Index
ToggleIn an era where Web3 is reshaping the gaming industry, FUNToken has emerged as a pioneering project in applying blockchain to the online entertainment sector. Not only stopping at the traditional FUN Token , the project has grown strongly with XFUN, a tier 2 Token on Polygon , and a diverse XFUN ecosystem. Join Allinstation to learn more about FUNToken, its transformation, and long-term investment potential.
Please note that the article about FUNToken is for informational purposes only, the data is collected online. It is not investment advice in the FUNToken project or FUN Token , XFUN! The crime of gambling is the act of gambling carried out in any form with the purpose of winning or losing money or objects without permission from a competent state agency or with permission from a competent state agency but not in accordance with the provisions of the license granted under Resolution No. 01/2010/NQ-HDTP dated October 22, 2010 of the Council of Judges of the Supreme People's Court, Guiding the application of some provisions in Articles 248 and 249 of the Penal Code 1999.
What is FUNToken ?
FUNToken is a blockchain project developed to create a transparent, decentralized and efficient online gaming ecosystem. By integrating on-chain mechanisms, FUNToken helps eliminate manipulation factors in traditional games, thereby providing a fairer experience for players.
The project has two main types of Token :
- FUN – ERC-20 Token running on Ethereum, Vai as the main token of the initial ecosystem.
- XFUN – Layer-2 Token running on Polygon, was born to reduce transaction costs and improve performance for game users.
XFUN – FUNToken 's GameFi Ecosystem Hub
XFUN is FUNToken 's big step in expanding Web3 gaming applications. This is the main Token used in game products such as XFUN Casino, dPlay, XFUN Wallet, and soon XFUN Non-Fungible Token and metaverse. Highlights:
- 1:1 Bridge between FUN ↔ XFUN
- Smooth transactions, near-zero fees thanks to Polygon
- Used in P2P Sports Betting, Casino Games, and Play-to-Earn
Main products of FUNToken ecosystem
The FUNToken ecosystem revolves around two main tokens, FUN and XFUN, designed to serve a decentralized, transparent and efficient gaming experience. Below are the key products that help FUNToken gradually build a comprehensive blockchain gaming ecosystem.
dPlay Casino
dPlay is the first flagship product in the FUNToken ecosystem – a decentralized online casino platform that uses FUN and XFUN Token for betting and payouts. It aims to be a test product and showcase of the latest blockchain gaming technology before expanding to larger scale applications.
Outstanding features:
- Offers traditional casino games such as: Slots, Dice, Blackjack, Roulette, etc.
- Transparent transactions and payments thanks to blockchain mechanism Provably fair thanks to open source code
- Use XFUN to reduce transaction fees and increase processing speed
XFUN Wallet
XFUN Wallet is the interactive center in the FUNToken ecosystem, Vai as a Non-Custodial wallet that fully supports Web3 features. The outstanding feature of XFUN Wallet is that it does not hold private keys on behalf of users, ensuring full security for the owner.
Key Features:
- Supports storage of FUN, XFUN and many other Token (ETH, USDT, etc.)
- Integrated bridge to convert between FUN (Ethereum) and XFUN (Polygon) 1:1 easily and quickly
- Enable KYC to meet regulatory requirements in some games
- Use to participate in Lay Staking, send and receive assets, and interact with other products like dPlay
XFUN Bridge
This is the official bridge between two Token in the ecosystem: FUN (ERC-20 on Ethereum) and XFUN (Polygon). Users can convert Token back and forth at a 1:1 ratio. The XFUN Bridge allows users to take advantage of the low cost and high speed of the Polygon network in games while still staying connected to exchanges and infrastructure on Ethereum.
- Direct integration in XFUN Wallet
- Fast, near-instant conversion
- No Ethereum Gas Price when using XFUN
Lay Staking
A unique product in the XFUN ecosystem that allows users to play the Vai of “house” in casino games. Turning Staking into a more direct part of the gaming experience and generating additional income is no longer a passive activity.
Mechanism of action:
- Users Stake XFUN on the platform to become bookmakers. When a player bets on a game, the reward and risk will be Chia among the Stake.
- Protocol automatically Chia profits and losses according to Stake ratio
XFUN Sports Betting
A development branch is being expanded, bringing P2P (peer-to-peer) sports betting with real-time odds. This project brings FUNToken closer to the world's leading betting platforms in the traditional market, but with a more transparent and decentralized structure.
Highlights:
- Supports many traditional sports and eSports
- Data is taken from reliable odds sources, updated continuously
- Players can bet directly with XFUN, no intermediary needed
XFUN Non-Fungible Token & Metaverse (in development)
- FUNToken is not stopping at casino games, but is expanding into digital assets and virtual worlds: Non-Fungible Token: Expected to release a collection of Non-Fungible Token used in the ecosystem, from decorative items to items with in-game functions.
- Metaverse: Integrate XFUN as a means of payment in the virtual environment, which can be used to bet, buy items, or play games directly.
Information about FUN and XFUN Token
Information about FUN Token
FUN is the core asset in the ecosystem and Fungible for XFUN 1:1
- Token Name: FUN
- Ticker: FUN
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x419d0d8bdd9af5e606ae2232ed285aff190e711b
- Token type: Utility and Governance.
- Total Supply: 10,977,277,070 FUN
- Circulating Supply: 10,962,808,529 FUN
Information about XFUN Token
- Ticker: XFUN
- Blockchain: Polygon (L2)
- Bridge to FUN: 1:1 ratio via XFUN wallet
- Applications: Game, Casino, P2P Betting, Non-Fungible Token, Lay Staking
FUNToken Token Wallet & Exchange
FUN Wallet
FUN is an ERC-20 standard Token , so you have many wallet options to store it. FUN can be stored on popular ETH wallets (Metamask, MyEtherWallet, MyCrypto, Coin98 Wallet) or directly on exchanges. If you own a lot of FUN Token and want a safe storage solution, you can refer to Cold Storage products (Ledger, Trezor).
FUN Exchange
FUN can now be purchased on Binance, BingX, OKX,… or swapped directly on DEX exchanges.
Refer to the exchanges that are partners of HC Capital:
- BingX: hulkcrypto.com/go/ BingX (ref code: AZRMZC)
- OKX: http://Hulkcrypto.com/go/ OKX (ref code: 15835910)
- Bybit: hulkcrypto.com/go/ Bybit (ref code: 32672)
- Bitget: http://hulkcrypto.com/go/ Bitget (ref code: ezdy)
- Binance: hulkcrypto.com/go/binance (ref code: 139872038)
Roadmap
2024:
- Develop more P2E games on dPlay
- Expanding Non-Fungible Token and Staking support
- Launch of Lay Staking feature on XFUN Casino
2025:
- XFUN Non-Fungible Token Launch and Metaverse Integration
- Expanding into Asia and LATAM Markets New Partner in Sports Betting & eSports Industry
FUNToken Project Team
The original FUNToken development team consisted of experienced game developers and experts. Key figures who contributed significantly to the development of Coin Fun include:
- Jez San – Chairman of FunFair Group: Jez San is a pioneer in real-time 3D computer graphics, with his first game being StarGlider. He co-invented the RISC Super FX graphics processor for Nintendo and is an angel investor in many pioneering projects, including AI DeepMind Technologies (acquired by Google in 2014) and cryptocurrency exchange Kraken.
- Jeremy Longley – Founder: Jeremy Longley is an experienced leader with over 15 years of managing technology teams. In 2005, he co-founded online gaming site PKR.com with Jez San and served as CTO, developing multiple 2D and 3D casino gaming products on iOS, Android and HTML5.
Although FUNToken has split and become a completely different brand, the original Fun Fair Technologies team is still the ones who laid the foundation for the project. Currently, FUNToken is led by a new development team called FUNToken, headed by Mr. Adriaan Brink.
FUNToken Investors and Partners
Investor
The project has not had many significant Capital rounds. Currently FUNToken is supported by Pantera Capital, KR1, Blocktower Capital.
Partner
Updating…
Similar projects to FUNToken
Comments on FUNToken
FUNToken is a blockchain project that aims to revolutionize the gaming industry by using blockchain tokens to provide transparency, fairness, and efficiency. Here is a look at FUNToken, along with its pros, cons, and potential.
Advantage:
- Transparency and Fairness: FUNToken uses blockchain to ensure transparency and fairness in game transactions, reducing reliance on traditional oversight factors.
- Low Cost and High Efficiency: Using XFUN on the Polygon network reduces transaction costs and latency, resulting in a smoother and more cost-effective user experience.
- Diverse Ecosystem: With the launch of XFUN and related applications such as XFUN Wallet and XFUN Casino, users can access a rich and diverse gaming ecosystem.
- High Security: FUNToken operates on the Ethereum network, using the Proof-of-Stake consensus method, ensuring the safety and security of transactions.
- Non-custodial Wallet: XFUN Wallet allows users to have full control over their funds, without being supervised by a third party.
Disadvantages:
- Highly Competitive: The blockchain gaming industry is growing rapidly with many competitors, requiring FUNToken to constantly improve and innovate to maintain its position.
- Dependent on crypto market: The value of FUNToken and XFUN may be affected by fluctuations in the crypto market, which may affect user and investor confidence.
- Complex Migration: Migrating from FUN to XFUN and vice versa can be difficult for new users, requiring them to have a good understanding of the technical and security processes involved.
Potential:
- User Growth: With the continuous growth of the blockchain gaming industry, FUNToken has the potential to attract more and more users and investors.
- Expanding the ecosystem: Developing new branches like XFUN Non-Fungible Token and integrating into the metaverse opens up many new opportunities for FUNToken, increasing its presence and application in different fields.
- Partnerships and Integrations: FUNToken is actively collaborating with major game operators and other blockchain projects to expand content and increase participation in the ecosystem.
- Benefit from the growth of the crypto market: If the crypto market continues to grow, FUNToken can take advantage of this opportunity to increase value and user adoption.
FUNToken has shown strong growth and is committed to bringing significant improvements to the blockchain gaming industry. With its outstanding advantages and great development potential, FUNToken promises to be a remarkable project in the future. However, it also needs to face and overcome challenges to truly assert its position in the market.
Summary
FUNToken is one of the few blockchain gaming projects with a real product, a growing ecosystem, and a stable user community. The migration to XFUN on Polygon is a strategic move to address the issues of fees and performance. If the project continues to mature and expand in the right direction, FUN/XFUN could very well become a mainstream Token in the Web3 Gaming space.
Allinstation has answered the question of what FUNToken is and provided information about the project's FUN Token . Let's learn and evaluate to make the most informed investment decisions. Good luck to you!!!
Please note this is not investment advice.
