Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 11. (Read 84776 times)

I have checked both for coingecko & coinmarketcap and there's a huge ranking difference from both sources. But with what you've said, it's down now to rank 952.

So that's a quick move up for BFG.

Well, that's true about listing it on other popular exchanges. I guess they all knew about that from the very start but they don't want to extend it anymore. Volume seems to be increasing based on a three-month chart.

Betfury token have gained a lot of popularity and that can be seen in how much it discussions are being held in this thread and even outside this thread and that can be pointed to one thing which is that the token is much active in the market, and regardless of what the value of the token is, I think what is most important to most of those that comment here is the fact that they can use that token as a utility tokens on the betfury casino which is what is most important compared to the value of the token in the exchange market, because the values of the token have been a lot volitile and have not increased significantly in recent time, but yet the volume on usage is still very high which indicates that players on the betfury casino are very much funding their account using the token so as to get the most out of the advantage that comes with using the casino native token to gamble on that site.
The token wasn't developed to target market, because the token is more of a utility tokens and not for trading and speculations so regardless of what the value of the token is, the team is more concerned with the token usage in the casino and how flexible it is to use the token on betfury as compared to other alternatives currencies that gamblers can use on the casino.

It helps for the project being listed to a much bigger exchange,  it's been quite a while but like what both of you said,  it's only the team who can work on it and those who still supporting this asset just need to wait for whatever update the team will provide, as long as the project still moving and there's still volumes it's going to depend with traders and investors whether they continue holding or look for other options and opportunities.

I use CoinGecko to check the BFG position and right now, the token lift its position to be #964. That a good moves as yesterday the number was at #992. Listing to many popular exchanges will help BFG to gain more trader and investor so that will help them to lift their position. Maybe we don't know what plan that the BFG team have and want to work because they will not tells all of their plan to public. So we can only wait for them show what they will do with their token and hopefully, that can lift their token position better.

As I see, the aggregator sites rank the BFG token slightly differently. The CMC site ranks the BFG token at the 720th spot with a circulating supply of 1,1 billion tokens, while the coingecko site displays a circulating supply of 1,03 billion BFG tokens, and accordingly, the market cap is slightly lower.
In any case, the BFG token will only be able to move up if it is listed on at least a couple of popular exchanges. But as I understand, the Betfury team has no plans to do so soon.

Yes, you are right. All casinos want to have bigger profit so they will do many things to attract more gamblers to play in their sites. But they also gives another benefit to their gamblers to be an investor by staking their token. We see that the investor can increase their BFG token while they playing gambling. That is the advantage they can get from the staking.

While BFG token now is at #992, it seems still difficult to lift their position. But everything can be possible to happen so they still have a chance to increase their token price. Maybe that can give them a better position in the market. People who already invest in their token will get their profit when that is happen.

I think the rise in BFG's price is disadvantageous for the casino because bets would become too expensive for many users, especially those with smaller balances. This would reduce activity on the platform as people might bet less frequently or hold onto the token, hoping for further price increases. Additionally, volatility could lead to significant losses if the price suddenly drops. Ultimately, Betfury might lose part of its user base and be forced to revise its betting policies.

Yes, that updated tokenomics and the burning process initially looked good on paper, but it's been a few months since then, and unfortunately, it still doesn't work as well as BFG holders would like. By the way, the volume of their last burning transaction was only $21k, which is noticeably less than it was a year ago.

I guess I see this done by RLB and so far they impressed their community by having that token burning every month if I'm not wrong. If BFG could able to have this maybe there's something good will happen to their token and somehow people might think about acquiring then hold it since there's something like this happening. But BFG team didn't think about that yet and the only thing they could offer is the current one we see.

But who knows maybe they have other plans. So let see how they take action on certain situation happened on BFG and if they listed on the suggestion of people in their thread. Many people want to see BFG pumping since for many months it didn't get much good price movement.

If we don't count the tokens that are burned because they are lost in gambling (which are provided by users themselves), they are just burning tokens from their own treasury (which they misleadingly call buyback bwt). Those tokens were never going to be on the free market, so "buying" them and burning them is not creating support .

So that's not in any way contributing to price. What it's technically contributing to, is rising the marketcap, and that's misleading as well, because marketcap is traditionally counted only with circulating tokens, and those tokens weren't planned to be in real circulation anyway, so burning then is a just smoke and mirrors and a charade. They aren't even using their profits to "buy" it back.

Instead of buying back, they burn tokens every month. This should help to increase the price, but it only helps to save it from going down. Maybe they should burn more tokens monthly. 50-60k dollars worth burn isnt enough. Probably. I dont know. Anyway, it does not look that BFG token get any real price growth, instead of correcting to current Bitcoin price. Maybe it will be smart to readjust account levelling, cashback and rake back to amount BFG user hold (the more you hold, the more % you get), but it seems it is too late to do that.

Betfury held a signature campaign on this forum several years ago, and many forum users, including myself, received good rewards for participating. The casino also ran several shorter campaigns. I believe Betfury established itself as a reliable casino by paying out rewards to campaign participants. That's why this thread remains active, with ongoing discussions.

What are you talking about? There are 3 gambling tokens over BFG in coinmarketcap and Rollbit announcement is full of $RLB talk, starting from latest posts. So has Shuffle ANN and Fun token of Freebitcoin wasn't really main attraction in the first place, and i haven't followed all those pages if people still chat about it.

Difference here is that others aren't disappointed with their casino. Other casinos have an actual plan and sensible tokenomics.

I understand if you want to keep positive attitude and focus on things that make sense and work, but it's the team who build the casino wrapped to the token fundamentals. That token was supposed to be for attracting users, but funny enough, with their marketing and fundamentals, that token ended up being probably the main reason why they ended up losing lot of customers.

Also i am not sure if Betfurry typo was accidental but it was hilarious.

AFAIK, They have a lot of players of we are just talking about sheer number of players playing in the casino since they do a lot of partnerships with bunch of shitcoins community in exchange for an airdrop rewards which they can use on the casino.

The weak side of Betfury is they abandoned the investor side of their casino while they continue draining the reserve pool liquidity for different expenses related to casino marketing.

There’s no saving on this kind of tokenomics that’s why it’s very hard to make holders commit on holding long term.

I don't really understand why Betfury choose to not focus in this forum, I think this forum is the one who make them big because this thread is quite active even though they didn't run any promotion and keep in touch with the gamblers. It's not easy for casino without promotion can survive in this forum, most of them are being abandoned by the gamblers.

Even Rollbit Coin as the biggest market cap in gambling tokens didn't even reach top 100 lol.

however majority of us not happy with their approach so far, as they haven't applied dynamic strategies to attract more players. I think introducing more promotions for these casinos could open up new ways to engage and keep audiences.
of-course change is bound to happen, and it could be a fun way to bring people together and attract new players. I'm looking forward to seeing more creative ideas in the future.

The way they use their BFG tokens as reward token only with minimal benefits for holders make this token very hard to be in top 100. The circulating supply is always flooded by the new tokens being generate as form of rewards that immediately sold in the market.

The only way to boost the price is to have a regular buy back that is greater to the amount of token being distributed as rewards in the casino and other form of Betfury marketing that pay in airdrop.

I guess their plan is not anywhere close to attracting more investors... they are a casino, and they want to attract more players, and they doing that by investing in different promotions and on-site perks. BFG is just one of the perks... by holding them (staking) on the site you get some coins, or you can stake them to get more BFG. You can also use it for gambling if you want to.

Maybe they will change the course one day, or maybe not... I guess we will see.

Each token will have possibility to be coinmarket's top 100 but they must competes with the other coins which is not easy. If BFG can be in the top 100 lists, they will attract more investor to invest in their project while they can also playing gambling in their site. I guess the team will work hard to make sure their token can get a better position and will give their best to their previous investor. When the investor see the BFG price increase, that will makes them happy because they can sell their BFG token at the high price and make a profit from the token. That will also attract more investor to come to their project.

At the time, Betfury wrote that post in 2021, the threshold for the top 100 was ~641 mln, i.e. it was slightly less than it is now. But you correctly noted that it's unrealistic to reach the top 100 without listing on popular exchanges.
By the way, it's funny that any hyped meme token without any utility can get into the top 100 without any problems, while more interesting tokens with utility can't do that. And the BFG token is just an example of that.