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FARE Protocol - Seed
Überblick
Datum
May 1, 2023
Finanzierungsbetrag
$6.2M
Bewertung
--
Kategorie
Unterkategorie
Über FARE Protocol - Seed
Investor
Investoren | Typ | Ort | Jahr gegründet | #Portfolio Companies | E-Mail-Addresse | Soziales |
---|---|---|---|---|---|---|
Fund | United States of America | -- | 7 | -- | ||
Fund | United States of America | -- | 3 | -- | ||
Fund | United States of America | 2019 | 73 | -- | ||
Corporate | United States of America | 2016 | 52 | -- | ||
Fund | United States of America | 2017 | 95 | [email protected] | ||
Fund | United States of America | 2009 | 16 | -- | ||
Fund | United States of America | 2017 | 81 | [email protected] | ||
Fund | United Arab Emirates | 2020 | 125 | -- | ||
Corporate | United States of America | 2017 | 23 | [email protected] | ||
Fund | -- | 2018 | 50 | -- |
Firmenprofil / Projektvorstellung
The FARE ecosystem is built on probability smart contracts, which are triggered by transparent on-chain events based on probability variables. The first use case for the contracts is randomized minting and burning (or 'winning' and 'losing') of the FARE token. The system is designed so the probability of losing or burning a token is higher than minting or winning, similar to how a real-world casino operates. Instead of a centralized "house" getting the profits, the collected FARE tokens are distributed to the ecosystem.