FARE Protocol Project Introduction, Team, Financing and News

Performances

Comparison

Team

Justin Kan

Co-Founder

Fundraising

LeadCC² Ventures LeadGGoat Capital AArrington Capital 66MV MMorningstar Ventures QQuantstamp SSpark Digital Capital RRepublic Crypto DDWeb3 Capital EEniac Ventures SSantiago Roel Santos YYan Liberman

Round	Amount	Valuation	Date	Source	Investor
Seed	$ 6.2M	--	May 1, 2023	--	CC² Ventures GGoat Capital 66MV AArrington Capital MMorningstar Ventures RRepublic Crypto SSpark Digital Capital QQuantstamp DDWeb3 Capital EEniac Ventures SSantiago Roel Santos YYan Liberman TTom Dwan

Follow Updates

Details

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 these contracts is the randomized minting and burning (or "winning" and "losing") of the FARE token. The system is designed so that the probability of losing or burning a token is higher than that of minting or winning, similar to how a real-world casino operates. Unlike the centralized "bookmakers" of casinos, value is passed to FARE holders through token inflation.

Tags:

DeFi

Prediction market

Ecosystem(1):

Arbitrum

Founded:

2022

Location:

United States

Rate FARE Protocol

0.0

Rated by 0 users

What’s your take on FARE Protocol? Share your review.

Reviews and ratings are posted by users, do not constitute financial advice, and do not represent the views of the platform.