• FUN Token, a leading gaming token with over 350,000 users, has announced a partnership with DWF Labs to decentralize the online casino space.
• The XFUN Wallet is an innovative multi-asset non-custodial wallet that allows users to store a wide range of cryptocurrencies, tokens, and NFTs.
• FUN Token is committed to utilizing 50% of its net gaming revenue to burn tokens quarterly.
Today, FUN Token signed an undisclosed deal with DWF Labs that will support the vision of decentralizing the online casino space. FUN Token is a leading gaming token with over 350,000 users and backed by FreeBitco.in – the biggest Bitcoin faucet in the world with over 51 million crypto-savvy users.
The XFUN Wallet is an innovative multi-asset non-custodial wallet that can store a wide range of cryptocurrencies, tokens, and NFTs. It allows users to exchange FUN Token for XFUN – the utility token of the ecosystem based on the Polygon blockchain – while maintaining control of their funds without any intermediaries. The XFUN Wallet is already integrated into several gaming platforms such as Dplay Casino, XFUN Casino, XFUN.bet and XFUN Arcade.
Token Burning Practices
To maintain its deflationary character and incentivize usage, FUN Token employs advanced escrowing and token burning practices which involves burning 50% of its net gaming revenue quarterly. This provides holders with more liquidity for trading purposes which in turn increases overall value for all holders in circulation at that particular point in time.
In order to expand its ecosystem and bring its technology to more casinos, exchanges, payment gateways and platforms; FUN Token will soon release final upgrades to its XFUN API tool which enables third party dApps to integrate seamlessly into the XFUN ecosystem without user intervention or interference from intermediaries or custodianships.
Overall FUN Token’s objective is simple – harnessing the power of blockchain tech to create “trustless” gaming ecosystems that users can rely on while operators can implement it seamlessly without losing control over funds or data privacy over shared networks or nodes within their network infrastructure system architecture design layout integrity controls etc… With this partnership between FUN Token & DWF Labs; decentralized trustless gambling ecosystems are closer than ever before!