Another quarter, another burn.
And again, another record number for FUNToken!
We are pleased to announce that we have completed our biggest FUN Token burn ever.
As per our burn strategy — on a quarterly basis we are committed to burn 50% of the Net profits from our in-house gaming operations.
On July 1st at 10:57AM (GMT), a total of 14,468,541 tokens were burned. It can be seen on the following transaction hash:
0x112df64358b23053f0cff1c902a8fdfe94bc530461b66f2b25bc9fa23c9adfac
That’s a 22% increase on our last burn 3 months ago. This reflects the strong and steady growth seen on DPlay, our first online Casino.
Considering the adverse market conditions for crypto during the past quarter, it further illustrates the resilience of FUNToken and its ecosystem.
With the roll out of the XFUN eco-system, including the latest XFUN Wallet upgrade, and the imminent launch of the XFUN Arcade portal, we expect an even stronger growth in the future, and always more tokens to be burned every quarter.
This increased deflationary pressure on the token supply will be beneficiary for holders.
Onwards and upwards!
About FUNToken
With over 300,000 users and counting, FUNToken is the leading iGaming token globally. Based on the Ethereum and Polygon blockchains, it was created as a fast, transparent, and truly fair transactional solution for iGaming ecosystems and players alike.
Supported by a robust development team and helmed by CEO Adriaan Brink, FUNToken’s objective is simple: harnessing the power of blockchain tech to create trust less ecosystems that users can rely on, and operators can implement seamlessly.
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