FUNToken-prisFUN $0.004676

FUNToken seeks to revolutionize a booming industry by reducing friction between operators and players and moving custody of players funds back into the players hands

FUNToken is built on standards and with the fast, gas free operation on P{olygon now available via the mobile wallets provides a scalable and robust mechanism to access decentralized applications.

FUN tokens are pre-minted with no further issuances in sight. There is a maximum supply of 17 billion FUN tokens created in an official FUN pre-sale on June 22, 2017. More than 80% of all tokens were distributed to industrial investors and purchasers during this pre-sale event.

While 11.173B of the minted tokens were reserved for a second pre-sale, it was later removed from the schedule. More than half of these reserved tokens (55%) were burned, as they were categorized as surplus. The remaining 4.7B tokens were transferred to new owners in 2021. The supply is now fixed (no more can be minted) and is reducing with the quarterly burn.

Trading supply is further reduced 1:1 with all XFUN tokens issued on Polygon so as the usage of XFUN increases so FUN trading supply will reduce.

As an Ethereum-based ERC-20 token, FUN is operating under the proof-of-stake (PoS) consensus method. PoS was created as an alternative for the proof-of-work (PoW) consensus used by Bitcoin. While PoW requires a significant amount of processing power for tokens to be mined, PoS distributes mining capabilities based on already acquired tokens.

Many analysts point out that PoS is an easily scalable consensus method, which allows for greater flexibility in terms of use cases. Consequently, this is becoming a much more popular consensus method in recent years.

FUNToken is becoming increasingly popular, which is why more exchanges have started offering trades with his crypto token. One of the more popular choices is Binance, which also has the largest FUN/USDT trading volume at $4,266,292.

Other choices include LATOKEN, and Bitrue, which have the second and third largest trading volumes after Binance.

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