🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 108.

macson

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Quote from: AmoreJaz on March 19, 2023, 04:20:09 PM

the discussion regarding binance listing is an old story already. so yeah, why not enjoy the price of the BFG token to use it inside their site? staking or betting. they will have their own time for this, no need to push thru if they still have other important things to do.
the reason why a lot are waiting for such moment because of the hope that it will give them tons of profits once listed. however, you have no assurance that it will be like that. it can very well pump a bit but will go back to where it was. and then what? so yeah, it is understandable if the team is not very pushy about this, they have other things in mind for sure, to sustain this business.

right, the news about BFG listing on binance is old news and many are speculating that one of them is the potential for a bubble or ^(maybe) the obstacle to listing BFG on Binance is due to the cost or conditions for it which still require careful consideration from the betfury developer. Sometimes i like to play slots at Betfury and Betfury always holds interesting events, which are sure to be a loss if we miss them ^{(that event)}

klarki

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AmoreJaz

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Quote from: SquallLeonhart on March 19, 2023, 11:58:03 AM

Quote from: Beparanf on March 17, 2023, 10:35:27 AM

Binance listing is really useless if there will be no changes on current utility of BFG. BFG is very dry which holders is just relying for the team to have a buy back using part of the casino profit while there’s no transparent report on much casino made to verify the cut for BFG holders share.

I’m holding BFG tokens but not that much. I don’t expect any explosive price pump on this token even if it’s listed on Binance if the team keeps using BFG tokens for their partnership and marketing because they are the one who unload first their token before everyone can.

I think the utility is good enough, the purpose of BFG is obvious and this is exactly why they created it and it is doing its job. I agree that there is a thing they need to do before Binance listing would make sense, which we all know they can2t be listed just yet and all of these discussions are just "for fun" but that thing is not utility, that thing is marketing.

They can do marketing just for the casino itself and still get a lot more in return for the token as well, or could just directly do marketing for the token because without marketing we do not have proper volume, we need to have at least 10x more volume to deserve to be in binance right now.

the discussion regarding binance listing is an old story already. so yeah, why not enjoy the price of the BFG token to use it inside their site? staking or betting. they will have their own time for this, no need to push thru if they still have other important things to do.
the reason why a lot are waiting for such moment because of the hope that it will give them tons of profits once listed. however, you have no assurance that it will be like that. it can very well pump a bit but will go back to where it was. and then what? so yeah, it is understandable if the team is not very pushy about this, they have other things in mind for sure, to sustain this business.

SquallLeonhart

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Quote from: Beparanf on March 17, 2023, 10:35:27 AM

Binance listing is really useless if there will be no changes on current utility of BFG. BFG is very dry which holders is just relying for the team to have a buy back using part of the casino profit while there’s no transparent report on much casino made to verify the cut for BFG holders share.

I’m holding BFG tokens but not that much. I don’t expect any explosive price pump on this token even if it’s listed on Binance if the team keeps using BFG tokens for their partnership and marketing because they are the one who unload first their token before everyone can.

I think the utility is good enough, the purpose of BFG is obvious and this is exactly why they created it and it is doing its job. I agree that there is a thing they need to do before Binance listing would make sense, which we all know they can2t be listed just yet and all of these discussions are just "for fun" but that thing is not utility, that thing is marketing.

They can do marketing just for the casino itself and still get a lot more in return for the token as well, or could just directly do marketing for the token because without marketing we do not have proper volume, we need to have at least 10x more volume to deserve to be in binance right now.

klarki

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Quote from: o48o on March 18, 2023, 04:37:37 AM

Imho it would have been just a too radical move to instantly do demand 100x more bfg for staking.

Exactly, that's why increasing the entry amount should be done gradually.

Quote from: dwyane36 on March 18, 2023, 02:06:22 PM

The problem is that Betfury users had too many options for collecting free BFG tokens and, as a result, for free gambling. On the one hand, that was a good idea to attract a new audience. On the other hand, faucets and other free bonuses also attracted a massive number of bots. Honestly, I also don't know what percentage of total active staking accounts has a minimum number of BFG tokens. There are probably tens or even hundreds of thousands of such accounts. In that case, it's understandable why Betfury decided to update the terms for the staking program.

This is not the only problem. When the number of holders increases also increases the load on the staking pool.

Quote from: Fivestar4everMVP on March 18, 2023, 02:23:17 PM

Anyways, though i am not a regular player on Betfury casino, but i hold a very small amount of BFG token, and i am still very confident that once giveaways stops, the price is gonna improve, till then, i keep holding and watching.

I hope your strategy will benefit you. I personally adhere to the accumulation of this asset in my investment portfolio.

Taskford

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Quote from: FanEagle on March 18, 2023, 03:42:51 PM

Quote from: Strongkored on March 17, 2023, 01:27:46 AM

Quote from: klidex on March 17, 2023, 12:38:08 AM

]Yes, if BFG is listed on a big market like Binance, it will definitely have big holder, because Binance is one of the biggest centralized markets among all markets that allows BFG to get a price increase in the future.
I agree that Betfury considers this suggestion, because we as BFG holders or investors really agree that one day BFG will be listed on a large centralized market.
However, in a large market, there must be a large number of customers or investors there, which may be very influential with BFG holders and the price of BFG tokens.

Being listed on a large exchange doesn't mean the price will go up or the number of holders will increase, being listed there only provides an opportunity not a guarantee, you can check other casino tokens on binance, at first it wasn't a casino token but after it was taken over by a big casino there was nothing the big one is the price, the trading volume doesn't change big and the price stays stuck and isn't performing well, so as long as Betfury keeps making the token more widely used in the casino and making the casino even bigger it will have an impact on their token.

I would guess that it does provide a guarantee that there will be more holders, it just doesn't guarantee the price. There are way too many people who trade at binance and when you are first listed there that opens up the door for too many people to learn about you, people who never heard about you before will end up seeing it on binance and researching what it is and then some of them will buy some, not saying millions will do, even if it is at least 1 more person, that means there are more people coming in, doesn't matter how many.

However, it also opens up the door for manipulation and speculation at a higher scale so it could become a lot more volatile and crash quicker.

This will matter depends on the utility of the token created also how the dev create a good updates to make their token useful to their holders. If no something like this will happen this token will remain stagnant and maybe no demand will be created even if they are listed on Binance. The pump always start on the dev so they need to create proper use case to their token so that it will be appealing to investor to buy this token.

Fredomago

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Quote from: Beparanf on March 17, 2023, 10:35:27 AM

Quote from: TopTort777 on March 17, 2023, 04:10:33 AM

Those who wish Binance listing so badly, how many BFG do you hold? How many tokens you want to dump so badly that you sleep and dream about listing? I bet you have not more than several hundreds bucks worth tokens. New token listing rarely gives huge price multipliers. Based on coinmarketcap info, alts get x5-x10 on DEXes, so imho expect around x5 in most positive scenarios if BFG gets listed on Binance. What makes that you want to get your thousand or two, and drawn BFG to the bottom. Will it really be worth to drawn BetFury like that?

Binance listing is really useless if there will be no changes on current utility of BFG. BFG is very dry which holders is just relying for the team to have a buy back using part of the casino profit while there’s no transparent report on much casino made to verify the cut for BFG holders share.

I’m holding BFG tokens but not that much. I don’t expect any explosive price pump on this token even if it’s listed on Binance if the team keeps using BFG tokens for their partnership and marketing because they are the one who unload first their token before everyone can.

Yup there's no major pump if the team might be the one who will first liquidate their assets when listing inside binance will take place, but we never know about that, if chance take place and the team manage to list BFG to binance or another good centralize exchange we might see good growth as traders will come up and will also work with this coin.

We don't know and we can't say if what will be the future value of BFG, more on your self trust and assessments.

FanEagle

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Quote from: Strongkored on March 17, 2023, 01:27:46 AM

Quote from: klidex on March 17, 2023, 12:38:08 AM

]Yes, if BFG is listed on a big market like Binance, it will definitely have big holder, because Binance is one of the biggest centralized markets among all markets that allows BFG to get a price increase in the future.
I agree that Betfury considers this suggestion, because we as BFG holders or investors really agree that one day BFG will be listed on a large centralized market.
However, in a large market, there must be a large number of customers or investors there, which may be very influential with BFG holders and the price of BFG tokens.

Being listed on a large exchange doesn't mean the price will go up or the number of holders will increase, being listed there only provides an opportunity not a guarantee, you can check other casino tokens on binance, at first it wasn't a casino token but after it was taken over by a big casino there was nothing the big one is the price, the trading volume doesn't change big and the price stays stuck and isn't performing well, so as long as Betfury keeps making the token more widely used in the casino and making the casino even bigger it will have an impact on their token.

I would guess that it does provide a guarantee that there will be more holders, it just doesn't guarantee the price. There are way too many people who trade at binance and when you are first listed there that opens up the door for too many people to learn about you, people who never heard about you before will end up seeing it on binance and researching what it is and then some of them will buy some, not saying millions will do, even if it is at least 1 more person, that means there are more people coming in, doesn't matter how many.

However, it also opens up the door for manipulation and speculation at a higher scale so it could become a lot more volatile and crash quicker.

Fivestar4everMVP

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Quote from: dwyane36 on March 18, 2023, 02:06:22 PM

Quote from: o48o on March 18, 2023, 04:37:37 AM

This is the first time i even heard that there was any problems with staking draining resources. Obviously they need to fix it and raising it 10x is quite a radical move that wouldn't fly with any coin out there. I don't have enough data to know how many % of staking accounts happens under 100 bfg tokens but i would assume it's too many. They should know what amount helps as they have all the necessary data to make the calculations. But if it wouldn't work they can just raise it.

Imho it would have been just a too radical move to instantly do demand 100x more bfg for staking.

The problem is that Betfury users had too many options for collecting free BFG tokens and, as a result, for free gambling. On the one hand, that was a good idea to attract a new audience. On the other hand, faucets and other free bonuses also attracted a massive number of bots. Honestly, I also don't know what percentage of total active staking accounts has a minimum number of BFG tokens. There are probably tens or even hundreds of thousands of such accounts. In that case, it's understandable why Betfury decided to update the terms for the staking program.

Well, what I know for sure is that free stuffs hardly attract serious people, in this case, gamblers, and I want to believe I wouldn't be wrong if I say that the free giveaways has also contributed to BFG's price remaining cheap, even as popular as Betfury have become.

Anyways, though i am not a regular player on Betfury casino, but i hold a very small amount of BFG token, and i am still very confident that once giveaways stops, the price is gonna improve, till then, i keep holding and watching.

dwyane36

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Quote from: o48o on March 18, 2023, 04:37:37 AM

This is the first time i even heard that there was any problems with staking draining resources. Obviously they need to fix it and raising it 10x is quite a radical move that wouldn't fly with any coin out there. I don't have enough data to know how many % of staking accounts happens under 100 bfg tokens but i would assume it's too many. They should know what amount helps as they have all the necessary data to make the calculations. But if it wouldn't work they can just raise it.

Imho it would have been just a too radical move to instantly do demand 100x more bfg for staking.

The problem is that Betfury users had too many options for collecting free BFG tokens and, as a result, for free gambling. On the one hand, that was a good idea to attract a new audience. On the other hand, faucets and other free bonuses also attracted a massive number of bots. Honestly, I also don't know what percentage of total active staking accounts has a minimum number of BFG tokens. There are probably tens or even hundreds of thousands of such accounts. In that case, it's understandable why Betfury decided to update the terms for the staking program.

o48o

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Quote from: TopTort777 on March 18, 2023, 02:49:32 AM

I think that such “optimization” is not going to help. Stakick entrance amount is very low. Anyone can spend two bucks and continue to leech BetFury system recources and budget.

Btw this is not the first time BetFury is doing optimization against leeches. First they made boxes hourly snd in btc only, than with rank 2 only. Now 100 bfg entry amount. Leech disease seems to be bigger than everyone thought.

This is the first time i even heard that there was any problems with staking draining resources. Obviously they need to fix it and raising it 10x is quite a radical move that wouldn't fly with any coin out there. I don't have enough data to know how many % of staking accounts happens under 100 bfg tokens but i would assume it's too many. They should know what amount helps as they have all the necessary data to make the calculations. But if it wouldn't work they can just raise it.

Imho it would have been just a too radical move to instantly do demand 100x more bfg for staking.

TopTort777

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I think that such “optimization” is not going to help. Stakick entrance amount is very low. Anyone can spend two bucks and continue to leech BetFury system recources and budget.

Btw this is not the first time BetFury is doing optimization against leeches. First they made boxes hourly snd in btc only, than with rank 2 only. Now 100 bfg entry amount. Leech disease seems to be bigger than everyone thought.

klarki

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BFG Staking Program updates.

Quote

BFG Staking will be optimized to reduce the system's load.
From 31.03, the minimum Staking amount will be increased to 100 BFG.

Source link: https://t.me/betfuryofficialchannel/4431

Well, the cost of entry still looks pretty small at only about $1.76. So if this optimization will have a positive effect on the platform, I do not see any problem.

Beparanf

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Quote from: TopTort777 on March 17, 2023, 04:10:33 AM

Those who wish Binance listing so badly, how many BFG do you hold? How many tokens you want to dump so badly that you sleep and dream about listing? I bet you have not more than several hundreds bucks worth tokens. New token listing rarely gives huge price multipliers. Based on coinmarketcap info, alts get x5-x10 on DEXes, so imho expect around x5 in most positive scenarios if BFG gets listed on Binance. What makes that you want to get your thousand or two, and drawn BFG to the bottom. Will it really be worth to drawn BetFury like that?

Binance listing is really useless if there will be no changes on current utility of BFG. BFG is very dry which holders is just relying for the team to have a buy back using part of the casino profit while there’s no transparent report on much casino made to verify the cut for BFG holders share.

I’m holding BFG tokens but not that much. I don’t expect any explosive price pump on this token even if it’s listed on Binance if the team keeps using BFG tokens for their partnership and marketing because they are the one who unload first their token before everyone can.

abel1337

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Quote from: len01 on March 17, 2023, 07:50:42 AM

Quote from: Strongkored on March 17, 2023, 01:27:46 AM

Being listed on a large exchange doesn't mean the price will go up or the number of holders will increase, being listed there only provides an opportunity not a guarantee, you can check other casino tokens on binance, at first it wasn't a casino token but after it was taken over by a big casino there was nothing the big one is the price, the trading volume doesn't change big and the price stays stuck and isn't performing well, so as long as Betfury keeps making the token more widely used in the casino and making the casino even bigger it will have an impact on their token.

very precise statement, I completely agree with what you say.

listing tokens on major exchanges will not guarantee that the token will become more valuable or no guarantee that it will be higher in price. because it all depends on the promotions provided by BetFury to all customers or investors holding BFG tokens. instead of listing the token on the biggest exchange it is better to increase the gamble or hold any promotion or strategy to get high interest in BFG toke to increase its utility more. as you said increase the casino to be bigger and more tokens will be used in that casino. so indirectly the token enthusiasts will increase.

Yep, Being listed on a big exchange doesn't mean that it will experience a sudden price jump. But listing it on a big exchange such as Binance is a good thing given that it will be open new opportunities to BFG such as additional exposure of their token in that exchange. I'm sure that BFG allotted a separate promotional budget for their token promotion before they entered Binance. This way those who are interested with the promotion of Betfury will easily acquire some BFG token in binance rather than any shady small exchanges that personally I wouldn't do a registration. Let's just hope that BetFury had a plan and will implement it effectively in increasing their traffic in the market.

coinerer

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Quote from: LUCKMCFLY on March 16, 2023, 06:12:25 PM

Quote from: beerlover on March 04, 2023, 04:26:42 PM

Quote from: coinerer on March 04, 2023, 08:47:27 AM

Listing any token on Binance is very difficult. And Binance in particular has expressed reluctance to list gambling tokens. So BFG team can never list their token on Binance. But if they list their token on other popular exchanges like Kucoin, gate.io etc.also their token will be able to have a good position. BFG Token is not yet listed on any good centralized exchanger. For this its investors are relatively less. As Betfurry casino site is quite popular, BFG Token is used by gamblers quite a bit for gambling.

I think where it is listed doesn't matter as much as the volume it has. People think that if you get listed on Binance, suddenly you are going to be doing very well, but that's just plain wrong. There are projects that got listed on Binance and it's true that they got a high volume for a few days because it was new but then they dropped down both in price and also in volume and they got delisted.

So, it's much more important to manage a high volume even before you get listed on Binance, and then get listed on Binance. That way you would already have a strong support and you wouldn't be getting delisted from Binance anytime soon, which could only benefit the investor more.

Well, that is something debatable, from my own experience in Binance when they know that they are going to list a particular coin, people seek to trade with that coin, from the beginning, no matter how much development it has, traders will always look for a way to benefit of the coins, for this they must have good support and very good liquidity, in Binance as in any other exchange it gives prestige and makes investors trust more in a coin that is in the best of the exchanges so far, there will be some investors They don't think so, but I know that most of them when they are told that eu will be listed on binance they will look at them to buy.

Binan always lists a good coin and token of a big project on their exchange. Due to which all investors blindly invest in tokens listed on Binance and add high liquidity. So for a project token to be eligible to be listed on Binance they have to solve a lot of difficulties and they have to show proper calculations of usage of all the tokens and they have to have a possible future and potential product. So in this case gambling platform tokens cannot be listed on Binance very easily

piebeyb

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Quote from: TopTort777 on March 17, 2023, 04:10:33 AM

Those who wish Binance listing so badly, how many BFG do you hold? How many tokens you want to dump so badly that you sleep and dream about listing? I bet you have not more than several hundreds bucks worth tokens. New token listing rarely gives huge price multipliers. Based on coinmarketcap info, alts get x5-x10 on DEXes, so imho expect around x5 in most positive scenarios if BFG gets listed on Binance. What makes that you want to get your thousand or two, and drawn BFG to the bottom. Will it really be worth to drawn BetFury like that?

I think they don't have much they only have a little and hope to go up 100x when they enter binance, but is it that easy to enter binance because it takes large trading volume to be listed there, moreover there are also many altcoins and tokens that are removed because of the high trading volume low, don't have to be listed on binance to make the token valuable, at least this casino continues to support their token BFG is more than enough because as we know many casinos leave their tokens even useless in their casinob Grin

len01

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Quote from: Strongkored on March 17, 2023, 01:27:46 AM

Being listed on a large exchange doesn't mean the price will go up or the number of holders will increase, being listed there only provides an opportunity not a guarantee, you can check other casino tokens on binance, at first it wasn't a casino token but after it was taken over by a big casino there was nothing the big one is the price, the trading volume doesn't change big and the price stays stuck and isn't performing well, so as long as Betfury keeps making the token more widely used in the casino and making the casino even bigger it will have an impact on their token.

very precise statement, I completely agree with what you say.

listing tokens on major exchanges will not guarantee that the token will become more valuable or no guarantee that it will be higher in price. because it all depends on the promotions provided by BetFury to all customers or investors holding BFG tokens. instead of listing the token on the biggest exchange it is better to increase the gamble or hold any promotion or strategy to get high interest in BFG toke to increase its utility more. as you said increase the casino to be bigger and more tokens will be used in that casino. so indirectly the token enthusiasts will increase.

o48o

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Quote from: klarki on March 04, 2023, 06:22:04 PM

Quote from: beerlover on March 04, 2023, 04:26:42 PM

I think where it is listed doesn't matter as much as the volume it has. People think that if you get listed on Binance, suddenly you are going to be doing very well, but that's just plain wrong. There are projects that got listed on Binance and it's true that they got a high volume for a few days because it was new but then they dropped down both in price and also in volume and they got delisted.

Exactly, many people mistakenly believe that a listing on major exchanges can solve all problems.
Frankly, at this stage, it is enough to be present on large decentralized exchanges.

Pancake and Biswap now have the highest volume of trades:

USDT/BFG ( Biswap) ~ volume $118,814
USDT/BFG (Pancake) ~ volume $7,728

I find it comforting that CEX doesn't have much volume as in those places it would be mostly paid fake volume that you can buy with the listing service. DeX volume is real, or at least it should be and i haven't heard DeXes offering paid fake volume service yet. It would be difficult/pointless anyway as with every transaction you need to pay a real fee that registers in the blockchain.

But in short: i would trust those numbers. Except any data that comes from Hotbit or Latoken is more or less pointless.

TopTort777

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Those who wish Binance listing so badly, how many BFG do you hold? How many tokens you want to dump so badly that you sleep and dream about listing? I bet you have not more than several hundreds bucks worth tokens. New token listing rarely gives huge price multipliers. Based on coinmarketcap info, alts get x5-x10 on DEXes, so imho expect around x5 in most positive scenarios if BFG gets listed on Binance. What makes that you want to get your thousand or two, and drawn BFG to the bottom. Will it really be worth to drawn BetFury like that?

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 108. (Read 85012 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 108. (Read 85012 times)