Volume of Transaction

24h

$1.437mUSD

Circulating supply

10.9628bFUN

Volume of Transaction

7d

$17.996mUSD

Change

24h

-1.11%

Number of Markets

71

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2016-02-27 13:10:57

Language Involved

--

Agreement

--

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Current Rate0

Available

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Calculate

Historical Price

Introduction

Markets

3H

-0.03%

1D

-1.11%

1W

-10.6%

1M

-7.22%

1Y

+25.17%

All

+56.34%

Aspect Information
Short Name FUN
Full Name FunFair Token
Founded Year 2017
Main Founders Jez San, Jeremy Longley, and Oliver Hopton
Support Exchanges Binance, OKEx, Uniswap, and Bitfinex
Storage Wallet MetaMask, MyEtherWallet, and Ledger

Overview of FUN

FUN, also known as FunFair Token, is a cryptocurrency that was founded in 2017. The primary founders of FUN are Jez San, Jeremy Longley, and Oliver Hopton. This digital token is supported by numerous exchanges including Binance, OKEx, Uniswap, and Bitfinex. In terms of storage, users can rely on a variety of wallets such as MetaMask, MyEtherWallet, and Ledger.

Overview of FUN

Pros and Cons

Pros Cons
Supported by numerous exchanges Relatively new with less proven track record
Can be stored in various well-known wallets Price volatility typical to cryptocurrencies
Created by experienced founders Dependent on Ethereum blockchain for transactions

Pros:

- Exchanges Support: FUN token is supported by many digital currency exchanges including Binance, OKEx, Uniswap, and Bitfinex. This variety of price discovery platforms creates opportunities for traders and holders to buy and sell FUN tokens conveniently.

- Storage Flexibility: The FUN token can be stored in various popular and secure wallets like MetaMask, MyEtherWallet, and Ledger. This flexibility makes it easier for users to handle and store their FUN tokens.

- Experienced Founders: This cryptocurrency was created by experienced founders Jez San, Jeremy Longley, and Oliver Hopton, who have extensive industry knowledge and experience, which can potentially lead to strategic development and management.

Cons:

- Newcomer Status: Being founded in 2017, the FUN token is relatively new to the market in comparison to some other cryptocurrencies. As is often the case, newer cryptocurrencies don't have as much of a proven track record as more established ones, which may affect investor confidence.

- Price Volatility: Similar to many cryptocurrencies, the FUN token has shown significant price volatility. While this can create opportunities for profit through trading, it can also result in significant losses.

- Dependence on Ethereum: The FUN token depends on the Ethereum blockchain for transactions. While Ethereum is currently a solid and well-established platform, any issues that affect Ethereum, such as scalability or security issues, could potentially affect the operation of FUN.

What Makes FUN Unique?

FUN token, formally known as FunFair Token, exhibits a unique offering in the crowded cryptocurrency marketplace. Its core innovation lies in its pinpointed application, namely for the online gaming industry. Leveraging blockchain technology, the FUN token aims to provide greater fairness, transparency, and efficiency in online gaming transactions, separating it from cryptocurrencies with more general-use purposes.

Its distinguishing feature is its utilization in powering the FunFair platform, an Ethereum-based, decentralized platform specifically designed for online casino gaming. FUN tokens serve as the currency for all the platform's transactions, and also for incentives and rewards. In contrast, many other cryptocurrencies are designed to serve as digital money or a store of value without a specific platform utilization in mind.

Moreover, the FUN token emphasizes transparency and fairness for online gaming. Its software ensures that the outcomes of games hosted on the FunFair platform are provably fair, which offers an inherent advantage over traditional online casinos that often struggle with trust issues.

While the above qualities make FUN distinctly a token for the online gaming industry, like other cryptocurrencies, it shares common features such as decentralization, digital transactions, and the potential for volatility. It should also be noted that the overall success of FUN heavily relies not only on cryptocurrency market conditions but also specifically on the acceptance and growth of the FunFair platform.

How Does FUN Work?

FUN operates as an integral part of the FunFair platform, a decentralized gaming technology platform that is built on the Ethereum blockchain. The fundamental principle of FUN hinges on its function as a utility token that is used as a medium for all transactions within the FunFair platform.

Here's how it works: all gamers on the platform need to purchase FUN tokens to play any game, and all game creators or casino operators also need FUN tokens to operate their games. When a game is played, the outcome is decided by smart contracts on the Ethereum blockchain, making the results transparent and independent of any centralized authority. Winning players are immediately paid out in FUN tokens.

Furthermore, the FunFair platform employs a technology known as Fate Channels – an advanced state channel solution specific to FunFair. These resolve the issue of speed associated with Ethereum transactions, as all gaming sessions occur off-chain and only the outcomes are registered on the chain. This saves costs and increases speed for all involved parties.

The advantages provided by the use of blockchain and the inherent transparency of its operations differentiate the FUN token from traditional online gaming currencies and systems. However, it is important to note that these principles and working modes stand as long as the Ethereum platform—the blockchain on which FUN operates—remains stable, operational, and widely accepted.

Circulation of FUN

FunFair has been experiencing significant price fluctuations in recent months. The price of FUN reached an all-time high of over $0.10 in January 2018 but has since fallen to around $0.0005 as of September 2023.

There are a number of factors that have contributed to the fluctuation of FUN's price. One factor is the overall state of the cryptocurrency market. The cryptocurrency market has been volatile in recent months, and this has led to volatility in the prices of many cryptocurrencies, including FUN.

Another factor that has contributed to the fluctuation of FUN's price is the development of the FunFair platform. The FunFair platform is still under development, and there have been some delays in the launch of new features. This has led to some uncertainty among investors, which has contributed to the volatility in FUN's price.

FunFair does not have a mining cap. This means that there is no limit to the number of FUN tokens that can be mined. This could lead to inflation of the FUN token supply, which could put downward pressure on the price of FUN.

However, it is important to note that the FunFair team is actively developing the FunFair platform and adding new features. Additionally, the FunFair team is working on increasing the adoption of the FunFair platform by users. If the FunFair team is successful in these efforts, it could lead to increased demand for FUN tokens, which could put upward pressure on the price of FUN.

Overall, the issue of FunFair's price fluctuation is complex. There are a number of factors that could affect the price of FUN in the future, including the overall state of the cryptocurrency market, the development of the FunFair platform, and the adoption of the FunFair platform by users.

Circulation of FUN

Exchanges to Buy FUN

Several prominent cryptocurrency exchanges support the buying and selling of FUN tokens, offering various currency pairs including both fiat currencies and cryptocurrencies.

1. Binance: Binance is one of the most active markets for trading FUN tokens. It offers BTC/FUN, ETH/FUN, BNB/FUN, and USDT/FUN pairs.

2. OKEx: On OKEx, traders can transact FUN with pairs like BTC, USDT, and ETH.

3. Uniswap: As a decentralized exchange, Uniswap allows the trading of FUN against its native token UNI as well as against ETH.

4. Bitfinex: Bitfinex also supports the trading of the FUN token. It offers BTC/FUN and USD/FUN pairs.

5. HitBTC: This exchange has a multitude of trading pairs for FUN, including but not limited to BTC/FUN, ETH/FUN, and USDT/FUN.

6. Bittrex: On Bittrex, users can trade FUN against BTC, ETH, and USDT.

7. KuCoin: KuCoin is another exchange where users can buy and sell FUN. Pairs offered include BTC/FUN and USDT/FUN.

8. Latoken: Latoken provides the option to trade FUN with BTC, USDT, and ETH.

9. Changelly: Changelly enables users to buy FUN with fiat currencies like USD, EURO as well as with cryptocurrencies.

10. Poloniex: At Poloniex, users can pick from the BTC/FUN and USDT/FUN trading pairs.

Bear in mind that available trading pairs may vary over time as exchanges adjust their offerings based on demand and other factors. Users are responsible for verifying this information on the respective exchanges.

How to Store FUN?

FUN tokens can be stored in a variety of cryptocurrency wallets that support ERC-20 tokens, as FUN is an ERC-20 type token, operating on the Ethereum blockchain.

1. MetaMask: A popular choice, MetaMask is a web browser-based wallet that can be added as an extension on popular browsers such as Chrome and Firefox. Its convenience and user-friendly interface make it a suitable option for both beginners and experienced users.

2. Ledger: For those preferring a more secure option, Ledger is a hardware wallet that stores cryptocurrencies offline, providing an added layer of security against online threats. It supports a wide range of cryptocurrencies, including FUN.

3. MyEtherWallet: Known as MEW, this wallet is a free, open-source tool for creating wallets that work with the Ethereum platform. It can be used in combination with hardware wallets like Ledger for additional security.

4. Trust Wallet: This is a mobile wallet app that supports a wide range of tokens, including FUN. It's known for its user-friendly design and security features.

Please note that the storage of cryptocurrencies involves risk. Individuals are responsible for safely managing their own private keys and any password or recovery phrases associated with their wallets. Users should always perform thorough research to ensure the chosen wallet matches their storage needs.

Should You Buy FUN?

FUN tokens would be suitable for a certain group of individuals based on their individual needs, risk tolerance, interests, and investment philosophy. Here are the four main groups who might consider buying FUN:

1. Long-Term Investors: These individuals believe in the future of blockchain technologies and specifically the application of these technologies in online gaming. They are comfortable holding onto the FUN tokens for a lengthy period.

2. Speculative Traders: These are individuals or groups who are comfortable with higher-risk investments, seeking to profit from short-term price fluctuations in the highly volatile cryptocurrency market.

3. Blockchain Enthusiasts: Those who are interested in blockchain technology and its varied applications might buy FUN tokens as a way of engaging and supporting the use of blockchain in the gaming industry.

4. Gamers: Those who participate in online gaming on the FunFair platform will have to buy FUN tokens to play the games offered.

A few words of advice for potential buyers:

- Research: As with any investment, due diligence is a must. Before purchasing FUN, conduct in-depth research about the FunFair platform, and understand its operation, competitive landscape, token utility, and future developments.

- Diversification: If investing, it is generally a wise idea to diversify investment portfolios. Cryptocurrencies, including FUN tokens, are known for their price volatility, which makes them risky. It's generally advised to limit cryptocurrency investments to a small portion of an overall diversified portfolio.

- Risk Management: Be aware of the potential for losses, and only invest what you can afford to lose. Make sure to manage your risk effectively.

- Legal and Tax Implications: Be sure to understand the legal and tax implications of purchasing and owning FUN tokens as per your country of residence.

Remember, market conditions can impact the price of cryptocurrencies, and there's always a risk associated with investments. Seek advice from financial professionals before making investment decisions.

Should You Buy FUN

Conclusion

FUN, or FunFair Tokens, serve as the medium of exchange within the FunFair platform, a unique application of cryptocurrency and blockchain technology within the online gaming industry. It was established by a team of experienced founders with the idea of bringing transparency, security, and fairness to the gaming niche through blockchain technology. The distinction of the FUN token lies in its specific use case as the currency and incentive on the FunFair platform, as well as the efforts made by its developers to ensure game fairness.

The token is supported by various exchanges, providing liquid markets for trading. It can be stored in wallets that support ERC20 tokens, adding convenience for users. FUN's performance, like other cryptocurrencies, would likely hinge on the broader acceptance and adoption of its underlying platform.

Despite its unique application, FUN tokens experience price volatility and dependency on the Ethereum blockchain, much like many other cryptocurrencies on the market. They should be considered as part of a diversified investment portfolio and purchased only after thorough research.

As for making money or price appreciation, it is important to stress that the value of all cryptocurrencies, including FUN, is subject to significant price volatility and there is a risk of loss. Eventual appreciation of the FUN token may occur if the FunFair platform gains wider adoption and usage; conversely, the value could also decrease. Ultimately, whether it can make money will depend on a variety of factors, such as the overall performance of the cryptocurrency market, the growth, and acceptance of the FunFair platform, as well as external factors such as regulatory developments.

It's crucial to remember that potential investors should conduct thorough research, and consult with professional financial advisors, before allocating any resources into cryptocurrencies.

FAQs

Q: What is the main purpose of the FUN token?

A: The FUN token primarily facilitates transactions within the FunFair platform, a decentralized online gaming platform utilizing blockchain technology.

Q: Which exchanges list the FUN token for trading?

A: FUN tokens can be traded on a variety of exchanges such as Binance, OKEx, Uniswap, and Bitfinex.

Q: From a long-term perspective, can the FUN token generate income?

A: Given it's heavily tied to both the strength of the FunFair platform and broader cryptocurrency market dynamics, the ability of the FUN token to generate income in the long term is unpredictable and involves risk.

Q: Can FUN be considered a typical cryptocurrency?

A: While it shares general characteristics of cryptocurrencies, FUN is distinct in its specific utility on the FunFair platform for online gaming.

Q: Is FUN operation dependent on any specific blockchain platform?

A: FUN operates on the Ethereum blockchain, meaning its operation is reliant on the stability and wide acceptance of the Ethereum platform.

Q: Is it possible for the FUN token to appreciate in value?

A: The potential for FUN value appreciation is influenced by a range of factors, including market conditions and the growth and user acceptance of the FunFair platform, making predictions challenging and subject to risk.

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.

User Reviews

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1 ratings

Participate in evaluation
Dory724
FUN's entertainment-focused blockchain delivers unique gaming experiences. Its partnerships and commitment to user engagement make it a fun investment.
2023-12-07 23:16
5

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