Topic: [ANN] [ICO] FunFair.io - Disrupting Online Gaming - New Casino Platform - page 33. (Read 89657 times)

Is anyone concerned over the 6,400,000,000 (6.4 Billion) tokens kept by founders?  Is it just me that thinks this is a ripoff on the backs of greedy for gain investors that are not even thinking and are just caught up in the illusion of becoming millionaires?  6.4 Billion? It must not mean much in Crypto World?

first ever Bolckchain Roulette table is live on the testnet:

https://showcase.funfair.io/

https://bittrex.com/Market/Index?MarketName=BTC-FUN

In case youre interested here's some of the teams previous games:

Google Jez San Argonaut Games

Including, but not limited to:

Populous (1989 Bullfrog and Electronic Arts) - Regarded as many as the first ‘god game’

Star Fox (1993 Nintendo and Arganaut) - Debuting Nintendos Super 3D FX Chip which Jez created for Nintendo

Theme Hospital (1999 Bullfrog)

Aladdin in Nasira's Revenge (2001 Disney and Arganuat)

Harry Potter Series (Warner Brothers and Arganuat)

Aliens Resserection () their twin stick control scheme with Alien: Resurrection
: https://www.youtube.com/watch?v=ZnmnpWKoUS0

Marvels Catwoman: https://www.youtube.com/watch?v=gL3sD8NNwLI

Jez San (https://en.wikipedia.org/wiki/Jez_San) is the most accomplished CEO in the crypto world and the casino platform he has built is ready to go live.

Here is a link to the technology showcase: https://showcase.funfair.io/

Last night Jez published a blog post on Reddit and it's been sitting on the top page of Ethtrader, which is the first time most people in crypto have heard about FUN. The ICO price was .01 USD - it listed on Bittrex las week and ran to .045 USD, but has gotten destroyed since then and is now back to .01 USD.

I'm not pumping this, I'm planning to hold for a few years because I think Funfair will be the first wide use adoption of the ETH blockchain. Blackjack, slots, roulette... this is not reinventing the wheel, as Jez explains in this blog post:

https://www.reddit.com/r/ethtrader/comments/6mc0lj/can_ethereum_casinos_disrupt_the_online_gaming/

Jez's latest blog post:

https://proofofsteak.com/can-ethereum-casino-games-disrupt-the-online-gaming-industry-ff36fa2bfa47

Just got me some FUN in order to diversify my portfolio. I really like the previews of the games so far.
Could be a good time to buy 

Greeting from NYC. Just wanted to say that I fortuitously stumbled onto your coin a couple of days ago. After performing the requisite diligence, readily invested. Color me a supporter of the model and your work. I hope the market's most recent vicissitudes have not discouraged or distracted.

Regards and continued success,

Dave

hey folks..

its been a busy time working on our funfair project but wanted to let you guys know im available to answer any questions...

-- Jez

Thanks for the info SciGuy. I bought more when it breached 500. I will break all my own rules and buy as it continues to go down and even chase momentum if it rises. Platform techs have done well historically and in many ways, this is no different. As an overall investment infrastructure technologies have performed better as an asset class than anyone. A couple of friends in London told me that the development team, not just the brass is top notch. If I sound like a shill, I'm not. At this juncture, I'm an interested and nominally invested party en route to an enthusiast. Perhaps devotee awaits.  Given the volume, I don't think anyone short of an institution could truly shill for this.

Hi Myriad Force,

I presented Jez (the developer) with your question and wanted to relay his response:

Ethereum is the network of choice right now. Not sure lisk would offer us much benefit. Ethereum is a rapidly innovating and well supported network.  The ecosystem is very rich and there's a lot of assets on the blockchain which gives us access to customers who have funds.  And since all tokens are erc-20 compatible, automated exchanging from one token to another is quite trivial and lots of exchanges will support this, as will protocols like 0x etc.  

In short, we get a lot of benefit in being on the ethereum blockchain and although its technically feasible to run on other smart contract enabled blockchains, it still might not be worth doing if the rest of the ecosystem isn't there.

Another quote from him that further elaborates on the benefits of utilizing Eth:

"Sciguy, other reasons.  Winter is coming!  Sorry, i meant, Metropolis.   it brings new features that we really like as well.   like EC math (lets us and other people do zk-Snarks, for good privacy, but more importantly for us, lets us do BLS random numbers (aka herd randomness, ok, I just made that phrase up).  Also, in Metropolis, the contract is able to pay the gas, which further lowers the barrier to entry of new customers playing with FUN for the first time.  ie, their account only needs FUN in it, and doesn't need any Ether as well."

To add to it, in this interview, Jez explains how the only time a customer would wait on the ETH network is at the very beginning when entering the game, so it wouldn't be held hostage to a bloated main chain

https://youtu.be/POpedVl04D4

You or anyone reading this can join the Discord channel to learn more and directly ask questions (Slack is not being used anymore due to a lack of control over scammers).

https://discord.gg/rwETqSP

Appreciate the sentiment SciGuy. Big ups to you.  

Given the nascent nature of crypto in general, we can all expect massive perturbations in the market. It's a given. In terms of numbers, there have been three "crashes" in the last six weeks or so that, in stock markets terms, would have engendered two recessions and one depression. Overall, the market is up since then.

Volatility is enormously relative. To someone who uses traditional stocks as a comparison, it's unfathomably unstable. To someone in Venezuela or Greece, cryptos may not seem unstable despite their rises and falls. Why? Because their currencies drop and don't come back. Cryptos vacillate wildly but experience overall growth. Unstable currencies don't realize growth; they fall and don't come back.  This is a hugely welcome change of pace I'd imagine.

As for Funfare, it's not perfect and it shouldn't be. Given the surprising amount of volume, traders will hinder growth in the short term as will early investors taking the short term profits. Personally, I like a company that focused on the product and less on the investment side. They have plenty of money raised and pocketed some as well. I don't mind that because we're dealing with professionals who didn't walk into the space broke. They're in no rush to see these numbers go up in a trader's market. Let the product find its legs and the money will follow. As for their building on ethereum, that's debatable. Ether is still considered by the professional investment community as the platform of choice and I'm sure their choice hinged on this. We all know that Windows is not exactly the best OS but it's done pretty well. I wouldn't want to trade funfare right now but it didn't stop me from buying some. My average cost was around 700 and it's under 600 at the moment. I could care less.

Just found this gem last night and scooped up some FUN right away and will hold for years.
My only concern is, its built on Ethereum, with their bloated main chain.
LISK would be much better, then FunFair would have it's own blockchain (side chain), unaffected by the constant issues with the Ethereum main chain.

 

You may be new to crypto, but I can tell you have a background to move forward in this space... especially if you can appreciate long term play. I imagine short term gains is an all-consuming concept in many minds.

I would like to note that I only discovered FUN one day ago, but I read everything on Reddit, ETHtrader interviews with Jez San, and went through as much of the Slack chat as possible (he posts actively there) where I copied most of his messages in order to have a strong understanding.

I found that the research didn't take long and it allowed me to reduce anxiety and increase confidence (a priceless endeavor)... and also to learn some hidden/quiet information that isn't publicly mentioned.

For example, players in games can be shown their local currencies and not crypto... but they will actually be playing with FUN, it will just show up as fiat.

A quote from Jez discussing what Phase 2 will contain:

Phase 2 (of the games, not of the token sale)... is just a UI change.   there's nothing to stop anyone who's not in crypto from playing this too.   any payment processor (hundreds of them) can offer players to bridge the credit card to crypto chasm.   they can take the player's credit card, buy FUN for them, and let them play the games.   We can show the player their local currency in the games, and not crypto.   they will actually be playing in FUN, but they will be seeing it in FIAT.   Their Payment processor not only buys and sells FUN for them with credit cards... and returns it to the card afterwards... but also looks after their wallet, and uses derivative smart contracts to protect the currency hedge.

A quote regarding token dilution during Phase 2:

Yes, any unsold tokens in phase 2, which is likely if the price has risen from now til that date, will be returned to phase 1 holders.  making it sortof an anti dilution effect

Thanks SciGuy. I'm interested in this because of Jez and company. Like the venture maxim states, "you invest in people not ideas." New to crypto and completed fascinated and entirely daunted. Prima facie, this looks like a very good long term play.

Far faster than any casino/gaming coin on the market. It uses fate channels and acts a bit like Raiden but more specialized and actually better in some ways (amazing that this technology is quietly tucked in FUN when Raiden isn't even close to being completed).  The speed is crucial for a good game experience.

Created by a legend in video games and online casinos, so the games themselves look wonderful and offer the same user experience as traditional online casinos.
 
Transaction fee only occurs when you enter and exit, but not during the game, so you can play hundreds of hands of blackjack (hours) for example, and pay the same gas costs as one hand or spin with other company's games.

Your money stays with YOU. It does not go to the casino or anywhere else. You start with the money, you end with your money.

The platform allows for private label casinos, and also for people to develop their own games on top of FUN... so it is not limited to what the developers of FUN create.

I could go on and on and on.

Edit: I actually will go on a little bit more

Quote from the developer:

We have significant advantages over our peers.  1.  we're experienced at both games development and online gaming.  2.  we know the casino games industry having worked in it for a decade.  3.  we have superior tech to anyone else, and a lot more tech coming thats quite groundbreaking.  no one else, as yet, can deliver games at low cost except FF, a big deal and not to be underplayed!  4.  we know how to make games.  few others seem to know.   5.  we're building an entire suite of games for launch (no one else seems to have more than one or at most two games, and theyre low quality).  6.  We have a developer and licensed operator model which is infinitely more scalable than the other guys, who are trying to market themselves.




They may burn tokens or they may give those tokens to Phase I token holders to increase value. But yes, tokens will be burned from transactional fees.  Jez Sans the developer does not believe it will reach 17 billion tokens anyways.  At the moment 3 billion in circulation is what should be used for estimation, but that should be considered with the value increasing plans.



Will be easier than you think, albeit gradual and controlled (healthy). You may want to do more research into the Reverse Dutch auction, burning of the tokens and giving back tokens from Phase 2 to the Phase 1 token holders. I suggest you join the FUN slack channel, then search for keywords.



Quite normal actually for an ICO or when added to an exchange. In fact I would be concerned if it not behave in this exact way. Quite healthy.


Yes, they plan to release at least two games per month. Their goal was to aim for the most popular games in actual casinos, then work their way down. In western casinos, slots account for 70%, followed by Baccarat, and so forth.  In the East, Baccarat is #1... so the plan is to address them in a "most demanded" fashion.


What is refreshing about FUN, is that it is one of the only projects that actually has the horse before the cart. Games have already been developed and is the first real use case for ETH smart contracts. I think it is great that the developer can show actual games and how it works right now (not theoretical or in the future, but now).

A quote from Jez that shows just one example of the horse before the cart:

We stayed in stealth mode while we were developing the advanced technology that has set us ahead of everyone else.  we didnt intend to be so quiet, but we also didnt want to reveal the cool technology we had, too much ahead of our pre-sale, because we wanted to ensure we had a huge head start over the competition.  no one else seems to have, as yet, this high performance, low gas tech.. though they all covet it.



Agreed. People should read a bit more about Jez San.

The story of how he reverse engineered a Nintendo Gameboy without Nintendo's help, then impressed them so much that he met Hiroshi Yamauchi (the President of Nintendo), then worked for him on 3D games... is pretty amazing I think.

If anyone wants to read that story, it is half way down this article:
https://calvinayre.com/2014/07/30/business/jez-san-gaming-industry-profiles-bl-video/

Also here is a wikipedia on him:
https://en.wikipedia.org/wiki/Jez_San

It's one of those projects that has good bones but the pieces are not fully in place. Massive float, Dutch auction coming in September, a quiet team and not much interest in the community. However, the team is outstanding, the demo is said to be great (I have not tried it), and they may be poised to be a big player in the space. A massive spike in value now only creates more pressure and a ramp could make them rife for mistakes. Given this strange climate where you get the money first, I can't blame a group for staying on the DL and playing for the long run. I believe that's what they're doing.

Volume is quite big, but this price drops don't looks good. Dev should to think about support promotion with twitter or/and signature campaign. Coin have big potential, but with so huge supply need also strong community. Just 6 pages of this thread show that not many people is interested in this project. Campaign for sure will bring many traders.

Yes indeed, I feel this coin will lower the price. Then wait under 200-300 sats. It would be better if patience for a moment.

There was actually a 10-50% bonus on top of the purchase if you were early i think, so it's closer to 250-400 Sats. At least it's still in profit territory