The on line casino was based in late 2018 beneath the identify of Fairplay. A yr later, it was rebranded into Fairspin to emphasise the on line casino’s key distinctive characteristic – every spin in each sport is secured by blockchain. Fairspin’s gaming stats are displayed proper on the on line casino web site and everybody can test gamers’ deposits and payouts on a blockchain explorer.
This blockchain-stored knowledge reveals that in 2019 Fairspin paid out greater than 40,000 ETH to gamers. This is near $6M on the present trade charge. The precise home edge (the on line casino benefit) was lower than 1% (zero,965%, to be actual).
The largest win from a single wager occurred within the Jack and the Beanstalk sport – $2,850 on the then trade charge. The record-high win in a single sport session was within the 300 Shields slot – $eight,938. The largest whole win in a single day for one participant was $14,552.
To make all these figures trackable and proveable, Fairspin makes use of a toolset supplied by the TruePlay blockchain platform. It allows Fairspin to file gaming and transaction stats on blockchain whereas utilizing traditional, non-blockchain video games from the world’s main suppliers.
Last yr, the Fairspin workforce launched this know-how at main iGaming conferences worldwide (iGB London, SiGMA, MAC, and extra) in partnership with TruePlay and on-line gaming regulator Curaçao eGaming.
Fairspin’s modern strategy to blockchain implementation in iGaming was acknowledged by nominations for a number of essential awards together with EGR Operator Awards 2019 and SBC Awards 2019.
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