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[arallmuus]

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume.

This is pretty much an exaggeration of your own statement. Here is the screenshot for the daily trading volume of FUN Fair on 1st November 2020 - 7th November 2020 taken from coinmarketcap. It has decent volume although it is not that much compared with other alts but atleast it is not dead

You don't need a whitepaper to become a legitimate currency nowadays. You can create your own on the ETH blockchain and nobody will care if it has a whitepaper or not.

I dont say anything about having whitepaper to get your own token. For me shitcoins would be coins / token that has nothing at all besides their splendid whitepaper. Thats literally what shitcoins means for me

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

Its not, its struggling but atleast it is not dead. Anything with over few hundred thousand of daily volume is pretty much decent when there are tons of other dead coins in coinmarketcap's list

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[mindrust]

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume.

This is pretty much an exaggeration of your own statement. Here is the screenshot for the daily trading volume of FUN Fair on 1st November 2020 - 7th November 2020 taken from coinmarketcap. It has decent volume although it is not that much compared with other alts but atleast it is not dead

[img https://i.imgur.com/7pAObts.png[/img]

You don't need a whitepaper to become a legitimate currency nowadays. You can create your own on the ETH blockchain and nobody will care if it has a whitepaper or not.

I dont say anything about having whitepaper to get your own token. For me shitcoins would be coins / token that has nothing at all besides their splendid whitepaper. Thats literally what shitcoins means for me

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

Its not, its struggling but atleast it is not dead. Anything with over few hundred thousand of daily volume is pretty much decent when there are tons of other dead coins in coinmarketcap's list

You have just proven me right. These numbers are very low.

Even that $300k volume was a lie considering that binance still lists exchanges with fake trading volume. Its honest trading volume was probably below $50k. Historical snapshots don't show the trading volume by exchange so I can't know where was that trading volume coming from but It is not hard to imagine that it was all coming from the wash-trading exchanges.

Following your logic any shitcoin at #360th spot isn't a shitcoin right now which tells me that you are a master bullshitter.

WaltonChain is at #360 right now btw. What a nice & alive coin.

[jaysabi]

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume.

This is pretty much an exaggeration of your own statement. Here is the screenshot for the daily trading volume of FUN Fair on 1st November 2020 - 7th November 2020 taken from coinmarketcap. It has decent volume although it is not that much compared with other alts but atleast it is not dead

[snip]

You don't need a whitepaper to become a legitimate currency nowadays. You can create your own on the ETH blockchain and nobody will care if it has a whitepaper or not.

I dont say anything about having whitepaper to get your own token. For me shitcoins would be coins / token that has nothing at all besides their splendid whitepaper. Thats literally what shitcoins means for me

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

Its not, its struggling but atleast it is not dead. Anything with over few hundred thousand of daily volume is pretty much decent when there are tons of other dead coins in coinmarketcap's list

Having trading volume doesn't mean it has utility, it just means people are speculating in it. So that doesn't mean it's not a shitcoin. Also, having a whitepaper doesn't mean it's not a shitcoin either. Since it's a vague term without a universal definition, you'll probably get variations from person to person, but I would consider a coin with no utility or no problem to solve to be a shitcoin.  I.e., it doesn't need to exist, or someone just created it to enrich themselves.  That's 99% of all coins on coinmarket cap.  There are only a handful that wouldn't fit this definition, and I'm not exactly sure FUN is one of them. Does it need to exist? No, not really. It's not currently doing anything bitcoin doesn't already do. Faster and cheaper aren't exactly breakthroughs anymore when there are other tons of other coins that do this too. Guess we'll see if FB can grow it into anything more than what it currently is.

[uneng]

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume.

This is pretty much an exaggeration of your own statement. Here is the screenshot for the daily trading volume of FUN Fair on 1st November 2020 - 7th November 2020 taken from coinmarketcap. It has decent volume although it is not that much compared with other alts but atleast it is not dead

[snip]

You don't need a whitepaper to become a legitimate currency nowadays. You can create your own on the ETH blockchain and nobody will care if it has a whitepaper or not.

I dont say anything about having whitepaper to get your own token. For me shitcoins would be coins / token that has nothing at all besides their splendid whitepaper. Thats literally what shitcoins means for me

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

Its not, its struggling but atleast it is not dead. Anything with over few hundred thousand of daily volume is pretty much decent when there are tons of other dead coins in coinmarketcap's list

Having trading volume doesn't mean it has utility, it just means people are speculating in it. So that doesn't mean it's not a shitcoin. Also, having a whitepaper doesn't mean it's not a shitcoin either. Since it's a vague term without a universal definition, you'll probably get variations from person to person, but I would consider a coin with no utility or no problem to solve to be a shitcoin.  I.e., it doesn't need to exist, or someone just created it to enrich themselves.  That's 99% of all coins on coinmarket cap.  There are only a handful that wouldn't fit this definition, and I'm not exactly sure FUN is one of them. Does it need to exist? No, not really. It's not currently doing anything bitcoin doesn't already do. Faster and cheaper aren't exactly breakthroughs anymore when there are other tons of other coins that do this too. Guess we'll see if FB can grow it into anything more than what it currently is.

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

[slaman29]

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

That is great news! This is to not surprising coming from a company with the great reputation that freebitco.in has. It shows it cares a lot about its customers.

woo wow! I didn't see this coming at all to be honest, as much as I thought FBC did a pretty nifty move to make FUN part of the ecosystem, acquiring it is a whole new business direction. But as long as it makes the business more stable and diversify income, I'm all for it. Long live FBC and FUN Time to fill bags people?

[arallmuus]

You have just proven me right. These numbers are very low.

Its low but it is not dead, I've seen alot dead coins that got delisted from all exchanges. Thats what a dead coin is

Even that $300k volume was a lie

Lol, you might want to let coinmarketcap know about this if you think this is a fake volume coming from all those wash trading exchange because this is what listed there or pretty much just direct this all through email to let wetsuit know that they have choosen DEADcoin instead of having the option to create their own token

which tells me that you are a master bullshitter.

lol dont force your own logic  

WaltonChain (https://coinmarketcap.com/currencies/waltonchain/) is at #360 right now btw. What a nice & alive coin.

No clue about this, nor do I care

[darewaller]

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

Recently, we introduced the FreeBitco.in community to the FUN Token through our Premium Membership Program. Now, we're going one step further...

FreeBitco.in has acquired a majority of the FUN Token cold storage and we're taking the reins of the token into our own hands. We plan to develop the token's utility, grow its value, and establish it as the token of choice for the iGaming industry.

We have acquired 3.75 Billion FUN Tokens in a major deal.

How do you really "acquire" a token? I mean that is a great news, freebitco.in should always have something that would make things easier for you to operate the business and you could even make deposits and withdrawals with it which could make things cheaper. Even with all of this in mind, just because you acquired a lot of tokens doesn't really make you the "owner" of that token but yes it is definitely a big deal that is for sure.

From what I understand, the best way to go would be BSC, binance smart chain definitely would make things cheaper and faster as well, that way you could end up with basically no problem at all. It is about 1 dollars or so to "approve" and then tiny few cents for it to be swapped there, pancakeswap could help you with that kind of deal, liquidity is easy there as well when you offer decent return on profit for it. This has potential to be insanely good, and also potential to fail, it all depends on how well it goes on.

[mindrust]

No clue about this, nor do I care

Why don't you? 2 months ago FUN was sitting at the same spot WTC does now. The only reason it is at ~#130 now because freebitco.in bought it.

It was as alive as WTC is now.

[Saint-loup]

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

Yes I agree with you and especially don't forget the (up to)1% cashback/rakeback on all what you'll wager in the hi-lo game and the parimutuel betting sportsbook, I really think it will interest all the biggest freebitcoin gamblers.

[jaysabi]

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume.

This is pretty much an exaggeration of your own statement. Here is the screenshot for the daily trading volume of FUN Fair on 1st November 2020 - 7th November 2020 taken from coinmarketcap. It has decent volume although it is not that much compared with other alts but atleast it is not dead

[snip]

You don't need a whitepaper to become a legitimate currency nowadays. You can create your own on the ETH blockchain and nobody will care if it has a whitepaper or not.

I dont say anything about having whitepaper to get your own token. For me shitcoins would be coins / token that has nothing at all besides their splendid whitepaper. Thats literally what shitcoins means for me

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

Its not, its struggling but atleast it is not dead. Anything with over few hundred thousand of daily volume is pretty much decent when there are tons of other dead coins in coinmarketcap's list

Having trading volume doesn't mean it has utility, it just means people are speculating in it. So that doesn't mean it's not a shitcoin. Also, having a whitepaper doesn't mean it's not a shitcoin either. Since it's a vague term without a universal definition, you'll probably get variations from person to person, but I would consider a coin with no utility or no problem to solve to be a shitcoin.  I.e., it doesn't need to exist, or someone just created it to enrich themselves.  That's 99% of all coins on coinmarket cap.  There are only a handful that wouldn't fit this definition, and I'm not exactly sure FUN is one of them. Does it need to exist? No, not really. It's not currently doing anything bitcoin doesn't already do. Faster and cheaper aren't exactly breakthroughs anymore when there are other tons of other coins that do this too. Guess we'll see if FB can grow it into anything more than what it currently is.

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference.  It's like how JD used/uses CLAMS.  (Dunno if they still do, haven't followed that site in a long time.)  But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling.  The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically?  It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math.  Everyone has to make their own determination about that though.  

[babygun]

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math.  Everyone has to make their own determination about that though.  

How did you calculate it ? I decided to jump on it and bought 2500 FUN tokens awhile ago to obtain the premium membership. I think they will keep adding advantages and that in the long end (maybe a couple of years), it will be beneficial.
Besides that, as they have now acquired the FUN tokens, the price of these tokens will probably increase also. This token may have been dead for a couple of years, but it clearly shows that freebitco.in has a plan with these tokens and will actively further develop and improve this.

[slaman29]

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference.  It's like how JD used/uses CLAMS.  (Dunno if they still do, haven't followed that site in a long time.)  But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling.  The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically?  It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math.  Everyone has to make their own determination about that though.  

^It's just an additional way to earn more rewards, without using up the BTC on account (which the owners obviously want people to gamble with as much as possible, or to buy lottery tickets and golden tickets etc). And now, that they own it outright, they also obviously want to show others that FUN can have a real utility for a website with thousand of users. Maybe other sites start using it (since it's big already and easily gotten on liquid markets).

[livingfree]

OFFICIAL ANNOUNCEMENT - FreeBitco.in Has Acquired FUN Token!

That is great news! This is to not surprising coming from a company with the great reputation that freebitco.in has. It shows it cares a lot about its customers.

woo wow! I didn't see this coming at all to be honest, as much as I thought FBC did a pretty nifty move to make FUN part of the ecosystem, acquiring it is a whole new business direction. But as long as it makes the business more stable and diversify income, I'm all for it. Long live FBC and FUN Time to fill bags people?

Their Fun Token signature campaign started since almost 4 weeks ago.

In that case, we've got already hint about FUN token and freebitco.in's acquisition of it.

[Poker Player]

It doesn't make sense. FUN is (or was) already a dead shitcoin without any trading volume. The demand for FUN tokens was already zero before freebitco.in announced that they bought some.

...

FUN is at #131 right now btw.

2 months ago before the freebitco.in stuff, it was at #363.
https://coinmarketcap.com/historical/20201227/

Which means it was dead. DEAD. I wasn't alive. It never was. It had no audience or whatsoever.

You're right. Actually, if look at the graph, it looks like a typical "pump and dump" scheme.



This is the graph in $. We can see there was a big pump, followed by a dump and then it went dead, as you say. Then, like a month before the rewards program was lunched, it started to be pumped againg. It looks like some whale new about the plans.

Anyway, as I said before, I am happy that FB are taking measures because as far as price is concerned, the launch has been a failure.

[pawanjain]

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

Yes I agree with you and especially don't forget the (up to)1% cashback/rakeback on all what you'll wager in the hi-lo game and the parimutuel betting sportsbook, I really think it will interest all the biggest freebitcoin gamblers.

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.
I just did the math and decided not to buy FUN tokens because it wasn't really affordable for me to invest such an amount for the rewards.
I would have bought 2500 FUN tokens but then saw that it would give 1 free spin only and in order to get more than 1 free spin we had to buy more FUN tokens.
So I decided I would pass and just enjoy my 1 free spin everyday just like that.

[Text]

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.
I just did the math and decided not to buy FUN tokens because it wasn't really affordable for me to invest such an amount for the rewards.
I would have bought 2500 FUN tokens but then saw that it would give 1 free spin only and in order to get more than 1 free spin we had to buy more FUN tokens.
So I decided I would pass and just enjoy my 1 free spin everyday just like that.

When I first saw FUN here on FB I thought they made it themselves but it didn't.  That did not stop me from buying.  However, FB will not claim the remaining tokens in the cold storage if they do not study it carefully, they will not just buy it if it has no purpose.  FB has a lot of surprises, we know that.  We know, we buyers will have additional benefits in launching it, by continuing to hold and use its tokens.  Let's just say that FB saw something on this token so they just became interested in it because it fits their platform.  Its token developers are also impressive especially the founders, really talented, and professionals in the gaming development and industry.

[uneng]

Having trading volume doesn't mean it has utility, it just means people are speculating in it. So that doesn't mean it's not a shitcoin. Also, having a whitepaper doesn't mean it's not a shitcoin either. Since it's a vague term without a universal definition, you'll probably get variations from person to person, but I would consider a coin with no utility or no problem to solve to be a shitcoin.  I.e., it doesn't need to exist, or someone just created it to enrich themselves.  That's 99% of all coins on coinmarket cap.  There are only a handful that wouldn't fit this definition, and I'm not exactly sure FUN is one of them. Does it need to exist? No, not really. It's not currently doing anything bitcoin doesn't already do. Faster and cheaper aren't exactly breakthroughs anymore when there are other tons of other coins that do this too. Guess we'll see if FB can grow it into anything more than what it currently is.

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

It does have some utility because FB is using it, but still the question is why. What's it accomplish you can't do with bitcoin already? That's the crucial difference.  It's like how JD used/uses CLAMS.  (Dunno if they still do, haven't followed that site in a long time.)  But that's another instance where CLAMS was a worthless coin, but it gained utility because it was the only coin JD would take for gambling.  The use-case for the coin outside that site was virtually 0 though, and the overall question remained, why that coin specifically?  It wasn't doing anything you couldn't do with bitcoin, so it was just useless differentiation.

And I've done the calculations on FUN and took a pass on it because I didn't deem it a worthwhile investment, based solely on the math.  Everyone has to make their own determination about that though.  

The calculation I did was:

500,000 FUN (to take maximum advantage of the investment) is about 15,000$ dollars if you buy for 0,03$ each.

15,000$ is proportional to 0,35 btc.

0,35 btc generates interest income of 0,014 btc yearly in the site (4,08%), approximately.

By investing in FUN coin your daily income will decrease, as you will be exchanging your bitcoins out. So you need to make sure the extra 25% interest from holding 500,000 FUN after 1 year on will generate at least more than 0,014 btc yearly. The 25% bonus interest must be more profitable than holding 0,35 btc.

Conclusion: it worths for people who 0,35 btc represents less than 25% of their total investment in the site. If you have more than 1,4 btc invested it could sound interesting after 1 year. And consider the 16 daily free wheel spins a bonus, as it's impossible to take its prizes in consideration as they are random.
Negative side:

• During the first year of FUN investment you won't receive the maximum bonus. You need to wait 1 year to start taking advantage of 25% extra interest and 16 free spins;
• By investing your btcs in FUN you would still lose potential bitcoin bull runs' profits.

[soslex]

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.

That question is answered on the page that describes the premium membership:

"Since 2017 (the year of the Bitcoin Boom), we’ve seen hundreds of utility tokens crop up with little to no actual utilization. Instead of introducing our own coin into the crowded marketplace, we decided to take a promising token and celebrate its utility by aligning them with our brand, thereby adding value and recognition.

Seeing how FunFair operates in the online gambling space and how it values provably fair gaming and transparency above anything else, it was the perfect fit for FreeBitco.in."

[Slow death]

Negative side:

• During the first year of FUN investment you won't receive the maximum bonus. You need to wait 1 year to start taking advantage of 25% extra interest and 16 free spins;
• By investing your btcs in FUN you would still lose potential bitcoin bull runs' profits.

currently bitcoin is struggling to stay above $43,000, and because of that bitcoin price drop FUN token has dropped 16% and here comes this problem too:

when the price of bitcoin dropped a lot, altcoins also dropped a lot.

imagine taking $15,000 from the bank and buying bitcoin for the price of $ 44,000 and then buying FUN and a year later the bitcoin price is $ 22,000? the person will leave with very large losses, but it can also happen that the person takes $ 15,000 from the bank and buys bitcoin for the price of $44,000 and buys FUN and a year later the bitcoin price costs $ 100,000 and the price of FUN costs 0.06 $ and the person leaves with a lot of profit

[Saint-loup]

I'm not sure yet how advantageous FUN investment could be, but it's not like 99% of altcoins in the market, because it actually offers some exclusive benefits to holders, such as free wheel daily spins and increasement in bitcoin interest income for FreeBitco.in's investors, depending on the amount you hold and on how long you are holding.
So it's not a token which relies in speculation to grow. The calculation someone should do is if extra free spins and bonus interest worth the investment in FUN coin.

Yes I agree with you and especially don't forget the (up to)1% cashback/rakeback on all what you'll wager in the hi-lo game and the parimutuel betting sportsbook, I really think it will interest all the biggest freebitcoin gamblers.

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.
I just did the math and decided not to buy FUN tokens because it wasn't really affordable for me to invest such an amount for the rewards.
I would have bought 2500 FUN tokens but then saw that it would give 1 free spin only and in order to get more than 1 free spin we had to buy more FUN tokens.
So I decided I would pass and just enjoy my 1 free spin everyday just like that.

Solsex has already replied to you above. But I would add they maybe didn't want to take the burden of building an ICO while they could offer a simple swapping with an existing crypto...

I wonder why Freebitco.in decided to acquire FUN tokens. I mean, how hard is it to create their own tokens anyway. Just a few clicks and bang, you have your own tokens ready.

That question is answered on the page that describes the premium membership:

"Since 2017 (the year of the Bitcoin Boom), we’ve seen hundreds of utility tokens crop up with little to no actual utilization. Instead of introducing our own coin into the crowded marketplace, we decided to take a promising token and celebrate its utility by aligning them with our brand, thereby adding value and recognition.

Seeing how FunFair operates in the online gambling space and how it values provably fair gaming and transparency above anything else, it was the perfect fit for FreeBitco.in."