FunFair, the decentralised casino gaming platform powered by Ethereum, has announced a collaboration with global cryptocurrency exchange Binance. Binance listed FunFair’s FUN token from Thursday the 28th of September 04:00 UTC. To celebrate the launch, Binance and FunFair have launched a ‘Top FUN Holding Leaderboard Reward Program’.
Jez San, FunFair’s CEO & Founder, commented: “We’re thrilled to welcome Binance as the first Asian exchange to list FUN and support FunFair’s token economy. This is an exciting time for FunFair as we’re actively developing games and technology to support the global gaming market and are seeing strong interest in FunFair’s technology from Asia.”
With the goal of to harnessing the potential of the blockchain to disrupt online gaming, the tech gaming start-up uses its purpose-built Fate Channels technology to deliver the fast, cost-effective and fair online games using the Ethereum blockchain.
CEO of Binance, Changpeng Zhao added: “FunFair is a very exciting start-up that is developing a pioneering technology to potentially revolutionise the $60BN gaming industry and the FUN token will play a crucial role in that transformation.”
By creating its own technology solution, Funfair has enabled users to operating their own gaming brand. The FunFair platform is fully auditable and provably fair while maintaining an emphasis on the participants having fun and providing high-res graphics.
Funfair’s token, FUN, is the currency of this new gaming ecosystem and provides the method of interaction with FunFair smart contracts. It also ensures that all parts of the ecosystem can utilise FUN and is used for rewards for players, game suppliers, affiliates and operators.
The ‘Top FUN Holding Leaderboard Reward Program’ will reward 206 of the largest FUN token holders on Binance with additional FUN tokens. The 1st place winner will win 300,000 FUN tokens. The 7th to 206th users with the highest FUN balance at the end of the program, will receive 10,000 FUN tokens. The program will be running untill the 1st of October, 2017, at 04:00 UTC, with the extra FUN prize tokens set to be distributed to accounts on the same day at 10:00 UTC.