🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 118.

delfastTions

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Quote from: dimonstration on January 21, 2023, 11:55:14 AM

In Betfury case. They are using the BFG tokens for there marketing expenses which cause the price of there native token slip continuously. They are sacrificing the token value for now to promote the casino since it will be the one who will contribute a stable profit rather than prioritize on making there token price higher because we all know that it’s just a temporary profit compared when Betfury casino is having a stable good income coming from the customers that they attract through promotion using token.

Betfury is now one of the biggest web3 casino available in the market that generates huge income. I think there early sacrifices for there token is now giving a good effect because they can do now token burn to slowly built the price up.

I think that such tokens as the main BFG token issued by Betfury will, of course, also grow in price when a bullish period occurs in the entire cryptocurrency market.
But, I already see that the maximum increase in the exchange rate is now mainly in bitcoin and ethereum. In sum, these two assets still make up about 60% of the total cryptocurrency market capitalization. This means that some of the tokens will inevitably grow in price not as quickly and actively as the above two main coins. And here I think that BFG will also not have such a rapid, strong increase in its price, but still it will grow in price gradually. In this regard, it would probably be a smart decision to temporarily move your BFG assets to top cryptocurrencies, but temporarily. And then buy BFG, before the period of stabilization of the current state of the market. I think it would be logical.
No, I don't know, maybe the Betfury devs will come up with something good that can drastically increase the price of BFG. Then such a strategy, of course, will not work. These are also possible.

dimonstration

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Quote from: el kaka22 on January 21, 2023, 08:02:38 AM

Quote from: FanEagle on January 20, 2023, 05:44:35 AM

I would guess that even if the price being not so high is a trouble for them, they were not trusting the token price to be high to keep the business going, but they probably didn't believe that they could spend money on something that wasn't profitable at the moment neither.

And that is okay, if they do not want to, they do not have to, they as a business could avoid that and it's their right, if your decision for this is to leave and find a place that keeps on developing, or already developed higher, then it's your decision and I can't comment on that too much, whatever you want to do is your own decision. I will come here time to time no matter how much developed it is.

That's true, if you are a casino with a token that means the token means something for your business overall. It may not be the only one, if some whale comes in tomorrow and wagers 100 bitcoins away, that means they just made 20 million dollars in a single day because the whale gambled it and lost it.

However, what are the odds of that? So, it's better to have a sustainable way of making money which would be having the token at a higher price, not because they would sell, but they would make more money as well instead of just the customers. This is why it's crucial for the bull market to come back, to keep this company alive, hell we see bankrupting companies like collapse of ftx during bear period, so bull is needed for ALL crypto related companies.

In Betfury case. They are using the BFG tokens for there marketing expenses which cause the price of there native token slip continuously. They are sacrificing the token value for now to promote the casino since it will be the one who will contribute a stable profit rather than prioritize on making there token price higher because we all know that it’s just a temporary profit compared when Betfury casino is having a stable good income coming from the customers that they attract through promotion using token.

Betfury is now one of the biggest web3 casino available in the market that generates huge income. I think there early sacrifices for there token is now giving a good effect because they can do now token burn to slowly built the price up.

el kaka22

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Quote from: FanEagle on January 20, 2023, 05:44:35 AM

I would guess that even if the price being not so high is a trouble for them, they were not trusting the token price to be high to keep the business going, but they probably didn't believe that they could spend money on something that wasn't profitable at the moment neither.

And that is okay, if they do not want to, they do not have to, they as a business could avoid that and it's their right, if your decision for this is to leave and find a place that keeps on developing, or already developed higher, then it's your decision and I can't comment on that too much, whatever you want to do is your own decision. I will come here time to time no matter how much developed it is.

That's true, if you are a casino with a token that means the token means something for your business overall. It may not be the only one, if some whale comes in tomorrow and wagers 100 bitcoins away, that means they just made 20 million dollars in a single day because the whale gambled it and lost it.

However, what are the odds of that? So, it's better to have a sustainable way of making money which would be having the token at a higher price, not because they would sell, but they would make more money as well instead of just the customers. This is why it's crucial for the bull market to come back, to keep this company alive, hell we see bankrupting companies like collapse of ftx during bear period, so bull is needed for ALL crypto related companies.

Fredomago

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Quote from: LUCKMCFLY on January 20, 2023, 03:38:56 PM

Quote from: arwin100 on January 13, 2023, 07:20:37 AM

Quote from: Solosanz on January 13, 2023, 02:37:25 AM

Quote from: len01 on January 12, 2023, 03:18:59 PM

but it would be better if the campaign was continued to build good trust than before. so there is no doubt from the gamblers here.

Run a signature campaign and other promotions in this forum have nothing to do with the casino reputation, any project can create any promotions but it just help for brand awareness and attract people to gamble on their site. 1xbit is an example where they're not having any good reputation and still want to run signature campaign, there's no one can force them to stop because this forum doesn't moderate scam.

1xbit still see this forum as good place to get large number of costumers so even if they have bad feedbacks coming from various people they still choose to run a campaign so that they can till get a exposure here. But since Betfury is somehow what we can look as reputable casino this campaign can help them since this could extend their exposure and as well many gambler might get redirect to their thread to create some good discussions about them.

I see the sign campaigns as an excellent option for casinos to have more legitimate traffic, we know that there are players here who play quite hard with high bets and this is something that gives a casino quite a few privileges, because these strong bettors make The casino continues to level up, of course not only because of the high rollers, there are some players who do not have a lot of money but who like to play, try their luck, make some deposits once in a while to enjoy a casino, participate in bonuses, and the signature campaigns in the best forum in the world (which for me is bitcointalk) gives much more legacies to any company.

The value of having signature campaign is indeed have good impact to the business, but it is always depends from how the marketing team see the aftereffect of this advertisement, they are still the final assessors whether to continue or they need to stop and find a new way to attract gamblers to use the platform/services.

Your point is valid. There are gamblers around the forum who noticed the casino if they have signature campaign, gamblers who occasionally play, and also some who really engage with gambling that can be converted as loyal client.

LUCKMCFLY

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Quote from: arwin100 on January 13, 2023, 07:20:37 AM

Quote from: Solosanz on January 13, 2023, 02:37:25 AM

Quote from: len01 on January 12, 2023, 03:18:59 PM

but it would be better if the campaign was continued to build good trust than before. so there is no doubt from the gamblers here.

Run a signature campaign and other promotions in this forum have nothing to do with the casino reputation, any project can create any promotions but it just help for brand awareness and attract people to gamble on their site. 1xbit is an example where they're not having any good reputation and still want to run signature campaign, there's no one can force them to stop because this forum doesn't moderate scam.

1xbit still see this forum as good place to get large number of costumers so even if they have bad feedbacks coming from various people they still choose to run a campaign so that they can till get a exposure here. But since Betfury is somehow what we can look as reputable casino this campaign can help them since this could extend their exposure and as well many gambler might get redirect to their thread to create some good discussions about them.

I see the sign campaigns as an excellent option for casinos to have more legitimate traffic, we know that there are players here who play quite hard with high bets and this is something that gives a casino quite a few privileges, because these strong bettors make The casino continues to level up, of course not only because of the high rollers, there are some players who do not have a lot of money but who like to play, try their luck, make some deposits once in a while to enjoy a casino, participate in bonuses, and the signature campaigns in the best forum in the world (which for me is bitcointalk) gives much more legacies to any company.

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Quote from: Silberman on January 18, 2023, 10:40:22 PM

Quote from: Fivestar4everMVP on January 15, 2023, 07:11:24 AM

Did they really have to depend on the price appreciation of their token to keep development ongoing? Not cool and does not predict good for the casino if you ask me.
This is a gambling casino we are talking about here, how about the profits they make from their gambling business, does it mean that that fund can not keep the casino running well?
Having to purse development all the price of the token isn't doing well is one I wouldn't expect, because this would make me want to ask , what about other casinos that doesn't have their own token and, yet have continued to develop their platform ?

It was just a supposition as I do not know what is the reason for the lack of updates on their roadmap which other users have noticed it, and while you are right that such a thing would not be a good sign as there are many other casinos without their own exclusive tokens which are still developing even now, at this point the only ones that know what are the real reasons behind the lack of updates are the owners of betfury and whoever is part of their circle.

I would guess that even if the price being not so high is a trouble for them, they were not trusting the token price to be high to keep the business going, but they probably didn't believe that they could spend money on something that wasn't profitable at the moment neither.

And that is okay, if they do not want to, they do not have to, they as a business could avoid that and it's their right, if your decision for this is to leave and find a place that keeps on developing, or already developed higher, then it's your decision and I can't comment on that too much, whatever you want to do is your own decision. I will come here time to time no matter how much developed it is.

Silberman

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Quote from: Fivestar4everMVP on January 15, 2023, 07:11:24 AM

Quote from: Silberman on January 14, 2023, 10:34:20 PM

Quote from: dwyane36 on January 14, 2023, 05:38:29 PM

If I'm not mistaken, Betfury used utm tags in the links of the last signature campaign. So its marketing team could easily evaluate the results of the signature campaign and make appropriate conclusions about it.
Honestly, lately, I've been more concerned about Betfury's roadmap rather than its marketing team's strategy. The problem is that Betfury stopped updating the roadmap more than six months ago, and now it's the middle of January, but there's still no new roadmap for this year. So we can only guess whether Betfury will somehow develop its platform by adding new features and events or not.

It is possible that like any other person or business related to cryptocurrencies they needed to cut down on their expenses and instead of trying to develop new features it was decided that it was better to simply keep things as they are and just patch critical bugs and wait until things get better, and now since their token has grown in value 38% during the last two months they could update their roadmap and start to develop new features once again.

Did they really have to depend on the price appreciation of their token to keep development ongoing? Not cool and does not predict good for the casino if you ask me.
This is a gambling casino we are talking about here, how about the profits they make from their gambling business, does it mean that that fund can not keep the casino running well?
Having to purse development all the price of the token isn't doing well is one I wouldn't expect, because this would make me want to ask , what about other casinos that doesn't have their own token and, yet have continued to develop their platform ?

It was just a supposition as I do not know what is the reason for the lack of updates on their roadmap which other users have noticed it, and while you are right that such a thing would not be a good sign as there are many other casinos without their own exclusive tokens which are still developing even now, at this point the only ones that know what are the real reasons behind the lack of updates are the owners of betfury and whoever is part of their circle.

dwyane36

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Quote from: LUCKMCFLY on January 18, 2023, 09:47:17 AM

I think something, if we see the casino from a business point of view, it is not bad that they allocate a lot of funds to marketing, especially here in the forum they have good results, I don't know if they remember it, but when Betfury was in its beginnings they They started with some very strong campaigns here on bitcointalk and on the altcointalks forum, and that was a great success at the time, but why?

Yeah, Betfury's first signature campaign was definitely successful. By the way, it's worth noting that Betfury also had other successful cases of promoting its platform. For example, Betfury announced a BTC puzzle in mid-2020, which was solved only six months later. Obviously, this kind of marketing is also a good option to promote the project because the Betfury team only spent 0.5 BTC (~$5k) on the prize, while this puzzle attracted new users to the website for at least half a year.

LUCKMCFLY

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Quote from: ?? on ??

Quote from: Ojima-ojo on January 12, 2023, 11:42:42 AM

It all depends on the area of interest of the casino so betfury according to history has been around for a while now in this forum and their hard signature campaign some time ago but any time their want to run another one they can easily start up again.

All casino interest on promotion is to cover most of the social media and forum. They just have some priorities based on there marketing budget allocations which sometimes makes them focus on one platform that gives them a positive output. Betfury account is still active here but they don’t want to engage on user discussion which means they are not interested to socialize on Bitcointalk community.

They are become involved on discussion here when there’s a signature campaign or an important issue that involves them.

I think something, if we see the casino from a business point of view, it is not bad that they allocate a lot of funds to marketing, especially here in the forum they have good results, I don't know if they remember it, but when Betfury was in its beginnings they They started with some very strong campaigns here on bitcointalk and on the altcointalks forum, and that was a great success at the time, but why? because they offered good payments in tokens, and when there is a very good reward with tokens and what is promised is great, many will start working with great interest, but I know that many bitcointalk users, when they see that they are tokens that pay very little, at least the most prominent users will not be interested if you don't earn enough.

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Quote from: Fredomago on January 17, 2023, 08:34:38 AM

Marketing side of BetFury are the one who's in-charge to what they think is best for the business, I get both your point and it's valid they do have a different point of view or maybe they are just doing some assessment, they will provide update if ever they decided to bring the signature back, only the marketing team can discuss their plans and the good thing is they always provide updates here.

Rather than focus on signature campaign or marketing strategy, Betfury must clear their name since there's 2 DT members leave negative feedback on their account. This is not good since any users will think they're scammer and don't want to gamble on Betfury.

Betfury doesn't need to scared if they think they're in right side, they can explain briefly on Reputation section and ask for the communities if they're not deserved to get those feedbacks. But if they're don't care with their reputation, it's what it's.

Fredomago

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Quote from: piebeyb on January 17, 2023, 04:57:15 AM

Quote from: TopTort777 on January 17, 2023, 04:41:46 AM

If you want to discuss how effective signature campaigns are, we need to get signature campaign results first imho. So far we only know how it cost to run a signature campaign for one week. We can only calculate the expenses. But I have seen anyone sharing how much new gamblers signature campaign has attracted, how much they have deposited, wagered, lost, at least what games they play or where they click. We seen only one side of signature campaigns. What if all signature campaigns we have are just a waste of budget? Did you think about that?

Imho Betfury uses different strategy. They prefer to boost the amount of new registrations and etc during their events, than have a stable amount of activity, like Duelbits, Stake, Roobet or Betnomi has for example. Cant blame them for anything. It is their strategy, their vision, their budget.

all casinos have different marketing strategies so this is not only talking about the budget but also their way of marketing, I don't think they stopped the signature campaign it doesn't mean their casino is abandoned by many gamblers in fact I'm sure many active gamblers are still playing in their casino so there are no statistics either about signature campaigns so it's enough for them to know about that

Marketing side of BetFury are the one who's in-charge to what they think is best for the business, I get both your point and it's valid they do have a different point of view or maybe they are just doing some assessment, they will provide update if ever they decided to bring the signature back, only the marketing team can discuss their plans and the good thing is they always provide updates here.

Moving forward, the business still running and those who are playing and investing in this business still proceeding, they are aware that the business is still surviving and moving forward.

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Quote from: delfastTions on January 17, 2023, 04:44:38 AM

Like the Duelbits signature campaign for example, it's already week 120 and recently the Duelbits devs have also increased the number of participants from our fellow forum members. Probably such campaign signatures are quite effective.

Or they just want to stay noticed, as the amount of gambling signature campaigns or gambling sites are increasing all the time. Take for example mixer signature campaigns. Mixers are needed, they are demanded, but we dont see a lot of mixer signature campaigns. Probably we have 2-3 and about 2 campaigns that are running for lot of weeks. Demanded, "signatures are effective", yet mixer signature campaigns are rare. Strange, isnt it ?

piebeyb

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Quote from: TopTort777 on January 17, 2023, 04:41:46 AM

If you want to discuss how effective signature campaigns are, we need to get signature campaign results first imho. So far we only know how it cost to run a signature campaign for one week. We can only calculate the expenses. But I have seen anyone sharing how much new gamblers signature campaign has attracted, how much they have deposited, wagered, lost, at least what games they play or where they click. We seen only one side of signature campaigns. What if all signature campaigns we have are just a waste of budget? Did you think about that?

Imho Betfury uses different strategy. They prefer to boost the amount of new registrations and etc during their events, than have a stable amount of activity, like Duelbits, Stake, Roobet or Betnomi has for example. Cant blame them for anything. It is their strategy, their vision, their budget.

all casinos have different marketing strategies so this is not only talking about the budget but also their way of marketing, I don't think they stopped the signature campaign it doesn't mean their casino is abandoned by many gamblers in fact I'm sure many active gamblers are still playing in their casino so there are no statistics either about signature campaigns so it's enough for them to know about that

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Quote from: tygeade on January 16, 2023, 02:02:51 AM

Quote from: TheGreatPython on January 14, 2023, 02:02:41 AM

It's just about the money, nothing more. Obviously they would love to have a signature campaign that would be 100% running for many years, why wouldn't they want such a thing? But, let's also be real about the fact that we are not going to get something like that easily, it's going to be quite tough and why would they want to pay for something like that out of their own pockets?

It's also good to remind everyone that this is a tough business to be in and every dime matters, in a situation where we are expecting them to be like that, we are forgetting the fact that they are not spending money just on this, there are a million other places they have to spend that money on.

I think it is a bit about money, but not all of it is about money neither. It's about basically optimization, which means even if you had 100k dollars to spend on marketing, would you rather pay 50k of that on signature campaign and 50k on something else, or 20k on signature and 80k on something else?

I think they have realized that they could optimize the marketing to a less signature heavy, more about other things and using it that way. Just recently they gave out 1.2 million dollars rewards, I am sure that they could have like 1k per week marketing here that could go on for 52 weeks, costing them 52k a year, which shouldn't be that big. So I agree that it's a bit about money, but not all.

So after all, devs probably know how best to allocate their entire budget for advertising and promoting their project on the market.

Of course, we can advise them as much as we like, and calculate the costs of one or another type of promotion of this casino, but we are all ordinary users of our favorite forum and have no idea how the casino marketing guys work. And we obviously lack information about the budget for advertising and about the most effective ways to advertise the casino. We can only guess which is better which option to use. I think that repeated signature campaigns that resume after a break are not very effective compared to those signature campaigns that last continuously for many years. Like the Duelbits signature campaign for example, it's already week 120 and recently the Duelbits devs have also increased the number of participants from our fellow forum members. Probably such campaign signatures are quite effective.

This should be taken into account and the devs of this project.

TopTort777

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If you want to discuss how effective signature campaigns are, we need to get signature campaign results first imho. So far we only know how it cost to run a signature campaign for one week. We can only calculate the expenses. But I have seen anyone sharing how much new gamblers signature campaign has attracted, how much they have deposited, wagered, lost, at least what games they play or where they click. We seen only one side of signature campaigns. What if all signature campaigns we have are just a waste of budget? Did you think about that?

Imho Betfury uses different strategy. They prefer to boost the amount of new registrations and etc during their events, than have a stable amount of activity, like Duelbits, Stake, Roobet or Betnomi has for example. Cant blame them for anything. It is their strategy, their vision, their budget.

tygeade

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Quote from: TheGreatPython on January 14, 2023, 02:02:41 AM

It's just about the money, nothing more. Obviously they would love to have a signature campaign that would be 100% running for many years, why wouldn't they want such a thing? But, let's also be real about the fact that we are not going to get something like that easily, it's going to be quite tough and why would they want to pay for something like that out of their own pockets?

It's also good to remind everyone that this is a tough business to be in and every dime matters, in a situation where we are expecting them to be like that, we are forgetting the fact that they are not spending money just on this, there are a million other places they have to spend that money on.

I think it is a bit about money, but not all of it is about money neither. It's about basically optimization, which means even if you had 100k dollars to spend on marketing, would you rather pay 50k of that on signature campaign and 50k on something else, or 20k on signature and 80k on something else?

I think they have realized that they could optimize the marketing to a less signature heavy, more about other things and using it that way. Just recently they gave out 1.2 million dollars rewards, I am sure that they could have like 1k per week marketing here that could go on for 52 weeks, costing them 52k a year, which shouldn't be that big. So I agree that it's a bit about money, but not all.

erep

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Quote from: len01 on January 15, 2023, 03:15:04 PM

well that's what I mean. maybe not reputation but rather just oblivion and if any new gambler jumps into this forum looking for online casinos it will definitely be quicker to see casinos that still have signature campaigns. because usually new gamblers who have just joined this forum are looking for a good online casino, they don't know about the gambling board and sometimes they only see the signatures of forum members.

but back to the main topic, I hope that Betfury will still run its signature campaign, even if it only selects a small number of forum members so that it will still be seen or not forgotten.

They can allocate from the promotion funds to run new signature campaigns to increase their promotion in the forum, you may be right about the statement above that everyone will see the signature code of each account to be added to the list of gambling platforms, so apart from increasing traffic to gambling websites but also increase the trust of gamblers, signature promotions are very effective to support the increase of new users, increase the reputation of the casino and casino revenue will further increase.

len01

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Quote from: logfiles on January 15, 2023, 05:39:34 AM

-.

But to be honest, according to my observation, casinos or services that run long term campaigns are the ones to seem to thrive more rather than those to keep starting up short campaigns. Once you introduce lets say a 2 months campaign, you get known in those two months after which signatures are removed and next thing that happens is people forget that the service even exists

well that's what I mean. maybe not reputation but rather just oblivion and if any new gambler jumps into this forum looking for online casinos it will definitely be quicker to see casinos that still have signature campaigns. because usually new gamblers who have just joined this forum are looking for a good online casino, they don't know about the gambling board and sometimes they only see the signatures of forum members.

but back to the main topic, I hope that Betfury will still run its signature campaign, even if it only selects a small number of forum members so that it will still be seen or not forgotten.

o48o

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Quote from: bittraffic on January 15, 2023, 01:44:19 PM

What happened to the loyal followers of Betfury by the way? If they are so Loyal I t think they should keep the signatures especially if they are staking thier BFGs in the casino.
-cut-

Why would anyone be loyal to a casino that doesn't care for their token investors. When dividends are just going to get diluted more and more, and there is no plan for the tokens, why would anyone want to risk it and hodl those tokens or advertise that casino?

They lost my loyality soon after BFG was released to markets. After that they had all the time to fix the tokenomics, but instead of doing that they went on the trendy road of farming. I haven't completely lost my faith in them because tokenomics could still easily be fixed. It just looks like they don't want to do it.

RealMalatesta

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Quote from: arwin100 on January 13, 2023, 07:20:37 AM

1xbit still see this forum as good place to get large number of costumers so even if they have bad feedbacks coming from various people they still choose to run a campaign so that they can till get a exposure here. But since Betfury is somehow what we can look as reputable casino this campaign can help them since this could extend their exposure and as well many gambler might get redirect to their thread to create some good discussions about them.

It' not the same thing, we are talking about a casino that basically stole peoples money and still doing campaign to get some more people be convince that they are legit, we are all aware that they are not legit at all and that's fine, it's not a big issue if you ask me because if people are incapable of checking if a place is legit or not then it's their own fault, you could literally check their profile and see it, it's that simple.

On the other hand, betfury is an amazing place and when they do a marketing campaign that means people will realize how amazing they are, they may not know it yet, because they never heard of it or checked it, but with marketing they will get to learn more about it.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 118. (Read 82161 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 118. (Read 82161 times)