I wanted to share some of my thoughts on one of my favorite projects. Please note I am not a financial advisor, only am sharing one of my investment strategies.
Intro:
Even in the volatile crypto market I want to keep a strong hand and stick to my fundamental investing strategy; the tried and true cliche, buy and hold. Before the new year I am in the process of accumulating $FUN tokens for the planned period of holding for 1+ year(s), I believe it is the lovechild of two growing spaces crypto and online gambling.
FunFair Summary:
FunFair is a decentralized Ethereum blockchain online casino technology company which license their blockchain tech to operating casinos. FunFair uses the $FUN token in its ecosystem, all token holders have a stake in the success of the ecosystem, because players and casinos will both be using the token has a means of exchange through the online games played. You will find the classic casino games such as Blackjack, Roulette, Slots, Craps, Baccarat and Video Poker.
It is provably fair, since the tech is built on the blockchain where randomly generated outcomes are provably fair, erasing a miss trust in todays online gambling market.
Great Leadership:
Founder and CEO Jez San has hit on every roadmap event in 2017, the last event on the current roadmap is Q1 of 2018: Official Public Beta Release (more on that later). Jez San has had many successes in his game development & entrepreneurial career, the proven track record on successful projects is on this mans resume and I feel much more at ease with a good leader influencing my investment.
Find the rest of the team here: https://funfair.io/explore/team/
Operating Casinos:
The Operating Casinos using FunFair licensed technology will hold the $FUN token as their Casinos bank roll. FunFair plans to launch thousands of Casinos, and allow them to operate under private labels. The FunFair team has allocated 1 billion tokens for the sale to private casinos, however I do not believe that hinders the possibility of other token holders to want in on the casino operations. During game transactions $FUN tokens will be burned, limiting the total supply.
Game Development:
FunFair has a working prototype, which I think is critical to any crypto project. So does it's founder heres a quote from an interview with CoinDesk.com "You should have a product before you ICO, you should know how to run a company, you shouldn't have an anonymous team and you should release a prototype first,".
The game developers have built sleek games that players will enjoy, funfair wants to develop further games too.
The Ecosystem:
The ecosystem is set to be strong with tokens being held by the FunFair Founders, Casinos Bankrolls, Players, and all other token holders. I think the FunFair ecosystem is poised to be one of the strongest in the coming years.
Price:
$FUN has fluctuated from 0.01-0.03, accumulate tokens before the new year and hold for 1+ and I think you'll be happy with your return on investment, really really happy.
Conclusion:
This is one of the most under talked about projects in the blockchain/crypto space today, the commercial usage possibilities for this token is a niche in an already huge (and growing market) its a BUY rating for me.
Checkout the white paper:
Commercial- https://funfair.io/wp-content/uploads/FunFair-Commercial-White-Paper.pdf
Technical- https://funfair.io/wp-content/uploads/FunFair-Technical-White-Paper.pdf
Sources:
https://funfair.io/explore/team/
https://www.coindesk.com/ethereum-icos-youre-wrong/
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