Altcoins: FUNToken (FUN) - What Is It? - A Deeper Look Into the FUNToken (FUN) Platform
Aa
Share
Summary:
- What is The FUNToken Platform and how does it work?
- What makes the FUNToken exchange unique?
- FUNToken’s past, present and future price positions.
The FUNToken platform
An asset created exclusively for the online gaming and gambling sector is the FUNToken. The Ethereum blockchain's advantages are combined with a cutting-edge tech stack in FUNToken, making FUN a potent tool for gamers, platforms, and developers alike. FUN backs the advent of new digital game era:
Quick - Use the XFUN Layer 2 token for quick wallet-to-wallet and in-game transfers to extend your playing time. Transparent - Decentralized, openly logged, and traceable transactions. Processes are streamlined and made easy with Seamless - FUNToken, an ERC20 token on Ethereum with a Layer 2 token called XFUN in Ploygon. Open - Anyone can use FUNToken's power, including players, developers, and dapps. Safe – FUNToken ownership is fully anonymous.
By actively encouraging additional gaming operators to benefit from the FUNToken ecosystem and player base, existing product development and extension has increased the token's use.
The XFUN on Polygon, which is quicker and less expensive than Ethereum, has just been released by FUNToken. Only through a 1:1 bridge mechanism with FUN is this token accessible. In order to purchase the new token, users must escrow their FUN, which lowers the trading supply and ultimately raises demand.
The XFUN Wallet, made available by FUNToken in the Google Play and Apple App stores, offers a safe, non-custodial means to store and transfer both XFUN and FUN.
Transactions on the XFUN Wallet are frictionless and quick thanks to the absence of gas. The FUNToken will continue to hold its value in the future thanks to a calculated quarterly burn of 50% of any earnings.
As an ERC-20 token built on Ethereum, FUN uses the proof-of-stake (PoS) consensus algorithm. Proof-of-stake (PoS) was developed as a substitute for the proof-of-work (PoW) consensus employed by Bitcoin. PoS distributes mining power depending on already obtained tokens, whereas PoW requires a considerable amount of processing power to mine tokens.
Numerous analysts point out that PoS is an easily scalable consensus technique that offers more use case flexibility. Consequently, in recent years, this consensus method has become much more widely used.
The FUNTokens Uniqueness
By easing tension between players and operators and returning control of player funds to players, FUNToken aims to change a flourishing industry.
With the quick, gas-free operation on Polygon now accessible via mobile wallets, FUNToken is founded on standards and offers a scalable and reliable way to access decentralized applications.
The current market capitalisation for FUNToken is currently $79,585,123. There is a maximum supply of 10,999,873,621 tokens, 100% of which are currently in circulation.
The Advantages of FUNToken
- Speed, make the most of your gaming time with quick wallet-to-wallet transfers.
- Secure, FUNToken ownership is protected via non-custodial wallets and is anonymous.
- Seamless,they are ERC20 tokens, FUN/XFUN. The blockchain streamlines and speeds up business procedures.
- Open, everyone may utilize the power of FUN, including users, communities, and developers.
- Transparent, decentralized, transparently recorded, and traceable transactions are used.
- FUN IS TRADEABLE AND LIQUID, The best aspect is that FUN is also traded on significant exchanges including Binance, Uniswap, Gate.io, HitBTC, and BitFinex. To purchase FUN, click on the logo of your preferred exchange below, or select "Buy FUN Tokens" to do so using the Rubic widget.
Past, present and future prices of The FUNToken network (FUN)
In Early 2018 the price of the FUN token reached its first price peak and its highest price at $0.1728. Since then the price has fallen consistently. In early 2021 the price began to rise again, but has since found a stable price throughout 2022.
Over the past 6 months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, FUN does fall under this category.
According to some analysts, the future price of The FUNToken network (FUN) could reach up to $0.035 by 2025 and could see a price of more than $0.22 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions.
FUNToken Price Chart
Sources: finance.yahoo.com, coinmarketcap.com, funtoken.io, technewsleader.com
