About
Frequently Asked Questions
Here are some frequently asked questions about Furya and our best answers.
What is Furya?
What is Furya?
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.
How is FURY Token used?
How is FURY Token used?
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.
What are the benefits of staking FURY tokens?
What are the benefits of staking FURY tokens?
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.
How can I participate in network governance?
How can I participate in network governance?
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.
What should I know about the upcoming chain upgrade?
What should I know about the upcoming chain upgrade?
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.
How are transaction fees utilized on the Furya blockchain?
How are transaction fees utilized on the Furya blockchain?
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.
Where can I find technical resources for developers?
Where can I find technical resources for developers?
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.
What is the total supply of FURY tokens?
What is the total supply of FURY tokens?
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.
What is Fanclub and how does it interact with FURY tokens?
What is Fanclub and how does it interact with FURY tokens?
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.
Are there any special perks for Fanclub members?
Are there any special perks for Fanclub members?
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.