Post
Topic
Re: [ANN] [ICO] FunFair.io - Disrupting Online Gaming - New Casino Platform
by
SciGuy
on 07/07/2017, 10:05:05 UTC
Thanks SciGuy. I'm interested in this because of Jez and company. Like the venture maxim states, "you invest in people not ideas." New to crypto and completed fascinated and entirely daunted. Prima facie, this looks like a very good long term play.

You may be new to crypto, but I can tell you have a background to move forward in this space... especially if you can appreciate long term play. I imagine short term gains is an all-consuming concept in many minds.

I would like to note that I only discovered FUN one day ago, but I read everything on Reddit, ETHtrader interviews with Jez San, and went through as much of the Slack chat as possible (he posts actively there) where I copied most of his messages in order to have a strong understanding.

I found that the research didn't take long and it allowed me to reduce anxiety and increase confidence (a priceless endeavor)... and also to learn some hidden/quiet information that isn't publicly mentioned.

For example, players in games can be shown their local currencies and not crypto... but they will actually be playing with FUN, it will just show up as fiat.

A quote from Jez discussing what Phase 2 will contain:

Phase 2 (of the games, not of the token sale)... is just a UI change.   there's nothing to stop anyone who's not in crypto from playing this too.   any payment processor (hundreds of them) can offer players to bridge the credit card to crypto chasm.   they can take the player's credit card, buy FUN for them, and let them play the games.   We can show the player their local currency in the games, and not crypto.   they will actually be playing in FUN, but they will be seeing it in FIAT.   Their Payment processor not only buys and sells FUN for them with credit cards... and returns it to the card afterwards... but also looks after their wallet, and uses derivative smart contracts to protect the currency hedge.

A quote regarding token dilution during Phase 2:

Yes, any unsold tokens in phase 2, which is likely if the price has risen from now til that date, will be returned to phase 1 holders.  making it sortof an anti dilution effect