Leading Gaming Token FUN Token Partners With DWF Labs
• FUN Token has teamed up with DWF Labs to decentralize the online casino space.
• The XFUN Wallet is a multi-asset non-custodial wallet and allows users to exchange tokens.
• 50% of net gaming revenue is allocated for token burning, increasing deflationary character of the token.
Partnership with DWF Labs
Today, FUN Token signed an undisclosed deal with DWF Labs that will support their mission of decentralizing the online casino space. FUN Token currently has over 350,000 users, and is backed by FreeBitco.in – the biggest Bitcoin faucet in the world with 51 million crypto-savvy users.
The XFUN Wallet is an innovative multi-asset non-custodial wallet that can store a wide range of cryptocurrencies, tokens, and NFTs. It allows users to effortlessly exchange FUN Token for XFUN – the utility token of the ecosystem based on the Polygon blockchain. This technology eliminates intermediaries and enables users to play straight from their wallets. The XFUN Wallet is already integrated into several gaming platforms including Dplay Casino, XFUN Casino, XFUN.bet and XFUN Arcade.
Token Burning Practices
To maintain its deflationary character, FUN Token utilizes advanced escrowing and token burning practices where 50% of its net gaming revenue goes towards burning tokens quarterly. These efforts are aimed at expanding their ecosystem by bringing this technology to more casinos, exchanges, payment gateways and platforms – as well as releasing final upgrades to the XFUN API which allows third-party dApps to integrate seamlessly into its ecosystem.
The goal behind FUN Token’s venture is harnessing blockchain technology in creating “trustless” gaming ecosystems that both users and operators can rely on seamlessly while eliminating intermediaries in transactions along with retaining control of funds within players‘ wallets.