Once all of them are mined, no new BFG will enter circulation. Therefore, when all tokens are emitted, this will increase the value of BFG, since new tokens will not enter the market, and existing ones will be burned periodically. Currently, BFG has many utility opportunities: Staking, playing, getting bonuses, and trading. Then the only way to get BFG tokens will be to exchange them.
I am hoping that this is a promise you are going to keep, as this totally changes my whole perspective on BFG tokenomics. What do you think are the main reasons why people would keep playing in Betfury without mining incentives? I mean there are ton of good casinos out there so what's your gimmick that would make people choose to keep coming in here without mining that made this somewhat a special place? Or is there some secret marketing tactic you can't yet reveal?
That's a good question and I am also wondering that, but we can only hope that they already have something in mind when that happens. Some time ago, they increased the mining price significantly (with a costumer vote), so the next couple of years we can still mine tokens to get more dividend.
I think that Betfury should play it all here, from the beginning there was something that did not suit me very much, it is that there are too many toekns and a lot of circulation of them could be the solution for them to burn and become even more profitable, but all the count of toekns It makes investors with many toekns when calculating everything they have to get in order to have a fairly acceptable ROI until now it is not given, I don't know, I'm talking that each holder should have at least 7%, 8% for to ensure a great return on investment and that is very difficult in the current situation, I as Betfury played the card of putting the BFG in the best level 1A exchanges at any cost so that it does not die trying. The market is like a jungle.
In general, in the tokenomics of tokens such as BFG, there is no such sharp decline in staking revenues.
The decrease in staking income for any token is usually quite smooth and there are no such sudden changes. Of course, if we talk about the tokens themselves, without taking into account changes in its exchange rate against the dollar. Of course, such a picture is possible when the price of the token itself falls sharply. But such a sharp drop in the price of BFG in recent years, it seems, has not been. The exchange rate fluctuations were quite within acceptable limits. And now the token is recovering a bit in price.
So it’s not entirely clear why you write and reduce the income from staking by 6-7 times at once.
You can't compare staking system with other tokens or coins either. BFG staking isn't about securing the chain or anything like that, and dividends aren't paid in BFG but other various altcoins. The decrease in staking income for any token is usually quite smooth and there are no such sudden changes. Of course, if we talk about the tokens themselves, without taking into account changes in its exchange rate against the dollar. Of course, such a picture is possible when the price of the token itself falls sharply. But such a sharp drop in the price of BFG in recent years, it seems, has not been. The exchange rate fluctuations were quite within acceptable limits. And now the token is recovering a bit in price.
So it’s not entirely clear why you write and reduce the income from staking by 6-7 times at once.
It's quite unique model. I personally don't understand why people are buyng it now, you can't calculate how much you are making even month from now even though there's a calculator for that. But one thing is sure. At this rate you are not going to make back your investment like ever. Only way to do that is by selling your tokens if token price suddenly rises, not dividends.
Yes, you are absolutely right, the calculators say it all, however I think the purpose of all this is that people buy many tokens so that they can have a better vision of the tokens in the future, of course many have to be burned, because when I take the account right now I think that it is not profitable nor are the profits encouraging, but the hope is that more are burned and a deflationary economy can be created, and that as time progresses it will be much more limited, with The caveat is that they don't print more tokens because otherwise it wouldn't be profitable, I don't remember the whitepaper very well, but I think they won't do something like that.
