Frequently Asked Questions
Here are some frequently asked questions about Furya and our best answers.
Furya is an open-source blockchain specifically designed to support gaming and decentralized applications (dApps) with a particular focus on fantasy sports and betting. It uses the Cosmos-SDK, which allows for a modular architecture, meaning it can be customized with different features and functions to suit specific needs.
The platform uses its native cryptocurrency, the $FURY token, for all transactions, rewards, and governance within the ecosystem. This token is integral to the operation and incentivization mechanisms on the Furya Chain, including rewards distribution from fantasy sports contests, staking, and governance.
By staking FURY tokens, holders contribute to network security and decision-making. In return, they receive staking rewards, derived from transaction fees and network inflation. Staking also grants holders the right to vote on proposals, influencing the future direction of the network.
Any holder of FURY tokens can participate in governance. To do so, you need to stake your tokens and use them to vote on various proposals. These proposals may cover a range of topics from network upgrades to community initiatives.
The upcoming chain upgrade to version 47 of the Cosmos SDK will introduce improvements in transaction speed and network stability. It will also refine the distribution mechanism for staking rewards, aligning it more closely with community engagement and network growth.
Transaction fees on Furya are primarily used to compensate network validators for processing transactions and securing the blockchain. A portion of these fees also goes into a community fund, which supports projects and initiatives beneficial to the ecosystem’s growth.
Developers interested in building on Furya can access technical documentation, developer guides, and API references on our official website. Our community also supports developers through forums and dedicated Discord channels.
The total supply of FURY tokens is capped at 420 Million. This cap ensures scarcity and value, aligning with our goals for a sustainable and robust economic model for the Furya ecosystem.
Fanclub is a platform feature that allows fans to join exclusive clubs of their favorite teams or players within the Fanfury ecosystem. Members can use FURY tokens to purchase memberships, participate in exclusive events, and access special content, enhancing their engagement with the sport.
Members of the Fanclub receive various perks such as exclusive access to content, special event invitations, and direct interactions with sports teams or players. These perks are designed to enrich the fan experience and deepen their connection to the sport.
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