Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 129. (Read 85291 times)

Well, a while ago when some casinos were starting up, I recommended that signature campaigns were something that is very good, whatever is in favor of marketing that pays for itself over time, at that time I received no criticism, and they tried to make fun of it, but in itself I don't care, because I know that they lack sense and they still don't have a very good financial culture and obviously they don't have a business development thought, therefore the business model is obviously a success with signature campaigns, If not, let's look at stake.com, bitcasino.io, duelbits, rollbit, roobet, and many more companies that I would not be able to name them all, then a simple logic, nobody is going to give away money, they know that if a signature campaign is executed it will bring clients, traffic and good players, I hope Betfury sees this, they need this, and they themselves know that from the beginning they hooked everyone because they invested in marketing campaigns.


It would be good if they could increase the price of the topken, because basically when an investor wants to see the potential of the token and doesn't see that it can have a sustained surge, they simply won't be interested, I think Betfury should appeal because their token has more interesting, I don't know, let them start as they did in the beginning, make campaigns where they offer their tokens, maybe they can make their own internal forum where they give rewards in the token for posting in their forum, these things could help a lot to raise the price, but I don't know how the marketing executive thinks, maybe they are studying this type of option.

The design of casino utility is for long term because it’s highly dependent on the casino  profit to boost the price from the token burn mechanism and buy back. BFG tokens is used for casino rewards, marketing and team token since they are startup casino. Don’t expect that this token will pump like typical altcoins since the token supply vesting is not yet finished IIRC.

Real price of BFG will be determined once sell pressure coming from those I mention above already stop and the team is consistently boosting the price using the casino profit. Investing right now is the best opportunity before those consistent big buy backs occur since Betfury is already an established casino.

This pretty much happens to any other token out there, and not just BFG. You can't control demand. people rush to buy and hold tokens they feel they will profit from in the short run. People FOMO due to hype

If the token has no hype, however good it is, it will stay down. Bitcoin is revolutionary, you can't compare it to BFG.

Either betfury create another usecase for the BFG tokens or figure out new bonuses, or their token will never gain popularity or demand. Who would buy to get dividends when staking other altcoins gives more profit for holders. Id better stack DEX altcoins, then bother obtaining BFG.

What was BFG ATH? A bit more than 3 cents. And that was not even during week when ATH got new ATH and pulled every other altcoin price. What was BFG doing when BTC got new ATH? Loosing its value. Imho when (or if) BTC get a new ATH, we wont see a huge change in BFG price.

Betfury said their goal is to get to #100. The best they did is to enter 3k range. Since appearance, all BFG was doing is loosing its value. Imho platform is more focused on earning from gambling, then on their own token. That is why we are not going to see price increase.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 ?

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

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.

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.

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.