The FARE ecosystem is built on probability smart contracts, which are triggered by transparent on-chain events based on probability variables. The first use case for these contracts is the randomized minting and burning (or "winning" and "losing") of the FARE token. The system is designed so that the probability of losing or burning a token is higher than that of minting or winning, similar to how a real-world casino operates. Unlike the centralized "bookmakers" of casinos, value is passed to FARE holders through token inflation.
Ping is a global payment platform for freelancers and contractors that enables digital nomads to get paid in dollars or crypto, wherever they are, and convert their salaries to local currency in an efficient and cost-effective way.
Rye is a Web3 e-commerce platform that can hold a collection of all products, where any brand can plug in their inventory and any seller can pull from. This network should enable sellers to set up an e-commerce experience in minutes, similar to how Stripe enabled payments in minutes. The Rye API includes an integrated one-click checkout, Amazon and Shopify product data, and connections to affiliate programs.