Voted for the fun tokens!  Thank-you  |
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Hi, is there some sort of share dividends for token holders?
Correct me if I am wrong, but there are no dividends involved. FunFair tokens get burned over time through usage. Dividends make tokens equities which run afoul of securities laws, they fail the Howey test and are almost certainly going to be flagged and held accountable. Most exchanges also wont list them. You shouldn't touch any token that pays dividends. Funfair transactions fees will be burned for the first two years. |
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I've been keeping an eye on this coin for quite some time and believe that this is a great project with a solid team and a lot of potential.I haven't invested in it yet, but plan on doing so shortly before DevCon3.
We're actually sponsoring devcon3 infact we are the global sponsor; https://ethereumfoundation.org/devcon3/Actually we updated our logo too, but Ethereum Foundation only allow static images, it should look like this  Like it?  The new Logo is great. Can't wait to watch the conference on Youtube. Funfair will get some serious exposure after flying under the radar for the summer We already are getting serious exposure on Telegram!!: https://t.me/FunFairTech+1000 chatting in the group there |
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I've been keeping an eye on this coin for quite some time and believe that this is a great project with a solid team and a lot of potential.I haven't invested in it yet, but plan on doing so shortly before DevCon3.
We're actually sponsoring devcon3 infact we are the global sponsor; https://ethereumfoundation.org/devcon3/Actually we updated our logo too, but Ethereum Foundation only allow static images, it should look like this Like it? |
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Is any info when will burn coins?
Nope, just that phase 2 is delayed. There wont be a phase 2 |
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There has already been a nice pop on Bittrex this morning concerning the news. I bought quite a bit more. Moving them to Myetherwallet for long term holdings. This is gong to be huge in a year or 2.
I will not be suprised if will be 10X...best team! 10x is reachable or even 20x in my own view because I do saw the the dedication of devs of this project and just like you guys I'm holding up on my MEW and forget this coins for a year or more.Lets see how far it would go. I'm expecting profits on this one.  Please use a hardware wallet |
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Hello,
can somebody please tell me, how much money was raised during the ICO?
We raised 26m US equiv in total |
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I work for Funfair. Yes there will be likely institutional investment if it makes strategic sense. No it wont be a public second phase ICO. Retail just provides way too much unnecessary risk and exchanges are second markets that handle that.
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It looks amazing, and I like the idea of the destiny channel.The only thing I care about is the dilution of the second ICO round, the founder and consultant's 14 percent.If not, I'll all be there.
*fate channel token count is being reduced (burn) so no dilution there currently wont be a second public ico, the china news has changed things. we knew two weeks prior it was going to happen. 14% is nothing in comparision to other icos and there are a huge amount of development and legal expenses in this as its a real project. Let alone the marketing and strategic partnerships as we target legacy traditional online gaming. Our licensing costs are insignificant, they reltate to further burn of tokens so we arent generating profit by affiliates - this means we arent directly profit from casino operators. There is an incorporated company but there is no equity holding, this allows us to be nimble. |
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We just added the firstvideo poker btw:  |
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For some reason, I missed this project during the ICO stage. I would like to ask if the tokens are currently trading above ICO price?
Thanks
yes they were around $0.01 We just added the firstvideo poker btw: |
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The other tread is just 10 pages long, not exactly a massive respons, seems dead to me. Aww no its just not full of ico bounty grabbing (didnt have bounties is a legit project not intent on a money grab, it's not about spamming bitcointalk with tags - founders are well known to bitcointalk mods and would rather not spam the forum plus ico was well oversubscribed before opening), considering this project has more updates than any other in the space with actual working product and new games added every couple of weeks its hardly dead is it? Funfair has off chain scaling ahead of Ethereum and Raiden, theres now 9 games, an extra two since your post. How is that dead?! The telegram chat has over 650 members and the entire team are in communication there in live time, thats an extra 200 people since your last post. How is that dead?!! Why not engage usefully if you want to see more interaction instead of spreading nonsense? |
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As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago
By the way, is there Russian sipping? Please send a link, please
Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low?  , vdice is slow and boring. Its a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels. @Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks! I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate. https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/Under the Howey Test, a transaction is a security (or investment contract) if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a common enterprise Any profit comes from the efforts of a promoter or third party Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment. Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license. Are they asking for investment to bankroll the house? Are they issuing tokens? Are they paying dividends? Yes. Yes. Yes. So what is your point? A token sale does not automatically preclude one from getting a US gaming license. They fail the Howey test. They are creating an unlicensed equity through an unlicensed gambling platform and raise money through the creation of an unregulated security. |
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As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago
By the way, is there Russian sipping? Please send a link, please
Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low? , vdice is slow and boring. Its a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels. @Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks! I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate. https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/Under the Howey Test, a transaction is a security (or investment contract) if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a common enterprise Any profit comes from the efforts of a promoter or third party Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment. Of course BitDice is offering an investment. If it wasn't so close, they probably would've opened it up to US citizens. Of course, they need a gaming license for each territory they want. I woulnd't decide right now if being a US gaming license because of a token sale is an automatic rejection. 888 Holdings was a notorious spammer when it received its US gaming license. Are they asking for investment to bankroll the house? Are they issuing tokens? Are they paying dividends? |
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As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago
By the way, is there Russian sipping? Please send a link, please
Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low? , vdice is slow and boring. Its a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels. @Bitcoinorama What's your position at FunFair? Assuming you work for them? No ill intentions just looking to place what you said in clearer context. (Bolded & underlined part mine.) Thanks! I had Bitdice rep approach me in the Telegram chat and he had no idea about Howey, that a dividend paying token would fall afoul of securities law (Goolgel SEC Vs Howey - its the standard test for securities - US has been vague but they will always refer to that and thats what icos are being recommended to ensure they meet its mentioned in their latest update and why many icos are refusing to accept us citizens). If thats the case (and if they do a token raise in general) they will likely not be granted a gaming license or retain any they might have. Bitdice is not a developer but a third party casino operator which needs a gaming license to legally operate. https://bitcoinmagazine.com/articles/sec-weighs-ico-tokens-securities-ether-still-labeled-currency/Under the Howey Test, a transaction is a security (or investment contract) if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a common enterprise Any profit comes from the efforts of a promoter or third party Bitdice is offering an investment and specifically offers an investment in a common enterprise gives an expectation of profits from an investment. |
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As I understand it, the bitdice is a competitor to FUN, what are the advantages of the FUN, the project is very interesting, although it was released long ago
By the way, is there Russian sipping? Please send a link, please
Also would like to hear the answer for this question. There appear a lot of competitors in this sphere, bitdice, vdice, daocasino etc. What are the main advantages of FunFair. And why the heck the price for the token is so low? Bitdice has no legal counsel to speak of. They are listing a dividend based token that fails the howey test, they will likely lose any gambling license and fall afoul of securities law if you read the recent SEC update, vdice is slow and boring. Its a spreadsheet that takes minutes to confirm with expensive gas costs. Dao has no underlying tech to compete with fate channels. |
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This price is taking off like crazy. Was hoping to get in but now I am going to have to wait for a correction (hopefully one happens). The tech and graphics of this gambling platform will take it to the top. I don't even gamble but the demo is fantastic
These are mock-ups wait till you see the real deal. All of the games are in prototype form right now, and although they are good compared to other blockchain games, we want them to be a lot better and they need to be really great before we release them, as they need to compete against all other online games, and not just blockchain games. IE: by year end, we hope to have reached an extremely high game standard. As far as I think, crypto gamblers are less interested in tech and graphics. Low house edge, provably fair systems, FAST betting, good community. These are the things Bitcoin gamblers love. This is why people splash 100 BTC wagers at simple bitcoin dice games. And deposit only $200 into super flashy non-crypto casinos. Did you do any research to find out what crypto gamblers like? Really not that fussed about the crypto gambling niche, it's a small audience of very specific guys that like looking at spreadsheet type gaming with massive public verification delays and high fees unless you trust the site to be a custodian of your fund. It's like playing a scratchcard eachtime you want to play. If thats your bag then cool, but you are in the minority. Funfair is bringing crypto gaming to the mainstream legacy audience, they want fast fun entertaining games that they can play without knowing what is under the hood and graphics matter massively as does playability and speed. The compelling proposition is fairness and transparency and remaining a secure custodian of your own funds whilst lowering fees and operating a p2p network. We're upending traditional gambling and not a single dice game whilst staying on the right side of the law. |
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