Overview
Fareplay Casino is a decentralized, blockchain-based gaming platform allowing users to wager on games with test tokens in a trustless environment. All transactions occur on-chain, making wagers and outcomes fully transparent and verifiable. Fareplay leverages Chainlink’s Verifiable Random Function (VRF) to ensure game randomness, providing transparency and trustworthiness in its outcomes. Currently, Fareplay operates on a private access model with a free-to-play structure, utilizing test tokens called “PHONEY.”
FARE Token
The casino’s native token, FARE, is designed with a deflationary mechanism. While not yet launched, FARE will function as the primary wagering token on the platform. Users’ FARE winnings will be minted upon wins, while losses will result in token burns, creating a deflationary token economy. This setup mirrors a “house” model, where token holders gain from the inherent “house edge” built into the games. FARE tokens are anticipated to provide holders with the benefits associated with “the house” in traditional casinos.
Earning FARE Points
Fareplay currently offers users the opportunity to earn “FARE Points” by engaging with the platform’s testnet features. Upon joining, users receive 100,000 test PHONEY tokens, with additional tokens granted for successful referrals. Points can also be accumulated based on gameplay results—earning “Kill” points for wins, “Death” points for losses, and “Assist” points for activities of invited users. The points system is structured to reward active participation and successful engagement on the platform.
