Why Funfair Coin is considered to be a cryptocurrency?
Funfair Coin is one type of many cryptocurrencies. Cryptocurrency is the term for all digital currencies that don’t have a physical presence. In addition, most coins are not issued by the state, but by the private sector. Funfair Coin is still relatively new to the market but already has a relatively large fan base.
Unlike Bitcoin, this coin has a much more mature concept. It includes far more services than the currencies of other developers. A characteristic of crypto money is that it serves as a means of payment, and can also be an investment.
The reasons why the latter purpose has recently hit the headlines are complex. Firstly, there is, of course, the impressive boom that many of the currencies have triggered. In many online stores, it is already no longer a rarity that digital coins are accepted as payment.
In addition, crypto money can provide high returns, while traditional forms of investment threaten to become increasingly insignificant. The classic savings account, for example, typically earns investors just about 0.1 percent interest each year.
Corporate or sovereign bonds don’t perform much better. Another investment form, the share, is distrusted by many investors. After all, there were already major stock market crashes in the past. The resulting gap can be perfectly filled by cryptocurrencies.
Why was Funfair Coin developed?
The aim of the developers was to create a means of payment specifically for gambling. In fact, this coin solved some issues that had previously caused problems for Funfair’s casino. After signing up with one of the different casinos of this provider, users can exchange euros for coins.
Thereafter, the entire range of machines and table games is open to them. If fees for a service are due, some coins are automatically destroyed. In contrast, the value of the remaining currency units increases to the same extent. The problem of inflation is thus automatically prevented.
Basically, the Funfair platform is open to all operators of online casinos. The only requirement is accepting this coin as an official form of payment in your casino. Funfair Coin also uses a blockchain – it is based on the successful Ethereum blockchain, which is reputed to be particularly innovative and mature.
All functions of the coin are decentralized, thereby guaranteeing maximum security. Incidentally, the community always earns when a new casino operator introduces Funfair Coin. Then, specifically, license fees are due, which can add up after a short time. However, the operating costs of this coin are relatively low.
What is the market capitalization of this coin?
With a market capitalization of around 90 million euros, this coin already ranks among the most important cryptocurrencies. But what exactly is its value and what does this mean? Regarding the first point, the following can be said: Market capitalization is the sum of the current market price and the number of units.
It has thus undermined ongoing fluctuations. After all, the price paid in the markets can change many times a day, even every second. The higher the market capitalization of a cryptocurrency, the greater its publicity. The 90 million euros represents a considerable value, but there is still room for improvement.
As the number of units is limited by the developers, higher market capitalization also means higher prices. That the price paid in the markets will soon multiply is certainly a possibility – other cryptocurrencies such as Bitcoin have already demonstrated this.
The unanimous opinion of the experts is that the boom in the crypto field is not over yet, and currencies such as Funfair Coin might still enjoy the highest price gains. The more courageous investors are today, the bigger the reward may be tomorrow.
Affiliate coins as a reward for loyalty
Users who are loyal to Funfair Coin will be rewarded on the platform in the form of affiliate coins. All you have to do is recommend the coin to friends or acquaintances. If these decide to use Funfair Coin, the recommendation is worth money.
The entire system is extremely transparent and tailored to the needs of investors and users. The number of people using online casinos continues to increase, year by year. Accordingly, the demand for a suitable cryptocurrency is rising.
Funfair Coin seems to be a viable solution. The currency is flexible and was designed exclusively for the environment of gaming casinos. Looking ahead, more online casinos can be expected to switch to these unified coins.
At least this would make the business much easier for entrepreneurs. A switch to Funfair Coin could have other advantages for the users of casinos. You could use the same currency for blackjack, roulette and all the machines.
The question remains, what can be done with this coin outside of online casinos? If you believe the rumors, the leap into the world of other online services is imminent.
Funfair Coin – a summary
Funfair Coin is probably the first currency exclusively dedicated to the online casino market. In principle, any operator of an online casino can switch its services to this coin. Of the fees due, the community profits first and foremost.
If fees are charged within a casino, coins are automatically destroyed. The remaining coins will increase in value. Despite its structure being tailored to casinos, Funfair Coin is also conceivable as a means of payment in online trading. Among consumers, the currency is favorably viewed, primarily because of its value stability.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.