FARE Protocol

FARE is a token that can be minted or burned through FARE probability contracts. Developers can build FARE contracts and users can deploy FARE in those contracts for a chance to instantly mint new FARE or burn their FARE.

Overview Structured Data Issues Contributors

fareprotocol.io

Is a

Cryptocurrency

Organization

Company

Company attributes

Industry

Decentralized Finance

Location

Investors

Arrington XRP Capital

C2 Ventures

Republic (company)

Goat Capital

...

Total Funding Amount (USD)

6,200,000

Latest Funding Round Date

May 1, 2023

Latest Funding Type

Seed

Other attributes

Latest Funding Round Amount (USD)

6,200,000

FARE Protocol is a cryptocurrency ecosystem that operates on probability smart contracts triggered by transparent on-chain events. The protocol utilizes randomized minting and burning of tokens with a higher probability of losing or burning, similar to a casino. However, instead of profits going to a centralized entity, collected tokens are distributed to the ecosystem.

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Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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References

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