THELOGICALINDIAN - The iGaming Token Kicks Off Deflationary Blueprint with Token Burn and Upcoming Layer2 Token
6th October 2024, Douglas, Isle of Man – On September 30, FUN Badge completed its aboriginal badge burn, basic its deflationary adapt that includes annual badge burns and the accessible barrage of Layer-2 badge XFUN.
For the aboriginal official burn, bristles actor FUN Tokens were taken out of circulation. Click on the articulation beneath to appearance the transaction details:
https://etherscan.io/tx/0x2ee9fb6b1fa821889bf751dfe488908adf95e1910966a3dbe83325f0703822c8
In a bake action account appear on FUN Token’s website in May, the aggregation committed to afire 50% of any profits becoming through their gaming operations. On 24th August, FUN Token launched DPLAY, a bank congenital alone for FUN users.
“In the four weeks back its adamantine launch, DPLAY has acquired 53,306 new users and over 14 actor FUN in deposits,” said a account appear by the team. “DPLAY has generated acceptable acquirement that we are able to bake 5 actor FUN as allotment of our now approved annual burn. These tokens were burnt on September 30 as allotment of our charge to bake 50% of all centralized gaming profits.”
A above allotment of the deflationary adapt is XFUN, a new Layer-2 badge set to be launched on the Polygon network. XFUN will be called 1:1 with FUN Badge and an Ethereum-Polygon arch will accredit users to barter FUN for XFUN seamlessly.
“XFUN is a new fast and gas-fee chargeless badge active on the Polygon blockchain,” connected FUN Token’s statement. “We apprehend to accept the FUN/XFUN arch active aural a few weeks which will accredit users to bandy their FUN for XFUN.”
All FUN Tokens swapped for XFUN will be escrowed and taken out of circulation, appropriately creating a bifold asset deflationary ecosystem that will consistently facilitate a accumulation clasp and advance the token’s value.
Furthermore, a decentralized bank for XFUN will be congenital to ensure a fast, secure, and cost-efficient gaming acquaintance for FUN users. More gaming opportunities for XFUN – both centralized and third affair – will be launched in the abreast approaching as FUN Token aims to adhesive its abode as the arch activity in decentralized iGaming.
