Faireum

Faireum

Created using Figma
Created using Figma
Faireum is a public blockchain which focuses on the problems of the online gambling industry and resolves them with a set of protocols that provides a decentralized, low-cost, transparent and secure gambling experience. To achieve this, Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games, digital games and countless more. A smart client also works alongside Faireum’s protocols, called a Faireum node, which helps provide users with a safe, seamless and always-on experience in playing all the games they wish to play.
PUBLIC SALE
Jun 1, 2019
Jun 30, 2019
100% completed
Raised funds - no Data
Cap 2 500 000.00 USD
Hard cap 25 000 000.00 USD
past
PRESALE
Mar 25, 2019
Apr 24, 2019
100% completed
Raised funds - no Data
past
Token Details
Ticker
FAIRC
Total supply
1,200,000,000 FAIRC
Accepted Currencies
ETH
Company Details
Registered Country
Singapore
Additional Details
MVP/Prototype
Yes
KYC
Yes
Categories
Platform, Blockchain

About Faireum

A Fair Gambling Blockchain Network for All  Faireum is a public blockchain which focuses on the problems of the online gambling industry and resolves them with a set of protocols that provides a decentralized, low-cost, transparent and secure gambling experience.

To achieve this, Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games, digital games and countless more.

A smart client also works alongside Faireum’s protocols, called a Faireum node, which helps provide users with a safe, seamless and always-on experience in playing all the games they wish to play.

Basic Framework  Faireum develops its industry-level public blockchain to provide the technological basis for its platform.

The Faireum blockchain ecosystem encompasses ledger nodes, P2P networking, a virtual machine for Smart Contracts and a set of rules for token distribution, which includes token reward, payment gateway, digital asset exchange and cross-chain atomic swap.

Features

Faireum Blockchain Solutions

Faireum is a blockchain platform with an Application Programming Interface (API) that is suitable for third-party business providers to access through the consensus mechanism and the Faireum Virtual Machine (FVM). The Faireum main blockchain uses the Web Assembly (WASM) virtual machine as the default runtime for smart contracts and Byzantine Fault Tolerance (BFT) + Delegated Proof-of-stake (DPos) as the consensus mechanism.

The random number from Faireum blockchain is not just data that can be deduced from the program. Combined with the block hash and zero-knowledge proofs, it is not possible to deduced or predict our random number generator by using an inverse. We refer to this algorithm as Zero Random Algorithm (ZRA).

In addition to ZRA algorithm, the Faireum blockchain is pre-configured with several other Random Number Generators (RNGs), including Faireum Random Digital (FRD), dedicated to digital games, Faireum Random Casino (FRC), dedicated to casino games, and a dynamic probability balance index generator, called Faireum Dynamic Betting (FDB), which is preset for real-time results such as sports quizzes.

Faireum Roadmap

  • 2017 Q1-Q4

  • Research
    Market research
    Prototype design
    Preparations for gambling license
  • 2018 Q1-Q3

  • Preparations
    Angel funding
    Brand registration
    White paper
  • 2018 Q4

  • Technical upgrade
    New website
    Cross-chain & ZKP RNG design
    Game protocol design
    Faireum framework design
  • 2019 Q1

  • MVP
    ICO preparation
    Game platform
    Faireum games
  • Read More
  • 2019 Q2

  • Framework development
    Exchange listing
    Test network development
    Alpha game protocol
    Partial Faireum games development
  • 2019 Q3

  • Further development
    Faireum blockchain layer development
    Faireum wallet development
    Partial Faireum games testing
  • 2019 Q4

  • TestNet online
    Test network online
    Partial Faireum games release
  • 2020 Q1

  • Upgrade Faireum
    Upgrade main network
    Upgrade Faireum wallet
  • 2020 Q2

  • Module extend
    Faireum VM design/development
    Completion of the Faireum RNG
  • 2020 Q3-Q4

  • MainNet online
    Faireum MainNet online
    Release Faireum wallet
    Release Faireum smart contract
    Mainnet token registration
  • 2021 Q1

  • Faireum Environment
    Faireum platform online
    Faireum gambling foundation
    Faireum environment extension

Activity

Posts:
210
MEDIUM
Followers:
2 740
MEDIUM
Likes:
2 173
MEDIUM
Rating:
5
VERY HIGH
Followers:
2 450
MEDIUM
Tweets:
250
MEDIUM
Fake Users Detected:
14.30%
30 Days Growth:
-52
Members:
8 007
HIGH
30 Days Growth:
-956
Alexa

Rank:
618 336
LOW
Delta:
-1 908 654
Year commits:
174
Watchers:
3
Stars:
3
Forks:
1
Open issues:
0

Faireum Team

Verified 5%

Attention. There is a risk that unverified members are not actually members of the team

Genesis Gil Bulan
Content Writer
unverified
Yhoreneo Posada
Operating Manager
unverified
Andriy Cholak
Blockchain Developer
unverified
Vladimir Solin
Product Manager
unverified
Anna Vynokurova
HR Generalist
unverified
Vince Howard
Marketing Expert
unverified
Galina Mikova
Head of content
unverified
Ishihara Yoshihiko
CEO
unverified
Evan Dai Shore
COO
unverified
Jixing Jin
CIO
verified
Jun Fei Yap
CMO
unverified
Mykola Vdovychenko
Legal Expert
unverified
Maxim Byakow
Technical Team leader
unverified
Valeria Boykova
Head Of Design
unverified
Veliulla Liumanov
Art Leader
unverified
Mykola Melnyk
Frontend developer
unverified

2 ICO

$14 627 210

Denys Krolevetskyi
DLT developer
unverified
Alina Zorilo
Frontend developer
unverified
Dmytro Dubsky
Backend developer
unverified
Mark France
Blockchain Developer
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Nicolas Fleiderman
IGaming advisor
unverified
Eugene Lavrinenko
IGaming Advisor
unverified
Marcin Zduniak
Blockchain Advisor
unverified
Gregory Tkach
Blockchain Advisor
unverified

Faireum Interviews

Jixing Jin
As a team member, сan you tell us about your role in the ICO project?
I'm the CIO of Faireum project. I've over 10 years experience in gaming software development, management, online promotion, and customer management. I am also a specialist in the Asian market.
What do you think about idea?
"Faireum is an industry-level public blockchain that will revolutionize online gambling platforms." And I personally love the idea of bringing fairness to the gaming industry to a whole new level. I strongly believe this project will revolutionalize the entire industry.

Faireum Last News

N/A
5.0 17
ICO Profile Vision Activity Potential Product Team

Faireum Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

By creating a new blockchain and a set of protocols with custom features to meet online gambling requirements, Faireum introduces a platform that is trustful, borderless, secure, and fast for blockchain-powered online gambling.

PROS:

  • The Faireum gambling platform runs on top of Faireum blockchain and its protocols, to support a new generation of gambling DApp compatible with all of the WASM blockchain contracts written by high-level programming languages to deliver a wide range of fair game content from an open developer marketplace.
  • A lottery on the Faireum platform is exclusively based on a smart contract, which can involve the Oracle service. Based on different types of lottery games, Faireum can provide users with blockchain lottery games with a maximum RTP (Real-time Transport Protocol) of 100%. Faireum's official gaming platform will also launch various types of blockchain lottery games based on Faireum and provide a completely transparent lottery mechanism.
  • Faireum provides a sports betting facility without a bookmaker, which acts more as a betting exchange. Many bettors are unaware of the opportunities of trading with betting exchanges rather than with bookmakers. A betting exchange, apart from offering more opportunity for a bettor to trade their position, provides more value and more flexibility by allowing bettors to set their own RTP.
  • The Faireum Blockchain provides a B2B solution for all online/offline Casinos with chips and cash management. Together with Faireum token, FairCash and all coin-related protocols, the Faireum Blockchain provides a very flexible way to manage credit, score and coins. All of the business processes and related data will be recorded onto the ledger of blockchain where it will provide full transparency for the core business logic of casino.
  • More and more players being attracted to gaming thanks to the huge promotion of the Freemium model. Freemium is a business model where the majority of users are provided with the basic services for free, while a small portion of users consume advanced (premium) services for a fee. The Freemium model helps the rapid expansion of the user base of services and assists in attracting large numbers of premium customers.
  • Faireum solves the two biggest issues in the online gambling industry related to money laundering and tax avoidance. The Faireum blockchain-based gaming network proposes a fair and transparent ecosystem, but also a legal environment that can be regulated.
  • The Faireum concept is one-of-a-kind in that it features a unique technology, called RCM (Rewarding by Contributing Model), which will reward contributors through a token reward mechanism.
  • Faireum token can be used to play games, pay for services or reward contributors. Faireum will define a standard fiat currency protocol for FairCash that is separated from the instant, encrypted payment channels that Banks provide. FairCash in Faireum will not be issued out of thin air, and all FairCash in Faireum ecology will be supported by the capital pool of Faireum token reserved by Faireum and the income generated in Faireum blockchain network operation.

CONS:

  • A transfer fee will be charged for player betting and there will be some charges if developers make profits in the games. Users, including business entities, need to pay a network fee to the nodes to use any service on the Faireum platform. An amount of fees is unknown.
  • Faireum is still in the development phase and is not a finished product that is ready to be released at any time.
  • The platform does not provide any guarantee regarding the value of FairCash, or its stability.

SUGGESTIONS:

  • Provide clear information about the amount of charges for corresponding services.
  • Develop and improve the Faireum concept to make the project competitive and successful.
  • Provide token holders with warranties associated with the value of the FairCash token.

NOTE:

Faireum is the next generation ecosystem. Faireum provides third-party developers with a completely trusted and decentralized blockchain gaming operation mode and improves users' gaming experience with this mode. By building on top of existing frameworks of the blockchain assets protocols, our applications will be able to be deployed in a peer-to-peer environment, with complete fairness, transparency and visibility. I believe Faireum is revolutionary and can change everyone’s expectations of how fair and fast applications and gaming can be. That is why I would like to invest in it.

Read More
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