SIGN UP LOG IN
 

Fairspin players have won almost USD 7 million in 2019

Published by

January 21, 2020 6:48 pm

Fairspin players have won almost USD 7 million in 2019

Online casinos have been around almost as long as the Internet itself, and a growing number of them now use blockchain technology for greater transparency and security.

However, not many can say that their players have won over 42,893 ETH in 2019, which is almost 7 million USD, with the biggest win of 54 ETH (around 8,700 USD at the time of writing). Fairspin, on the other hand, can.

In the growing online blockchain casino, which used to be called Fairplay, a lot of money is won every day. The website offers an insight into the amount of TPLAY tokens won in each game, with numbers sometimes reaching up to one million TPLAY. Since 1,000 TPLAY equals 1 ETH, the calculation is quite simple: that is more than 162k USD won in one game.

But you cannot win if you don`t play. If it’s the use of cryptocurrencies that keeps you away – if you don’t feel very comfortable using crypto for deposits – you can do it in Fiat. The platform uses the TPLAY as mentioned above, an ERC20 token, as a unique currency to track all transactions. This means that all transactions are stored on the blockchain, making the process extremely transparent and secure due to the immutability of the technology.

The top 3 single day wins of the past month:

1. $1,177 won by a player on December 19th, 2019.
The biggest single bet wins – $875 from an $8 bet in the Jack and the Beanstalk game.
The player paid out $1,122 the next day.

2. $999, won by a player on January 11th, 2020.
The biggest single bet won – $1,176 from a $12 bet in Warlords: Warlords: Crystals of Power.
Player withdrew $3,525 on the same day.

3. A player won $736 on December 25th, 2019.
The biggest single bet wins – $425 from a $2 bet in the Jewel Fruits game.
Player withdrew $2,145 the next day.

Whether or not you receive your payout is not in question – to reduce the risk of human error, malicious or otherwise, Fairspin uses a concept called honesty control, which includes using intelligent contracts to manage prize money. You can also check the casino’s account balance on the blockchain, so you don’t have to worry about whether they can transfer your winnings to you.

The games are licensed, and even if you use Fiat, your deposits are automatically converted to TPLAY, which means they can still be tracked on the blockchain.

Fairspin is only one year old, but it has already made a name for itself. This includes participating in the SiGMA iGaming Expo in Malta in November, alongside Trueplay and eGaming Curaçao, as an exhibitor. The event is considered to be of world-class importance for the betting industry, with more than 400 exhibitors and 15,000 participants from over 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 a blockchain. This allows players to track all gaming stats and be sure of getting fair payouts,” said the Fairplay team.

 

More News

"Fortnite World Cup Finals" attracts with highest prize in video game history

Is eSports sport or not? While politics and associations are still discussing it, professional gaming has long since established itself…

4 winners of the Funky Deep Stack at Casino Schenefeld

4 winners of the Funky Deep Stack at Casino Schenefeld

This doesn't happen every day at Casino Schenefeld: The Funky Deep Stack does, that is, every Saturday, but 4 winners…

WSOP International Circuit for the 3rd time at Holland Casino Rotterdam

WSOP International Circuit for the 3rd time at Holland Casino Rotterdam

Holland Casino Rotterdam will once again be the venue for the World Series of Poker (WSOP) International Circuits from 14th…

Gaming - The industry hopes for these innovations

Gaming - The industry hopes for these innovations

The gaming industry has been enjoying a sustained upswing for years. The use of games has changed from a marginal…

PUBG Europe League starts today in Phase 2 on Twitch

PUBG Europe League starts today in Phase 2 on Twitch

Today the PUBG Europe League starts its second phase, which will run until July 7th. From today, Friday 17.5. until…

That's what's behind Neymar's phone cheering

That's what's behind Neymar's phone cheering

Although Neymar (27) missed the first four league games because of his change theatre, the superstar from Paris St-Germain is…

The first teams for the EPICENTER Major have been selected

The first teams for the EPICENTER Major have been selected

The first teams qualified last weekend for the EPICENTER Major at the end of June. A total of 14 teams…

GTA Online could now finally let you into the casino after 5 years

GTA Online could now finally let you into the casino after 5 years

In the online mode of GTA 5, GTA Online could soon launch a huge number. The opening of the casino.…

Paris Saint-Germain with surprising defeat against Reims

Paris Saint-Germain with surprising defeat against Reims

French champions Paris St.-Germain, plagued by injuries, have suffered a surprising defeat in Ligue 1. Coach Thomas Tuchel's team lost…

Simplicity Esports and Gaming: What will happen now?

Simplicity Esports and Gaming: What will happen now?

Simplicity Esports and Gaming is trading at USD 1.75 on the stock exchange on 21.06.2019. The company is listed under…

GTA Online's gambling DLC sets new player record

GTA Online's gambling DLC sets new player record

The release of a digital casino in GTA Online brought the highest player level since the release of the multiplayer…

Switzerland: Games as a school subject

Switzerland: Games as a school subject

40 young people from Zurich try their hand at developing games in the new school year. And are thus taking…

Global Poker Index: Kahle Burns Leads POY Race
Global Poker Index: Kahle Burns Leads POY Race

Every week, the Global Poker Index publishes a list of the world's top tournament poker players. The related formula includes…

The Warcraft III: Reforged Beta Begins
The Warcraft III: Reforged Beta Begins

After the first leaks had appeared and rumours for an immediate start of the beta were circulating, developer Blizzard officially…

Today four teams fight for the playoffs
Today four teams fight for the playoffs

SK Gaming and Rogue make it exciting: Yesterday, Friday, both teams were able to claim the important victories for the…

Rumours prove true: Blizzard loses more top employees
Rumours prove true: Blizzard loses more top employees

Now what was already hinted at by rumours has come true. Blizzard loses another important employee. If there's any news…

Phil Hellmuth: the recipe for success for the WSOP records
Phil Hellmuth: the recipe for success for the WSOP records

15 bracelets, most cashes and top 5 on the all-time money list. Phil Hellmuth is the most successful player in…

Online betting very popular among Canadians
Online betting very popular among Canadians

The USA showed the way last year by declaring a law carved in stone, the Professional and Amateur Sports Protection…

ESL Pro League: BIG and Sprout against top teams challenged
ESL Pro League: BIG and Sprout against top teams challenged

BIG and Sprout start into the ESL Pro League. The German CS:GO teams meet strong opponents. BIG plays against FaZe…

FIFA20: Is EA Brazil star Neymar taking off the cover?
FIFA20: Is EA Brazil star Neymar taking off the cover?

After the Selecao captain's armband, will Neymar Jr. now lose the FIFA20? Cover as well? Last week, a picture was…

Canada's province of Ontario plans liberalization of online casinos
Canada's province of Ontario plans liberalization of online casinos

On Thursday, the government of the Canadian province of Ontario announced its 2019 budget plan to relax the previously strict…

Rugby World Cup - Wales eliminated in the quarter-final, Fiji
Rugby World Cup - Wales eliminated in the quarter-final, Fiji

Wales and Australia have reached the quarter-finals of the Rugby World Cup in Japan. Scotland also remains in the race…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!