Leading TRON-based casino TronVegas has announced the start of a buyback and burn program for its VCOIN token.
From now on, 15 percent of profits from TronVegas, and 10 percent of profits from sister site IOSTVegas.io, will be used each month to buyback and burn VCOIN.
For the month of June, 55,782 VCOIN will be bought back, of which 39,500 has already been burnt.
In addition, a further 22,900 VCOIN will be bought back from the profits of IOSTVegas.
More than 1 million VCOIN has already been burnt as part of the program, with the current supply standing at around 13 million of a total supply of 100 million.
At time of writing, VCOIN was trading at TronTrade.io at a price of 0.486999 TRX per VCOIN, giving VCOIN an implied total market cap of around $1.4 million.
In a detailed blog post, FunFair discussed at length the challenges to onboard users to dApps.
“We can see plain as day where we lose people in the onboarding funnel, and much of the time it’s very early – at the start – the moment they’re asked to download a Web3 browser or wallet and to create an Ethereum account,” the team said in the post.
“We believe we could reach a lot more users for our dApp if there were far lower friction, no requirement to download or install anything new, and a UI that had a much more comfortable learning curve.”
To tackle the problem, the FunFair has spent almost a year building “an easy to use wallet that targets this significant onboarding friction”.
The result is the FunWallet, which FunFair says will run “in any web browser inside an iFrame, on any device, mobile or desktop, Safari or Chrome” and requires no plugin, download or install. In other words, users will be able to easily log into their FunWallet from their phone with an email and password.