What strikes me about this token is the very high percentage of staking - that's an indication of a use-case. I'm open to being corrected about this, though.
If you’re talking about FUN Savings, those numbers are unverifiable. It is not real staking that can be verified on the blockchain. Around 60% of the supply is supposed to be locked on FreeBitco.in, but around 83% is held on Binance wallets. If you lock your tokens on the site, not only are you trusting FreeBitco.in but also Binance. All these layers of risk, lowering the APY to an insignificant amount, and the token’s historical performance make this a very unattractive offering.
Virtually any token outside of the top 100 by market cap could be said to be an "unattractive offering." The way I see it, the FUN token is speculative in the way that many low-cap tokens and even penny stocks are speculative - a degen play as they say. I agree that there is an element of faith that Freebitco.in will continue to act in good faith when you use or accumulate the token. It seems the token should be viewed as largely an in-house rewards program, with a bet on the token largely a bet on the goodwill of the site.