Fairspin Players Won Almost USD 7m in 2019
Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists.
Online casinos have existed for almost as long as the internet itself, and a growing number of them now utilize the blockchain technology for increased transparency and security. However, not many can say that their players have won over 42,893 ETH in 2019, which corresponds to almost USD 7 million, with the biggest win of 54 ETH (around USD 8,700 at the time of writing). Fairspin, however, can.
The growing online blockchain casino, previously known as Fairplay, is seeing some big bucks being won on a daily basis. Its website offers insight into the amount of TPLAY tokens won in each game, with the numbers sometimes coming to a million TPLAY. Since 1,000 TPLAY corresponds to 1 ETH, the math is pretty straightforward: that’s more than USD 162k won in one game.
But you can’t win if you don’t play. If it’s the usage of cryptocurrencies keeping you away - if you’re not very comfortable using crypto to make deposits - you can do it in fiat as well, and the platform is using the aforementioned TPLAY, an ERC20 token, as a unique currency to track all transactions. This means all transactions are saved on the blockchain, making the process extremely transparent and secure due to the technology’s immutability.
The top 3 single-day wins of the past month
1. $1,177 won by a player on Dec 19, 2019.
The biggest single-bet win – $875 from an $8 bet in the Jack and the Beanstalk game.
The player withdrew $1,122 the next day.
2. $999 won by a player on Jan 11, 2020.
The biggest single bet win – $1,176 from a $12 bet in the Warlords: Crystals of Power game.
The player withdrew $3,525 the same day.
3. $736 won by a player on Dec 25, 2019.
The biggest single bet win – $425 from a $2 bet in the Jewel Fruits game.
The player withdrew $2,145 the next day.
Whether or not you will receive your payout is not subject for debate - in order to mitigate the risk of human error, malignant or otherwise, Fairspin uses a concept called Honesty Control, which - among other things - includes the usage of smart contracts to manage prize funds. You can also check the casino’s balance on the blockchain, so you have no worries about whether they’re able to transfer you your winnings. The games are licensed, and even if you’re using fiat, your deposits are automatically converted to TPLAY, which means it is still trackable on the blockchain.
Fairspin is only a year old, but it is already making a name for itself. This includes their participation in the SiGMA iGaming Expo in Malta back in November, alongside Trueplay and eGaming Curaçao, as exhibitors. The event is considered of world-class importance for the betting industry, with more than 400 exhibitors and 15,000 participants coming from 80+ countries.
This comes on the tail of previous achievements, which include being nominated in the Rising Star category of both EGR Operator Awards and SBC Awards under the name of Fairplay. The name change also has its place in the company’s vision: “ The new name – Fairspin – better represents what our product brings. Each spin in every game is recorded on blockchain. This allows players to track all gaming stats and be sure of getting fair payouts,” said the Fairplay team.
Still worried about the accessibility of the gaming platform? You should know that it is available in English, Spanish, German, Portuguese, Russian, Japanese, Turkish, and Polish. If you enjoy betting and like the perks blockchain brings to this area, Fairspin is your new favorite place to be!