Faireum is a public blockchain with a set of protocols, which focuses on the gambling industry and provides a decentralized, low cost, transparent, and secure betting and gambling experience. Faireum uses its own native currency and smart game contract to guarantee a superb and premium betting experience and services in lotteries, sports betting, casino games and other digital games to users. Faireum releases a smart client based on the set of protocols for the creation of a trustful, borderless, secure, and fast online gambling network that benefits all.
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Rated on Feb 20, 2019
Their provided documentation have not only good precise content, but also a beautiful design.
Faireum already has a working MVP, their requested team members has passed the KYC and the rest of it looks good and well prepared.
The project is not first and only of its kind, however, in the end, what will make the difference is their mindset and dedication and I am looking forward to seeing this project on the market after the end of their ICO. Good luck!
Rated on Mar 24, 2019
Faireum is entering an online gambling space that is very overcrowded and at present, does not have many success stories. The industry is indeed marred by distrust, low quality betting experiences and transparency is a vague word in a high-stakes/high-profits industry. By using blockchain and their native Faireum token as well as Faircash payout system to fight money laundering and tax evasion by applying KYC whitelisting, will please gambling commissions and tax authorities alike. The project ambition is great, but the functionality of the aforementioned still has to be proven. Since it's a first but with no proven track record or comps from other online casinos, it's difficult to fully analyze the potential. However, many innovative concepts are being introduced to the online gaming industry, hence a deserved 4 stars for vision.
The team is very large but there's no CTO to supervise and guide the 5 developers and there are only 4 experienced advisors that have been onboarded to make Faireum a success, hence 4 stars for team.
The product is solid and stands a great chance of success, however the mainnet is projected to be functional only sometime in 2020 Q3-Q4 and that is much too long of a runway during which time a lot can happen such as new competition or another ICO crash (similiar to 2018Q4) which can strongly affect the viability of this project. Excluding China and USA means 2 of the biggest gambling markets are out of the game, thus seriously reducing the pool of participants of the platform ecosystem. View this, only 3 stars for products.
Good luck to Faireum team and advisors !
Rated on Feb 20, 2019
Faireum seems to be a promising project. Their leadership team has passed the KYC, which is a mandatory aspect for every legit project these days. The rest of their team looks prepared to develop this project.
During their ICO, they are distributing 50% of their tokens, which is a sign of their commitment on the long run.
They also have a working MVP.
Rated on Mar 6, 2019
Another project in the gambling area. Hundreds of projects in this area have been born in the last 18/24 months, of which I have not sincerely heard cases of great success. The Blockchain community is now a bit bored of these projects and before evaluating any investment, they want to see much clearer facts than in projects that are part of other areas in the Blockchain. So surely there will be required a stratospheric work and innovation in the true sense of the word from your team, otherwise it will be difficult to succeed.
The truth is that they are doing an excellent marketing, while the idea of getting their own Blockchain and implementing dPoS is excellent as it can make them jump in quality and help them stand out from others. The MVP is working and already offers a good preview of what will be, but as already mentioned previously, a MVP is no longer enough for these projects.
The team is quite large and has various figures necessary for the development of this project and is also well distributed. Website well done and containing a good preview, as well as the whitepaper which is also quite complete with tokenomics, business plans, market analysis, etc. The only negative thing in the token distribution is the fact that there is no "reserve fund", a very important factor for any project, be it Blockchain or not.
All in all, not bad and in a certain way distinguishes itself from other projects in this area, but as already said, we wait for more concrete things, which go beyond an excellent marketing and a good MVP, to make a certain and complete evaluation .
Good luck with Crowdfunding
Rated on Feb 21, 2019
This is one of those projects that looks good all the way round it.
The idea is simple yet it has been planned in detail. It is also a good application of blockchain technology, as it attempts to solve the main issues in the gambling industry.
The websites, the whitepaper and all the information they provide is consistent and reassuring that this project is a serious business.
The team is rock solid. They have the experience in all the required areas for a project of this kind to have good chances of success.
If they can keep up with the roadmap in time and deliver what is in it, it is a very promising ICO.
Tokenomics are not the best out there, since only 50% will be offered for sale. With that being said. The numbers are stated clearly and contributors have the information they need to decide on whether they want to participate or not.
To sumarize it: interesting, promising project with lots of effort and hard work from every team member to make it happen in an optimum way.
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Rated on Apr 18, 2019
Dear ICOBench community,
Please note that before reviewing this project & ICO/IEO, I conducted my own DD : team background, competitors, project history, various analysis and KPIs, growth potential and a lot more factors.
Here are the results of this analysis :
- Team : A professional, experienced and multidisciplinary team and which members are all linked to Faireum on social media platforms. Nothing to add, I wish all projects had such a team.
For these reasons, I am giving a 5/5 for the team.
- Vision : There are numerous projects aiming to decentralize gambling and online money games. However, Faireum has a clear vision on what to do to make it a success. The legal aspects are often neglected in similar projects but they are the foundations of this vision and I believe that Faireum understands and knows how to deal with this delicate subject.
This is why I am giving a 4/5 for the vision.
- Product : No product yet and the public Faireum blockchain is not planned until late 2020 so a lot of things can happen by then. However, the products description in the paper is really promising and with such a team, I am confident they will deliver a great platform.
Therefore, this is worth a 4/5 for the product.
I invite investors to conduct their own DD before investing time / money on any project.
Rated on Mar 8, 2019
The FAIRC is an ERC 20 token on the Ethereum platform. Going with an industry standard is a positive in my view for this type of project.
Faireum has a very strong core team in terms of experience, division of labor
and commitment. The members all have LinkedIn profiles that are current and most include their Faireum role prominently in their profile. There is also additional industry experience or subject matter expertise beyond Faireum.
There are 4 listed Advisors and they have relevant credentials in the fields of the ICO particularly iGaming and Blockchain advisors. I expect this group will grow.
The vision described using best practices of Bitcoin, Ethereum and Hyperledger
integrated with a DPos consensus algorith is clear and noteworthy. But the major
issues including lack of trust, regulatory framework and retrictions on marketing
and advertising make the gambling sector a higher risk. This is further complicated by
blockchain and cryptocurrency in terms of the impact of adoption, conversion and scaling.
Like most developers in the space Faireum has no track record with off-chain gambling success. There is no mention of owning an off-line casino or providing online services to existing businesses, players or regulators in the gaming or gambling industries.
The MainNet is not projected to be online until 2020 Q3-Q4 and many things can
happen during this interim period both internal and external to Faireum to negatively impact the project. With the restricted areas including USA and China the pool of participants is considerably reduced.
The Project Roadmap began in 2017 which is not very long for an effort of this magnitude.
The technical description of the Faireum protocol including smart contracts based on WASM to deliver a decentralized gambling experience are very intriguing.
There is no beta product available or mentioned in the public information.
There are innovations described for the "Faireum blockchain" that are uniquely tailored for the gambling industry. The described efficiencies in speed, Rewarding by Contributing (RCM) and the "double-layer" structure will bring notable advances if they can be delivered.
In addition the 37-page whitepaper states "Faireum solves the two biggers issues in the online gambling industry related to money laundering and tax avoidance". This will be welcome news to international regulators if executed successfully and provide media exposure.
When I look at their github repository for smart contracts I see 1 branch, 34 commits (most recent 3 days ago) and 1 contributor listed https://github.com/Faireum/smart-contracts
The social community is low to fair which might be expected at this point.
YouTube - 55 subscribers
Twitter - 1823 followers
Facebook - 1503 likes and 1990 follows
Instagram - 116 posts and 118 followers
Telegram - 6494 members
I found the [ANN] thread on Bitcointalk (read 342 times) at:
There is no blog or press room on the website. There are a number of media logos (some with links) and a number of "partner" logos (no links) for whatever value that adds.
There is a lot of money and growth in the online gaming ang gambling space.
We will see if Faireum is able to capitalize.
Rated on Mar 4, 2019
Modified on Mar 4, 2019
Experienced team with clean goals.
The gaming industry has huge potential with blockchain features.
They also have a working MVP.
Rated on Feb 25, 2019
Modified on Feb 25, 2019
Team: strong team with all areas well covered, including real blockchain advisor(s) expert(s) which is a good sign.
Vision: Although the gaming industry is massive, very few have succeeded to truly get practical use cases of blockchain in gaming. Faireum seems to bet on smart contracts on blockchain as the key driver to success. I would caution is over betting on technology, be it blockchain or any other BUT rather engage some know existing non-blockchain gaming brands to engage is pilots and educate those on the benefits as they already have a lotta users so really its only convincing a few = the management.
The PRODUCT: is still at a risky stage, like any product in Beta testing and will remain so until full commercial deployment and sufficient users on it to fix early failures which are a normal occurrence in any product release. Since the team is strong the likelihood to get to commercial product release and users growth is possible BUT of course will depend if sufficient funds are raises at each stage. There is in my view no need for 25 Million USD at this stage but the soft cap 2.5 million would be a welcome achievement to ensure that commercial release is reached and then raise for the next growth round.
Rated on Mar 13, 2019
Modified on Mar 13, 2019
Idea is not something new but a practical idea.
But their business idea is good in a senses that they are linking game providers to users while they act as a platform service provider, this way many games can be implemented on the same platform
Own chain for faster transactions (although is still early to say how fast this would actually be for now)
Team has good balance experience an international team is alway good.
Smart contract audited
Rated on Feb 19, 2019
Team is very crowded and nearly I can say a perfect combination. Just I see a financial part of team needs to be improved but it is not mandatory in existing situation.
According to WP , main net will be online at the end of 2020 or Q1 2021, so it is really a huge timeline for a project means nearly 2 years . But at the other hand team is planning to make listing on Q2 this year. So plan seems not bad but not perfect according to finalization time. Project management and plan should be improved regarding timeline purposes. Product is actually an average product but team makes it a little bit fine than similar ones with their view and experience
Rated on Mar 1, 2019
Modified on Mar 1, 2019
The Faireum project with its own public blockchain and currency this already after great credibility to the project. The idea of bringing, playing and registering in the blockchain, will show, transparency to its users. The whitepaper is well detailed and its great staff with potential.
Rated on Feb 19, 2019
Faireum is public blockchain focus on the gambling industry. Huge Industry potential as online gambling is a massive and fast growing market. Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games and digital games
Team have a lot of experience so it`s good base for project.
Main disadvantages is Mainnet in 2020 but WP looks quite good.
Rated on Mar 1, 2019
Modified on Mar 1, 2019
Diverse and experienced team and experienced subject matter Experts as Advisors.
Though the Vision is not new but resolving frictions in the gambling industry with a set of protocols that provides a decentralized, low-cost, transparent and secure gambling experience is a good development.
From your Road Map, you MVP will be ready this quarter, my rating will improve as soon as you post a tested and working MVP.
I wish the team all the best!
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TeamApply as an advisor
Jun Fei Yap
Technical Team leader
Head Of Design
Genesis Gil Bulan
Head of content
Preparations for gambling license.
Cross-chain & ZKP RNG design;
Game protocol design;
Faireum framework design.
Test network development;
Alpha game protocol;
Partial Faireum games development.
Faireum blockchain layer development;
Faireum wallet development;
Partial Faireum games testing.
Test network online;
Partial Faireum games release.
Upgrade main network;
Upgrade Faireum wallet.
Faireum VM design/development;
Completion of the Faireum RNG.
Faireum MainNet online;
Release Faireum wallet;
Release Faireum smart contract;
Mainnet token registration.
Faireum platform online;
Faireum gambling foundation;
Faireum environment extension.