For such a young casino that has already seen great success, Fairspin Casino keeps challenging its competition to do more. The casino's recent introduction of the TFS token, a new digital currency used within Fairspin's ecosystem, certainly screams innovation and progress, and AskGamblers is more than happy to celebrate this novelty together.
We talked with Vladislav Mavrin, Fairspin casino manager, to get more information on TFS, the casino's future plans, innovation, and more.
1) Fairspin opened its virtual doors to players in 2018 and hasn't stopped surprising us with its growth and offers ever since. What would you primarily attribute your success to?
The goal of the Fairspin team and our partners is to build a transparent and safe gambling market for all its participants and, first of all, for the players. We want our products to set new standards in the niche and change the game's rules.
Primarily, the fact that we make it possible to see all the bets and winnings of the players in an impersonal format significantly increases the player's confidence in the platform and allows them to have fun without fearing any kind of deceit.
Proxying all bets between the game provider and the casino allows you to accumulate statistics for each game publisher and game, showing that the RTP is not lower than the declared one.
Now we are working to implement a user-friendly toolkit and make it a familiar tool for the user to regulate the casino.
Play to Earn, where a TFS token is given for every bet, players are interested in following slots that offer better P2E conditions and motivate them to discover new games or invest in the Hold to Earn program.
H2E - is tied to the casino's profit, and users understand that winnings are possible and the casino's RTP is standard and transparent. Combined with an attractive exchange rate, this makes TFS a valuable investment vehicle.
2) Whoever steps foot in the iGaming industry realizes this is an incredibly competitive market for which not everyone is cut out. What would you say is the hardest part of being a part of it, and how do you stay relevant and exciting?
All project managers are highly experienced and understand the complexity of the market very well. And everyone is well aware that it is becoming more and more difficult. But we are united by ideology and the belief that how we handle things within the company will be instrumental to our product.
If the Client comes to have fun and relax, they must be sure they've come to the right place where they'll have a chance to win and get their money. Nevertheless, we hear accusations that RTP is "twisted", even though all the stats are published and available to the user.
And no one else on the market has such transparency and openness of data.
3) What's an important lesson you've learned over your career?
Casinos are adrenaline, excitement and entertainment - not earnings. But users want not only to spend but also to earn - in games, and this became possible thanks to Hold2Earn and TFS.
4) What's it like being a manager of a casino that ranks 8.75 on AskGamblers? Has been listed on our website (and scoring this high) made any difference for your business?
This is not enough rating to talk about it :)
We roll out new features weekly and work to achieve the highest user ratings. Live, fast and open support is an essential priority in business strategy.
5) A new payment method — the TFS token is the most recent pride and joy of Fairspin. Introducing a token of your own that circulates within the platform is a huge step! Suffice to say, you are proud of TFS; but how do you see this trend evolving within your platform?
We constantly update according to the plan. Our current goal is to make the whole loyalty program based on TFS.
We are currently giving 200 TFS tokens upon registration to get users started learning about the topic. We also rolled out player levels with gamification based on Play2Earn TFS, bonuses depending on the levels and activity in social networks or the platform. There will be even more features related directly to TFS, and we will reduce the classic cashback and bonuses, as they are pretty dull to the market.
6) Observing your development path, we'd say Fairspin has always been aware that tokenization is the future of gambling. Was this one of the primary incentives to launch the TFS token within the platform?
Tokenization is a by-product of the global task of regulating gambling in general. Our goal is to make the market transparent so that the Casino does not affect the RTP.
7) For the players (or all the Curious Georges around) unsure what TFS is, what would you tell them? Why should they pay attention to it, what makes it different, and how does it affect their gameplay?
The first is the opportunity to become part of the industry, to get a share of the casino's income through Hold2Earn. No one gives such a return as 30-40% per annum, which can be received without playing through Hold2Earn. And if you play carefully, then the income can be much higher.
At the same time, do not forget that it is necessary to participate in the product's life and recommend it everywhere. More players - more income. 1 out of 50 users who received winnings and a quick payout leave positive feedback anywhere. But 5 out of 10 write when they lose: the casino deceived them and adjusted the result.
If the majority of users recommend us as a service, then the project's income will increase and, accordingly, we will be able to develop the product faster.
8) TFS tokenization was not the only example of your prompt reaction to market demands. You introduced betting on virtual sports when its demand was skyrocketing. What was the players' response to this upgrade?
The audience didn't react in any way; everyone was more interested in TFS. Plus, virtual sports is just a slot machine with RTP; we will now pay more attention to e-sports. But there are many collaborations with esports teams ahead of us.
9) In 2021, more than twenty new providers joined Fairspin, majorly changing Fairspin's offer layout. What would you say is the most significant change you as a manager have spotted?
We are significantly expanding the content, so our Clients can have fun playing their favourite games. This did not give much dynamics, but I will say that those players who registered in 2018 are still with us.
There are many plans, including constant work on integrating new game providers.
10) If we wanted to buy a TFS token today, how would we do it?
Buying a token is very simple:
Fund your gaming account using any cryptocurrency and exchange your balance for TFS.
Why cryptocurrencies? In the current realities, it's becoming more and more challenging to work with banks and payment systems. They have limits and massive commissions. Plus, no one will prevent you from receiving payment of any size in cryptocurrency, and the bank is more likely to present it for any more or less significant amount.
The AskGamblers team thanks Mr Vladislav Mavrin for the information and time spared. Until next time!
