It is a decentralized gaming technology platform that uses smart contracts on the Ethereum blockchain.
Their platform aims to become the fastest, funniest, fairest, lowest cost, safest, and easiest to use in the casino industry.
The idea behind FunFair is that both operators and developers will have the ability to create fully customized player experiences for games like slot machines, blackjack, roulette and baccarat. The FunFair license allows operators to easily configure and host their own casino under a private label and, at the same time, saving significant hardware, chargebacks, and operational personnel resources through blockchain.
The FUN token is an ERC-20 utility token that powers the ecosystem. Since they are shipped to and from Ethereum participants, they are quick to use. Ownership of individual tokens is anonymous, and they have a unique limit on the creation of coins, making them deflationary.
Players gamble with FUN, developers and affiliates are rewarded with FUN, and operators pay players with FUN. Players also pay to use games via FUN tokens, such as making in-app purchases for freemium casino games.
FUN is also used to run smart contracts on the platform, as well as Fun Fairs Random Number Generator.