THELOGICALINDIAN - Who doesnt like success stories
In 2024, one of the better success belief in crypto has been that of FUN Token, an ERC-20 badge with an absurd eyes – bringing decentralized online bank to the mainstream.
Not continued ago, this eyes was in crisis as ascent Ethereum gas fees fabricated on-chain affairs bottomless for FUN Token. Along came FreeBitco.in with a different use case and acquired the badge in February.
FUN Token hasn’t looked aback since…
FUN Token’s Journey in 2024
FreeBitco.in, the seventh-largest online bank in the world, acclimatized FUN Token for its Premium Membership program, affective its use case absolutely off-chain. Through this project, FUN Token acquired acknowledgment to over 46 actor users.
Subsequently, FreeBitco.in acquired the badge and congenital a new aggregation about the token, helmed by the awfully accomplished Adriaan Brink, aforetime of the BETR Foundation. A absolute roadmap was laid out.
In a amount of months, FUN Token acquired over 170,000 new users, tripling its user abject and accomplishing it all off-chain. Noticing its ascent popularity, Binance organized a brace of acknowledged trading competitions and added FUN to its Locked Savings program.
And now, FUN Token is demography a massive footfall appear acumen its appetite with its better activity yet…
While an off-chain use case is a able workaround, accomplishing accurate decentralization in online bank is alone accessible through on-chain activity.
One of the better issues adverse online gaming is accompanying to abettor escrow. When a user places a bet, their funds are confused into escrow until the outcomes are determined. Simultaneously, operators accept to ensure acceptable funds are accessible to achieve these bets. By affective operations to a blockchain, these logistical drawbacks are eradicated.
FUN Token approved to break these issues application the Ethereum blockchain, however, there was a problem.
“FUN suffered abundantly with the ascent amount and cessation of Ethereum transactions, so our aboriginal above tech absolution will be to accord with this issue,” said Adriaan, CEO of FUN Token. “In the abutting 2 months, we will absolution a new Layer-2 badge on the Polygon arrangement to advantage its aerial achievement and low transaction fees.”
This badge will be called 1:1 with FUN Badge and over 250,000 users will be brought on to the Polygon network. New tokens will be issued in barter for escrowing FUN Tokens, finer demography a massive bulk of FUN out of apportionment and acting as a cardinal bake tactic.
In the advancing weeks, a full-fledged, absolutely decentralized bank for the L2 Token will be launched, demography FUN Token afterpiece to its eyes of making online bank transparent, fast, and defended for everyone.
The online bank industry is abounding with arbitrary practices, continued cashout times, and aegis risks. FUN Badge has committed itself to bringing decentralization to the industry through anxiously planned developments, and a badge ecosystem based on a Layer-2 blockchain is absolutely a footfall in the appropriate direction.
FUN Token additionally affairs to advance 50% of its gaming profits to bake tokens strategically, assuming its charge to authoritative its ambition a reality. There’s a continued way to go, however, the alpha couldn’t accept been stronger than this.
