FUNToken
Crypto Overview
Overview
FUNToken (FUN) was initially created in 2017 for online gaming and gambling applications, but underwent a significant pivot in 2021 following its acquisition by FreeBitco.in. The token now serves as a multi-utility digital asset within the FreeBitco.in ecosystem, which includes gaming, rewards, and various platform functionalities.
Intended Utility
The current intended utilities of FUNToken include serving as a payment method on FreeBitco.in's platform, providing premium membership benefits, offering staking rewards, and facilitating various platform activities. The token is primarily used within the FreeBitco.in ecosystem, which includes both permitted and non-permitted activities from an Islamic perspective.
Actual Usage and Adoption
The token maintains active trading volumes and is primarily used within the FreeBitco.in platform. The main applications involve gambling activities, gaming, and platform rewards. The development team regularly updates the platform and maintains active communication with the community.
Token Distribution and Governance
FUNToken has a total supply of 10.9 billion tokens, with a significant portion controlled by FreeBitco.in. The project maintains transparency regarding token distribution and platform operations, though the primary use case remains centered around gambling activities.
Crypto Impact
To assign a comfort level investing in FUNToken from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to FUNToken.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.