What is FUNToken coin (FUN), XFUN, online games and price prediction? | PortalCrypto

FUNToken is an asset developed specifically for the gaming and online gaming industry. FUNToken combines the qualities of the Ethereum blockchain with a cutting-edge technology stack, making FUN a powerful resource for gamers, platforms, and developers. Read on to learn more about the project.

What is FUNToken (FUN)?

FUNToken is a blockchain-based system that provides a robust, transparent, and openly fair mechanism to track transactions and maintain fair distribution of winnings during gaming. It uses the power of blockchain in the gaming industry to reduce the escrow elements of traditional gaming. FUNToken seeks to consolidate its position as the world’s number one gaming token.

Existing dPlay will be migrated from FUN to XFUN once XFUN is active. It will continue to serve as a test bed for future technologies and a lightweight “plugin” for sites with large user bases such as Freebitco.in.

XFUN offers a richer game selection and enhanced features. It will work in XFUN from the start. BETR peer-to-peer sports games will be re-released on XFUN. This sophisticated system is fully on-chain and allows players to participate in sports gaming, as well as integration with real-time odds engines covering all major sports and eSports. They will introduce Lay Staking, allowing players to take the position of “the house” in the first quarter of 2022.

How does XFUN work?

FUNToken has launched a new token, XFUN on the Polygon sidechain, which is more efficient and cheaper than Ethereum. This new technology enables efficient on-chain transactions with zero cost and low latency. XFUN is the new Tier 2 token that will change the dynamics of FUN and bring a higher level in the game journey. XFUN is a token on the Polygon network, enjoying significantly increased performance and lower latency on this system of blockchain. It is invented by a process by which FUN tokens are deposited on the Ethereum mainnet and withdrawn from commercial circulation.

XFUN will replace FUN as the token behind dPlay and will be introduced to several new gaming ventures over the next 6 months, including a new XFUN. XFUN is a new token on a faster blockchain that maintains 1:1 value with FUN including full interoperability and allows FUN to harness the power of the blockchain and build its strategy for decentralized asset management and treasury. gaming funds. A key proposition of XFUN is to move this activity to the blockchain, letting players control their funds and protecting them from underfunded operators. XFUN will do this by using on-chain deposit for player and operator funds throughout a game’s lifecycle.

XFUN bridge

The XFUN bridge will provide a robust and secure switching mechanism from FUN to XFUN and vice versa. This will work by depositing incoming FUN on the Ethereum mainnet and creating XFUN on Polygon. The reverse process is to burn XFUN and release funds from the escrow account on the mainnet. FUNToken will also publish a real-time webpage where users can verify at any time that the escrow accounts match the issued XFUN.

XFUN Wallet

Say goodbye to old-school, super-complicated, single-linked cryptocurrency wallets, because there is a new player in the crypto sphere called the XFUN wallet. The XFUN wallet supports multiple currencies, from Bitcoin to Ethereum. You can also store all ERC-20 coins and native FUN and XFUN tokens here. Registration is done with a simple touch of the screen and coin transfers are done simply by scanning the location you are transferring from or to. The entire XFUN ecosystem is safe and easy to use.

The wallet is a revolutionary step from Funtoken as it is non-custodial, meaning only the user owns the wallet’s private key and has full custody of the digital funds stored there. It is also a multi-chain wallet as it is connected to multiple chains. It supports Bitcoin and ERC-20 tokens, but also $XFUN, which is a Polygon layer-2 token. It is a truly versatile wallet.

How is the FunToken (FUN) project different?

With a well-defined roadmap and a team with a proven track record of delivering blockchain solutions, FUNToken is on track to deliver advanced gaming opportunities with a clear direction for FUNToken utility, relevant software development and technical infrastructure. FUNToken is actively working with major operators to augment content for their users as they aim to grant access to the large FUNToken community with a fast and efficient token that positions FUN/XFUN as the premium gaming token.

FUNToken values ​​cooperation with existing game operators and also continuously improves easy and efficient onboarding mechanisms to expand participation in the FUN ecosystem. FUNToken has a close relationship with Freebitco.in (FBC), which is the largest BTC faucet in the world and has a playerbase of over 46 million players. FBC committed to FUN as a premium membership token earlier this year and began selling FUN to its members.

As of August 2021, FBC has over 170,000 premium members with over 86,000 million FUN. These members will all automatically be moved to XFUN once the wallets and bridge are ready, giving XFUN an immediate audience. In comparison, it should be noted that FUN (on the mainnet) has around 10k token holders. In the first month of XFUN, more than XNUMX% of the circulating supply is likely to be deposited in XFUN.

FUN/XFUN token

FUN tokens are pre-built with no further issuance in sight. There is a maximum supply of 17 billion FUN tokens created during an official FUN presale on June 22, 2017. Over 80% of all tokens were distributed to investors and industrial buyers during this presale event. While 11.173 billion minted tokens were reserved for a second presale, they were later removed from the schedule.

More than half of these reserved tokens (55%) were burned because they were classified as surplus. The remaining 4.7 billion tokens were transferred to new owners in 2021. Supply is now fixed (can no longer be minted) and decreases with quarterly burning. The trade supply is further reduced by 1:1 with all XFUN tokens issued on Polygon, so the usage of XFUN increases, so the FUN trade supply will be reduced.

How is the FUNToken network secured?

As an Ethereum-based ERC-20 token, FUN operates under the Proof-of-Stake (PoS) consensus method. PoS was created as an alternative to the proof-of-work (PoW) consensus used by Bitcoin. While PoW requires significant processing power for tokens to be mined, PoS distributes mining resources based on tokens already acquired.

Many analysts point out that PoS is an easily scalable consensus method that allows for greater flexibility in terms of use cases. Therefore, it is becoming a much more popular consensus method in recent years.

Where to buy the FUN token?

The FUN token can be purchased on several major cryptocurrency exchanges, among the most important: Binance, OKX, Bitrue and Gate.io.

FUN Price Prediction (FUN)

The price of FUN is likely to reach a maximum level of $0.0177 throughout 2022. According to our Crypto Price Prediction Index, in 2023, the price of FUN (FUN) might reach a maximum level of $0.0341, with a price of average trading $0.0253. According to our Crypto Price Prediction Index, in 2025, FUN is expected to cross an average price level of $0.0411.

The minimum expected value of the FUN price at the end of the current year should be $0.0379. Moreover, FUN can reach a maximum price level of $0.0418. The price of FUN is expected to reach the lowest possible level of $0.0363 in 2030. According to our Crypto Price Prediction Index, the price of FUN may reach a maximum possible level of $0.0670, with an expected average price of $0.0505.

Conclusion

O FUNToken seeks to revolutionize a burgeoning industry by reducing friction between operators and players and transferring custody of player funds into the hands of players. FUNToken is built on standards and with fast, gasless operation on P{olygon now available via mobile wallets, it provides a scalable and robust mechanism for accessing decentralized applications. PortalCripto hopes to have provided you, the reader, with the necessary information about the FUNToken project.

Learn more about fun

* PortalCripto values ​​the quality of the information and attests to the verification of all the content produced by its team, emphasizing however that it does not make any type of investment recommendation, not being responsible for losses, damages (direct, indirect and accessories ), costs and loss of profit.

We want to give thanks to the author of this short article for this remarkable material

What is FUNToken coin (FUN), XFUN, online games and price prediction? | PortalCrypto


Our social media profiles here and other pages related to them here.https://metfabtech.com/related-pages/