FUNToken (FUN) crypto volume surged 23%; will it maintain its rise?

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 FUNToken (FUN) crypto volume surged 23%; will it maintain its rise?
Image source: © Tartilastock | Megapixl.com

Highlights:

  • FUNToken is a one-stop gaming token developed for the online gambling/ gaming industry. 
  • It is a leading iGaming token globally with 300,000 users.
  • FUN token’s current market capitalization is US$92.5 million.

FUNToken (FUN) grew 2.21% to US$0.008431 at 7:12 am ET on Tuesday. The gaming community project is set to unveil new games for players. Ahead of launching the latest games, the platform is grabbing attention, reflected in the 23% surge in trading volume on Tuesday.

However, the launch date of the new games is not yet disclosed, but it is already drawing investors' interest. Let us know more about FUNToken and what does it do?

What is FUNToken?

FUNToken is a one-stop gaming token. It is created to facilitate gaming with a transparent and fair funding mechanism and gaming integration opportunities.

According to its official website, the token has 300,000 users and is a leading iGaming token globally. It was created as a fast, transparent, and fair transactional solution for the iGaming ecosystem.

iGaming refers to online gaming, which refers to any gaming form which includes betting or gambling, such as Live Casino games, Sports Betting, Real Money Slot Games etc. 

The FUNtoken is based on Ethereum and Polygon blockchain. 

Adriaan Brink started the project in 2017. He serves the company as CEO with a strong team of developers.

This month, FUNToken announced bringing XFUN Wallet. This wallet is a part of the XFUN suite, which has a new token, casino, arcade, and wallet.

One can download the wallet on Android and iOS devices. XFUN Wallet offers features including paying and receiving payments and holding various cryptocurrencies.  

Another useful feature this wallet offers is the gas-free and simple swapping between FUN and XFUN tokens. The latest version of the non-custodial wallet has been improvised on the UX level and offers safe use. 

The project is more or less on track as per its roadmap to deliver gaming opportunities, software development, and technical infrastructure.  

Its other token, XFUN, was launched on the Polygon sidechain, which is less expensive than Ethereum and allows for efficient zero-cost and low latency transactions. 

Data Source: Coinmarketcap.com

FUN token:

The token has been developed for the online gambling and gaming industry. There is a quarterly burn of 50% of the profit to ensure that FUNToken maintains value in the future. 

FUN token’s current market capitalization stands at US$92.5 million. Its circulating and total supply is the same at US$10.98 billion FUN. Binance, OKX, Hotcoin Global, Gate.io, Bitrue etc., are crypto exchange offering FUN for trading.

FUN’s trading volume rose 23.13% to US$17.39 million over the last 24 hours.

Bottom line:

The Crypto market is decentralized and unregulated, which makes it prone to unexpected risks. The users must be careful while choosing a cryptocurrency to invest in their money and must do so only after a thorough evaluation of the project, its team, and the fundamentals.

 

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