See why FunFair will be the ultimate casino experience for end users
You will save significant money on hardware, chargebacks and operational headcount. We are still working out the numbers on this but we do expect there to be significant savings that will vary depending on the size of operator.
The number of physical servers required is reduced as gameplay executes in immutable smart contracts deployed to the ethereum network. You will still need a high availability server configuration to host the house application.
Our FateChannel tech ensures that both parties involved in a gaming session behave fairly by co-signing state transitions, this ensures neither side can ‘cheat’.
A number of mobile dapp browsers are being built (cipher/status) – we support these. Our games are built with technology that works in mobile browsers.
At launch we will have a small number of well-crafted and highly visual games that will cover a broad range of gaming types. There will be slots, blackjack, roulette, baccarat, as well as a host of other table games. As the product develops so too will the portfolio of games. We will not be introducing poorly designed rushed games simply to bolster content.
Reporting tools will be available to operators at launch. We are currently looking at options for affiliate management, and CRM. Longer term there will be analysis of a suitable rewards programme (bonusing, loyalty) that would be in keeping with FunFair’s brand and product aims.
Ultimately yes. A genuinely distributed solution for placing real world data into the blockchain needs to exist first.
Low cost technical solution, any marketing that you wish to do, a helpdesk or customer support.
At launch English. As the product develops we will be looking at introducing support for other languages.
FunFair is pursuing a full suite of traditional casino games, and you can test the games right now in the showcase: https://showcase.funfair.io
Some are currently testable on the Ethereum test network, with the live release coming in just a matter of weeks.
FunFair is working on the many customization options right now and up until release. You will definitely be able to customize the look and feel. You can add your own graphics, logos, colour schemes, etc. You will also be able to choose which kinds of games are offered, and how they will be laid out.
We believe retention levels will ultimately be improved as the user experience and trust in the product will give the user a far greater experience than they’re currently receiving.
The crypto community is huge and is growing rapidly by the day. A large number of crypto casinos currently exist, although many are unlicensed. This is something FunFair is looking to change. We want to enhance the overall experience for Players, Operators, Affiliates, Developers and Regulators.
No, but we are planning to launch with a partner in Q3 2018.
We are looking for a few partners at this stage to help us test our V1 casino product offering. In particular we are looking for partners who have experience in attracting casino and/or crypto audiences and have experience or already are in the casino business. We are particularly interested at this stage in existing Casino Operators and Affiliates who are interested in being first movers in this space and are flexible and willing to work with us as we learn from and improve our V1 product offering. If this is you please contact us ->. If this isn’t you but you are interested in working with us in the future please follow us ->
At this stage we are looking for Affiliates who are interested in helping us test our V1 casino product offering so please do contact us with your details. If you are interested in operating as an Affiliate using our model we will gladly put you on a waiting list as we are not yet ready to start testing this, so if this is the case please do contact us.
The FunFair team consists of 40+ developers, industry executives, and professionals. We have one of the largest teams in cryptocurrency. Feel free to check them out on their website: https://funfair.io/explore/team
The concept and early prototypes of our technology were first created in late 2016. A showcase featuring the first blockchain-powered slots was released in June 2017 ahead of the Token Presale where all FUN tokens were issued. To read more about our journey, please see our Roadmap.
We realise that the cryptocurrency market is currently highly volatile, though we believe that the cryptocurrency markets will become less volatile in the future with the adoption of blockchain technology in general.
We cannot guarantee that the price of FUN will stabilise, however we do anticipate that ecosystem participants will adapt to market value changes and as such, token price at any given time should not hinder anyone’s use of the platform.
In the long term we will be researching how best to employ stable coins such as makerDao and Variabl together with the FUN token to deliver greater certainty of value for platform participants.
For launch we will be using MetaMask. We are constantly looking at the range of suitable wallet options, and over time expect to offer additional options, as well as supporting mobile based wallet interfaces.
Thanks to the proprietary software we have developed, the FUN token enjoys speed, security and player protection advantages over other cryptocurrencies. This is why believe it’s important at this time that FunFair-powered casinos only accept wagers using FUN.
To find out why the FUN token and Fate Channels combine to produce fairer, more secure blockchain gaming, please read the latest version of our whitepaper.
Any participant on the FunFair platform – player, casino, affiliate or developer – who wishes to convert FUN tokens back into fiat or other cryptocurrencies may do so using one of the third party exchanges where FUN can be bought and sold. While casinos are likely to withdraw FUN from their addresses in order to pay non-platform operating costs, for example, they must always maintain a sufficient FUN balance to accept bets and cover liabilities.
This is dependent on the scale of operations you expect to have. There are three key questions that will help determine the amount of FUN you will require: What will the likely split be between table gaming and slot gaming? What do you expect to be the average bet size for a slots spin, or a round of table gaming? What volume of traffic do you expect to receive in your first month? A broad understanding of these three questions will enable casinos to calculate the appropriate starting bankroll to ensure all bets and liabilities are covered.
We are still working on the economic modelling for this but because of the lower costs of the system we expect these to be generous.
Our platform is initially designed to support fixed odds games – but as it develops we’ll be looking to support other types of gameplay, so watch this space.
Currently, FUN tokens can only be purchased for use on the FunFair platform at the following third party exchanges:
Bitfinex, Binance, AirSwap, gate.io, HitBTC, NovaExchange, EtherDelta
We are however working towards the introduction of alternative methods for obtaining FUN including including swap tools and fiat-to-FUN options such as debit/credit card transactions.
We recommend the use of an Ethereum wallet that has hardware wallet integration such as MyEtherWallet or MyCrypto. These allow you to use hardware wallets like Ledger or Trezor which enable you to quickly and securely interact with the FunFair platform.
There is no specific regulation governing crypto casinos; although with many regulators looking at bringing in rules, it is expected we’ll see some changes to legislation in 2018.
Having said that crypto casinos will of course trigger existing gambling law and there is no reason why a FunFair casino wouldn’t be compatible with the overarching objectives of most regulators. Clearly there are some nuances around gambling equipment which need to be clarified.
Ultimately this will be the responsibility of the operator but we are likely to insist that licensees comply with local AML legislation. There will be a separate FunFair KYC service – that we’re excited about in its own right – that will also use the blockchain and should make onboarding customers much easier.
We are applying for a UKGC remote gambling software development licence.
We are looking at licences in Gibraltar and Malta.
We wil look at other jurisdictions on a case by case basis.
Yes our games will comply with responsible gambling rules – in particular the UKGC’s remote technical standards which means they’ll provide financial limits/timers/self exclusions etc.