Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICO ⚡🚀🔥🔥🔥🔥✅ Faireum ✅ FAIRC Token ✅ Faireum Token ⚡🚀🔥🔥🔥🔥
by
Insufficient
on 20/03/2019, 10:04:00 UTC
I am thinking, since you have your own blockchain does this mean you are set to have your main net? If so when and what is going to happen to your tokens? Will there be token swap later on?

Once the Faireum ecosystem is released, there will be three major participants in the Faireum token economics: users, network supporters (nodes), and developers. Faireum will also build a marketplace on FSN for listing games and Dapps.Before the public release version of the Faireum blockchain, all Faireum tokens will be minted based  on  the  ERC20  standard  on  Ethereum. 

In  the  first  release  version  of  Faireum,  the genesis  block  would  produce  the  same  amount  of  coins  for  1:1  exchange  between  Faireum and  Ethereum. 

Faireum  tokens  on  the  blockchain  will  be  the  main  circulating  token  for  our gambling ecosystem. Accompanied by the functional improvement and the incorporation of partners, the application of Faireum tokens will be diversified.In the future, Faireum token in the Faireum blockchain will become the native currency of the Faireum Environment.

Thank you for the elaborate answer! I do really appreciate it! Just to be clear faireum tokens will remain as ERC-20 tokens? I get the part that it will be the faireum blockchain native currency of course it is kinda given  Grin