Newton Gitonga
Cryptocurrencies remained range-bound on Friday, with Bitcoin stuck around $105K.
While altcoins showcased minor price movements, FUNToken (FUN) soared 10%.
FUN’s rally followed a major ecosystem announcement.
First and foremost, leading blockchain security auditor CertiK concluded that the web3 gaming token doesn’t have critical vulnerabilities.
Moreover, the altcoin has gone fully deflationary after permanently freezing the token supply.
🛡️ $FUNToken is now CertiK-audited and permanently finalized.
The smart contract is immutable and fully verified by @CertiK, the most trusted name in blockchain security.
With no new tokens ever being created, $FUNToken is now fully deflationary, just a fixed, reducing supply
CertiK certification and deflationary mechanisms elevate FUNToken’s status in the space filled with speculative pumps and copy-paste assets.
That underscores the project’s commitment to transparency and long-term stability.
FUNToken gains CertiK approval
The leading auditing firm completed a smart contract analysis and found FUN’s ecosystem healthy without crucial vulnerabilities.
Such confirmations give FUNToken a competitive advantage in the crypto sectors – where rug pulls and hacks dominate.
Sui-based liquidity provider Cetus lost over $260 million last month after perpetrators accessed its pools.
Meanwhile, CertiK Skynet integration offers FUNToken real-time monitoring, adding a security layer that most crypto projects lack.
Such perks will likely attract developers, users, and partners interested in secure and reliable digital assets.
FUN goes deflationary with a hard cap
The announcement revealed something crucial for long-term FUNToken holders.
The project will never battle inflation as it has capped its supply forever.
There will be no token minting, backdoors, admin keys, or contract edits.
The post read:
With no new tokens ever being created, FUNToken is now fully deflationary, just a fixed, reducing supply powering the ecosystem. No inflation. No edits. Just real value, backed by code and community.
With this, FUNToken joins the list of projects implementing deflationary approaches.
Avalon Labs kick-started its deflationary journey this month by destroying 80 million tokens.
Frozen supplies and periodic token burns propel scarcity, boosting the asset’s long-term stability with zero inflation threats.
Crypto investors opt for projects with impressive tokenomics, visible transparency, and without dilution risks.
Thus, FUNToken could witness magnified investor attention in the coming times.
Meanwhile, these developments reflect FUNToken’s dedication to decentralization.
It has finalized smart contracts, meaning no team member, insider, or developer can tamper with them.
Understanding FUNToken
This blockchain project aims to revolutionize online gaming with DeFi.
It leverages the P2E (play-to-earn) model, supporting an active and growing platform of over 40 games across smartphones, Telegram, and web venues.
The CertiK clearance and smart contract finalization moves FUNToken into a new chapter.
The crypto project is now ready for strategic partnerships, institutional growth, and mainstream scaling that’s only possible with supply clarity and comprehensive security.
FUNToken price outlook
FUN exhibits a bullish stance on its daily price chart after gaining more than 10% the previous day.
The alt’s 24-hour trading volume has increased by over 100%, indicating revived trader interest.
It will likely extend its upside from the current price of $0.004785.
However, FUN exhibits notable volatility and needs broad market support to sustain its current rally.
The post FUN gains 10% as FUNToken secures CertiK clearance and freezes supply appeared first on Invezz
