The cryptocurrency industry has grown to be rather massive. These days, there are over 8,670 different coins, and those are only the ones that are currently still active. With so many coins and tokens around, it is extremely easy for real gems to go unnoticed, hidden in a sea of tokens whose future is questionable, at best.
But, this also makes it very rewarding to comb through the market and try to find one of these hidden gems. FreeBitco.in, the world’s largest crypto-based platform for online betting, gambling, and gaming recently did just that, discovering FunFair (FUN) token, and becoming extremely impressed with its capabilities.
From that moment on, the company started working on acquiring, integrating, and massively improving the project which has hit a wall of stagnation all the way back in late 2018.
What does FreeBitco.in Plan to do with FUN?
According to what is known, FreeBitco.in has recently acquired a majority of the FUN token’s total supply, as well as a cold storage that can hold 40% of the token’s supply, or 4.45 billion FUN Tokens. The company’s next move is a series of programs that will allow FUN to start growing in the long-term.
In essence, FreeBitco.in is giving FUN some brand new use cases that will attract users to the coin and boost its usage, and likely also its price.
The company has stated that it will hold a FUN token giveaway, where it will reward users with as many as 2,000,000 FUN tokens.
Details About the Giveaway
Giveaways in the crypto industry are always very rewarding and usually quite interesting and competitive. Now, FreeBitco.in plans to hold one where it will give 2 million FUN tokens to its users — 1 million tokens to the top-ranking user, while the rest will be split among nine others, who secure the next few spots on the rank list.
All that is required to join the giveaway is for participants to refer their friends to purchase FUN tokens on FreeBitco.in. There will be 10 winners in total, and, naturally, the more people users convince to register on FreeBitco.in and purchase FUN — the better their rank.
What Else is FreeBitco.in Planning?
Of course, this is not all that FreeBitco.in has in store for FUN token, but only the first step. The company also announced adding FUN to its Premium Membership Program, which is a feature that incentivizes FreeBitco.in users to buy and hold FUN. In return, they can secure a number of significant and unique benefits.
The program saw launch less than two weeks ago, around March 15th. At that time, everyone who held at least 2,500 FUN tokens for at least 30 days was eligible to receive special benefits. The benefits would increase in regards to the length for which the tokens were held — up to 12 months — and according to the amount being held. As mentioned, the minimum amount was 2,500 FUN tokens, while the maximum was 500,000 FUN. Users could hold more than that, but it would not affect the benefits any further.
Of course, those who did not buy and hold the coin in time to receive benefits at the time of launch still have the chance to become eligible by doing so now. It's just that they won't start receiving benefits until the first 30 days of HODLing expire.
As for the nature of the benefits, they include a variety of different things, including up to 1% cashback on Multiply BTC and Betting wagers, as well as up to 16 Wheel of Fortune free spins. Then, there is interest on the BTC balance that they can earn — up to 25% extra interest daily. FreeBitco.in also offers up to 50% referral commissions for life, with the company willing to pay out over 10 BTC in commissions per month to its users.
Above that, however, it is also a great privilege to watch the shift in how online gaming moves, going from its past, solitary, passive approach to a new, social, and more active one. Of course, the experience will still keep all the simplicity that users appreciate, but it will be a lot more engaging.
The project has already started seeing massive amounts of activity after trading sideways for over two years. These days, both volume and the price of the token have surged as FUN is finally awakening.
To put this into perspective, let’s just note that FUN has been going between $0.002 and $0.005 for years. Then, between December 24th, 2020 and February 5th, 2021, the price went from these low levels to $0.04567. This is a 1000% increase which clearly shows that FUN did not only attract a small amount of interest, but that it is becoming rather popular. The coin did correct after reaching this two-year high, but the correction is already being nullified by a steady recovery.
Even its original founders, FunFair, admitted that, despite several industry firsts and significant milestones, FreeBitco.in has created a superior use case for their token. They also added that the increased activity within the token’s network is undoubtedly coming from FreeBitco.in’s customers, and not FUN’s original users.
Later down the line, FreeBitco.in also plans to transfer FUN to a new blockchain, give it a dedicated wallet, hire developers to make dApps based on the coin, advertise it with its partners, engage in strategic token burning, and more.
