General

FUN token set to launch the XFUN token on the Polygon community

Earn 20 Reward Points by commenting the blog post

FUNToken introduced at the moment that it has created a brand new token, XFUN, to additional improve velocity and transparency in iGaming whereas considerably lowering the price of transactions.

XFUN is a brand new layer two token on Polygon, benefiting from the dramatically elevated efficiency and decrease latency of this blockchain system. XFUN is issued by means of a course of the place FUN tokens are deposited into Ethereum’s mainnet on a 1: 1 foundation and withdrawn from industrial circulation. The method is reversible, with the fuel prices for the return to the principle community billed to the token holder. XFUN won’t be publicly traded and solely accessible by means of the XFUN Pockets.

FUNToken will launch a non-custodial pockets for XFUN that may incorporate quite a few key options:

  • Risk to carry each FUN and XFUN tokens
  • Integration with the Ethereum and Polygon principal community
  • XFUN Bridge which permits wallets to trade FUN for XFUN and vice versa
  • FIAT to FUN / XFUN alternatives built-in utilizing third-party processors
  • Non-gasoline transactions on XFUN the place accessible
  • Built-in KYC when required by operators

“We’re actually excited to announce the approaching launch of XFUN”, Adriaan Brink, CEO of Funtoken, stated. “This new Layer Two token will change the dynamics of FUN and take us to the following degree of our journey.

“In our efforts to successfully unify a decentralized gaming and NFT economic system, FUNTokens match collectively completely”, stated Shreyansh Singh, director of Polygon Studios. “We’re excited in regards to the prospects for this partnership.

XFUN will change FUN as a token behind dPlay On line casino and will likely be launched to quite a few new gaming firms over the following six months, together with a brand new XFUN on line casino, fully-chain poker site and sportsbook, all slated to launch by the top of the yr.

All FUN tokens used within the premium membership program at Freebitco.in (FBC) which might be at present held in custodial wallets will likely be moved to XFUN wallets upon launch. It will convey over 170,000 premium members with over 430 million FUN to XFUN. For comparability, it must be famous that FUN at present has round 86,000 token holders. It’s probably that within the first month of XFUN, greater than 10% of the excellent provide of FUN tokens will likely be deposited into XFUN.

Supply

Related Articles

Leave a Reply

Back to top button