Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 140. (Read 85273 times)

You should take note that BFG token supply has higher emission rate compared to Bitcoin due to the difference of mining difficulties for both tokens. BFG tokens flooded the circulating supply faster since they still have a lot of tokens that can be unlock which is why the price keeps dropping despite the price is at the lowest level since BFG is a reward tokens and token holders will surely liquidate it on other valuable tokens since they only get it from rewards. Only few is interested to purchased a token since they know that many user get it for free by just playing in the casino.

BFG token price will stay low until the emission rate will decrease and token burn is increase so that the circulating supply will not flood the market that create sell pressure.

Thank you for your answers. But unlike one of the examples, people sold their BTC at maybe 20000 cause they bought it at 10000 or 5000. For the BFG nobody doesn't get BFG at a lower price than now cause we are at the lowest (or so) price ever.

I also wouldn't consider everything to be bad because I see that in the last few weeks something positive has happened, I'm talking about new exchanges being added, I don't know if I'm exaggerating but I see it here:

https://coinmarketcap.com/currencies/betfury/markets/

I see that there are more exchanges that have been added compared to the last time I saw it, this is something positive but the casino needs to run against time and place more exchanges, as they have many exchanges they give the possibility of people who want to buy this altcoin but don't want to if you risk creating an account on shady exchanges, buy it, but we also have to see why someone will want to buy this altcoin? what is special about this casino that would make this altcoin go up a lot, are questions that big buyers will ask before buying


but there is a dangerous point in this that many people always ignore, for example: most of the time when the bitcoin price goes up, the price of altcoins only goes up in relation to USD because the price of bitcoin has gone up, but it drops a lot in relation to bitcoin. but since people bought at 10$ for example and the price of bitcoin goes up a lot, then the price of the altcoin stays at 15$ for example, people already celebrate, but they didn't pay attention to what was the price of the altcoin in relation to bitcoin, if anyone want to have a lot of bitcoins by trading the pair BTC - ALTs, that person will only suffer losses

Bitcoin reached under 17k for the first time since 2020, and there were still some people who sold, why did those people sell? BNB reached as low as 230, and people still sold, who were those people who sold?

These are the same questions and whatever the answer was for those questions, this is the same answer. Some people sell their coins when they see it going down, they sell even more when they see it going down and hold it when they see it going up. I personally believe that people should be buying instead of selling during these periods of course but as you might know some people have weaker hands and they just sell as soon as they see it lower than before.

Apparently they can't access to it after it's delisted either. Just one more reason not to even bother listing it. We have enough liquidity for decent amount of trades in biswap. If a whale wants to dump it in there we would just get the token cheaper.

And if this listing would make BFG price pumped higher for some reason in the markets, i couldn't think one reason of not selling now. Because it's not like we have any better fundamentals then. Imho the token is too valuable right now for me even considering buying it. Not until Betfury breaks their silence about the future of BFG and their plans to buy it from the markets and burning it.

This is what I’m talking about when I said that Binance is charging fee on projects to be listed. The only exemption to this was if the project is in demand like what @fivestar mentioned and explained on the above post. There’s a lot of project that aiming to meet Binance standards to list for free and most of them already took too many years and counting to meet those requirements since they can’t afford to pay.

@O48O This is what I’m saying since Betfury pointed out before that Binance listing is totally free while in reality there’s a different type of listing that can be paid. The 200K BNB is not a direct listing fee but it serves same as that since the team needs to hold huge amount of BNB that they can’t access while there coin is listed.

You can find your answer when you browse the tokenomics of BFG tokens. They do token sales and those early investors same as the team was liquidating there tokens in exchange for fiat. Team is using BFG tokens for marketing through airdrop and giveaways with there partner. There’s a lot of potential people that will sell BFG tokens which makes the price dumps hard.

Betfury casino profit right now is still not enough to balance the price of BFG tokens since sell pressure is still higher than buy pressure. Only few wants to buy BFG right due to the fact that many Betfury players earns it as rakeback and dumps it immediately on exchange.

Price of the tokens go down with the dividends that are going down. And dividends are the main reason people are holding the tokens. And if you count them dropping this rate for a year, it's smarter to sell now then after a year for example. This of course only depends how their tokenomics look like in the future, and basically people who are buying that there would be a positive answer to that in near future.


Mine works perfectly fine, are you using VPN and where do you live?

Hello,

As you have an answer for all questions cause you all know your subject, could you explain why the BFG reachs such price? It's the lower price or so since the launch of BFG. So who are the sellers at this level? It's the Dev team who got free BFG who can afford to sell at the shitty price?

The listing price was at 0.07$. During the last 6 months BFG price change between 0.025 and 0.015. So who sell at 0.012? The price was never been so low and strangely people sell. 2 options : They sell in red or they sell in green cause they got millions of free BFG.
We can track (some) orders on Vulkania. I guess there aren't all there cause I saw a lot of buying orders for several millions of BFG and despite that the price goes down.

PS : I can't login since thursday evening. It's saturday morning and still can't. Access denied for my country. It's been 2 years I use Betfury. You have the same problem?

Thank your for your answers.

what to pursue so that you force yourself to be listed on binance, we know the binance exchange is the largest crypto exchange, instead of burning a lot of money for listing on binance, they can use the money for development, marketing and other alternatives from on forced circumstances

This might be the case. While i think that Befury could have a bright future, they would need to step up their game for listing to Binance. Because i can find few obvious reasons why BFG couldn't get listed.

1. Future or endgame of BFG tokenomics is vague at best. We know thy are burning it now, but i haven't seen them committed to anything in the future. This is what troubles me most in the token.
2. Support team is transparent but core team itself remains opaque for reasons i don't even want to speculate, but it increases the overall shadiness.
3. No legal team.

I have the same question "why would betfury ruin its reputation over 900 dollars?

Tbh I don't know how the burning of BFG tokens took place and/or going to take place in the future, do you mean there will be no reward for miners if all the tokens of BFG are mined? or does BFG token doesn't require mining? sorry but I'm a noob when it comes to BFG tokens.

According to how i understand binance listing to work, project are charged differently depending on their level of achievements and number of supporter/community backing the project, a project with really huge community stand a chance of getting their token  listed on binance for free, I think shiba inu is a good example .
And also a project which really solves real life problems and have achieved a great deal in building out their technology could also stand a chance of getting listed on binance for free or for a very minimal fee.

But like I also understand it, there are other projects that really have a lot of money and want a fast track listing, some projects in this category are the ones we term as pump and dump, on listing, the price of the coin pumps to insane amount, the team and the early investors cash out big leaving the new/late buyers of that token to suffer a loss the token could possibly never recover from, this are the type of projects that spend millions of dollars paying for binance listing, any serious project would not spend such an insane amount of money just on listing.

Ok that seems weird. So according to Mithril it's a security deposit that they get back, not a listing fee?

What i find weird is that (i don't know the exact specifics because of NDA) least one of the companies i know got listed almost free if i have understood correctly. And they sure as hell didn't raise so much in the private sale where they could afford $1,6M in bnb for listing fees / security deposit.

They just ended up minting little more of their tokens in BSC as part of the deal i suppose, but that's all.

I still think BFG listing on any major exchange wouldn't be the best decision in the current bearish trend. Of course, a listing on an exchange like Binance would give additional liquidity, but it's unlikely that the BFG token would grow significantly because of that. As for the community, I wouldn't say Betfury has a problem with that because its marketing team promotes the platform on many social networks.

I just saw a recent tweet from Mithril Project that they are asking CZ to return their 200K BNB deposit as requirements for their token listing after their token recent delist. I’m positive this info is part of there NDA which Mithril already break since there partnership is already over so there’s no way for them to lie about this info. Binance is really charging a huge fee in the form of buying huge amount of BNB (by that time was 8$ per BNB).

You can check the tweet post on this link https://twitter.com/mithdotio/status/1603356872303865856?s=20&t=5hIis_1XvXWNjdQh0ubVVg

^
Hard to get casino tokens listed on exchanges. There was a memorandum back in 2020 about it blockchain base games in which regulators need to add new rules because of the new technology underlying it. I was fairly watching one casino token where I have invested before which is the $HASH and a DEX had delisted them due to legal issues.

Well, I want to make a purchase here, and it is not to be something bad or to be misinterpreted, what happens is that there are some people who dedicate themselves to doing almost 24-hour work to give a reward in a faucet, it is Incredible, but it can happen, obviously 24 hours a day they must use a bot that allows them to make claims, but I do not consider that Betfury will reduce its recommendation box, because we only see the case of freebitco.in, which is a platform He considers having all possible clients enter and click on it to obtain their reward and they are aware that they will not remove it for that reason, so I think they should consider betgfury to do something like that.


Well, but not everything is bad, in any negative scenario like the one we are in now where the market is completely bearish (for a certain period of time) it is good, because if it is listed at this time, that the market is low, when bitcoin price rises, the price of the token will most likely rise, and it rises by simple nature, there is also an advantage, the casino gives more security in terms of projects, a casino that carries out a project with a currency or token or a project that is based on Ico or something similar, I think that this is the advantage that Betfury has not yet finished taking advantage of, in addition they were forgotten with their community, there is no internal forum, there is no incentive for the most Betfury fans stand up for the site.

Binance has listed some projects without even knowing their investors right after their private sale, and these companies weren't trying to rise too much during their sale. White papers were just next level and so were the devs so they were taken seriously. I don't think that betfury would gain from this listing either, they are already making money with gambling and want to burn their own tokens. And frankly price inflation at this point wouldn't make sense. There should at least be an option to get your money back by staking. This wouldn't happen if price would be $5 per BFG

You will only liked by Binance to list in there exchange if your project is huge and backed by well known investors. In short money still play the most important part in able to list. Aptos is the best example here. This project is just shitcoin when they started but they just immediately listed on top exchange right after they got tons of funding from private investors.

There’s a lot of solid existing project that still didn’t list on Binance not because they lack support from there community but they have limited funds for there marketing and etc. CZ only look on how profitable the project for them and we don’t know exactly the listing terms since it’s NDA. CZ word on social doesn’t back by legit source aside from trust me bro.