XFUN: FUN Token's New Layer-2 Token on the Polygon NetworkIn another significant step towards achieving its vision of decentralized online gambling, FUN Token has announced a new Layer-2 token based on the Polygon network: XFUN.
Through XFUN, FUN Token seeks to get rid of latency issues and high gas fees on the Ethereum mainnet, creating a fast, efficient, and seamless gambling experience.
XFUN will be minted in exchange for escrowing FUN Tokens in a 1:1 swap. This way, a substantial number of FUN Tokens will be taken out of active circulation. XFUN can be converted back to FUN Tokens, however, this process will incur gas fees.
FUN Token will also release a non-custodial wallet with a number of key features:
1. Integration with both the Ethereum and Polygon blockchains
2. XFUN Bridge to facilitate seamless and user-friendly swapping between FUN and XFUN
3. Allowing fiat-to-FUN purchases using third-party payment processors
4. Gas-free transactions
Subsequently, a full-fledged decentralized casino for XFUN will go live. This casino will be completely on-chain, bringing FUN Token's vision to life.
Through this token, over 170,000 users holding over 430 million FUN Tokens will be brought on to the Polygon network.
Join us as FUN Token and FreeBitco.in take a massive step towards the future of iGaming.