Eventful weeks for FUNToken. News around a new utility token called $XFUN that I wrote about here, and here. XFUN Bridge to Polygon ($MATIC) and a new XFUN Wallet. All of which will increase the utility of $FUN through the 1:1 pegging with $XFUN. A great start to the new and improved FUNToken crypto gaming system. All of this needs development though and is not available as of today.
Besides that, FUNToken.io have been giving updates around a new online casino partnership. This project was finally launched, today - the dPlay crypto casino.
The dPlay crypto casino is an independent gambling platform that is exclusive to $FUN. All that is needed is an ERC-20 based wallet with $FUN coins, e.g. MetaMask wallet. Meaning that any of the existing 177,000 $FUN hodlers through Freebitco.in, or any of the other 86,254 in non-custodial wallets can easily access dPlay and play games. People that do not hold any $FUN but wish to play would need to do so using $FUN, effectively becoming hodlers. And if you are familiar with basic market dynamics, an increase in demand will result with an increase in the price of FUN coin.
Would be fun to track the usage of FUNToken in the next six months, but I cannot find any good data sources. Anyone knows of a tracker such as DappRadar that includes $FUN?
Anyway, this is great news as this new partnership will be the starting point of the FUNToken ecosystem. In due time, when $XFUN is launched along with the XFUN Bridge and XFUN Wallet, we are bound to see more gambling dApps running on Polygon. Further, increasing usage of $FUN and in the future, $XFUN. As I explained in my earlier posts, once $XFUN is available along with related gambling dApps, the only way to get $XFUN is by swapping it from $FUN through the XFUN Wallet. So, any hodlers of $FUN stands to benefit from more dApps and overall increase in demand for tokens (= drive the price up).
dPlay is crypto casino is a pure online casino (similar to that of WINk and BLINk), offering the standard types of games: online slots, table games, and live casino games. So far, the gaming content is supplied by OneTouch. We should expect more providers to get integrated in due time.
You can even try it, according to their Twitter account, there is a no deposit offer available. All you need is a valid email, sign up and receive 10 free spins on the online slot Queen of Glory.
From a blockchain tech perspective, dPlay is the first true, decentralized dApp in the FUNToken ecosystem. This showcase that the team behind FUNToken ship and deliver on what they planned in their roadmap for 2021. Which, to me, is an indicator that they will deliver on their goal of launching a Layer 2 utility coin ($XFUN) along with a bridge to Polygon and a wallet. Something that will set the fundamentals of becoming the best and biggest gambling network in the growing Polygon network.