A Man would be short changing his family not to be stockpiling Fun Fair Tokens... scored fairly large in the presale now I'm buying 20,000 tokens a week until the 2nd sale... I recommend breaking down the white sheet and researching the technology involved along with those heading up this project and you will have 0 doubt as to where the price is headed.. Compare to similar gaming coins thay offer far less and you my friends will be compelled to sell the farm and turn in your 4 to 6 month notice at work..lol. I see $7.00 easily when the numbers are tallied and the demand along with similar platforms..
$7.00 will be conservative... Let's do this
17 Billion tokens @ $7 each ? Whatcha smoking ?
This looks amazing and I love the idea of the fate channels. My only concern is the amount of dilution from the 2nd ICO round and the %14 percent for founders and advisors. If not for that I would be all in.
Not going to suggest prices, but understand the economy.
For the casinos to provide jackpots and payout players, Casino operators have to acquire enough FUN tokens to cover the potential of all bets in play winning.
Ensuring the casino operators can honour every bet made provides the ecosystem with a continuous degree of FUN token scarcity and liquidity as purchase pressure from the casinos is ever present to be able to offer players advertised jackpots in case of win.
If casinos plan to cover the bets, their operators have to acquire the amount of tokens required to meet all bets in play beforehand. In terms of the economic model this leads to scarcity and reduces available liquidity in the open market. Simultaneously this need to acquire tokens remains in constant demand establishing the market dynamics where a demand for available supply meets a price for those willing to sell.
The expectation is that the market rate for tokens increases directly proportional to the quantity of new operators entering the market as well as the volume of games played over time amongst existing operators, whilst rewarding early adopters.
The supply is finite by design. As the tokens are burned during play, the 17,173,696,075 tokens issued gradually reduces. Fees are charged as a percentage to the operator, rather than a flat fee. Therefore as the token quantity gradually diminishes, the value of the token is subject to inflation and an increase in value overtime.
The number of tokens remaining is inversely proportional to the value for the rest of the token holders.
As more tokens are burned the price self adjusts resulting in fewer tokens than required by operators and players for equivalent successive bets resulting in fewer of the numerical value of remaining tokens being burned irrespective of its relation to future price valuations.