FUNToken’s CEO Adriaan Brink Talks About the Meteoric Users Growth and the Upcoming XFUN

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Online gam­ing is on the rise, and it has turned from an over­looked indus­try to a mul­ti-bil­lion dol­lar mar­ket seg­ment with hun­dreds of thou­sands of peo­ple across the world com­pet­ing and play­ing var­i­ous games and genres.

Over the past cou­ple of months, we’ve also seen a tremen­dous surge in the inter­est in blockchain-based gam­ing. But one area where blockchain-based tech­nol­o­gy shines is gam­bling, and that’s where FUN­To­ken comes into the pic­ture – a project that aims to bring con­trol and own­er­ship back in the hands of players.

In this inter­view, Cryp­toPota­to talks to Adri­aan Brink – the CEO of the project. Brink has years of expe­ri­ence in the fields of bet­ting, gam­bling, tech­nol­o­gy, and inter­net pay­ment tech. He’s designed and built sev­er­al indus­tri­al-strength sys­tems and has more than 20 years of expe­ri­ence oper­at­ing var­i­ous gam­bling sites, includ­ing the world’s first online gam­ing site.

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Adri­aan Brink, FUNToken

 

The fol­low­ing inter­view focus­es on what FUN­To­ken is con­cen­trat­ed on, how Brink sees the future of iGam­ing, and how does the plat­form fits into it.

Can you break it down as sim­ply as you can: what’s FUN­To­ken all about? 

“FUN­To­ken is work­ing on decen­tral­iz­ing the gam­bling expe­ri­ence – putting own­er­ship and con­trol of play­ers’ funds into their own hands – where it belongs. It starts with the token and a place to hold it – with our mobile-based wal­lets. We then make it sim­ple and easy for users to play with their tokens and move them around – by elim­i­nat­ing gas fees and pre­sent­ing a user-friend­ly user experience.

This is fol­lowed by increas­ing the enter­tain­ment oppor­tu­ni­ties for play­ers with more con­tent – thus build­ing the com­mu­ni­ty – and final­ly mov­ing more of the process onto the blockchain and out of the cus­to­di­al operator’s hands. Fun­da­men­tal­ly it’s about an ecosys­tem and com­mu­ni­ty for gam­blers that is built on blockchain technology.”

You recent­ly announced a new Layer‑2 token called XFUN, and it runs on Poly­gon. Why did you choose Poly­gon, and do you have plans to roll out on oth­er lay­er twos in the future?

“We chose Poly­gon because it pro­vides a very fast and scal­able layer‑2 solu­tion with very low trans­ac­tion fees (gas). We then added to this a mech­a­nism where­by we can com­plete­ly elim­i­nate gas for the users (effec­tive­ly we fund the trans­ac­tions). I believe that high gas cost is one of the sin­gle biggest inhibitors to the wide­spread adop­tion of tokens. I’m super excit­ed about the oppor­tu­ni­ty now to roll out gas-free transactions.

Regard­ing oth­er chains – we looked at many, and of course, the land­scape changes quite fast.  By no means are we fixed on Poly­gon, but in real­i­ty, this is all about usabil­i­ty and build­ing the com­mu­ni­ty – I don’t think the aver­age user cares that much about what blockchain you are on as long as the process of using the token is sim­ple and works efficiently.”

Can you share more details about your burn­ing process? What’s the inten­tion behind them, and what’s the ulti­mate goal?

“Adding a defla­tion­ary ele­ment to the ecosys­tem presents an oppor­tu­ni­ty for the token to gain in price, which of course, is some­thing that investors want to see. We com­mit­ted to burn half the net prof­its from all our own gam­ing oper­a­tions on a quar­ter­ly basis and kicked this off in Sep­tem­ber with a 5M FUN burn.

Ulti­mate­ly FUN is all about return­ing val­ue to investors, which comes through grow­ing the ecosys­tem with increas­ing users and increas­ing the per­cent­age of tokens that are ded­i­cat­ed to utility.”

Where do you see the future of iGam­ing head­ing towards, and how is FUN­To­ken going to be a part of it? 

“I fun­da­men­tal­ly believe that cryp­to, in gen­er­al, will be as much of a part of our every­day lives in the future as the inter­net is today.  Since Feb­ru­ary, we have grown the num­ber of users from 80K to over 300K (many of them in cus­to­di­al wal­lets), and this momen­tum shows no sign of slowing.

We launched a mar­ket­ing and tech push this week at Sig­ma in Mal­ta with the online gam­ing oper­a­tors – pre­sent­ing the case for them to inte­grate XFUN and have access to our com­mu­ni­ty.  By open­ing the doors to oth­er oper­a­tors and con­tent, we will be able to offer sub­stan­tial­ly more oppor­tu­ni­ties for FUN­To­ken hold­ers, and this will fur­ther grow the community.”

You recent­ly announced an extend­ed roadmap head­ing into Q4 of 2021. What is it that you are most excit­ed about?

“XFUN! The launch of XFUN on Poly­gon final­ly makes it pos­si­ble to run on-chain oper­a­tions with­out the gas fee and high laten­cy prob­lems that plagued both FUN and oth­er tokens on Ethereum.

Com­bin­ing this with a super cool wal­let and tight inte­gra­tion with oper­a­tors presents a unique and pow­er­ful ecosys­tem for gam­ing in the future.”

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