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Fareplay x Berachain: Time to Gamble with the Beras

August 9, 2024

In conclusion

Greetings, apes, gamblers, and degenerates!

These past few months, the market has been far from kind to us. So there’s only one real answer: “If the leverage bar is not being kind to you, it's time to go old school and make your money gambling in online Casinos.” - Socrates.  

Jokes aside, crypto casinos are on a massive come-up. Stake is the gold standard, but they have many competitors coming up.

Some are centralized, but you know we at blocmates will ALWAYS back the decentralized alternatives.

So, if you’ve been paying attention to us for a while, you may know that a couple of months back, at the start of the year, we introduced a rising star in the decentralized casino space called Fareplay.

If you haven’t read that article, I recommend reading it quickly before diving into this, but here’s the primer.

In terms of games, they will all be separate smart contracts, and you’ll have all the classics. Plinko, dice, crash, limbo, etc, but you’ll also have some specials.

The randomness for the game logic will be done using Chainlink’s VRF.

The real kicker is how they manage liquidity with their tokenomics. All bets will be made with the FARE token.

If you win, your FARE winnings will be minted to your wallet, but if you lose, the FARE you wagered will be burned.

The idea is that this makes it so there is no bankroll, and because there is an edge, the FARE token is actually deflationary. So, if you just hold FARE, you are the house!

To go with the rise of this new decentralised casino, we are also seeing a phenom of a new layer 1 coming to market very soon, and that’s none other than Berachain.  

Therefore, it only makes sense that we see the two of them come together.

That’s right. Fareplay will be going live on the Berachain testnet, and today, we’ll give you the complete rundown of everything you need to know about this move.

Fareplay on Berachain

As most of you may know, Berachain is one of the most hyped upcoming L1s in the market.

They recently went live with their public Artio testnet, and the response has been great. Everyone seems to be loving their experience.

You see, Berachain is in this unique position where they were always going to be successful in terms of user metrics from the get-go simply due to how big of a cult following they managed to garner prior to launch.

However, to go with this attention is the element of speculation. Speculation about Artio users getting an airdrop once the chain is live on mainnet.

The project has raised around $142M over two rounds, which means it is well-funded, and we already know a token is coming.

Therefore, since not many other opportunities are available, this seems to be the best R:R for users.

But if you use Fareplay on the Berachain testnet, you’re killing two birds with one stone.

You will be earning FARE points which will eventually translate into a FARE airdrop, and you will also potentially be farming the BERA airdrop at the same time.

It’s a no-brainer. Have you ever heard of a casino that gives you free money? It’s not just free money; it’s money in the form of FARE tokens, which will be deflationary simply due to how casinos win more often than they lose.

The process is straightforward. Go to the Fareplay app. Once opened, you will see all the classic games. Get yourself an invite code and you’ll be minted 100,000 testnet tokens to gamble with.

You will be gambling, which I’m sure most of you already do, but rather than losing real money to the likes of Stake, you will be playing with dummy money, which will eventually translate into real money once Berachain is live.

What's better is that you will already be familiar with the platform before everyone else learns about Fareplay and starts hopping on the wave.

Even if you look at this from a higher level, it just makes sense.

Berachain has the most degen community in crypto, and Fareplay, a casino with deflationary tokenomics, is one of the more degen products out there. Bringing a degen product to a community of degens simply makes sense.

This is one of the most natural synergies out there.

Concluding thoughts

Everyone should keep their eyes on Fareplay at the minute.

With the market looking like shit, it’s worth farming under the radar protocols. Only with Fareplay do you get simultaneous exposure to FARE and BERA.

The team is sharp and meticulous and has made a top-notch product. Gambling has been a part of human civilization for ages and will likely never go away.

Fareplay simply offers gambling in a transparent way while also allowing users to potentially profit from the protocol's success.

Fareplay x Berachain is a match made in heaven.

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