The layer-2 token and token burn from the iGaming token launch the deflationary blueprint. On September 30, 2021, FUN Token successfully completed its first token burn, kicking off its deflationary roadmap that includes quarterly token burning and the imminent introduction of layer-2 token XFUN. What then is a Fun Token? What transpired when the fun token was burned?
What is FUN Token?
FUNToken is the all-in-one gaming token that will make it possible to fund and integrate various gaming activities in a transparent, provably fair, and universally accepted manner. A number of significant exchanges, including Binance, Uniswap, Gate.io, HitBTC, and BitFinex, list FUN as well.
When did FUN Token’s first burn?
On September 30, 2021, FUN Token successfully completed its first token burn, kicking off its deflationary roadmap that includes quarterly token burning and the imminent introduction of layer-2 token XFUN.
The team pledged to burn 50% of all revenues made from their gaming operations in a burn strategy statement posted on FUN Token's website in May 2021. A casino created just for FUN players, DPLAY, was made available on August 30, 2021, by FUN Token.
XFUN, a brand-new layer-2 token that will be introduced on the Polygon network, is an important component of the deflationary strategy. Users will be able to swap FUN for XFUN with ease thanks to a 1:1 peg between XFUN and FUN Token provided by an Ethereum-Polygon bridge.
All FUN Tokens that are exchanged for XFUN will be escrowed and removed from circulation, resulting in the creation of a deflationary environment with two types of assets that will frequently allow for a supply squeeze and raise the token's value.
Additionally, a decentralized casino for XFUN will be developed to offer FUN users a quick, safe, and economical gambling experience.
In order to solidify its position as the leading project in decentralized iGaming, FUN Token will soon provide more gaming options for XFUN, both internal and third-party.
