Future looks good for FunFair (FUN) 300%+ Potential
Potential of increasing velocity is EXACTLY why I’m bullish overall on FunFair.
Firstly, there is no inflation in FUN — there will only ever be 11B FUN and 4B+ are in cold storage and won’t be traded
Secondly, a portion of network profits (stemming from the House edge) is sent to a ‘singe’ account that effectively takes them out of circulation.
Thirdly, as more casinos come online (FunFair powers a B2B business model where each casino needs their own bankroll to fund players), more and more FUN will be required for this float.
Additionally, game devs, affiliates and other ecosystem participants are all paid in FUN.
So as the overall amount of FUN wagered increases, the higher the velocity and the greater the singe (thereby restricting circulating supply)
It’s a powerful model that at this early stage hasn’t yet captured the imagination of crypto enthusiasts.
As velocity increases and supply tightens, the expected increase in FUN value seems to be a given
FunFair tokens (FUN) can be acquired from Binance, Bitfinex, EtherDelta, HitBTC, AirSwap, Gate.io, and NovaExchange by using Bitcoin, Ethereum or other supported cryptocurrency pairs. It is worth noting that compared to other cryptos, some exchanges charge unusually high fees for transferring FUN tokens to external wallets. Because of this, make sure to find out how much your chosen exchange charges before trading FUN.
The Fun token FAQ recommends using MetaMask for storage, but Ethereum wallets like MyEtherWallet (MEW), Jaxx, Parity, Exodus, and Mist should work just as well. For long-term storage, try a Trezor or Ledger Nano S hardware wallet.
if/when it is ok for fun to go back to burning the singe there will be deflation. For now its “Soft deflation” with it just being stored in the singe
What’s a singe? Why is the Singe important?
For those that are unaware, the Singe is 3.75% of any casino winnings, that are sent to an address that is controlled by Fun, but isn’t planned to be used. Originally it was going to be ‘burned’, which would mean sending to an address that no one had the private keys to, but this may cause some legality questions about the token being a security — hence a singe instead! The Singe helps encourage people to hold the coin in between gaming sessions as opposed to selling and buying back when they want to play again, as its a token of increasing scarcity.
FUN is at the all time lows but like it is clear as day that the directors of this project need to communicate to the stakeholders of FUN what the revenue and profit potential is for these projects that are licensing its platform white label. Like as those platform generate momentum does this increase the use cases for FUN tokens. PLus also shouldn’t the manegment call a vote among the community to engage in a buy back every 30 days or so based on dividends it gets from the platforms it spins off.
FunFair is providing a lot of the bankroll for these casinos as well.
The new wallet will deliver the final piece that would allow us to support players on mobile devices using their browsers (all browsers supported) and also simplify the onboarding process by removing the complexity of extensions and technical knowledge.
The wallet is one of a kind, built for ease of use, you’ll see it’s very valuable.
These things haven’t even been announced….New website, new wallet, new KYC, all for ease of use to retain users.
After the announcement is when we may get a pop, that’s when the big bets will be made for success .
Stay tuned Telegram chat : https://t.me/joinchat/HtUKhUpG0FCu_X25mnU2Bg
Published at Mon, 08 Jul 2019 10:01:35 +0000