With nearly $10.6M of player winnings in a bit more than a year, the Fairspin casino is driving forward blockchain innovations in iGaming.
The Fairspin blockchain casino entered the crypto and gaming spaces in late 2018 and claimed to be the ultimately transparent casino with gaming stats secured and exposed to everyone by smart contracts.
A lot has changed since then. In 2019, the casino (formerly known as Fairplay) underwent a big upgrade that included an extended license from Curacao eGaming, new language versions of the platform, new games and payment methods.
Yet, one thing remained unchanged. The casino’s name, Fairspin, lays stress on this key feature: each spin and every bet, as well as their outcomes, are recorded on blockchain. This allows players to track and check all their wins, losses and, therefore, the return-to-player percentage of any game.
For now, Fairspin remains the only online casino combining blockchain-powered transparency of gaming data with classic games from leading providers such as NetEnt, Microgaming, and others. To make this possible, it utilizes a complex technology developed by TruePlay, a platform providing a ready-to-use blockchain solution for iGaming projects.
All transactions on a gaming platform integrated with TruePlay are conducted in TPLAY tokens while all game events are recorded in a smart contract. As a result, players are able to check their deposits and payouts on a blockchain explorer, e.g. Etherscan. Webmasters that generate affiliate marketing traffic can use such services as Etherscan and MyEtherWallet to monitor gaming stats of players they attract and thus make sure they get a fair revenue share. TruePlay’s solution also includes the TrueSign module developed for game providers and regulators to sign each transaction on a gaming platform with a private key and thus verify all bets and outcomes in every game.
In partnership with TruePlay and online gaming licensor Curaçao eGaming, the Fairspin team introduced this game-changing solution to iGaming industry leaders at the SiGMA 2019 expo in Malta.
With this blockchain-powered transparency, anyone can launch a blockchain explorer and see that Fairspin users have already won over 50,000 ETH (1 ETH = 1000 TPLAY) or nearly $10.6M at the current exchange rate.
It’s also possible to track stats of particular games and players (without exposing their personal data). The biggest single-session wins on Fairspin occurred in the following games:
Figures like these are only possible with a solid base of active players and Fairspin managed to build such a base impressively quickly.
This rapid progress didn’t go unnoticed by iGaming industry experts. Last year, Fairspin was nominated for a number of prestigious awards including EGR Operator Awards and SBC Awards (both in the Rising Star category).
As the Fairspin blockchain casino keeps growing, so do the numbers and amounts. What is for sure, anyone can track and check them at any time, and that’s what makes Fairspin stand out in the iGaming market.