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More Than Name Change: Fairplay Blockchain Casino Upgrades to Fairspin 101

Disclaimer: The text below is a sponsored article.

After making a name for itself as a remarkably transparent online casino leveraging blockchain technology, Fairplay decided to change the name and undergo a rebrand.

At first glance, the move looks like a risky one since the casino has already built a considerable player base and got nominated for two prestigious awards – EGR Operator Awards 2019 and SBC Awards 2019 – under the name of Fairplay. Both nominations were in the Rising Star category, recognizing the casino’s rapid progress since its launch in late 2018.

But the team behind the gaming platform is confident that the game’s worth the candle. They claim that the name change is just a part of an extensive upgrade that is about to bring the casino to a new level.

“Our bet on transparency proved to be a success because that’s what iGaming really lacks,” the Fairspin team explains. “Now, we are ready to go to the next level. This requires a brand upgrade which we are currently undergoing. 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.”

The words about the casino’s success seem to match the figures. In less than a year, Fairspin players won more than 3.5 million TPLAY. TPLAY is the gaming platform’s internal crypto token. Its price is fixed against Ethereum: 1 ETH = 1000 TPLAY. It’s easy to calculate that the casino users have already won above 35,000 ETH. This is more than $6 million as of today which is pretty impressive for a one-year-old gaming platform.

What’s even more impressive, all the winnings and payouts are trackable and provable because Fairspin’s transaction data and gaming stats are recorded on blockchain.

More Than Name Change: Fairplay Blockchain Casino Upgrades to Fairspin 102

The blockchain-powered honesty control remains Fairspin’s trademark feature. The rebrand won’t affect players’ ability to track all their deposits, bets, wins, and payouts on a blockchain explorer. Instead, the casino’s upgrade includes support of new games from some of the world’s leading providers and the implementation of fiat payment methods in addition to the cryptocurrency ones. Fairspin is now testing deposits and withdrawals via Visa/MasterCard and this feature will soon be available in top regions.

Even when using fiat payment methods, Fairspin users are still able to check all their gaming and transaction stats on a blockchain explorer since funds deposited in any currency are automatically converted to TPLAY on the platform.

Another important change for Fairspin is a new, extended license from Curaçao eGaming. It’s needed for entering new markets as the casino is aiming to expand its global footprint. is already available in English, Spanish, German, Portuguese, Russian, Japanese, Turkish, and Polish, catering to players from all over the world. The number of available language versions is still likely to grow along with the casino’s global expansion.

A new license, new games, new payment methods, and language versions – that’s quite a lot of perks to augment Fairspin’s blockchain-powered transparency. Also, this should be enough to compensate players for a bit of inconvenience that might be related to the name change.

FairSpin , 2019-11-25 08:00:00 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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