The on line casino was based in late 2018 below the identify of Fairplay. A 12 months 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 verify gamers’ deposits and payouts on a blockchain explorer.
This blockchain-stored information exhibits that in 2019 Fairspin paid out greater than 40,000 ETH to gamers. This is near $6M on the present trade fee. The precise home edge (the on line casino benefit) was lower than 1% (zero,965%, to be actual).
The greatest win from a single guess occurred within the Jack and the Beanstalk sport – $2,850 on the then trade fee. The record-high win in a single sport session was within the 300 Shields slot – $eight,938. The greatest complete 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 offered by the TruePlay blockchain platform. It permits Fairspin to file gaming and transaction stats on blockchain whereas utilizing traditional, non-blockchain video games from the world’s main suppliers.
Last 12 months, the Fairspin staff launched this expertise at main iGaming conferences worldwide (iGB London, SiGMA, MAC, and extra) in partnership with TruePlay and on-line gaming regulator Curaçao eGaming.
Fairspin’s revolutionary strategy to blockchain implementation in iGaming was acknowledged by nominations for a number of necessary awards together with EGR Operator Awards 2019 and SBC Awards 2019.
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