Bitcoin went mainstream in the last four years, and with it, many online casinos began to accept cryptocurrencies. The key advantage of blockchain technology being used in the online betting, gambling, and casino sector is that it provides transparency in database transactions. And while players are typically skeptical, possibly assuming it was a scam site, by using blockchain they can see exactly how the transactions are processed, solving this problem. Using blockchain, if you lose your money you can see where it goes in the system. This means you can see exactly how much the website earns from your deposit, and how trustworthy the site is.
In the coming years, the use of blockchain in online betting or casinos will accelerate and become even more mainstream. We are already seeing projects that are disrupting the space by basing their infrastructure entirely on blockchain payments. This gives complete peace of mind to their players and is proving increasingly popular. Amongst such projects is one name is TFS(Fairspin)
What is Fairspin?
Fairspin is all about honesty and providing a reliable online crypto casino experience to their clients. Fairspin is powered by the blockchain developers at Trueplay. Trueplay capitalizes on the latest distributed ledger technologies, making the process of player activity tracking completely easy and transparent for any party involved. This transparency makes sure that all the outcomes of your casino games are fair. Their names come from fair casino spins and they live up to that expectations. Fairspin accepts deposits in crypto and fiat, still using the ERC20 token as a unique currency to track all transactions.
Now Fairsspin utilizing TruePlay’s complex technology and will grant us access to its ecosystem and open new possibilities to us and players alike with the release of the TFS token.
What is the TFS token?
TFS token is a new digital currency that will serve as a standard payment method at Fairspin online casino with over 338,000 real users and a net profit of $4,5 mln.
TFS is a deflationary model token with a limited supply that is regulated by smart contracts and a monthly buyback in which a certain percentage of tokens are withdrawn from circulation.
TFS will replace the current loyalty program within the casino and offer additional ways of rewarding players and investors alike with trueMining & trueStaking program
Easy to use Widget for token holders! Deposit, trueStake,exchange and withdraw your funds anytime! TFS tokens are credited to a user’s account as a reward directly after placing a bet Staking of tokens is allowed more than 37,5% annual reward TFS token has a deflationary model componentTFS token can be deposited, staked and withdrawn at any time directly with Trueplay platform Mining of tokens is allowed.
Mine TFS tokens for
keep playing on Fairspin
Use the trueStake option
to multiply TFS tokens
Withdraw, buy or sell
Easy to use Widget for token holders! Deposit, trueStake,
exchange and withdraw your funds anytime!
Key Points of the TFS token
● TFS is an ERC20 token.
● trueMining of tokens is allowed. TFS tokens will be credited to all users at the end of the playday as a reward for playing.
● trueStaking of tokens will become available via the TruePlay widget in the platform’s dashboard.
● The emission of tokens is regulated by smart contracts that will generate a certain amount of TFS tokens based on the current exchange price and the daily GGR in the platform.
● TFS is a deflationary token with a limited supply, meaning it offers a limited total supply of tokens and a regular monthly buyback in which a certain percentage of tokens is withdrawn from circulation.
TFS token is a new digital cryptocurrency that will be used within the platform as a standard payment method and open up new opportunities to reward players for playing at Fairspin.
Allocation of Tokens
Allocation of tokens is divided into 4 stages:
The distribution of TFS will kick off with 3 rounds of a Private Sale, Pre-Sale and a Dutch Auction with a limited supply of 15 million tokens listed for sale.
Token price on each rounds will be set at:
● 0,1 $ on Private Round
● 0,15 $ on Pre-Sale Round
● On Dutch Auction price starts from 1 $ with 0,2 $ as a reserve price.
After the sale of tokens is complete a pool of 10–20% of tokens sold at the auction will be moved to Uniswap with the final auction price increased by 50–100%.
The token staking program is unlocked via the FairSpin dashboard where you can store your tokens for profit
1 day — Reward pool 1% from FairSpin GGR
3 days — Reward pool 3% from FairSpin GGR
7 days — Reward pool 8% from FairSpin GGR
Token distribution program will be announced with a limited emission to 20% instantly and 2% every week, which users can claim anytime.
TFS is a digital currency that will serve as an alternative payment method within the platform and will open up new opportunities to reward players for actively playing and using TFS tokens within and beyond the boundaries of the platform. Our partnership with TruePlay has helped us mark our loyalty program as well as introduce new features to the platform that will attract new users globally. We are excited to invite you all on this journey with us and lead the way towards the future of Fairspin crypto. I also believe that this project can achieve great success in the future.
For more information, visit the link below|
● Website: http://tfstoken.com/
● Twitter: https://twitter.com/tfsinfo?s=11
● medium: https://tfstoken.medium.com/
● Telegram Channel: https://t.me/tfstoken_channel
● Telegram groups: https://t.me/tfstoken_group
Bitcointalk username: arif90900
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2860264
Bsc wallet address: 0x4684D5425202BfcD37EbC6d48A6705E16FfbFFd4