TFS: Fairspin Utility Token
Introduction
Fairspin is a reputable online casino platform with an already established market of over 338,000 users and daily active users number upward of 13,000. Fairspin in partnership with the renowned business tokenization firm "Trueplay" is looking to integrate blockchain on their platform by the tokenization of fairspin online casino platform to replace the existing loyalty programs.
The TFS TOKEN
TFS is the native crypto time that is being used to incentivize the fairspin online casino platform. TFS token will be used to replace the existing loyalty reward on the fairspin casino platform. It is an effort to incorporate blockchain technology on the fairspin casino platform to allow gamers earn additional benefit on the platform through staking, mining and placing of bets.
TFS is the utility token of the fairspin online casino platform, it is an ERC20 token on the ethereum chain and has a total supply of 300 million tokens.
Functions of TFS Token
Utility token
Loyalty reward programs
Incentivizing fairspin platform
How Fairspin is Looking to Integrate Blockchain
In conjunction with Trueplay; a firm that helps businesses develop tokens for their businesses. Fairspiin will build and introduce a token of their own called TFS which will be used to reward users on their platform.
TFS will replace the traditional loyalty rewards on fairspin online casino platform. TFS will provide additional reward for users as users will be earning a TFS reward every time they place a trade, stake their token on the platform to earn more, and earned tokens can be converted to cash through the Trueplay widget that would be introduced on the platform.
Fairspin Ecosystem
TrueMining : The true mining feature allows users earn TFS tokens every time they place a bet on a fairspin online casino. Users can mine more TFS tokens by placing more bets.
TrueStaking : This feature allows users to lock away their token to help improve platform security in a process known as truestaking and then earn more TFS token as a reward depending on the length of time they staked their tokens and up to 37.5% APY..
Trueplay widget: The widget provides a simple interface for the TFS token holders to purchase, deposit, transfer or sell their tokens .
Tokenization
The fairspin casino token TFS is a deflationary token built on the ethereum chain and has a fixed supply of just 30,000,000 tokens. The team would introduce a monthly buy back from the token supply and lock it away to further increase the token scarcity and in return drive the price of the token up.
TFS will be used as the utility token of the fairspin casino platform android addition will serve the purpose of incentivizing the casino platform. TFS will be the fuel driving the fairspin online casino.
Token Ticker: TFS
Chain: ERC 20
Total Supply : 30,000,000
Conclusion
With a reputable company like fairspin adopting blockchain, it shows how far the technology has come and should be a success with fairspin with an already established market to embrace the new token.
For more information and resources:
https://twitter.com/tfsinfo?s=11
Proof of authentication link: https://bitcointalk.org/index.php?topic=5350573.msg57530450#msg57530450
BSC WALLET ADDRESS: 0x8BCF0166E04085dcE209b203e3ac19D65Cd0D3ca