dApp & Token Report: Fastwin

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Reviewed: 31 January 2019
References
Name Fastwin
Platform
EOS
Token of interest
Supporting wallets
Category
Users 24h
608
Users 7d
Overall rating:
19 / 25
User experience
★★★★☆
Token integration
★★★☆☆
Team
★★★★★
Community
★★★★☆
Security
★★★☆☆

How to use

  1. Install (or access) Scatter (https://get-scatter.com). The desktop version is recommended.
  2. Set up a new EOS account (or use your existing one by importing private keys).
  3. Fund the account with EOS, either from another account or from an exchange.
  4. Sign into Fastwin using your scatter, and read the rules before betting on a game.

FUNCTIONALITY

Fastwin is a gambling site very similar to other gambling Dapps being built on EOS right now. Despite being a young Dapp, Fastwin already has already undergone an ICO and has 3 fully functional games on its platform. The first game is a Dice game that will be familiar to anyone who has used sites such as EOS Bet or Bet Dice. Only EOS can be wagered, and there’s also an autobet option for those who want it. Right now there is no ‘roll over’ option, and you can only win if you roll under your selected number. The dice rolls are fast but the process lacks animation.

The second game on the site is called Dice 3, which is the site itself describes as being a lottery that uses the hash on the current EOS transaction block to determine its results. This draw will result in a sequence of 3 numbers each ranged from 1-6, which is visualised on the site as a 6 sided die. Before each draw, users are given about a minute to make a variety of different bets, such as betting on the exact sequence, whether exact numbers will show up, whether the sum total of the numbers will be large or small, even or odd, and even betting on the exact sum total of the numbers. The UI for the game can look a bit cluttered at first, but after reading the rules the game is generally quite simple to understand. Dice 3 also gives you the option of clicking on various chips bellow the game UI, which you can use to make bets instead of manually typing in your EOS bet each time.

The most recent game on the platform is called CRASH. Each round of CRASH involves a line rising on a chart, and the higher the line reaches the higher the score multiplier gets. It will keep rising until it suddenly stops, which is known as the ‘crash’. Before each round, users can make bets to determine how high the multiplier will get before the game crashes. The higher the multiplier, the higher the payout for their bet. Music plays during the game to mark each sequence of the game, and the screen flashes red whenever the game crashes, which I personally found to be a bit obnoxious.

The design of the web page also has very large text and graphics, and a lot of empty space. This makes the page legible, but it also makes it difficult to fit all the information on screen without zooming out your screen. You can find your own referal link by clicking a button at the top of the screen. Bets made by other player’s are listed below the current game, however, unlike other platforms, it doesn’t show statistics such as largest wagers and payouts of all time. However, the Crash game is more compact, and it also lists other player’s bets to the side rather than below the main screen.

TOKEN MECHANICS

As one would expect from a gambling Dapp on EOS, for each wager you are awarded a small amount of the platform’s native token, in this case the FAST token, depending on the size of the wager. After a certain threshold of FAST has been mined, the reward per bet will reduce by 25%. However, while the site does show the total amount of FAST that is staked, (or ‘pledged’, as the site calls it) it does not show the total amount of tokens in circulation, and since FAST is not currently listed on any exchanges, the only way to reliably find information on the token as of now is via updates from the team themselves. The Dividends screen also claims that redeeming dividend rewards takes 24 hours, however, there is no mention of whether or not there is an unstaking period.

Issues

Finding information on the FAST token is difficult right now because  it is not listed on any exchanges, which also makes it difficult to determine the value of FAST right now. Fastwin could also probably use a link to CPU emergency, especially since CPU is a huge problem for many EOS users right now.

More importantly, however, is the lack of a Github page. While it is generally accepted that it is for the best that Dapps with large bankrolls be kept closed source in these early days, for a gambling Dapp, an inability to verify the bets made on the platform, (unless you rely on an independent investigation or conduct your own verification tests) is something to keep in mind. Fastwin hasn’t experienced any hacks and no information has been spread suggesting that Fastwin is cheating users, but in a space such as crypto where regulations are light and scams are common, it is always a good idea to be cautious when involving yourself in a project that is not open source.

Final Verdict

Fastwin has worked very fast over the course of its short life span, having already released three games, and it has amassed a good number of users despite the heavy competition in the EOS gambling space right now. The community telegram is active and parts of the site are dotted with features that are claimed to be ‘coming soon’, and given the current track record of fast and functional game releases there’s little doubt that the team is committed to improving the platform long-term.

However with competition in the space being so fierce, it’s difficult to tell how successful the platform will be in the long term, in-spite of the team’s efforts. There’s no shortage of options for those who want to gamble on EOS right now, however, it is the only place to play Dice 3 right now, and possibly the safest place to play Crash for the time being. You can do a lot worse than Fastwin.

User experience
★★★★☆
Token integration
★★★☆☆
Team
★★★★★
Community
★★★★☆
Security
★★★☆☆

Disclaimer

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