Sport.Fun is preparing to open the public sale of its native token, $FUN, later today December 16 at 1PM UTC. The sale will be held on 2 platforms, Kraken and Legion, and marks a key step in the project's broader transition from a single-sport fantasy game into a multi-title onchain ecosystem.

The sale window will open for 48 hours, closing on December 18 at 1PM UTC. Allocations for successful buyers are scheduled to be finalized by December 20, 1PM UTC.

How the Sport.Fun ICO Will Work

The token will be available through both centralized and merit-based systems, depending on the platform.

Kraken will host the $FUN sale through its token launch interface, allowing verified users to take part directly using fiat or crypto. Buyers must meet local eligibility and KYC checks. No lottery or speed-based mechanics are involved.

On Legion, the sale will follow a merit-based allocation model. Here, applicants will be selected based on their engagement within the Sport.Fun ecosystem. This includes long-term usage, platform contributions, and support shown beyond short-term hype. The process is designed to reward participants who have added real value over time. The sale on Legion will be conducted in USD1, with KYC and geographic eligibility checks required.

Residents of the United Kingdom are not eligible for either platform.

Token Terms and Price Details

The $FUN token is priced at $0.06, with an FDV of $60 million. Sport.Fun will initially offer 50 million tokens for sale, aiming to raise $3 million. If the offering is significantly oversubscribed, the issuer may activate a green shoe option, raising the total to 75 million tokens and increasing the cap to $4.5 million.

Tokens purchased during the public sale will be subject to a vesting schedule. Half of the allocation unlocks immediately at the Token Generation Event (TGE), while the remaining 50% will vest gradually over 6 months. Buyers seeking more info on vesting terms can visit the FUN Token Release Schedule.

$FUN Token Allocation

Token Supply and Allocation Breakdown

The $FUN token is an ERC-20 asset with a total fixed supply of 1 billion tokens. There will be no inflation or additional minting after launch. Distribution is as follows:

25% for the team
25% for the community, which includes 4% for the Genesis Airdrop
24.8% for investors
17.7% for the treasury
7.5% for the public sale

All platform revenue from fees will feed directly into token demand through a recurring buyback model, aligning long-term usage with tokenomics.

$FUN Token Utility

Sport.Fun uses a 3-currency system to manage gameplay, transactions, and platform value. Tournament Points (TP) are used for in-game progression and ranking. Gold, which is pegged 1:1 to USDC, is required to purchase player shares and manage the squad. The $FUN token, while not needed to play, captures value across the ecosystem and grants users access to additional platform perks.

At launch, $FUN holders will receive discounts on trading fees. Shortly after TGE, token holders will gain access to premium features like advanced analytics and the Scouting platform. While FUN adds utility, it cannot be used directly for in-app purchases and does not function as a payment currency within the game. Players can fully engage in Sport.Fun without holding the token.

Legal Status and Risk Disclosures

According to the team, the $FUN token complies with Regulation (EU) 2023/1114 (MiCA) and has an associated whitepaper that has been notified under MiCA. The token is not a financial instrument, e-money, or structured deposit. It does not entitle holders to investor protections or compensation schemes under EU directives.

Token Distribution and Safeguards

Sport.Fun Ltd (BVI) is the issuer of the FUN token. Funds raised through the sale will be held securely in segregated accounts and multi-sig wallets. Refunds will be available prior to trading if the soft cap is not met or if users withdraw within their EU withdrawal period.

Legion will accept only USD1. Kraken will support fiat, USDC, ETH, BTC, and other approved assets. Tokens will be claimable post-TGE by verified wallets used during the sale.

FUN Score and Player Impact

The ongoing FUN Score system plays a key role in how sale and airdrop allocations are decided. Launched last week, this system tracks user activity across the app, including squad building, trading volume, fees paid, and long-term contributions.

Scores are updated in real time and will remain active through January 2026. Players can still increase their score by taking part in matches, managing teams, and growing their squad's value. Current top 1,000 users have over 700 points, with the top 100 surpassing 22,000.

While a high score does't guarantee a sale allocation, it is one of several key criteria used in merit-based distribution.

From Football.Fun to Sport.Fun

The project began as Football.Fun in August and quickly grew into one of the most used apps on the Base L2 network. The platform has recorded more than $90 million in trading volume and over $10 million in revenue.

The recent rebrand to Sport.Fun reflects a broader shift toward supporting multiple sports. NFL trading has already launched, with NBA scheduled to join in early 2026. Other leagues, including F1 and cricket, are also being explored.

All sports and game modes in the Sport.Fun ecosystem share the same account system. This allows players to carry their scores, balances, and benefits across each title.

Gameplay and In-Game Economy

Sport.Fun runs on a fantasy trading model powered by real-world athlete performance. Players buy and sell tokenized player shares that fluctuate in value based on actual sports outcomes. Each player has their own liquidity pool, and shares expire after 4 contracts unless renewed.

Two main assets are used in-game: Gold and Player Shares. Gold is pegged 1:1 to USDC and used for trading, pack purchases, and other core actions. Player Shares are the tradable assets that reflect athletes’ performance and value within the game.

Sport.Fun's marketplace includes trading fees, surge pricing, and anti-dump mechanics. FUN holders receive discounts on these fees depending on their balance tier.

Project Status and Investors

Sport.Fun has raised over $2.5 million in capital. This includes a seed round led by 6th Man Ventures and additional backing from Zee Prime Capital and The Operating Group. The company reports more than $24 million transferred into user wallets and a total value locked (TVL) of $5 million across the platform.

The core platform is built and operated by Sport.Fun Panama Corp. The token issuer is Sport.Fun Ltd (BVI), overseen by Director Teresa Carballo. The overall structure is managed by Sport.Fun Panama Foundation.

Sale Timing and Access

The $FUN token sale will open later today at 1PM UTC. Both Kraken and Legion will go live at the same time.

Kraken users must complete identity checks and can buy directly through the exchange. Legion applicants must meet merit-based criteria set by the Sport.Fun team.

More details on the public offering and investor rights can be found in the MiCA-whitepaper. For a full breakdown of the tokenomics and release schedule, visit the FUN token documentation.