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Fairspin players have won almost USD 7 million in 2019

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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.

 

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