FairSpin.xyz
FairSpin.xyz is a blockchain-based crypto lottery platform built on the Ethereum Ropsten testnet, where users place minimum 0.01 ETH bets via MetaMask to compete for a transparent, smart-contract-drawn prize pool split among the three closest entries, earning collectible NFTs as rewards.
- Company typePrivate
- Founded2018
- HeadquartersSofia, Bulgaria
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What FairSpin.xyz does
FairSpin.xyz is a private blockchain-based lottery game that operates as a direct-to-consumer web platform. Founded in 2018 and based in Sofia, Bulgaria, the company targets cryptocurrency-native users who want a transparent alternative to traditional lottery products. Users connect via the MetaMask browser wallet, switch to the Ethereum Ropsten testnet, and place bets of a minimum of 0.01 ETH per entry, with the stated goal of winning a share of the ETH prize pool rather than relying on a centralized operator.
The underlying technology is an Ethereum smart contract (address 0x7879A3C22bC058ca7D0A9aE6755b2Ad4C395B711 on Ropsten) that assigns each bet a random number, runs a 24-hour countdown from the first bet in a slot, then draws a random target number and splits the pool between the three closest entries (50%/30%/20%). A secondary collectible NFT layer rewards every 10th bet with one of 10 limited hand-drawn faces. All draws and transactions are publicly verifiable on Etherscan, which the company positions as its core differentiator versus traditional lottery operators.
FairSpin.xyz monetizes via a 3% commission on every bet placed, with all profits stated to be reinvested into product development. The platform is single-product, single-chain (Ropsten testnet only), and has no disclosed funding, no named institutional customers, and a team of 1–10 including founder Sasho Za. No marketing, partnership, or geographic-expansion activity is disclosed, and the company has not pursued app store distribution or non-web channels.
FairSpin.xyz firmographics
Firmographics- Name
- FairSpin.xyz
- Website
- https://fairspin.xyz
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FairSpin.xyz is a blockchain-based crypto lottery platform built on the Ethereum Ropsten testnet, where users place minimum 0.01 ETH bets via MetaMask to compete for a transparent, smart-contract-drawn prize pool split among the three closest entries, earning collectible NFTs as rewards.
- Ownership category
- akta.pro rank
FairSpin.xyz industry classification
Industry- Product category
- Blockchain Crypto Lottery
- NAICS
- Gambling Industries (7132), Other Gambling Industries (713290), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Lottery & iLottery Platforms (Web/App) (MPAEAFAD)
- akta.pro secondary industries
- Draw-Based Lottery Management (Number Games, Keno as Lottery) (MPAEAFAE), Gaming NFTs & In-Game Asset Marketplaces (FSADANAF), NFT Commerce, Ticketing & Utility Enablement (token-gated access, memberships, passes, ticketing rails) (FSAPAFAJ)
Keywords
Where FairSpin.xyz is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Markets served
FairSpin.xyz business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Marketing or Sales, Operations, Personnel
Revenue model
- Platform Commission: Platform takes a 3% cut from every bet placed. This is the primary revenue stream. Profits are reinvested into development of the game.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Single-tier lottery entry starting at 0.01 ETH per bet |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
FairSpin.xyz product offering
Product offeringCore offering
FairSpin.xyz operates a blockchain-based cryptocurrency lottery game on the Ethereum network (currently deployed on the Ropsten testnet). Players place a minimum bet of 0.01 ETH to enter a lottery round; the smart contract assigns each bet a random number and, after a 24-hour countdown from the first bet in a slot, draws a random winning number and splits the ETH pool (50%/30%/20%) among the three closest entries. The platform takes a 3% commission on every bet and rewards players with limited, hand-drawn collectible NFTs unlocked every 10 bets.
Product overview
FairSpin.xyz is a single-product blockchain lottery platform built on Ethereum (Ropsten testnet). The core offering is a transparent crypto lottery game where players bet ETH, collect limited NFTs through gameplay, and compete for a shared prize pool. The platform uses smart contracts for randomized winner selection and split prize distribution (50%, 30%, 20% to top three closest entries). A 3% platform fee is taken from each bet.
Differentiator
Problem solved
Functional benefit
Products and services
- FairSpin Crypto Lottery A blockchain-based cryptocurrency lottery game where users place a minimum bet of 0.01 ETH for a chance to win a shared ETH prize pool, with additional limited NFT collection mechanics. Winners are selected every 24 hours via a smart contract that draws a random number and splits the pool among the three closest entries (50%, 30%, 20%). Targets crypto-native users with MetaMask wallets.
Companies that use FairSpin.xyz
Customer profileSegments1 record
Ideal customer profiles1 record
FairSpin.xyz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
FairSpin.xyz partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights2 records
FairSpin.xyz competitors and assessment
Company assessmentOthers
- Sorare: Blockchain-based fantasy sports platform with NFT collectibles driving gameplay and engagement. Comparable for the NFT-as-engagement-mechanic overlap with FairSpin's collectible NFT reward system.
- Lottoland: Large licensed online lottery operator offering bets on the outcome of official lottery draws globally. Comparable as a lottery-business reference point — illustrates the regulated, licensed incumbents FairSpin would compete with if it moved to a real-money model.
Direct peers
- Wolf.bet: Crypto-native gambling platform offering casino games and lottery-style products funded via cryptocurrency. Comparable as a direct crypto-gambling competitor serving a similar audience with similar wallet-based onboarding.
- PoolTogether: A decentralized, blockchain-based lottery (no-loss model) running on Ethereum. Directly comparable as an on-chain crypto lottery product targeting crypto-native users with transparent, smart-contract-driven prize mechanics.
- Rollbit: Crypto casino and gambling platform that combines betting with NFT rewards and trading features. Highly comparable business model — crypto gambling commission revenue plus NFT engagement mechanics targeting wallet-native users.
- MegaDice: Crypto-native dice and lottery-style gambling product with transparent on-chain mechanics. Comparable as a smaller, focused crypto lottery/dice operator with similar simplicity and wallet-based onboarding.
Broad incumbents
- FortuneJack: Long-standing crypto casino offering dice, slots, and lottery-style games. Comparable as an established crypto-gambling incumbent with similar target audience and cryptocurrency-native payment mechanics.
- BC.Game: Major crypto casino platform supporting a wide range of in-house games including lottery/dice formats. Comparable as a broad incumbent in the same crypto gambling category with established liquidity and global user base.
- Stake.com: One of the largest crypto-accepting online gambling platforms, offering casino, sportsbook, and lottery-style games. Comparable as a broad incumbent in crypto gambling with far greater scale, licensing, and brand recognition.
- BitStarz: Award-winning crypto casino supporting BTC/ETH deposits and a broad game catalog. Comparable as a broader crypto-gambling incumbent serving the same crypto-friendly bettor demographic.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
FairSpin.xyz social profiles
Digital presenceFairSpin.xyz financial estimates
Financial estimateRevenue estimate
Valuation estimate
FairSpin.xyz leadership team
Management profileNumber of profiles
Profiles1 record
FairSpin.xyz funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FairSpin.xyz M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FairSpin.xyz
What does FairSpin.xyz do?
FairSpin.xyz operates a blockchain-based cryptocurrency lottery game on the Ethereum network (currently deployed on the Ropsten testnet). Players place a minimum bet of 0.01 ETH to enter a lottery round; the smart contract assigns each bet a random number and, after a 24-hour countdown from the first bet in a slot, draws a random winning number and splits the ETH pool (50%/30%/20%) among the three closest entries. The platform takes a 3% commission on every bet and rewards players with limited, hand-drawn collectible NFTs unlocked every 10 bets.
Is FairSpin.xyz a public or private company?
FairSpin.xyz is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FairSpin.xyz founded?
FairSpin.xyz was founded in 2018. It employs 1 to 10 people.
Where is FairSpin.xyz based?
FairSpin.xyz is headquartered in Sofia, Bulgaria, in the Europe region.
How does FairSpin.xyz make money?
One revenue line is on record: platform Commission.
Who are FairSpin.xyz's main competitors?
Others on record are Sorare and Lottoland. Direct peers are Wolf.bet, PoolTogether, Rollbit and MegaDice. Broad incumbents are FortuneJack, BC.Game, Stake.com and BitStarz.
Does FairSpin.xyz have an API?
No public API is recorded for FairSpin.xyz.
What industry is FairSpin.xyz in?
FairSpin.xyz's product category is Blockchain Crypto Lottery. Its primary akta.pro industry code is MPAEAFAD, Digital Lottery & iLottery Platforms (Web/App), with a secondary code of MPAEAFAE, Draw-Based Lottery Management (Number Games, Keno as Lottery). Its NAICS code is 7132 and its SIC code is 6200.