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FreeBitco.in Takes the Reins of FUN in Multi-Million Dollar Token Acquisition

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FreeBitco.in Takes the Reins of FUN in Multi-Million Dollar Token Acquisition
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Through a series of ventures, FreeBitco.in seeks to promote the mass adoption and utilization of FUN Token in the iGaming and Gaming spaces.

FreeBitco.in, one of the biggest Bitcoin iGaming websites in the world, has acquired the majority of FunFair’s remaining cold storage of FUN tokens, the native cryptocurrency of the FunFair gaming ecosystem. The cold storage holds 4.45 billion FUN Tokens and FreeBitco.in has acquired 3.75 billion tokens.

Through this acquisition, FreeBitco.in plans to invest in the token’s long-term development.

“Since 2013, FreeBitco.in’s goal has always been to provide online gaming enthusiasts with a frictionless, transparent, and truly fair experience,” said a statement by FreeBitco.in. “There’s no better fit than the FUN token to help us significantly enhance our efforts.”
The FUN Token
Since 2017, FunFair Technologies has been striving to deliver a guaranteed fair, decentralized gaming experience to the mass market through blockchain technology utilizing the FUN token.

“Despite several industry firsts and significant milestones in proving that use case, it has recently become apparent that FreeBitco.in has developed a different and superior use case for the FUN token,” said a statement released by FunFair.

This announcement refers to FreeBitco.in’s Premium Membership Program; a feature that incentivizes FreeBitco.in users to buy and hold FUN tokens for significant benefits. This activity has driven considerable volume into the token economy without the burden of significant on-chain transactions.

“There’s no doubt that FreeBitco.in’s customers are currently generating the bulk of FUN token commercial activity rather than FunFair’s customers,” continued the statement.

“With this in mind and for the token economy to maintain its recent success, FunFair has agreed to sell the majority of their FUN token holdings to FreeBitco.in.”

FUN is an ERC20 token listed on major exchanges Binance, BitFinex, HitBTC, Changelly, and OKEx, as well as decentralized exchanges like Uniswap.
FreeBitco.in’s Vision for FUN
FreeBitco.in aspires to grow the FUN token as an independent entity through a series of upcoming projects.

“Our sole objective, as of now, is to work to increase FUN’s utility and value,” said FreeBitco.in. “We’re thoroughly committed to its long-term growth.”

Accordingly, FreeBitco.in is preparing to undertake the following initiatives:

1. Strategic Burning of Tokens: FreeBitco.in plans to invest a substantial portion of its bottom line into strategically acquiring and burning FUN tokens to elevate their value over time.

2. Improving Liquidity: FreeBitco.in is working on increasing FUN’s liquidity across all markets, thus making it easily accessible and tradeable. This is evidenced by a cumulative influx of $3 million in the FUN/ETH and FUN/USDC trading pairs on Uniswap recently, and other exchanges are set to follow.

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

4. Dedicated Wallet: FreeBitco.in is working on creating a dedicated wallet for FUN users that can operate seamlessly between different iGaming platforms. The wallet would also help users convert their FUN tokens into multiple crypto and fiat currencies.

5. Proactive Development: FreeBitco.in is assembling a development team to build innovative, consumer-facing apps based around the FUN token, thus creating more use cases, strengthening utility, and promoting adoption.

6. Creating Effective Partnerships: FreeBitco.in seeks to build productive partnerships and affiliations with other iGaming entities to promote FUN’s identity as a transactional currency in online gambling.

Note: This is not a partnership between the two organizations, namely FreeBitco.in and FunFair Technologies. The aforementioned acquisition and venture is at the sole discretion of FreeBitco.in.

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate
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Betting odds on the German federal election swung firmly towards Olaf Scholz and his SPD party after polls indicated that he won the first televised debate of the campaign.

Markets now give Scholz a 56% probability of becoming the country’s next chancellor, up from 36% on August 23,  prices compiled by crypto sportsbook Cloudbet show. He has now taken the lead from main rival Armin Laschet, whose likelihood of becoming chancellor slumped to 44% from 63%.

Cloudbet is the only major crypto operator offering German election markets. The odds are hosted on an enriched event page that charts real-time price movements and will live-stream future debates for players to seize betting opportunities as odds shift.

The page will also contain the Cloudbet Opinion, a visual representation of which party bettors are favoring with their wagers, and a useful alternative voting indicator to opinion polls. Cloudbet first unveiled the feature to good effect ahead of the US presidential election in November. Bets placed on Cloudbet for that election were closer to the final result than official poll results, especially in predicting state-by-state outcomes.

“Betting markets can offer unique insights into how segments of the voting public perceive the election,” a Cloudbet election expert said. “We will continue to monitor movements as the debates and campaigns continue.”

Sunday’s 100-minute debate was largely uncontroversial, with views on climate change proving to be one point of difference between the three chancellor candidates. Some 36% of viewers picked Scholz, according to a Forsa poll for broadcasters RTL/ntv. The Greens’ Annalena Baerbock placed second with 30%, while Laschet was last with 25%.

Founded in 2013, Cloudbet established itself as one of the world’s leading bitcoin betting operators, with a reputation built on unparalleled security and speedy withdrawals. Players on the German site can bet with 12 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT, Dogecoin and Dash.

In June this year, the operator launched a fully localised website to provide better services for German customers. It also hosts a Telegram community for German-speaking customers to engage with other like-minded betting fans.

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UltraPlay expands its footprint through Nitrogen Group partnership

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UltraPlay expands its footprint through Nitrogen Group partnership
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The multi-awarded sports betting provider UltraPlay expands its footprint through Nitrogen Group partnership. Nitrogen Group (Nitrogensports.eu and Nitrobetting.eu) is a long-standing operator for its good reputation, integrity, and dedication to Bitcoin.

UltraPlay’s portfolio of advanced betting solutions is the perfect fit for Nitrogen’s sports and eSports betting offers. The crypto gambling operator has more than 9 years on the market in which it’s grown an enormous database of players and Bitcoin enthusiasts.

Through UltraPlay’s betting products, players at Nitrogensports.eu and Nitrobetting.eu already enjoy the extensive coverage of more than 34 eSports, plus 6000 pre-match and 5500 live events monthly together with a huge range of sporting events available online 24/7. Their players continue to benefit from secure, fast, and anonymous Bitcoin betting as well as from impressive futures bets, live streaming, and even niche tournaments from across the globe.

Commenting on the partnership Nick Travis, manager of Nitrogen Sports, said:

“For many years, Nitrogen Sports has served crypto users and bettors with a safe and anonymous platform featuring a comprehensive list of odds on major sports, but thanks to this new venture, they can take their action even further and bet on even more events, leagues and games, including UltraPlay’s extensive array of live betting odds, as well as a massive selection of eSports events.”

Mario Ovcharov, CEO of UltraPlay commented: “Nitrogen Sports is one of the biggest operators in UltraPlay’s network. Our commitment to offering them the highest quality betting products already records great results. We see eSports and cryptocurrencies as an important piece of the online gambling industry, and our new partner knows exactly how to be the first-choice sportsbook of the next generation of bettors.”

Together with Nitrogen Group and its ever-growing community base we’ll grow our leadership in the sports and eSports betting provision on the global gaming map”, added Ovcharov.

UltraPlay’s early adoption of Bitcoin as a wagering method back in 2011 solidly positioned the company as one of the pioneers in the crypto betting segment in the gambling industry. The company keeps on opening new perspectives of how online betting should be done according to the young generation of bettors’ preferences.

Dedicated to constantly developing and improving its sports betting products, UltraPlay earned 15 awards for its eSports betting leadership.

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Hop on the FJ race and win a Tesla Model 3!

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Hop on the FJ race and win a Tesla Model 3!
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The end of the summer in the Bitcoin Casino industry is set to be extremely rewarding as one of the juggernauts of the business, FortuneJack launched a massive promotion. This Bitcoin Casino Giveaway will feature on the most desired cars in the world – Tesla Model 3. The promo will run from X August to X September and anyone who’ll bet a certain amount of money will be able to get themselves lottery tickets. At the end, a lucky winner of this Bitcoin Casino will leave with the keys to a brand-new Tesla. So, what are the rules and ways to get your hands on the grand prize?

Participation

First and foremost, in order to participate, all players must register on FortuneJack and go through an easy process of verification. After that’s done, you just need to play. For every 20$ Equivalent of a wager, each player will get 1 lottery ticket. As an example, if you make a $60 bet, you’ll automatically get 3 Tickets. The holder of the most tickets will have the highest chances of winning this highly desirable car. Anyone can participate in this promotion and all the games on this particular BTC Casino apply, even FortuneJack’s own sportsbook.

Tesla Model 3 Specs

There will also be additional amazing challenges with some heavy cash and free spin prizes, but before we discuss those, let’s stop to appreciate all the glorious details of Tesla model 3. This FortuneJack Giveaway is famous for virtually all the aspects that encompass an idea of a great car. Being a fully electric vehicle, it’s mile range on a single charge is absolutely mesmerizing. It can go for more than 400 Miles at a time and its speed is on a hyper car level. It does 0 to 60 in around 3 Seconds which is lightning fast. No wonder that Tesla Cars are considered to be the total future of the car industry.

More Challenges to win yourself a Tesla

Aside from the main FortuneJack Giveaway, the casino also offers weekend challenges within the same promotion. Here all the players can participate in small tournaments revolving around highest win, highest multiplier and highest wagering races. The prize pool for each of those is €4000. Additionally, there are 1200 Free spins to be won and 2000 Tesla Giveaway tickets that can get anyone significantly closer to the main prize of the promo. There is no doubt that this Bitcoin Casino Giveaway is the hottest promotion of this year’s summer.

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