Faireum (FAIRC) ICO Rating, Reviews and Details

Market

Pair

Price

Volume 24H

24H (price)

24H (volume)
P2B

Pair FAIRC/BTC 3 one year ago

Market $ 0.0006

Volume 24H $ 3.415 K

24H (price) -

24H (volume) -

PUBLIC SALE

Jun 1, 2019

Jun 30, 2019

100% completed

Raised funds - no Data

2 500 000.00 USD

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

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

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

Faireum Team

Verified 5%

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

Genesis Gil Bulan

Content Writer

Yhoreneo Posada

Operating Manager

Andriy Cholak

Blockchain Developer

Vladimir Solin

Product Manager

Anna Vynokurova

HR Generalist

Vince Howard

Marketing Expert

Galina Mikova

Head of content

Ishihara Yoshihiko

CEO

Evan Dai Shore

COO

Jixing Jin

CIO

verified

Jun Fei Yap

CMO

Mykola Vdovychenko

Legal Expert

Maxim Byakow

Technical Team leader

Valeria Boykova

Head Of Design

Veliulla Liumanov

Art Leader

Mykola Melnyk

Frontend developer

2 ICO

$14 627 210

Denys Krolevetskyi

DLT developer

Alina Zorilo

Frontend developer

Dmytro Dubsky

Backend developer

Mark France

Blockchain Developer

Advisors

Verified 0%

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

Nicolas Fleiderman

IGaming advisor

Eugene Lavrinenko

IGaming Advisor

Marcin Zduniak

Blockchain Advisor

Gregory Tkach

Blockchain Advisor

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

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.