FreeBitco.in is running a 2 Million FUN Token Giveaway. A ‘Refer and Earn’ program with a twist, this contest gives crypto-enthusiasts the chance to win a massive amount of FUN Tokens, for free.

The best part: it’s open to all!

Let’s take a look at the token, the contest, and the entity behind both of them:

The FUN Token

FUN Token is an ERC20 token developed specifically as a decentralized transactional solution for online gaming. It’s listed on major exchanges like Binance, Bitfinex, HitBTC, OKEx, and decentralized exchanges like Uniswap. 1 FUN = 0.029 USDT at the time of writing.

Originally created by FunFair Technologies, FreeBitco.in recently acquired 3.75 billion FUN Tokens and took over the reins of the coin.

FreeBitco.in recognized the potential of the token as a disruptive solution that could solve the existing problems plaguing the iGaming industry. Consequently, the seventh-largest online gambling website in the world introduced a venture: a Premium Membership Programpowered by the FUN Token.

Users can buy FUN Tokens at FreeBitco.in and hold them to earn extraordinary benefits.

Following the popularity of this program, FreeBitco.in introduced the 2 Million FUN Token Giveaway.

The Contest: How to Participate and Win

Both FreeBitco.in users and non-FreeBitco.in users can participate in the giveaway. Follow the steps given below to do so:

1. Sign up at FreeBitco.in with just your email address

2. Visit the ‘Token’ page

3. Click on the link that says “REFER YOUR FRIENDS AND WIN 2,000,000 FUN TOKENS!”

4. Scroll to find your referral URL

5. Use your social influence to share your referral URL and invite your friends to the Premium Membership Program

6. Every FUN Token purchase made by your referrals is linked to your account

7. On 15th March, the Top 10 referrers win 2 Million FUN Tokens, for free!

8. The more your referrals purchase, the higher you get up the leaderboard, and the higher your rewards!

The contest ends on 15th March. Sign up now to participate and get your hands on one of the most promising tokens this year!

About FreeBitco.in

Founded in 2013, FreeBitco.in is one of the largest crypto-gaming websites on the internet. FreeBitco.in was created to promote Bitcoin’s utility and facilitate its adoption. However, it has grown by leaps and bounds since then.

Powered by a fully automated, proprietary tech-stack, FreeBitco.in features a simple but powerful HI-LO Dice Game supplemented by contests, rewards, jackpots, and a popular Lamborghini giveaway.

With 41 million users, 52 million monthly visits, and a $600 million-per-annum wagering volume, its influence on the Bitcoin community is significant.

Since its development in June 2017, Mina’s development team O(1) LabsThree rounds of financing have been completed, totaling $29.4 million.

In May 2018, MINA raised 3.5 million seed rounds, which were sold for $0.07 and had an 18-month lock-up period. In April 2019, MINA closed A $15 million Series A funding round, which was sold for $0.15 in tokens, again with an 18-month lock-up period.

By October 2020, MINA had completed a $10.9 million strategic financing, which was unlocked in two ways: 52% of the $0.15 tokens had an 18-month lockup period (about 28.63 million tokens); The $0.25 token was unlocked at the same time as the community sale, on May 31, accounting for 48% (26.42 million tokens).

There are many participating institutions and institutions, including Polychain, Paradigm, Coinbase Ventures, and other well-known institutions. Project consultants include Coinlist’s CEO&NBSP.

Hello, bro. Today I want to present to you probably one of the simplest ways to multiply your depo.

And this is the MINA token sale on Coinlist. So what is it? This is probably one of the most expected ICO of this crypto bull run. And yes, you are able to participate here.

A couple of words about Mina Protocol:

Mina is building a privacy-preserving gateway between the real world and crypto — and the infrastructure for the secure, democratic future we all deserve.

By design, the entire Mina blockchain is about 22kb — the size of a couple of tweets. So participants can quickly sync and verify the network.

1,000 Genesis founding members will be selected to receive a distribution of 66,000 Mina tokens by completing challenges on the testnet to help strengthen the network. When the mainnet goes live, Genesis founding members will comprise the network’s initial block producers, because they will have the knowledge required to stake tokens.

Mina is setting aside up to 6.7% of tokens for Genesis founding members. Izaak Meckler, CTO & Co-founder, said: “The Genesis program allows us to build a community of engaged members who are helping to set the rules of the ecosystem. Such engagement is essential for constructing an infrastructure that serves the needs of its members.”

You can apply for Genesis here: http://codaprotocol.com/genesis

We are looking forward to being part of this amazing protocol, and helping to build a strong and healthy community around it! 🎊

Side note: Mina was previously Coda, however, last year in 2019, R3 filed a trademark lawsuit against Coda Protocol. As a result, the Coda Protocol agreed to abandon the name.

DISCLAIMER: This is not financial advice. Staking and cryptocurrencies investment involves a high degree of risk and there is always the possibility of loss, including the loss of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some PoS protocols. We advise you to DYOR before choosing a validator.

There are three ways to acquire Mina. The first is through an exchange, the second it’s it a proof-of-stake protocol, so if you already have coins, you can either stake them yourself or delegate them. Thirdly, people who are Snarking within the protocol can get paid for their efforts in currencies.

Snarking — Most networks have only one group of nodes. However, Mina has two. Besides the Proof of Stake concept, the network also has Snark workers. Snark workers are required (collectively) for the liveness of the network.

Mina’s consensus mechanism is called a Decentralized Cryptocurrency at Scale. So, what does that mean?

Mina created the concept of Decentralized Cryptocurrency at Scale. Scalability refers to Mina’s ability to handle the throughput of thousands of transactions per second. The decentralization refers to the accessibility of verifying the chain and synchronizing as a new user.

If you’d want to get started with verifying transactions on a cryptocurrency, you’d need to download a full copy of the blockchain. Which, with beginning blockchain networks, might not sound that bad. However, over time this can become seriously impractical. Most top cryptocurrencies today are many gigabytes large and growing, with some near or exceeding 100GB. For most people, like you and me, downloading a file that big, and keeping it, is just not possible.

With Mina, instead of having to download an entire blockchain, the network uses zk-SNARKs to compress the blockchain into a tiny snapshot. That snapshot gets send around instead; this helps to keep the costs of verifying transactions lower, and the data remains constant and accessible to everyone.

zk-SNARKs — stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. This, in short, refers to a proof construction where one can prove possession of information, data, etc. through a secret key, without revealing that information, and without any interaction between the prover and verifier.

It is Mina’s end goal to allow nearly any internet-connected device to interact with blockchain-verified data. This will make it so much easier to develop crypto apps. With this technology, a nonprofit’s website could show you exactly where every dollar given to them is used for, or file your taxes for you based on all your expenses and income that year.

To be continued…

Built by O(1)Labs, Mina is a new cryptocurrency protocol with the main focus to reduce the size of the blockchain from many gigabytes to the size of a few kilobytes. The main problem this new protocol solves is how to scale without centralizing. “Mina is about decentralizing the web in order to shift power dynamics,” said Evan Shapiro, CEO, and Co-Founder of O(1) Labs, the team behind Mina.

It is expected that because of the accessibility, Mina can go places other currencies might not be able to go. This new cryptocurrency can process thousands of transactions per second, and no matter how many transactions have happened, the entire historical data of the chain will be small enough to be stored on your smartphone. When the mainnet launches, the possibility to access the blockchain network on your smartphone will be right there; this is one of the exciting opportunities of this network.

If you want to use Mina, you’ll need around 20 kilobytes and ten milliseconds to verify your balance. And no matter how many transactions are in the blockchain, the footprint will remain small. The combination of processing speed and the small print is called a succinct blockchain.

Continue in next articles…