/biz/ - Business & Finance

Below from Jez himself

Hey @Everyone,

We shortly will be making the announcement below on FunFair.io, but we wanted to share this exciting news with you first.

“A New Era for the FUN token as FunFair Technologies passes the mantle to Freebitco.in

FunFair Technologies has been developing its Ethereum based gaming technology and ecosystem for over four years, striving to deliver a guaranteed fair, decentralised gaming experience to the mass market through blockchain technology utilising the FUN token. The FUN token achieved the functionality it was designed for and several industry firsts and significant milestones in proving its intended use case. However, a third party, Freebitco.in, has developed a different use case for the FUN token, with the potential to further expand use of the FUN token.

Independent of FunFair Technologies, Freebitco.in recently started using the FUN token for promotions and loyalty to their market-leading customer base, which claims over 40m crypto holders, without the burden of requiring significant on-chain transactions. This activity has introduced considerable volume into the token economy.

Ongoing and significant increases in gas prices have thwarted FunFair Technologies’ ambitions to encourage mass adoption of their technology, ecosystem and the FUN token, and they show no signs of abating. Decentralised Finance (DeFi) growth on Ethereum has been pushing gas prices up for many months. Defi now accounts for over 90% of all Ethereum transactions, it’s currently the primary use case driving the network’s success, it’s why blocks are full, and transactions are expensive.

>>29748733
You better be memeing.

>>29749089
Nope. Is true

Here's freebitco.in's announcement

>>29749226

Why is this bad?

>>29749352
The developers abandoned the project.

>>29749382
I didn't think they were doing anything with the project in the first place.

The irony is they were one of the few tokens to ever have a working product for their token. Lmaoo. This is what’s going to happen to all tokens eventually.

>>29749168
y'all MFers got Croc'd

doesn't seem like a rug, bot has been steadily buying ever since that freepajeetcoin thing originally.

>>29751085
They have probably acquired it for nothing.
Jez and the team had 50m+ in Ethereum so have probably abandoned the company to cash in on that

>>29749502
Right? This was the casino token wasn't it? How are you so fucking lazy that you lose money running a casino? I had a stack at around .01 last run. Are online casinos even a thing anymore or does everyone just bet on crypto and stocks now?

>some shitty scamsite
Freebitco.it is one of the most trusted faucet website, nigger.

https://freebitco.in
r=7041592

Register on it and get free BTC

I remember this being the first altcoin I bought. This is hilarious but also nostalgically sad....

They raised tens of millions of dollars to develop an erc20 token for a faucet.

>>29752073
A fucking faucet.