FunFair (FUN) - Token Burn
October 18, 2017 3:00 PM - 4:00 PM
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Time Zone
Argentina Standard Time

Created Date:
October 18, 2017 6:00 PM UTC

FunFair Prices
updated 6 years ago
0.00000155 BTC
$.00860335 USD


Donate to contributor
BTC: 1B28hvV9VoBpsucfL1LUXAbwbRB86ErQmo

ETH: 0x0390Ed2ba7344793DE8d2b04666750546a294De0

NEO:Ad3q9h7BHnDKE3fYiuSVd6KANYcAAUzfNJ

IOTA: VLDLYZNCGSXSSJGVTWNBJSBXIVV9QMZWSPXBVOEBDOKQBDKTXNCLAYI9HAYGVOBWWU9ACJMNAGAXBABHDDTQXO9KWD
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FunFair Company Update 16th October 2017 1. New hires. 2. Sponsorship of Devcon3. 3. Replacement strategy for phase 2 token sale. 1. New Hires It is with great pleasure that FunFair can announce the appointment of David Greyling as Chief Operating Officer. David joins us from his former position as Director of International at William Hill PLC, one of the largest gaming companies in Europe, where he was responsible for £130m net revenue across their Regulated and Unregulated International markets. In addition, James Harrison joins us as interim Director of Corporate & Regulatory Affairs after an initial stint as a consultant and will report into David. Together they will focus on establishing an efficient business structure and operating model in readiness for an H1 2018 commercial launch to casino operators and affiliates. They join co-founders Jeremy Longley (CTO) and Oliver Hopton (Senior Developer) enabling them to increase their focus on the technology and development side of the business. At the present time, FunFair is growing fast and is about to exceed thirty people operating from its offices in Camden, London – making it one of the largest and fastest growing Ethereum based development companies. 2. Sponsorship of Devcon3 FunFair is pleased to be a Global Sponsor of Devcon3 (Ethereum Foundation’s annual developers conference), which starts on November 1. We will be sending our team out to Devcon3, who are all looking forward to engaging with the Ethereum community and at the same time attend the amazing presentations to learn more about the innovative and exciting work going on in the Ethereum development space. 3. Replacement strategy for Phase 2 token sale. After our oversubscribed Phase 1 token sale back in June, we had intentions of a second / phase 2 sale during September/October that would sell the bulk of the 11B tokens that we had issued and allocated for this occasion. Instead, due to a combination of factors; regulatory, commercial and legal issues including a highly changing world marketplace – we’ve decided to scale back our token sale and cancel the original Phase 2 plan as originally envisaged. We’ve decided to spread out the sale over a longer period of time (five years), so that instead of selling almost 11B tokens in one go this October, we’re going to limit it to 1B tokens each year, for nearly five years. In addition, we reserve the right to burn further tokens if we decide they’re not required at the end of 2018 and each subsequent year. The new plan will provide suitable liquidity (for product investment or M&A) over the long term, at a significant lower issuance rate, rather than do it all at once with the large issuance of circulating tokens that the previous plan had entailed. So to summarise: We’re allocating 1.4% of the 11.173B tokens (0.16B) immediately to the circulating tokens that will become company assets. This raises the current amount of circulating tokens from 3.84B to 4.00B (4%), and allows the company to incentivise new hires, to spend FUN tokens on some contractors who wish to be paid that way, and to fund and incentivise outside companies accordingly where they wish to be paid in FUN instead of in cash. We prefer contractors to be aligned with our interests and paying them in FUN is a good way to do this. CoinMarketCap was informed of this change last month and the circulating token number has been correctly reported for the last couple of weeks at 4.00B. We’re allocating 42% of the 11.173B tokens (4.7B) that we’re putting into cold storage and will restrict token sales to a max of 1B per year for four years, and an additional 0.7B tokens for the fifth and final year. These tokens will be sold to institutions or large token buyers to minimise overheads and retain highest compliance, via OTC and market trading. The tokens will be sold as close to market price as possible, to minimise dilution and maximise value. And finally… We’re allocating 55%, the majority of the 11.173B tokens, to be burned. This equates to 6.173B tokens that will all be burned on October 18th (now we are clear of the Metropolis’ Byzantium hard fork) at 3pm GMT (4pm British Summer Time). Burning tokens has the effect of taking them out of issuance. They will never become circulating tokens and so every other token holder benefits proportionally due to additional scarcity. The tokens will be sent to the infamous burn address of 0x0, and the token contract will automatically reduce the total number of tokens from 17,173,696,075.7222 to 11,000,000,000 in the ‘Total Supply’, as detailed on Etherscan and ERC20 reporting tools. The Burn mechanism we’re using for this has been in-built into the token contract since day one, and will demonstrate the effectiveness of burning tokens that can be accomplished on the live platform. To remain compliant with regulations where our intention is to burn tokens that have been used as fees (in a consumptive way like tickets for transit), we intend to take additional advice but should this prove problematic for compliance, we’ll work on alternative strategies prior to first use. Thanks for reading! Jez San & the FunFair Team

FunFair Details


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October 18, 2017

1
FunFair (FUN) - Token Burn October 18, 2017 3:00 PM - 4:00 PM

December 20, 2017

1

January 9, 2018

1

January 31, 2018

1
FunFair (FUN) January Update January 31, 2018

February 5, 2018

1

February 8, 2018

2

March 1, 2018

1

March 31, 2018

2
FUNFAIR ($FUN) BETA + GAME RELEASE March 31, 2018
March Update March 31, 2018

May 11, 2018

1
Listing on Coinbit May 11, 2018

June 30, 2018

5
FUNFAIR ($FUN) PUBLISHING API DOCS June 30, 2018
FunFair (FUN) Gambling License June 30, 2018
First Operator June 30, 2018
Announce Games Developer June 30, 2018
Original Slot Games June 30, 2018

September 30, 2018

1
Casino Launch September 30, 2018

December 31, 2018

1
FUNFAIR ($FUN) RELEASING REPORTING TOOLS December 31, 2018

March 30, 2019

1
Alice Cooper School’s Out March 30, 2019

April 30, 2019

1
Improved KYC integration April 30, 2019

June 30, 2019

4
Mobile Optimization June 30, 2019
White Label Casino Launch June 30, 2019
New Wallet Integration June 30, 2019
MVP of Affiliate Program June 30, 2019

October 15, 2019

1
Marketing AMA October 15, 2019

October 25, 2019

1
Bounties Paid October 25, 2019

September 30, 2020

2
Payments Wallet September 30, 2020
Marketing Updates September 30, 2020

October 22, 2020

1
Q4 Update October 22, 2020

October 26, 2020

1
AMA October 26, 2020

January 13, 2021

1
Q1 Update January 13, 2021

January 14, 2021

1
AMA January 14, 2021

March 26, 2021

1
Payloads on Xdaichain March 26, 2021

April 22, 2021

1
Ama April 22, 2021

June 30, 2021

3
Token Burn Announcement June 30, 2021
Custodial Casino Release June 30, 2021
Website Launch June 30, 2021

July 29, 2021

1
Telegram AMA July 29, 2021

August 9, 2021

1
AMA August 9, 2021

August 13, 2021

1
XFUN Launch on Polygon August 13, 2021

September 30, 2021

2
L2 Token September 30, 2021
Strategic Token Burn September 30, 2021

March 26, 2022

2
Roadmap Update March 26, 2022
Roadmap Update March 26, 2022
Coin Trigger Value Trigger % Action
FUN
$1.00 USD
$.99139665 USD to go
1,809.36%
11,523.38% to go
Alert Me
FUN
$1.00 USD
$.99139665 USD to go
1,809.36%
11,523.38% to go
Alert Me
FUN
$.01 USD
$.00139665 USD to go
80.91%
16.23% to go
Alert Me
Details Date
Find out what life is like as a FunFair employee 👀👀 #blockchainjobs #blockchaintechnology #uxdesign https://funfair.io/a-day-in-the-life-of-ui-ux-designer-at-funfair/
6 years ago
*** LAST CHANCE *** Want to be part of our latest wave of beta participants? For your chance to be selected, simp… https://twitter.com/i/web/status/1028967302065270789
6 years ago
Want to be part of our latest wave of beta participants? For your chance to be selected, simply fill in this form… https://twitter.com/i/web/status/1027552213823115265
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We spoke to @ConsenSys about how we combine the immutability and trustlessness of #Ethereum’s layer 1 with layer… https://twitter.com/i/web/status/1026861992475336705
6 years ago
ICYMI: Catch up with our latest Team Chat as our marketing team answered your questions https://funfair.io/live-team-chat-round-up-marketing-team/
6 years ago
We spoke to @ConsenSys about how we are working to improve the scalability of the #Ethereum network… https://twitter.com/i/web/status/1026454926313046018
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Jez spoke to the team at CasinosBlockchain as part of a detailed Q&A on FunFair and #blockchaintechnology #crypto… https://twitter.com/i/web/status/1024624817469841408
6 years ago
A reminder that our marketing team will be answering your questions live this afternoon over on Reddit Get your qu… https://twitter.com/i/web/status/1024254490780872706
6 years ago
Our marketing team will be answering your questions from 2pm (UK time) on Tuesday Get your questions in on the thr… https://twitter.com/i/web/status/1023948559882878976
6 years ago
.@kidsonthebchain visited FunFair HQ last week to speak to two of our founders and find out more about the future o… https://twitter.com/i/web/status/1023944842563526658
6 years ago
FunFair cofounder Oli Hopton has been speaking to @casinobeatsnews about the #blockchain and what it's all about!… https://twitter.com/i/web/status/1022834885847863296
6 years ago
Did you miss our AMA with our beta team last week? Catch up with it here 👇👇👇 https://www.reddit.com/r/funfairtech/comments/8ztxuo/ama_with_the_funfair_beta_team_2pm_bst_thursday/?ref=share&ref_source=link… https://twitter.com/i/web/status/1022058460672925696
6 years ago
ICYMI: Last week we released our brand new dice game! Try it for yourself here 👇👇👇 http://funfair.io/funfair-sets-n…… https://twitter.com/i/web/status/1021408672767934464
6 years ago
FunDice is now live on our showcase! - https://funfair.io/funfair-sets-new-benchmark-for-blockchain-dice-games-with-fundice/ #blockchaingaming #dice #fundice #onlinegaming https://t.co/iPdW6vc1a5
6 years ago
Great discussion on whether 'blockchain will revolutionise the iGaming market' here at #iGBLive2018 Attendees had… https://twitter.com/i/web/status/1019937827679858688
6 years ago
This is taking place right now! Get your questions in by following the link https://twitter.com/funfairtech/status/1019528500771020800
6 years ago
Busy last day lined up at #iGBLive2018, we'll be pitching our revolutionary technology to the great and good of the… https://twitter.com/i/web/status/1019870132787646464
6 years ago
Want to find out more about FunFair? Our next Live Team Chat will take place on Thursday Leave your Beta-related… https://twitter.com/i/web/status/1019528500771020800
6 years ago
We're ready for the first day of #iGBLive2018 here in Amsterdam! If you're attending too then come and see us pre… https://twitter.com/i/web/status/1019507900841123840
6 years ago
Great news! RaketheRake signed up to be FunFair's first operator partner 🎲🎰 - https://funfair.io/funfair-technologies-signs-raketherake-as-first-operator/… https://twitter.com/i/web/status/1018797086077259776
6 years ago
We're looking forward to attending the first iGB Live! next week in Amsterdam. Come and see us present our platform… https://twitter.com/i/web/status/1017719143267782656
6 years ago
We feature in http://calvinayre.com's WGES day one recap. Find out what our COO David Greyling had to say when h… https://twitter.com/i/web/status/1015236917368147969
6 years ago
Part 1 of today's panel @ WGES discussing how #blockchain can be incorporated into gaming platforms… https://twitter.com/i/web/status/1014857439181705218
6 years ago
Barcelona here we come! All set for an exciting few days alongside some of the biggest names in the gaming industr… https://twitter.com/i/web/status/1014025137048424455
6 years ago
We're excited to be representing blockchain amongst some of the biggest names in the gaming industry at WGES this w… https://twitter.com/i/web/status/1013701937475223552
6 years ago
We're excited to be representing blockchain amongst some of the biggest names in the gaming industry at WGES next w… https://twitter.com/i/web/status/1012278134555729920
6 years ago
FunFair CEO Jez San presented at this year's World Blockchain Forum in New York Check out what he had to say… https://twitter.com/i/web/status/1011929368875151361
6 years ago
Have you played our brand new slot yet? You can check it out along with our other exclusive games on our Showcase https://funfair.io/funfairs-latest-slot-title-demonstrates-next-generation-blockchain-gaming-experience/
6 years ago
.@casinobeatsnews coverage of our latest slot title: Fate Of Thrones #Crypto #Blockchain #blockchaintechnology http://casinobeats.com/2018/06/25/launch-fate-of-thrones-funfair-technologies/
6 years ago
For those of you who may have missed last week's AMA with our Director of Corporate and Regulatory affairs, you can… https://twitter.com/i/web/status/1011228479499665408
6 years ago
FunFair's Director of Corporate and Regulatory affairs James Harrison is now answering questions from the community… https://twitter.com/i/web/status/1009377192311230464
6 years ago
We're honoured to be nominated for the first time at this year's prestigious EGR B2B Awards A great achievement by… https://twitter.com/i/web/status/1009373872645394432
6 years ago
Find out what has been going on at FunFair HQ and what is still to come for the rest of 2018 with our latest compan… https://twitter.com/i/web/status/1007257119308025856
6 years ago
We've been nominated in two categories (Hottest Blockchain ICO & Hottest Blockchain/Crypto Startup Founder) at this… https://twitter.com/i/web/status/1006979266075119616
6 years ago
Great news! We've been shortlisted for two categories at this year's @TheEuropas. Find out how you can vote for u… https://twitter.com/i/web/status/1006857641346453505
6 years ago
The voting is now open for this year's @TheEuropas and we've been nominated in two categories. Find out what awards… https://twitter.com/i/web/status/1006499739058233344
6 years ago
Interesting discussion about all things #crypto and another namecheck for FunFair #blockchain #cryptocurrency… https://twitter.com/i/web/status/1005024256713994241
6 years ago
We got a nice mention on @CNBCFastMoney from @dan_pantera last night Check it out here ▶: https://www.youtube.com/watch?v=hu-xqf9ikzo&feature=youtu.be&t=3m40s
6 years ago
We have launched our closed beta on Mainnet! Find out more >> https://bit.ly/2h0xm1r #cryptocurrency #Blockchain #Crypto
6 years ago
We've updated our Showcase! Find out what is new and try it out for yourself here: https://funfair.io/funfair-launches-updated-showcase-to-coincide-with-start-of-closed-beta-testing/ #Blockchain #Crypto
6 years ago
Our CEO Jez San was speaking on a panel this morning at the Disruptive Gambling Conference alongside representative… https://twitter.com/i/web/status/999276400115879938
6 years ago
Looking forward to setting up our stand at #SMRmay18 this afternoon in preparation for welcoming those interested i… https://twitter.com/i/web/status/997480888429670401
6 years ago
Its been another good day for the team out in Hong Kong. Great to catch up with the guys @KeneticCapital this mor… https://twitter.com/i/web/status/997413259048374272
6 years ago
We'll be at #SMRmay18 this weekend looking for the best of the best! Check out what roles we are currently hiring… https://twitter.com/i/web/status/996795663328292864
6 years ago
We caught up with our COO David Greyling to find out how the team has been getting on at #G2EAsia #Crypto… https://twitter.com/i/web/status/996740025193779200
6 years ago
It was a busy first day at 'crazy' #Consensus2018 for our CEO Jez San Here is is giving an 'ad hoc update' on ever… https://twitter.com/i/web/status/996305559157723136
6 years ago
Our CEO Jez San is over in New York for #Consensus2018 Here is is giving an 'ad hoc update' on everything FunFair… https://twitter.com/i/web/status/996115052292952065
6 years ago
If you missed this week's live team chat with the FunFair dev team you can catch up here https://bit.ly/2jmwik7
6 years ago
Not long until #SMRmay18 We're looking forward to meeting loads of talented people! https://twitter.com/milkroundabout/status/991965590926524416
6 years ago
Our dev team will be answering your questions live from 14.00 BST Get your queries in early by visiting our subre… https://twitter.com/i/web/status/994154947624267776
6 years ago
Find out how you can apply to be a participant in our closed beta https://bit.ly/2i9idkk
6 years ago
And of course, a reminder to all of our users that we do not run airdrops or giveaways for free FUN. There are a n… https://twitter.com/i/web/status/992002353321730050
6 years ago
If you missed yesterday's first ever live team chat with the FunFair marketing team, you can catch up here https://bit.ly/2jrgpix
6 years ago
A reminder that our marketing team will be answering your questions this afternoon Find out how you can get involv… https://twitter.com/i/web/status/991635055264100353
6 years ago
Another reminder to all of our users that we do not run airdrops or giveaways for free FUN. There are a number of… https://twitter.com/i/web/status/991317165134540800
6 years ago
Our marketing team will be answering your questions on Wednesday afternoon Find out how you can get involved with… https://twitter.com/i/web/status/991313792624611328
6 years ago
If you haven't already, then make sure you check out @CryptoLeslie's interview with our CEO Jez San over on… https://twitter.com/i/web/status/990917430410186753
6 years ago
A daily reminder to all of our users that we do not run airdrops or giveaways for free FUN. There are a number of… https://twitter.com/i/web/status/988423535369519110
6 years ago
We're heading to #G2EAsia in May, found out more here: https://bit.ly/2hklk5r
6 years ago
A reminder to all of our users that we do not run airdrops or giveaways for free FUN. There are a number of fake a… https://twitter.com/i/web/status/986925987597312000
6 years ago
Thanks to @crypt0snews for the shout out about our new partnership with Spike Games If you missed the news you can… https://twitter.com/i/web/status/986644273675223040
6 years ago
We're excited to announce our partnership with Spike Games, another key step on our journey to changing the face of… https://twitter.com/i/web/status/986309316012425216
6 years ago
Warning: there are a number of fake accounts attempting to pass themselves off as us. We have reported them to Twit… https://twitter.com/i/web/status/986261963377467392
6 years ago
Find out more about our new partnership with Spike Games https://bit.ly/2qdc1pp
6 years ago
Jez talking about FunFair today @thelondoncryptocurrencyshow. https://t.co/1zOf0YG5UZ
6 years ago
Hi everyone, we wanted to find out a bit more about what makes our community tick whilst also seeing who would be w… https://twitter.com/i/web/status/984828464724406272
6 years ago
Some lunchtime viewing for those of you in the UK Here's Jez talking at Enterprise Ethereum Alliance in London https://youtu.be/fotkhryge6i
6 years ago
Please be aware that we have nothing to do with the advertised 'Airdrop' and would recommend anyone to always be ve… https://twitter.com/i/web/status/984026377832816641
6 years ago
Do you live in Hong Kong? We want to hear from you... https://bit.ly/2q62d0u
6 years ago
We've redesigned our website and it includes the next stage of our roadmap Check out what's new here https://bit.ly/2piygoo
6 years ago
We've redesigned our website and it includes the next stage of our roadmap Check out what's new here https://bit.ly/2piygoo
6 years ago
Jez talking @ThePathfounder #TheBusinessofBlockchain conference in the City of London today. Video highlights to fo… https://twitter.com/i/web/status/978654305413627906
6 years ago
Jez talking @ThePathfounder #TheBusinessofBlockchain conference in the City of London today. Video highlights to fo… https://twitter.com/i/web/status/978654305413627906
6 years ago
Great response from those present and plenty of questions from the community. We'll hopefully share Jez's reaction… https://twitter.com/i/web/status/972151792053170176
6 years ago
Great response from those present and plenty of questions from the community. We'll hopefully share Jez's reaction… https://twitter.com/i/web/status/972151792053170176
6 years ago
Don't worry if you missed the live stream, you can watch Jez's presentation back on the official #EthCC YouTube cha… https://twitter.com/i/web/status/972150536077225985
6 years ago
Don't worry if you missed the live stream, you can watch Jez's presentation back on the official #EthCC YouTube cha… https://twitter.com/i/web/status/972150536077225985
6 years ago
Jez is now live here >>> https://www.youtube.com/channel/uco0f-1_6ogwq3zrrtunbv0w?view_as=subscriber https://twitter.com/funfairtech/status/972124853737349121
6 years ago
Jez is now live here >>> https://www.youtube.com/channel/uco0f-1_6ogwq3zrrtunbv0w?view_as=subscriber https://twitter.com/funfairtech/status/972124853737349121
6 years ago
This is your one hour warning for Jez's presentation at #EthCC We'll be streaming it live via this link http://bit.ly/2g7orkq
6 years ago
This is your one hour warning for Jez's presentation at #EthCC We'll be streaming it live via this link http://bit.ly/2g7orkq
6 years ago
Standing room only as @VitalikButerin delivers a talk on Plasma Cash #EthCC https://t.co/XHRxsMv2eV
6 years ago
Standing room only as @VitalikButerin delivers a talk on Plasma Cash #EthCC https://t.co/XHRxsMv2eV
6 years ago
It's lunchtime on Day 2 of #EthCC and the Ethereum community is taking the opportunity to network! https://t.co/9OKHXHYtLp
6 years ago
It's lunchtime on Day 2 of #EthCC and the Ethereum community is taking the opportunity to network! https://t.co/9OKHXHYtLp
6 years ago
A reminder that our CEO Jez San will be presenting at #EthCC this afternoon at 4pm GMT and you can watch it live on… https://twitter.com/i/web/status/972039692098179072
6 years ago
A reminder that our CEO Jez San will be presenting at #EthCC this afternoon at 4pm GMT and you can watch it live on… https://twitter.com/i/web/status/972039692098179072
6 years ago
A really interesting first day at #EthCC in Paris We caught up with our CEO Jez San to find out what his key takea… https://twitter.com/i/web/status/971787664000208896
6 years ago
'Your data is not just yours, it is you' Interesting take from @Saj_JZ from earlier this morning at #EthCC
6 years ago
We'll be live from #EthCC throughout the next few days giving our thoughts and insight on all the hot topics Plus… https://twitter.com/i/web/status/971663537474031616
6 years ago
"Ethereum will become the blockchain of choice" Find out what else Jez had to say when he spoke to @EGRTechnology http://bit.ly/2tqdgme
6 years ago
Jez was speaking in the latest issue of @EGRTechnology http://bit.ly/2tqdgme
6 years ago
"Regardless of the token, regardless of the speculation, I believe FunFair is one of the most interesting and meani… https://twitter.com/i/web/status/969186621567504384
6 years ago
The panel at ICE, including Jez San, giving their answer to the question - 'Is it really an issue that the player d… https://twitter.com/i/web/status/966366803751587841
6 years ago
‘You can’t just know the technology and be part of the community, you need to know the underlying business you’re i… https://twitter.com/i/web/status/965660604655652864
6 years ago
‘You can’t just know the technology and be part of the community, you need to know the underlying business you’re i… https://twitter.com/i/web/status/965660604655652864
6 years ago
Last week, Funfair attended #TotallyIceGaming at @ExCeLLondon. It was a great chance for us to introduce the brand… https://twitter.com/i/web/status/963826673396445185
6 years ago
To manage expectations we have been given a timeline of approx. 4 months for the license to be processed and issued… https://twitter.com/i/web/status/963367219685183488
6 years ago
As per our commitment to working with gambling regulators we are pleased to confirm that we have now submitted an a… https://twitter.com/i/web/status/963367126429044736
6 years ago
This will not affect any of our plans, in fact, with a hugely successful ICE event under our belt it's very much bu… https://twitter.com/i/web/status/963080259590606849
6 years ago
We've not had a chance to send an update on this yet but you're likely aware that Bittrex delisted FUN, as of last… https://twitter.com/i/web/status/963080090727960576
6 years ago
The FunFair stand is coming together nicely in advance of the world's largest gaming conference starting this Tuesd… https://twitter.com/i/web/status/960199441696415744
6 years ago
David has just posted the January company update including the latest on hires, product and our presence at ICE ...… https://t.co/qrzDSMacGQ
6 years ago