Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 173. (Read 85205 times)

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

Not enough but there's some influence if the burning process will continue to take place, along the way the numbers of available token will be lessen and it will be a good thing for passive investors, they are going to see good movement as BFG still doing well in preventing massive dump even the market still bearish.

You have to do your DYOR though, it will help you to understand the full potential of this kind of asset and how to take advantages of all those passive ways to increase your holdings.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

After I checked the address of the BFG smart contract, it still hasn't reached the maximum supply on the CMC data, so there are still remaining tokens from the total supply that have not been released. Apart from the difference in fiat currency inflation, the token burning needs to be increased but burning alone is not enough to have a good impact on the token price.

Burns do not give a good impact because they were not in the market to begin with, that is what I am trying to tell people. What it means is that bnb burns do not matter neither, but sometimes the price still goes up during these times. Well, because people buy due to the fact that there was a burn, and since they believe there was a burn they buy more since there is less coins available.

Same here, it shouldn't really impact a lot because it wasn't on the market anyway, so what it does is burning coins that weren't in there to begin with. What we believe however is that if there were "buyback" type of stuff, then it would actually make a lot of profit for everyone.

Even then  this is not  completely alternative way but without this option   currently it is very difficult for alt-coins to survive if the supply continues to increase.  As was the case with Luna we know. There's lots of token whos price is decreasing continuosly Due to not having this option.   So my opinion is burning is one of the most important thing to increasing price. Just as the central bank of a country controls inflation by controlling the printing of currency, the price of tokens can be controlled through burning.

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If they take the initiative to burn the tokens every month or week, but I think it is not right to take the initiative suddenly, but here there are times when they have to think about whatever they do, they have to burn the tokens and there are times if they  If not, then it appears that there may be a lot of problems on their tokens, that's why they have to pretend that they don't want to sell the tokens, but here if they pretend to increase the price of the tokens, then it will cause a lot of problems for the order.  .

I just noticed that the community voting on the BFG mining price is now over, and it seems that the majority of users(50.79%) voted for increasing the BFG mining price by 5 times. I wouldn't say I supported this option, but what's done is done. Thus such changes as increasing the BFG mining price by 5 times, stretching the process of BFG mining for 53 months, and decreasing the range of increasing the mining price to 25 million will be implemented on the platform as early as tomorrow at 9:00 UTC.

More on quick profits, the developers are aiming for the project to be listed inside binance knowing that investors interest will flow and they will have a good chance of gaining a huge amount of profits, sad to say that this kind of developers mindsets is a temporal type of team who are just after the money and not to fully develop the project.

Like both of you, not all projects inside binance are solid project, there are assets that are just a product of hypes and quick ride pump.

Exactly, This project are just the product of hype and they are using the investors money that they accumulate on IDO just to list on Binance. Project like this spend so much money on the requirements of exchange listing and totally forgot the development process that result of slowly dying of the project due to lost of interest. Many scam project use big CEX as there end goal before they abandon the project and move to a next startup project.

people need to be very careful with this thought that Binance is only listing good altcoins, if you look closely at all altcoins that are on binance you will see that there are a lot of shitcoins that were listed a few years or months with prices that went up 10X but today they are down 20X because there is no demand, as they are illusory projects that in the long term had nothing to offer and people made a mistake with them, today such projects are 20X fallen. I will avoid enumerating names of such projects in that thread


I agree with you on the part that all projects that are going to be listed on binance can even go up in price in the first few days thanks to the pump and dump scheme, but after a few days, weeks and months the altcoin starts to drop a lot and that makes a lot people lose money I could even show many examples of altcoins that went on binance and dropped a lot, and it's unbelievable that many people kept talking about such projects on the telegram channel, I saw so many people saying they invested a lot of money in project X because it was already listed at biance, and see that the project rose from 0.70$ to 3$ and in a few days it dropped to 1$ and today it is at 0.46$. I ask myself: how are the people who bought on 3$? they have a big loss

But I just don’t share all the enthusiasm from Binance.  Moreover, I think that listing on Binance will only harm the tokens, and not increase its price by 5-10 times, as our colleagues suggest here.  Do not forget that Binance is a rather crafty trading platform, which has appropriated the title that it is generally number 1 in the crypto world.  But this is a scam from a cunning executive who everyone in the crypto world knows as CZ.  
Moreover, I have recently seen the fading of interest in Binance from many players in the crypto market.  So devs shouldn't deal with Binance.  
But this is my personal opinion, I do not pretend to be the ultimate truth.

Well if it reaches Binance, as everyone says that would boost the BFG token, particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential, even for those investors who do not know where the token comes from, because not all investors play in casinos or take risks with their money, everything they leave it in the trade and put it at the disposal of the investment, which seems much safer to them.


Well we all know very well that the most viable, profitable and easy solution is for them to list the BFG tokens on Binance or at least on an exchange that is up to that point, if what they want is for them to buy their tokens, I don't see another alternative, if more benefits can be offered, but I think we have to go to another level, but of course I imagine that the Betfury team will already have all this very clear and on the table.

This isn't the problem of the people though. I mean if they did something like this and structured it that way, then they have to make it up to people by showing how it could be possible to keep it up. They have been looking for more way to make sure that people still use BFG in the upcoming months and how they shouldn't give up on this, but that doesn't change the fact that they are not doing that at all, they are literally just making sure that people do not leave the coin, not the casino.

This means that if the day comes and the casino is no longer interesting, then the token itself would not worth anything at all, aside from mining or staking or whatever you want to do with it.

Monthly or weekly token burn strategy is no longer an alternative solution to increase token price, as you said it is better to add burn allocation for holders profit than burning it without price increase effect, it can also be added for new utility for holder and create big reward to attract investment from new traders.

So far monthly burns give imho no impact. Like the price was 3 cents during good times, it stays the same all the time. Bitcoin price change is the only thing that impacts on the price. I dont even think that burns really helped. I might even consider not doing burns, but keep more mineable tokens. Imho, adding more usability to token, or perks for holder (more you hold, better bonus you get) will be a better solution. And by perks I mean not distributing more staking rewards, something else.

making more use of tokens will be a solution, because of the benefits of BFG tokens so people will still keep them, it's just that at this time there is still no next step that we are taking, burning tokens will indeed raise the price a little more upwards, it's the same when there are many people sell it too

I'm more than sure that the monthly BFG burning will start to have a positive effect on the price of the token when all BFG tokens are mined because the emission will gradually decrease. At the same time, we should keep in mind that the burning process isn't a panacea. I mean, if devs want to keep their project running as long as possible, they should already be thinking about further development and adding new functionality for the BFG token and the platform as a whole.