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FunFair Technologies Investing in Online Gaming Industry

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The increasing popularity of the virtual currencies and the number of partnerships formed between different blockchain platforms and companies clearly show the progress and application of the ‘new-found’ technology in real life scenarios. “The gaming industry can no longer be a stranger to the blockchain technology. FunFair provides blockchain-powered solutions with the potential to profoundly change the online gaming industry for both the operator and player.” (The official website of FunFair) FunFair continues to ensure that by using the latest Ethereum technology, they aim to provide fun, fast and fair online casino gaming experience.

The Online Casino Gaming Experience

The FunFair online casino gaming platform ensures the development of high-quality blockchain based 3D games on HTML5 that are fun to play. Compared to other platforms it is 10 times cheaper due to reduced gas costs, as claimed by the white paper of FunFair. Released in 2017, the FunFair platform has an open architecture that offers many opportunities to the developers. “Games built on the FunFair platform run directly in the browser on desktop and mobile devices without requiring an app download, completely eliminating one of the major pain-points of player onboarding.”

FunFair Technologies have created a platform that has the capability of launching numerous online casinos of different sizes and can be used from anywhere in the world. The operators and developers have the option to customise the games completely as well as offer their clients a range of traditional casino games like baccarat, roulette and blackjack. FunFair has realised the issue of unending waits (a minute or longer) for a dice roll. The player has to wait for the dice roll result as it waits for multiple blocks to be mined. FunFair is one of the first platforms to address this shortcoming. The technology behind FunFair has resulted in the creation of “truly instant blockchain games”. This is, in fact, the USP of FunFair.

FunFair Launches Closed Beta

FunFair Technologies had recently announced the launch of blockchain based casino platform in closed beta on Mainnet. The objective behind this was to enable anyone who is interested in running their own casino to build one on the FunFair platform. Through this move, it has now become much easier to launch online casinos. At the same time, the platform offers a strong security system for the players and ensures that it is a fair game. Transparency is one of the major issues the casinos face worldwide. Often customers claim that they had unfairly lost as the game was rigged. So, playing casinos online on a platform which is transparent is surely advantageous. The blockchain technology will bring in a new trend in the online gaming industry and offers transparency like no other medium. With the application of blockchain technology in the online gaming industry, all the transactions will be recorded (failed and successful gambles) that can be reviewed at a later date even.

“FunFair is yet again leading the pack as the first blockchain casino platform to launch a closed beta on Mainnet and we’ve been overwhelmed by the response for applications for it. We want to ensure that the experience on our platform is at the level our partners would expect when the service goes live. At the same time we continue to work on completing partnership agreements with operators, affiliates and more game developers, having signed up Spike Gaming last month, which is testament to our innovative technology and first class team”.

Jez San, CEO of FunFair Technologies

Advantages for the operators

  • Lower cost: Depending on hardware, chargebacks and operational headcount, the operators will have to bear considerably less expenses. The infrastructure costs are, in short, reduced effectively. Due to blockchain automation, there is a decrease in security and technical staff.
  • Access crypto audience: As the cryptocurrency community enlarges there will be more opportunities for growth. By implementing blockchain technology, FunFair intends to attract the crypto crowd as well as others to an all new online gaming experience.
  • Ultra secure: The peer-to-peer ledger is not affected by a power outage, hardware failure or attack. The bets placed during a game is verified by consensus so there is no chance of rigging data. It is also impossible to alter data already stored on the blocks. Decentralisation and cryptography will also eliminate frauds and unnecessary payments.
  • Simple setup: The FunFair casinos are easier, faster and cheaper to build compared to traditional technology. A simple setup is more likely to attract more gamers and prove to be more profitable to the operators.

The players will find the online casino games built with the help of FunFair technology fair, faster, secure as well as fun.

Price Details

FunFair (FUN) lists among the top hundred cryptocurrencies at 85th position, according to coinmarketcap.com. The market cap of FUN at the time of writing shows approximately $135,003,543 USD approximately while volume (24h) is over $1,715,000 USD. (As of 11th June 2018)

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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