TFS token is a digital currency that will serve as an alternative payment method within the Fairspin platform

Since the creation of Fairspin in 2018 we’ve gained the trust of our loyal community as a trustworthy platform with over 300.000 registered users and a pool of 10.000 of active players daily. Everything we’ve been doing so far is designed to make the user experience more enjoyable. As one of the industry leaders we’re constantly thinking about what’s next for Fairspin and today we’re excited to share that vision.

What’s next for Fairspin?
We’ve been always looking towards blockchain as the next step in our evolution process towards openness and security as a platform. This is one of the primary reasons why we’ve decided to partner with TruePlay to help us tokenize our loyalty program and introduce a token of our own that will circulate within the platform.
TruePlay is a secure business tokenization platform that will grant us access to its ecosystem and open new possibilities to us and players alike with the release of the TFS token.

What is the TFS token?
TFS token is a digital currency that will serve as an alternative payment method within the Fairspin platform as well as replace our current loyalty program. Users can transfer, withdraw or exchange TFS for fiat at any time.

Key Points of the TFS token
● TFS is an ERC20 token.
● trueMining of tokens is allowed. TFS tokens will be credited to all players at the end of the playday as a reward for playing.
● trueStaking of tokens will become available via the TruePlay widget in the platform’s dashboard.
● The emission of tokens is regulated by smart contracts that will generate a certain amount of TFS tokens based on the current exchange price and the daily GGR.
● TFS is a deflationary token with a limited supply, meaning it offers a limited total supply of tokens and a regular monthly buyback in which a certain percentage of tokens is withdrawn from circulation.

Allocation of tokens is divided into 4 stages:

1st Stage:
The distribution of TFS will kick off with 3 rounds of a Private Sale, Pre-Sale and a Dutch Auction with a limited supply of 15 million tokens listed for sale. Token price on each rounds will be set at:
0,1 $ on Private Round
0,15 $ on Pre-Sale Round
On Dutch Auction price starts from 1 $ with 0,2 $ as a reserve price.

2nd Stage:
After the sale of tokens is complete a pool of 10–20% of tokens sold at the auction will be moved to Uniswap with the final auction price increased by 50–100%.

3rd Stage:
The token staking program is unlocked via the FairSpin dashboard where you can store your tokens for profit
Staking options:
1 day — Reward pool 1% from FairSpin GGR
3 days — Reward pool 3% from FairSpin GGR
7 days — Reward pool 8% from FairSpin GGR

4th Stage:

Token distribution program will be announced with a limited emission to 20% instantly and 2% every week, which users can claim anytime.

TFS is a digital currency that will serve as an alternative payment method within the platform and will open up new opportunities to reward players for actively playing and using TFS tokens within and beyond platform’s boundaries. Our partnership with TruePlay has helped us tokenize our loyalty program as well as introduce new features to the platform that will attract new users globally. We are super excited to invite all of you on this journey with us and lead the way to the crypto future of Fairspin!

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