FARE Protocol
An ecosystem for probability contracts
FARE Protocol (🔥, 🌿)
@FARE Protocol (🔥, 🌿)Followers1.61 K
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Decentralized Betting PlatformThe 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.
Team Members
Justin KanCo-Founder
Investors
C² Ventures
Goat Capital
6th Man Ventures
Arrington Capital
Morningstar Ventures
Republic Crypto
Spark Digital Capital
Quantstamp
DWeb3 Capital
Eniac Ventures
Santiago Roel Santos
Yan Liberman
Tom DwanFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Seed | $6.20M | -- | 2023-04-30 |  C² Ventures* Goat Capital*+ 11 |