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FUN Token Is Moving 250,000 Users to Polygon With Layer-2 Token

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Who doesn’t like success stories?

In 2021, one of the biggest success stories in crypto has been that of FUN Token, an ERC-20 token with an incredible vision – bringing decentralized online gambling to the mainstream.

Not long ago, this vision was in danger as rising Ethereum gas fees made on-chain transactions untenable for FUN Token. Along came FreeBitco.in with a unique use case and acquired the token in February.

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FUN Token hasn’t looked back since…

FUN Token’s Journey in 2021

FreeBitco.in, the seventh-largest online casino in the world, harnessed FUN Token for its Premium Membership program, moving its use case completely off-chain. Through this project, FUN Token gained exposure to over 46 million users.

Subsequently, FreeBitco.in acquired the token and built a new team around the token, helmed by the vastly experienced Adriaan Brink, formerly of the BETR Foundation. A comprehensive roadmap was laid out.

In a matter of months, FUN Token gained over 170,000 new users, tripling its user base and doing it all off-chain. Noticing its rising popularity, Binance organized a couple of successful trading competitions and added FUN to its Locked Savings program.

And now, FUN Token is taking a massive step towards realizing its ambition with its biggest project yet…

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FUN Token Is Moving to the Polygon Network

While an off-chain use case is a clever workaround, achieving true decentralization in online gambling is only possible through on-chain activity.

One of the biggest issues facing online gaming is related to operator escrow. When a user places a bet, their funds are moved into escrow until the outcomes are determined. Simultaneously, operators have to ensure sufficient funds are available to settle these bets. By moving operations to a blockchain, these logistical drawbacks are eradicated.

FUN Token sought to solve these issues using the Ethereum blockchain, however, there was a problem.

“FUN suffered tremendously with the rising price and latency of Ethereum transactions, so our first major tech release will be to deal with this issue,” said Adriaan, CEO of FUN Token. “In the next 2 months, we will release a new Layer-2 token on the Polygon network to leverage its high performance and low transaction fees.”

This token will be pegged 1:1 with FUN Token and over 250,000 users will be brought on to the Polygon network. New tokens will be issued in exchange for escrowing FUN Tokens, effectively taking a massive amount of FUN out of circulation and acting as a strategic burn tactic.

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In the coming weeks, a full-fledged, truly decentralized casino for the L2 Token will be launched, taking FUN Token closer to its vision of making online gambling transparent, fast, and secure for everyone.

Moving in the Right Direction

The online gambling industry is fraught with unfair practices, long cashout times, and security risks. FUN Token has dedicated itself to bringing decentralization to the industry through carefully planned developments, and a token ecosystem based on a Layer-2 blockchain is definitely a step in the right direction.

FUN Token also plans to utilize 50% of its gaming profits to burn tokens strategically, showing its commitment to making its goal a reality. There’s a long way to go, however, the start couldn’t have been stronger than this.

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Industry Awards

PopOK Gaming Won Two Prestigious Nominations at BFTH Arena Awards Ceremony

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PopOK Gaming has achieved remarkable success at the recent BFTH Arena Awards Ceremony, securing two prestigious awards that highlight the company’s commitment to innovation and excellence in the gaming industry.

The company was honored in the following categories:
1. Best FTN Casino Game for its Fast Fruits slot game which is known for its Classic design, bright colors, and seamless gameplay.
2. Best Game Achievement for Fast Master exciting crypto themed game with Avalanche reels, featuring multipliers in Free Spins

Both games have the innovative “FTN Mania” feature which awards Fasttokens for every spin.

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“We are delighted to receive the BFTH Arena Awards” said Tsovinar Elchyan, Head of Partnerships at PopOK Gaming. “It was certainly an evening to remember. These achievements are a testament to our team’s hard work, and dedication to delivering outstanding games.”

The post PopOK Gaming Won Two Prestigious Nominations at BFTH Arena Awards Ceremony appeared first on European Gaming Industry News.

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Mandelli celebrates 10 years with ITL

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Stefano Mandelli, Business Development Manager for Innovative Technology Ltd (ITL), is celebrating a decade with the leading provider of cash handling equipment and age & identity validation technology this month. Stefano is responsible for ITL’s presence in Italy and several countries within South East Europe.

Commenting on his long-standing achievement, Stefano said, “When I first joined Innovative back in 2014, my role focussed solely on growing our presence in Italy with an emphasis on the gaming and vending industries, alongside developing new markets. After a short period I expanded my territories, and as well as looking after customer in Italy, I am now responsible for a large part of South East Europe including Slovenia, Greece and Turkey. I am particularly proud of the strong partnerships I have established in all my regions, both with the main OEMs and with our approved Trading Partners and Service Centres. These collaborations have assisted with the growth of my markets, and even during difficult periods of supply, we have optimised lead times to ensure prompt product delivery.”

Enrique Jütten, VP of Sales & Business Development for ITL’s Gaming, Amusement and Vending sectors said, “ Stefano is an asset to our company and highly valued by the team, and his customers. Stefano’s main responsibilities are customer sales, forecasting and researching potential new business segments. He is an excellent account manager who understands his customers and their business models to ensure they choose the right ITL products to meet their needs.”

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Continuing Stefano said, “ The growth of ITL and the development of new products has given me the tools to create opportunities in new sectors such as retail, banking, parking and transportation over the past few years. The best thing about my job is meeting people from different countries and getting to know their culture and advising them on how our products can elevate their business. My focus for the future is to continue to expand my area with the target to introduce and extend our new technologies and solutions in emerging sectors.”

Concluding Enrique said, “This is an impressive achievement and I would like to thank Stefano for his commitment to ITL. I look forward to seeing Stefano continue to grow our presence in his regions, and reach new markets over the coming years.”.

The post Mandelli celebrates 10 years with ITL appeared first on European Gaming Industry News.

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BGaming evokes cartel chaos in Grand Patron

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Popular iGaming content provider BGaming is taking fearless players to the depths of the Grand Patron criminal empire. This feature-packed release includes two additional reels, a trio of modifiers, multipliers, three types of Free Spins modes, and a Wild symbol.

The cinematic video slot sees players step into the shoes of a cartel boss as two extra horizontal reels dictate their fate. They both reveal one random symbol during each spin in the main game, with the power to unlock one by one during the Free Spins mode.

Unpredictable gameplay is the main appeal of Grand Patron, with Spawner, Prison and Bombastic modifiers shaping its direction. Spawner sees a Wild or any regular symbol appear on both additional reels, leading to three of these symbols being added to the main game field. Prison features a question mark symbol landing on one of the additional reels, while the other sees a paytable symbol drop. The paytable character on the main reels will then be locked for a respin. If the Prison symbol lands on both extra reels, all symbols are locked and the screen is filled with one random paytable symbol, resulting in a win across all 20 paylines.

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The Bombastic modifier occurs when a bomb symbol appears on one additional reel and any regular symbol on the other. The corresponding regular symbol on the main reels then explodes at the end of the spin. Random symbols fill the spaces, with the potential for future wins. Two bombs on additional reels clear the reels and trigger respins.

Free Spins mode is granted when two Scatters appear on the extra reels during the main game, with an initial 12 spins triggered. If a Prison symbol lands at the start of the round, three extra free spins are awarded. Additionally, players can purchase one of three Free Spins modes for between x100, x250 or x1,000 of their bet amount.

The Wild has the power to substitute all paying symbols in Grand Patron, while the Multiplier can greatly increase wins.

Aliaksej Baliukonis, Game Designers Team Lead at BGaming, said: “Just like a life of crime depicted in cartel movies, Grand Patron has twists and turns at every spin. Players who like unpredictable, high-volatility games will enjoy this release, which is one of our most feature-rich titles to date.”

The post BGaming evokes cartel chaos in Grand Patron appeared first on European Gaming Industry News.

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