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FUNToken has created a new layer two token on Polygon dubbed XFUN to further increase iGaming speed and transparency while significantly cutting transaction costs.
XFUN will become the token behind dPlay Casino, replacing FUN, and will be used in several new gambling ventures over the next six months including a new XFUN Casino, a fully on-chain poker room, and a sportsbook.
All FUN tokens in use on Freebitco.in (FBC) premium membership program will be moved to XFUN wallets on launch, bringing over 170,000 premium members holding over 430M FUN to XFUN.
FUN currently has around 86,000 token holders.
Within the first month of XFUN, more than 10 percent of the FUN Token circulating supply will likely be escrowed into XFUN.
XFUN benefits from the increased performance and lower latency on the Polygon blockchain system.
To mint XFUN, FUN tokens are escrowed 1:1 from the Ethereum Main-net and removed from trading circulation.
XFUN will be made available only through the XFUN Wallet.
Adriaan Brink, Funtoken CEO, said XFUN will change the dynamics of FUN and bring them to the next level in their journey.
