{"version":1,"id":"funtoken","title":"FUNToken","summary":"FUNToken is a cryptoasset token that functions as a utility token for a decentralized gaming and GameFi ecosystem, operating primarily on Ethereum with companion assets and multi-chain integrations.","content":"**FUNToken** (ticker: FUN) is a [Web3](https://iq.wiki/wiki/web3) [utility token](https://iq.wiki/wiki/utility-token) built primarily on the [Ethereum](https://iq.wiki/wiki/ethereum) [blockchain](https://iq.wiki/wiki/blockchain) and designed to power a decentralized gaming, online-gambling, and digital-entertainment ecosystem. It originated in an [Initial Coin Offering (ICO)](https://iq.wiki/wiki/initial-coin-offering) launched in June 2017 by [FunFair](https://iq.wiki/wiki/funfair) Technologies, a company founded in 2013, and has since developed into a dual-asset system that pairs FUN on [Ethereum](https://iq.wiki/wiki/ethereum) with a counterpart token, XFUN, on the [Polygon](https://iq.wiki/wiki/polygon) network.[[1]](#cite-id-5eiuhzcdm0) The project positions itself within the GameFi and iGaming sectors, and self-describes as \"the leading iGaming token globally\" with \"over 350,000 users.\"[[2]](#cite-id-dbvbvxhrc0)​\n\n## Overview\n\nFUNToken is described by its developers as a blockchain-powered, decentralized gaming platform intended to enhance the gaming experience through wager games, with a stated mission to bring entertainment, innovation, and rewards to [Web3](https://iq.wiki/wiki/web3) gaming and to create a unified, seamless experience for players.[\\[5\\]](#cite-id-9g7o8drjpp) The project argues that the gaming industry is fragmented—with payment processing, streaming, and marketplaces spread across separate platforms—and claims to consolidate these functions into a single integrated ecosystem \"housed under one roof.\"[\\[5\\]](#cite-id-9g7o8drjpp)​\n\nAccording to a CMC AI article published on 12 September 2026, FUN is positioned to serve as the primary currency for blockchain-based games, casinos, and social rewards, integrating GameFi with [decentralized finance (DeFi)](https://iq.wiki/wiki/defi). The article describes the project's flagship product as an AI-powered Telegram bot that lets users earn FUN tokens through quizzes, tasks, and games without initially needing a [crypto wallet](https://iq.wiki/wiki/cryptocurrency-wallet), a \"play-first\" approach intended to onboard millions of casual users and bridge Web2 gamers into [Web3](https://iq.wiki/wiki/web3).[\\[3\\]](#cite-id-vrb5bt6thq) The project's own materials emphasize non-custodial wallets in which users retain their private keys, gas-free in-game transactions, and on-chain verification of every transaction.[\\[6\\]](#cite-id-qd7i2nfv5n)​\n\n## History\n\nFUNToken's origins trace to [FunFair](https://iq.wiki/wiki/funfair) Technologies, founded in 2013 as the parent behind the project. FunFair launched an [ICO](https://iq.wiki/wiki/initial-coin-offering) for FUNToken in June 2017 that raised $26 million, and it unveiled its inaugural casino in 2018.[\\[1\\]](#cite-id-5eiuhzcdm0) The token was initially issued with a maximum supply of 17 billion tokens drawn from its pre-sale, of which more than 80% were distributed during that event. A planned second sale was later canceled, which led to 55% of the reserved tokens being burned; the remaining reserved tokens were acquired by new owners in 2021.[\\[1\\]](#cite-id-5eiuhzcdm0)​\n\nBy late 2020, regulatory challenges in certain regions forced a temporary halt to [FunFair's](https://iq.wiki/wiki/funfair) casino operations. In the following year, the project reported continued community and developer support, with updates aimed at strengthening the token's integration and utility, and it announced partnerships with the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) payment gateway Now Payments and an integration with Guardarian, described as an EU-sanctioned payment gateway, enabling direct trading of FUN through multiple payment channels.[\\[1\\]](#cite-id-5eiuhzcdm0)​\n\nA pivotal shift in the token's ownership occurred in March 2020, when FreeBitco.in acquired the majority of FunFair's remaining cold-storage FUN tokens. According to project accounts, the cold storage held 4.45 billion FUN, of which FreeBitco.in acquired 3.75 billion tokens, giving it a controlling share and effectively transferring stewardship of the project.[\\[4\\]](#cite-id-1e6pwh8nk7)​[\\[2\\]](#cite-id-dbvbvxhrc0) FreeBitco.in, established in 2013 and described as the largest [Bitcoin](https://iq.wiki/wiki/bitcoin) faucet in the world, subsequently took an active role overseeing and managing the project's direction.[\\[2\\]](#cite-id-dbvbvxhrc0)​\n\n## Technology and Dual-Token Architecture\n\nFUN is an [ERC-20](https://iq.wiki/wiki/erc-20) token on [Ethereum](https://iq.wiki/wiki/ethereum), a standard the project states was chosen for its security and broad compatibility. Its contract address on Ethereum is 0x419d0d8bdd9af5e606ae2232ed285aff190e711b.[\\[2\\]](#cite-id-dbvbvxhrc0) The ecosystem uses a dual-token architecture: FUN circulates on Ethereum for trading, while XFUN operates as a [Layer 2](https://iq.wiki/wiki/layer-2) token on the [Polygon](https://iq.wiki/wiki/polygon) network to enable instant, gas-free in-game transactions. The two tokens maintain a 1:1 value relationship and are bridged through the non-custodial XFUN Wallet, allowing users to swap between them.[\\[3\\]](#cite-id-vrb5bt6thq)​[\\[1\\]](#cite-id-5eiuhzcdm0)​\n\nXFUN is intended for advanced gaming ventures and decentralized gambling fund management, offering faster on-chain transactions at lower fees than FUN on [Ethereum](https://iq.wiki/wiki/ethereum). The project describes migrating gaming activity onto the [blockchain](https://iq.wiki/wiki/blockchain) as a way for players to retain control over their funds and reduce the risks posed by operators.[\\[1\\]](#cite-id-5eiuhzcdm0) Beyond Ethereum and [Polygon](https://iq.wiki/wiki/polygon), the project has also extended to Binance Smart Chain (BSC); its roadmap lists a \"Multi-Chain Expansion (Complete)\" milestone covering the launch of the FUN token on BSC to increase transaction speed and reduce fees. The project describes this dual- and multi-chain approach as broadening accessibility and flexibility for users across ecosystems.[\\[7\\]](#cite-id-czms2w2a9l)​[\\[5\\]](#cite-id-9g7o8drjpp)​\n\nThe [smart contract](https://iq.wiki/wiki/smart-contract) received a [CertiK](https://iq.wiki/wiki/certik) \"AA\" audit rating in July 2025, which the project states confirmed the contract's [immutability](https://iq.wiki/wiki/immutability) and that no new tokens can be minted, with ongoing monitoring performed through CertiK's Skynet system.[\\[3\\]](#cite-id-vrb5bt6thq) CertiK's rating for the token is listed as 4.3.[\\[8\\]](#cite-id-0741z5qi9v)​\n\n## Tokenomics and Deflationary Model\n\nThe total and [circulating supply](https://iq.wiki/wiki/circulating-supply) of FUN is fixed at approximately 10.84 billion tokens.[\\[3\\]](#cite-id-vrb5bt6thq) As of September 2023, the project reported a total supply of 10,977,277,070 units and a circulating supply of 10,962,808,529.[\\[1\\]](#cite-id-5eiuhzcdm0)​\n\nCentral to the token's economics is a deflationary burn mechanism. The project uses 50% of platform revenue—described in some accounts as 50% of platform profit—to buy back and permanently burn FUN tokens every quarter, a process the project states is verified on-chain.[\\[3\\]](#cite-id-vrb5bt6thq) The dual-asset deflationary ecosystem is shared between FUN and XFUN, and the burn policy draws on the in-house revenue of the ecosystem's gaming operations.[\\[2\\]](#cite-id-dbvbvxhrc0) A specific burn of 25 million FUN tokens was reported in June 2025 as an on-chain-verified example of the mechanism in operation.[\\[3\\]](#cite-id-vrb5bt6thq) The project ties the token's value to ecosystem usage through this transparent, deflationary structure.[\\[4\\]](#cite-id-1e6pwh8nk7)​\n\n## Ecosystem and Products\n\nFUNToken is presented not merely as a token but as an ecosystem intended to foster the growth of the GameFi industry through vertical integration that simplifies game development and distribution.[\\[5\\]](#cite-id-9g7o8drjpp) Its products and applications include:\n\n* **XFUN Wallet** — a non-custodial wallet supporting FUN, XFUN, other [ERC-20](https://iq.wiki/wiki/erc-20) tokens, and [Bitcoin](https://iq.wiki/wiki/bitcoin), operating across [Ethereum](https://iq.wiki/wiki/ethereum) and [Polygon](https://iq.wiki/wiki/polygon), allowing swaps between FUN and XFUN while users retain their private keys.[\\[1\\]](#cite-id-5eiuhzcdm0)\n* **DPLAY Casino** (dPlay Casino) — a dApp-based crypto casino integrating XFUN and other cryptocurrencies, paired with the XFUN Wallet for user authentication.[\\[1\\]](#cite-id-5eiuhzcdm0)\n* **XFUN Bet** — a blockchain-based sportsbook that eliminates traditional deposits and withdrawals.[\\[1\\]](#cite-id-5eiuhzcdm0)\n* **FunHub** — an upcoming mobile app bringing \"fun and fast-paced wager games\" into a single application, whose development the project has listed as being finalized.[\\[5\\]](#cite-id-9g7o8drjpp)[\\[7\\]](#cite-id-czms2w2a9l)\n* Decentralized games including Raffle, Dice, and Blackjack, alongside a range of mini wager games and an XFUN Arcade.[\\[7\\]](#cite-id-czms2w2a9l)[\\[9\\]](#cite-id-g1gepxm9qe)\n\nThe project's central relationship is with FreeBitco.in, established in 2013 and characterized as the largest [Bitcoin](https://iq.wiki/wiki/bitcoin) faucet in the world, which both holds a majority of FUN tokens and helps direct the project. Holding FUN within FreeBitco.in is said to confer increasing benefits, and successful ecosystem ventures are described as gaining access to FreeBitco.in's network of over 50 million crypto users.[\\[1\\]](#cite-id-5eiuhzcdm0)​[\\[4\\]](#cite-id-1e6pwh8nk7) Other named partners and integrations include Now Payments and Guardarian for payment access, and Travala.com, described as a [blockchain](https://iq.wiki/wiki/blockchain)-based travel booking platform.[\\[1\\]](#cite-id-5eiuhzcdm0) The CMC AI account also names FreeBitco.in among the project's partnerships with gaming studios and platforms.[\\[3\\]](#cite-id-vrb5bt6thq) More recent ecosystem work has included an integration of [Shiba Inu](https://iq.wiki/wiki/shiba-inu) (SHIB, an [ERC-20](https://iq.wiki/wiki/erc-20) token) for conversions.[\\[2\\]](#cite-id-dbvbvxhrc0)​\n\nTo encourage third-party development, FUNToken established the FUN Token Seed Fund, which allocated 20 million FUN tokens earmarked in tranches of 500,000 across 40 projects to spur dApps to build applications that expand the token's utility.[\\[1\\]](#cite-id-5eiuhzcdm0) On 24 August 2023, the official FUNToken blog announced that the Seed Fund had received 3,500 applications; Sabine Ross, the Business Development Head of FUNToken, was quoted expressing enthusiasm and reiterating the project's commitment to innovation.[\\[1\\]](#cite-id-5eiuhzcdm0)​\n\nThe project's roadmap previously described an upcoming phase for the XFUN Wallet in which it would enable gas-free transactions at dPlay Casino and unlock a suite of decentralized wager minigames; the live XFUN Wallet is presented as fulfilling this role and as simplifying onboarding for both developers and players.[\\[6\\]](#cite-id-qd7i2nfv5n) Several [dApps](https://iq.wiki/wiki/decentralized-application) on [Polygon](https://iq.wiki/wiki/polygon)—spanning sports games, arcade games, and random number generator (RNG) games—are described as using XFUN.[\\[4\\]](#cite-id-1e6pwh8nk7) Common use cases across the ecosystem include in-game currency for transactions, management of bets, payouts and player rewards in casinos, [staking](https://iq.wiki/wiki/staking) to earn incentives on some platforms, decentralized gambling fund management via XFUN, and interoperable swaps between FUN and XFUN.[\\[1\\]](#cite-id-5eiuhzcdm0)​\n\n## Governance and the FUN100x Foundation\n\nIn August 2025, the project launched the FUN100x **Foundation**. The foundation is backed by a $10 million community-governed grant pool used to fund [decentralized autonomous organizations](https://iq.wiki/wiki/dao) (DAOs), [decentralized applications](https://iq.wiki/wiki/decentralized-application), and open-source tools.[\\[3\\]](#cite-id-vrb5bt6thq) Governance is described as increasingly community-led through the foundation, with token holders voting on funding proposals in a model intended to shift control away from centralized entities.[\\[3\\]](#cite-id-vrb5bt6thq)​\n\n## Developments\n\nThe project's roadmap for 2026–2027, presented under the heading \"The FUN Grand Plan,\" describes FUNToken as evolving beyond gaming into a broader on-chain digital economy. It frames the ecosystem as combining GameFi, [AI agents](https://iq.wiki/wiki/ai-agents), [DeFi](https://iq.wiki/wiki/defi) automation, cross-chain liquidity, and tokenized real-world assets into what it calls \"a decentralized economy powered by FUN,\" with a stated goal of making crypto income globally accessible by uniting gaming rewards, autonomous AI agents, and decentralized asset markets.[\\[10\\]](#cite-id-5fhe7kqjzr)​\n\nEarlier project roadmaps outline additional planned milestones. Future items the project has said it plans to pursue include expanded mini wager game offerings, a full rollout of the FunHub mobile app, enhanced [NFT](https://iq.wiki/wiki/non-fungible-token-nft) features with marketplace functionality for trading digital assets, expanded partnerships with global iGaming operators and developers, and community-driven features such as interactive events and exclusive tournaments.[\\[7\\]](#cite-id-czms2w2a9l) The project describes itself as committed to continuous growth and innovation, with a focus on enhancing gameplay, expanding platform features, and integrating new technologies.[\\[7\\]](#cite-id-czms2w2a9l)​","categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"Token"},{"id":"UtilityToken"},{"id":"Ethereum"}],"images":[{"id":"QmSMhdoZc7Qg9XRn1PDxg3zhTFff4wGCt6fTGw8uDJjsfq","type":"image/jpeg, image/png"}],"media":[{"id":"QmXkNKojskkREK8X4P4Zzwdt4d96kMmmuYYCstazEQzKT2","name":"Cópia de Design sem nome 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