BREAKING: End the year updates from David Greyling, COO at FunFair Technologies (Source: FunFair.io)

BREAKING: End the year updates from David Greyling, COO at FunFair Technologies (Source: FunFair.io)

An end of year update from David Greyling, COO FunFair Technologies

  1. Introduction 
  2. An exciting 2018
  3. FunFair as a Business
  4. Three Pillars of Success
  5. Summary & Conclusion

1.  Introduction

What a phenomenal 6 months it has been for FunFair!

Since June we have grown the team by over 500%, released over 5 product updates, won the Malta iGaming ICO of the year award, participated as the Global Sponsor of Devcon3, where we received huge accolades for our ground-breaking Fate channels, all of which whilst delivering against our ICO roadmap set out in June.

Moreover, we have made significant progress on our 2018 vision as well as the building blocks required to help us achieve our objective of delivering blockchain technology to the $60bn gambling industry.

We have ambitious plans and we continue to invest accordingly. This week alone we have secured four more hires in our technology, game design and administration teams. Combined with current vacancies, of which there are an additional 20 positions, our headcount is set to rise to approximately 50 team members by the end of Q1 2018.

We are also fortunate to have Stefan Kovach join us, in a consultancy capacity, to help with the development of our business strategy, plus brand and marketing activities. Stef is an industry executive with a wealth of experience, having headed up the marketing functions of both PokerStars and bwin.party – two of the biggest brands in online gambling.

Talent acquisition and retention is key to our success and we will continue to focus on creating a friendly and creative working environment that facilitates innovation.


2.  An exciting 2018

We have ambitious plans and we believe that we are in a unique position to deliver disruptive technology to the Gambling industry. To do this we need to scale our team, whilst keeping our end-users’ needs at the forefront of product development.

We are making good progress with this and look forward to sharing with you how we intend to structure and run the product teams in the new year.

Our primary goal for the start of 2018 is the public release of the first FunFair blockchain casino. This will entail a new lobby, updates to our proprietary Fate Channels, new gaming content and a brand new design interface. We are already engaging with operators and affiliates, who have demonstrated significant interest in our technology, and will be working towards on-boarding a partner for a Q2 release. Our ideal partner will work alongside our teams to iterate and enhance the technology, in order to allow us to establish a rollout plan for H2. In return, we will offer access to innovative blockchain technology and a growing cryptocurrency community.


High level 2018 Outlook:

Q1:

  • In January we will be submitting to the UK Gambling Commission our application for a Remote Gambling Software License.
  • In February we will be attending ICE Gaming, an international B2B conferencing event, where we will be introducing the FunFair brand to the gaming industry.
  • By the end of March V1 of the FunFair blockchain casino nears completion. This release will allow for real FUN to be used on the Main Ethereum Network for the first time.

Q2:

  • Operator On-Boarding: Deploying the FunFair casino in partnership with a friendly operator; objective: learn, adapt & iterate the technology as part of a soft launch.
  • Further product enhancements and features will continue to be worked on and, as we scale, we expect to introduce more regular product releases.
  • Engaging with 3rd party game developers, publishing API documentation and sample games and contracts.

Q3-4:

  • Product feature enhancements and further operator on-boarding.
  • Comprehensive operator reporting and administration tools.

3. FunFair as a Business 

From a pure business perspective, we are stronger than ever, having spent the past two months establishing the core of the operation. This effort included a review of the corporate structure for the operating entity and identification of the markets where we intend to apply for gambling licences.

We have therefore instructed lawyers and are, in some cases, liaising directly with the gambling commissions in the United Kingdom, Malta and Gibraltar with a view to achieving licensure at some point during the first part of 2018.

Unlike many of the other blockchain projects in the space we see the complexity of the fractured legislative landscape as an opportunity to help educate regulators, particularly in the more reputable jurisdictions, about the benefits of the technology from a regulatory oversight point of view.

It goes without saying that establishing the legal basis for offering our services is particularly important, as we begin to engage with operators for launching our products in the new year.

I am also pleased to let you know that we have formalised our finance and accounting procedures. This is an area many start-ups tend to neglect and by ensuring that the correct controls are established at the very beginning, the business has the required foundation to support future successes.

Furthermore, our treasury is in very good health and over the past month we have streamlined our holdings. We converted our remaining Bitcoin holdings into a rising market and currently hold 85,000 ETH and 4.45BN FUN, with a year’s worth of fiat currency to cover our operating expense.

Recently we sold some FUN tokens to an institutional investor utilising 250M of the annual 1BN allotment. This was an exception, as we do not intend to reduce our FUN holdings for the foreseeable future, unless a strategic target suddenly presents itself.

In summary we have a very strong financial basis to help us accomplish our mission, whilst also allowing us the ability to respond to investment opportunities as the technology landscape rapidly evolves.


4. Three Pillars of Success

When I joined the FunFair team I committed to establishing a foundation for success; one that attracts the best talent, focuses on the customer and creates an environment which underpins our hunger as a start-up.

We operate in a competitive landscape and it is our ambition and drive as a team, which sits at the core of our ability to deliver on our promises.

It is the combination of these factors that will allow us to deliver our product roadmap and the services that we want our customers to enjoy.

A strategy that can be summarised as the FunFair Pillars of Success:


Operational excellence

  • How we operate as a team; focusing on product quality and delivery capability
  • How we treat our Token holders and our Business partners; transparency in everything we do

Product Capability

  • Be the best; in driving product innovation & value, not for the sake of technology, but with the goal of delivering engaging customer experience

People & Culture

  • Attract the best talent, retain the best talent
  • Be friendly, have fun, and enable a creative environment that naturally drives innovation

5. Summary & Conclusion

We have enjoyed a very successful start to our new business, and we remain hungry and excited about bringing our product to the wider market in 2018. We are full of ideas and passion to deliver ground breaking blockchain technology which can add real value to gambling consumers globally. We now have a business structure in place that will enable us to succeed in the delivery of that vision.

On behalf of the entire FunFair team I’d like to thank all our supporters and advisors for their continued support and trust throughout the year.

Enjoy the holidays, and we’ll see you in the new year.

Thanks for reading!
David Greyling & the FunFair Team


Source: FunFair.io


 

Binance provided us with a invitiation (refferal ID) URL which gives our readers 50% discount on all exchange fees for a whole month. You may use this following URL: [ Register with Binance ]

Guide: How To Get & Exchange TNT (Tierion)

Guide: How To Get & Exchange TNT (Tierion)

EU/US/ASIA Users

 Trading TNT (Tierion) via the Binance.com Exchange

Use the partner link below to join Binance exchange with 50% discount on the fees during the initial full month:

[ GET TNT (Tierion) ]

Binance exchange requires verification?
Verification is optional.

Can I start trading without verification?
Yes. But you may withdraw up to 2 BTC each 24H only while you are unverified.
After verification you can withdraw up to 100 BTC each 24H.

How the support works?
Binance exchange offers a premium quality support to all its customers.
Support offered via email and a live telegram chat to multiple support agents.
Overall, people provide a positive feedback about the customer service experience.




To get TNT / Tierion you will need ETH or BTC

Using BitPanda or CEX.IO Exchange, you can get Ethereum or Bitcoin to fund your Binance Exchange Account. BitPanda Exchange allow you to buy Ethereum and Bitcoin using your credit card / neteller / skrill or a bank account. And CEX.IO exchange allow you to buy Ethereum and Bitcoin using your credit card and a bank account.

To proceed, you may use the partner link below:

[ BitPanda Exchange ] | [ CEX.IO Exchange]

* BitPanda is for EU.
* CEX.IO is global, including Russia.

Guide: What is Cryptocurrency and how to trade it using Binance Exchange

Guide: What is Cryptocurrency and how to trade it using Binance Exchange

Greetings!


Hello everyone! Today crypto currency is the most popular topic, many people afraid about it, other made millions. For whole year we heard that bitcoin is a bubble, but  it raise to $ 500, than $1000, $5000 and …$15000! Sounds crazy, but who cares if it bubble or not if we can earn some money, right? Just remember to be careful and not risk those funds you can’t efford to lose.

As the big bankers and market makers used to say “Time is Money”, bitcoin is indeed a great example of it. Some governments allow and even encourage to use cryptocurrencies and do mining (using computing power to generate more cryptocurrency) and at the same time some completely deny the whole crypto space. As many people believe and we tend to agree, cryptocurrencies and mining technologies should not be limited to the big boys only and must be legalized and open the broad public, anywhere in the world and not just particular countries as it is hapening right now. Most people do not have an idea about all the incredible features and life improving possibilities of the blockchain technology, but looking bit into the future, we can tell almost with a confidence, many indiustrial aspects as we know today will be moving into the cryptocurrency and blockchain sphere. In fact, some of the major banks in Japan, Korea and Europe already heavily testing and some even using the Blockchain technologies.

Some experts tell us it`s high risk investments and we should run away from the cryptocurrency world, but the same happened with money, internet and many other technologies in the past. At first everyone scared, and later on almost no one can live without it. As Vitalik Butern (Ethereum Co-Founder / Developer) said “Cryptocurrency technology can use any person around the world and not just the richest elite” which gives everynoe an equal chance to enter into this industry. Yes it has volatility risks which regular fiat money may not experience at this large scale, but same time the further we go, we will see more and more stable cryptocurrency solutions, less volatilte and more friendly to the everyday use.


Nowadays


This article aims to provide everyone with a little bit more knowledge, for those who seek to learn more about the cryptocurrency and its exchange industry.

First of all, this sphere could be very exciting and mind blowing. So STOP here, relax and get down to the earth.  Don’t dream about being a millionair or quick, easy money since those thoughts are exactly the thoughts which could lead you to the next major mistake. There is almost no regulations or any official federal support to those who choose to use or trade cryptocurrencies. Most governments don`t know yet what to do with crypto and still learning their way to this technology. So be aware, no one will hold you from making your next mistake but your self. Be calm and ALWAYS use your own due diligence before any action you may choose to make in this industry.

Secondly, if you want to make money you must read, read and read by yourself and not believe into some of those so called “gurus”. Because today nobody is a guru! Nobody could be 100% sure, what to do, when to sell or what is the best buy price for those cryptos (BTC/ETH etc..). Therefore, no Guru out there  but your own research and study could help you making your own better decision.


How make money on crypto coins?


You could be an cryptocurrency trader, buy and sell short-term or/and long term transactions at the major cryptocurrency exchange.

If you are in a “eager” mood ad looking how to generate profits RIGHT NOW.  Its better pause the reading here, relax, slow down…and come back to continue and reading this article.

So, hopefully you do indeed take it easy and you want to learn how to trade and buy cryptocurrencies at the major exchange, First of all, you need to choose right exchange. We personally prefer the largely well known Binance Exchange. Because of its phenomenal customer support the fact it has very fast  and friendly verification process and over two million users for the date. Furthermore, those who like, this exchange offer both PC platform and Mobile phone platform, both very fast and smoothly operating.

Binance provided us with a invitiation (refferal ID) URL which gives our readers 50% discount on all exchange fees for a whole month. You may use this following URL: [ Register with Binance ]

For your convinience, we have created a short, strightforward guide how to join and work with Binance Exchange platform, you may see it next below.


Binance Exchange –  First Step:


You can choose the language on the right corner

 

Also you might see Login and Register buttons.

If you don`t have account yet, Go to Binance Exchange [Here], Then, please click on the Register button and you will be transfered to new page where you need to fill up your email, create difficult password, if you have some problem how to create really difficult password, you may use this free password generator tool: Password Generator

Hint: It’s better to create a password with 32 or more length. After you have done with the registration, save your password in a secure location and login to your Binance Exchange back office.

Read carefully Binance Exchange’s Terms of use.  If you didn’t use our referral URL, we will truly appreciate if you put our ID as Referral ID 12150951 . If you will use it, you`ll get a 50% discount for every transaction fee on the exchange for a whole month.

After your registration, you need to check your email and confirm the address through the link. You will transferred to binance page and be able to view your confirmation status.

Now you can log in into your Binance Exchange account.

 

For security reasons Turn on Google Auth and if you like SMS auth also.
If you don`t have Google Authenticator you can download it here

Verification


Verification is the process of verifying the identity using a certain set of documents.
For different exchanges, different requirements. For Binance, verification is not so critical, without it you can run a daily withdrawals of up to 2 BTC a day. But we recommend you to pass the verification. It`s easy, more fast than other exchanges and you will have less limitations.


How to trade with Binance Exchange?


For trading you can click Exchange and choose Basic or Advanced interface.

 

So you open the exchange basic via the top menu and look at the left side for the instrument’s bid and ask prices. For  example, you can look at the NEBL/BTC instrument. You can manage it as you wish.
In the middle you see a chart of the price with common indicators. Below you could find tab Limit, it means you may buy or sell when price reach a certain price value. The market tab, means you will buy or sell on the current market value. In the window. you specify how much of your available funds you want to use. For convenience, you can use the percentage ratio – 25 -50 – 75 or 100%

 

On the right side you could write necessarily crypto pair. Also you can pick pair with BTC, ETH, BNB or USDT.

When you go out, be sure to press Exit or Logout, rather than just closing the tab. So you will be sure that you left your personal cabinet.

It is important to know that crypto trading is a highly risky area and requires proper preparation. We strongly recommend you to read the terms of use the exchanges and examine the risks before trading. You can lose some or all of your initial investment. Do not invest more than you can lose, do not trade using credit funds and take all responsibility for every open transaction.

If you have any questions, we will gladly discuss.

Good luck in your crypto experience!

EuroKampus:  “Why are stable prices important?”

EuroKampus: “Why are stable prices important?”

While this article by EuroKampus isn’t about cryptocurrency, it does explains very well the importance of a stable currency, which is the exact reason why some major Blockchain developers working on a projects such as Kowala kUSD, Tether’s tUSD and StableCoin already working towards such a solution.

Please find the article below:


The main and most important objective of the single monetary policy is to maintain price stability. In addition, it supports general economic policies, such as full employment and sustainable development.

Why is price stability considered to be so important that it is central to the monetary policy of the Eurosystem? Let’s look at some basics!

We speak of price stability if the value of money remains more or less the same over time. A stable currency preserves the consumers’ purchasing power; this means that a given amount of currency will buy you the same amount of goods and services today and in the future. So, purchasing power is a measure of the value of money.

But how can you talk about price stability when sometimes some prices go up while others go down? Well, a certain amount of price fluctuation is quite normal. The crucial point is that the general level of prices should not fluctuate too much over time. This means that we want to avoid both prolonged price increases (inflation) and prolonged price decreases (deflation).


Read more / Source Euro.fi:
Why are stable prices important?


John McAfee: Bitcoin… “is the best long term crypto investment, and I firmly stand by my prediction of $1 million by the end of 2020”

John McAfee: Bitcoin… “is the best long term crypto investment, and I firmly stand by my prediction of $1 million by the end of 2020”

Technology Enthusiast John McAfee states that these who choose to buy Bitcoin and stay within, better keep their bullish orders despite the Bitcoin price drop during the weekend.

John McAfee said: “As I predicted, Bitcoin is rebounding and rapidly climbing after Christmas. It is still, by far, the best long term crypto investment, and I firmly stand by my prediction of $1 million by the end of 2020”