Freebitco.in completes majority acquisition of $FUN token

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 14173
        )

    [ppma_authors_name] => Array
        (
            [0] => David
        )

)

Updated September 21, 2022 | Published February 26, 2021

2 mins read

Crypto casino and Bitcoin faucet freebitco.in has announced that it has acquired 3.75 billion $FUN tokens from FunFair technologies in a landmark deal.

Freebitco.in has recently integrated the FUN token into a loyalty and rewards program at its casino, in a move which has seen the price of FUN increase dramatically.

But it has now purchased an additional 3.75 billion FUN tokens directly from the 4.45 billion FUN that FunFair had been holding in cold storage.

In a statement, FunFair said that the defi boom had made it challenging to operate an on-chain casino, and that the Freebitco.in use case was generating ‘the bulk of FUN token commercial activity, rather than FunFair’s customers.”

“In light of this new use case and its potential for the token economy, FunFair has agreed to sell the majority of its FUN token holdings to Freebitco.in, giving Freebitco.in more opportunity to use the token for loyalty and promotions marketed to their millions of customers,” FunFair said.

In a separate statement, freebitco.in said it would ‘invest in the token’s long-term development’. It pledged to strategically burn tokens, improve liquidity, port the FUN token to a new blockchain, build a dedicated wallet and create new partnerships.

“Since 2013, FreeBitco.in’s goal has always been to provide online gaming enthusiasts with a frictionless, transparent, and truly fair experience,” freebitco.in said. “There’s no better fit than the FUN token to help us significantly enhance our efforts.”

Bitcoin gaming has become big business in recent years, with the likes of Bitcasino, FortuneJack and Cloudbet becoming major players in the online casino industry.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
Chipstars casino talks Bitcoin bets, web3 gambling, and VIP features
THE LEDGER: WINR DegensBet, Rollbit x Stake.com rivalry, ZKCasino to the rescue

Similar News

crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2164
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3357
            [name] => gambling
            [slug] => gambling
            [term_group] => 0
            [term_taxonomy_id] => 3357
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 296
            [filter] => raw
        )

)

Stake.com offers Double Winnings promotion for T10 European Cricket...

27/09/2023|09:13

The T10 European Cricket Championship has begun, and fans are already celebrating big wins thanks to Stake.com's Double Winnings promotion....
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2164
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3357
            [name] => gambling
            [slug] => gambling
            [term_group] => 0
            [term_taxonomy_id] => 3357
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 296
            [filter] => raw
        )

)

RocketPlay Online Casino offers players 3,000+ games

27/09/2023|09:09

Crypto-friendly RocketPlay Online Casino boasts an extensive catalog of over 3,000 games, promising players an interstellar gaming adventure. Offering a...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2164
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3357
            [name] => gambling
            [slug] => gambling
            [term_group] => 0
            [term_taxonomy_id] => 3357
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 296
            [filter] => raw
        )

)

Crypto integration fuels explosive growth in online gambling market

27/09/2023|08:18

The online gambling and betting market is on a rapid growth trajectory, buoyed by the increasing penetration of the internet...