Flipside Daily Mover: FUN
A coin per day, making big moves
FUN Utilization Grows with New Onboarding Process
May 9, 2019
FUN User Activity is up 16.67% over the last 14-days. FCAS has climbed 44-points (7.41%) as a result, with help from a 25-point (3.62%) spike in Developer Behavior. Market Maturity has declined 21-points (-4.15%). Price is up 0.81% over the same time frame.
Smooth Operators
The team at FunFair has created a customizable platform for casino and gambling operators to quickly launch high-performing games. It is focused on reducing frictions common across competitor offerings, such as high costs and tedious onboarding. In addition to solving for the latter, FunFair has reduced the costs that have plagued other Ethereum-based gambling DApps by creating Fate Channels. This custom state channel system only writes to the Ethereum blockchain at the beginning and end of each session, allowing users to participate in games without having to pay gas fees for each bet made. The FUN token is the lifeblood of the system, and is used for all facets of payment on the platform.
A Truli Better Experience
On April 30th, 2019, FUN announced a new integration with Trulioo, a “leading global identity verification providers” based in Vancouver, Canada. Touted as KYC v2, the integration has reduced sign-up times to under 5 minutes (from 20–25 min previously), and has led to a 16.67% increase in the project’s User Activity rating. The new KYC v2 is currently available in Canada and will be gradually rolled out to other territories.
🌶️ Hot Take
While online casinos and gambling platforms may not excite blockchain revolutionaries with an eye on displacing centralized computing infrastructure and services, this segment of the industry represents one of the most defined use cases for the technology. By building easy-to-use gaming platforms, projects like FunFair are pushing crypto assets and blockchain technology further along the adoption trendline by making the average user more comfortable with using services that leverage them as the foundation of their applications. With a new upcoming wallet release, FunFair is positioned for continued growth and increased adoption through Q2.
Announcing our partnership with Messari
We are excited to announce FCAS ratings have been integrated into Messari’s OnChainFX dashboard. Our partnership will bring increased transparency to the growing crypto markets.
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