TronVegas’ VCOIN has begun active trading, with the market setting its total market cap at around $10m.
Sporadic trading of VCOIN has begun on exchange TronTrade.io, with the market looking to set the value of VCOIN.
Trading has ranged between 1.5 TRX per VCOIN, and 3 TRX per VCOIN, giving it a value US dollar market cap of between $5m and $15m. The coin looks set to settle at a market cap of around $10m, or about $0.05 per VCOIN. The total supply of VCOIN is capped at 200m.
VCOIN are mined from the popular TronVegas.net TRON-based casino when playing its games. By holing VCOIN, you are entitled to a share of the profits of the successful casino.
TronVegas is one of the most successful TRON-based DApp, attracting more than 3,000 daily users and doing a seven-day volume of 13.5m TRX ($360,000).
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.