After making a name for itself as a remarkably transparent online casino leveraging blockchain technology, Fairplay decided to change the name and undergo a rebrand to become Fairspin.
At first glance, the move looks like a risky one since the casino has already built a considerable player base and got nominated for two prestigious awards – EGR Operator Awards 2019 and SBC Awards 2019 – under the name of Fairplay. Both nominations were in the Rising Star category, recognizing the casino’s rapid progress since its launch in late 2018.
But the team behind the gaming platform is confident that the game’s worth the candle. They claim that the name change is just a part of an extensive upgrade that is about to bring the casino to a new level.
“Our bet on transparency proved to be a success because that’s what iGaming really lacks,” the Fairspin team explained. “Now, we are ready to go to the next level and this requires a brand upgrade as well. The new name – Fairspin – better represents what our product brings. Each spin in every game is recorded on blockchain. This allows players to track all gaming stats and be sure of getting fair payouts.”
The words about the casino’s success seem to match the figures. In the first full year of operation, Fairspin paid out to players more than 40 million TPLAY. TPLAY is the gaming platform’s internal crypto token. Its price is fixed against Ethereum: 1 ETH = 1000 TPLAY. It’s easy to calculate that the casino users have won above 40,000 ETH in 2019. This is nearly $6.5 million as of today which is pretty impressive for such a young gaming platform.
What’s even more impressive, all the winnings and payouts are trackable and provable because Fairspin’s transaction data and gaming stats are recorded on blockchain.
The blockchain-powered honesty control remains Fairspin’s trademark feature. The rebrand won’t affect players’ ability to track all their deposits, bets, wins, and payouts on a blockchain explorer. Instead, the casino’s upgrade includes support of new games from some of the world’s leading providers and the implementation of fiat payment methods in addition to the cryptocurrency ones.
Even when using fiat payment methods, Fairspin users are still able to check all their gaming and transaction stats on a blockchain explorer since funds deposited in any currency are automatically converted to TPLAY on the platform.
Another important change for Fairspin is a new, extended license from Curaçao eGaming. It’s needed for entering new markets as the casino is aiming to expand its global footprint. Fairspin.io is already available in English, Spanish, German, Portuguese, Russian, Japanese, Turkish, and Polish, catering to players from all over the world. The number of available language versions is still likely to grow along with the casino’s global expansion.
A new license, new games, new payment methods, and language versions – that’s quite a lot of perks to augment Fairspin’s blockchain-powered transparency. Also, this should be enough to compensate players for a bit of inconvenience that might be related to the name change.
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Last modified: May 19, 2020 8:19 PM UTC