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Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 174. (Read 85194 times)

legendary
Activity: 1176
Merit: 1056
Welcome to bitcointalk!
I thought this was a new casino, but with 132 000 registered members, this isn't the case. Anyone here already member of this casino? Any thoughts/reviews?

Couple of questions that pop into my mind:
- What is your house edge?
- What is the minimum amount to withdraw ?
- Do you have a license?


Good question to ask and people want to know the answers.

Also they have a thread last April but it was inactive check it here https://bitcointalksearch.org/topic/betfuryio-new-level-of-the-casino-trx-btt-usdt-btc-high-dividends-5237476 and I wonder if those numbers of users is true since they don't have any active thread here, I guess they do a outside of the forum marketing since 132,000 users is huge number.
Yes, if more questions are asked and answered about anything, the public will know better about it.They have been working in marketing for a long time. So far they are doing honest work.But I also saw that their marketing user count is 132000 even though they don't have active threads.However, they have plans to do business for a long time. If they can be honest, they can survive for a long time.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
The moment you realize that burned ones weren't public anyway, is the moment we realize it is not going to change the price much. BFG token is something extraordinary in the sense that the ordinary is the places that have tokens usually end up with a loss, and that is why they are gone. Most casinos who create tokens end up giving that to the people and just leaving the casino as it is.

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.
So many people hope that the burning process can make the coin better, that must be true but there are still other factors which are needed to make it more possible. Maybe bfg is extra ordinary because it has functions which can't be found on a common token but this token is not exempted for losses.

A simple loss or decline in price won't make the token gone but if they don't have any improvement then maybe yes. If having a token makes the casino income lesser then better if they stop the token thing and stick to the casino business. It's okay to skip marketing for a while if the casino is already known because there will still be a traffic.

Very tough decision to make, they've been known with the business and investors are aiming for passive benefits, the question always pointing to how the developers will continue to attract people to play inside the house and continue to support the token, the more usages the more chances that the value will rise.

Good thing for BFG, there is a community that is still trusting the project and willing to hold and sometimes are also playing in each gambling game that the site offers.
hero member
Activity: 2562
Merit: 586
The moment you realize that burned ones weren't public anyway, is the moment we realize it is not going to change the price much. BFG token is something extraordinary in the sense that the ordinary is the places that have tokens usually end up with a loss, and that is why they are gone. Most casinos who create tokens end up giving that to the people and just leaving the casino as it is.

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.
So many people hope that the burning process can make the coin better, that must be true but there are still other factors which are needed to make it more possible. Maybe bfg is extra ordinary because it has functions which can't be found on a common token but this token is not exempted for losses.

A simple loss or decline in price won't make the token gone but if they don't have any improvement then maybe yes. If having a token makes the casino income lesser then better if they stop the token thing and stick to the casino business. It's okay to skip marketing for a while if the casino is already known because there will still be a traffic.
hero member
Activity: 2926
Merit: 640
If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.
There is really no other way out of it, because they do not have too much money to throw away. They are doing giveaways on their BFG and other stuff because we are getting the dividends. And yes they still hold a big bag of it but not all of it.

Realize that there are casinos out there which are owned 100% by just one person, the CEO or the founder, and yet even with that in mind they are still not making a profit after operational costs, because gamblers do not rush into their casinos and losing enough. Meaning they either have to spend a giant amount on marketing, or they just close. This place doesn't even own 100% of their income, and they are still paying for operational costs, and they are trying to do marketing at the same time, where did you think that money would come from?
legendary
Activity: 2996
Merit: 2229
If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.
marketing strategy is good enough to attract more users to join betfury , but i believe they keep their token quality , maybe from betfury revenue
if the income is more then the token is also not bothered by the cost to pay for marketing, and vice versa, maybe this is the concept

If Betfury sells its tokens for marketing on exchanges, then it can be one of the main factors holding back the growth of BFG. Although it doesn't matter because Betfury is really good at attracting users to its platform, even though the Betfury team has a pretty passive marketing strategy. I mean, Betfury is more focused on promoting its project only on social networks rather than other third-party crypto resources. Of course, Betfury also conducted a few signature campaigns on this forum, but I don't remember that its logo often appeared on any other popular crypto site except the biswap site.
hero member
Activity: 1932
Merit: 511
Vave.com - Crypto Casino
When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

I believe, those figures is hard to get as they won't disclose all their marketing expenses.
But I am certain, they allot good amount of money when it comes to their promotional activities.
They will not attain this position if they are not also generous in some of their marketing activities.
So far, they are doing good as they can sustain this business along with other features like their staking feature.
We don't need to know how much they are allotting like in promotional programs, would be better to see the impact of it on their site.

If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.
marketing strategy is good enough to attract more users to join betfury , but i believe they keep their token quality , maybe from betfury revenue
if the income is more then the token is also not bothered by the cost to pay for marketing, and vice versa, maybe this is the concept
hero member
Activity: 2716
Merit: 698
Dimon69
When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

I believe, those figures is hard to get as they won't disclose all their marketing expenses.
But I am certain, they allot good amount of money when it comes to their promotional activities.
They will not attain this position if they are not also generous in some of their marketing activities.
So far, they are doing good as they can sustain this business along with other features like their staking feature.
We don't need to know how much they are allotting like in promotional programs, would be better to see the impact of it on their site.

If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.
hero member
Activity: 2744
Merit: 588
When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

I believe, those figures is hard to get as they won't disclose all their marketing expenses.
But I am certain, they allot good amount of money when it comes to their promotional activities.
They will not attain this position if they are not also generous in some of their marketing activities.
So far, they are doing good as they can sustain this business along with other features like their staking feature.
We don't need to know how much they are allotting like in promotional programs, would be better to see the impact of it on their site.
legendary
Activity: 2996
Merit: 2229
When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
I am not a staff of this company, which means that there are two possibilities when there is a voting going on. First of all it could be something like "team wants more money in their pockets" or it would be "team thinks this is better for the future of the project".

I cannot see how this could fill the pockets of the staff, which means that this is entirely based on how the team wants to actually do some good for us, and they are improving what they are doing and making the project better. This is why I believe that this voting should be basically all based on what they think is the best, as long as it doesn't provide them directly, how could they harm it or want to harm it?

If the APR increases with the changes, than both the players and the team will benefit from it. The team still owes a large amount of BFG tokens (they release every month some tokens that get burned). It is good to see that the team is still active and try to do things that will benefit the community.
The Betfury team has been burning some of their tokens every month. And constantly they are giving high quality rewards to their customers and token holders. It looks really good. And I think they need to increase their token burning to have a big positive impact on their token price.
legendary
Activity: 2884
Merit: 1117
The moment you realize that burned ones weren't public anyway, is the moment we realize it is not going to change the price much. BFG token is something extraordinary in the sense that the ordinary is the places that have tokens usually end up with a loss, and that is why they are gone. Most casinos who create tokens end up giving that to the people and just leaving the casino as it is.

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.
sr. member
Activity: 2170
Merit: 254
I am not a staff of this company, which means that there are two possibilities when there is a voting going on. First of all it could be something like "team wants more money in their pockets" or it would be "team thinks this is better for the future of the project".

I cannot see how this could fill the pockets of the staff, which means that this is entirely based on how the team wants to actually do some good for us, and they are improving what they are doing and making the project better. This is why I believe that this voting should be basically all based on what they think is the best, as long as it doesn't provide them directly, how could they harm it or want to harm it?

If the APR increases with the changes, than both the players and the team will benefit from it. The team still owes a large amount of BFG tokens (they release every month some tokens that get burned). It is good to see that the team is still active and try to do things that will benefit the community.
newbie
Activity: 43
Merit: 0
they do all duels with bfg tokens. This lowers the value of the token. They are constantly distributing tokens in exchange for dollars.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
I don't fully agree. What is the real benefit of getting listed on small exchanges with a very low volume? If you have a token that you want to get listed, you always need to aim high and try to get listed on the places with a high amount of volume.

There is no benefit from listing on small exchanges. As an example, the BFG token is already traded on smaller centralized exchanges such as hotbit, cointiger, and coinsbit. The problem is that listing on these exchanges turned out to be absolutely useless because there is minimal activity and no liquidity. However, even if the BFG is someday added to one of the top exchanges, it won't guarantee a huge volume. I mean, the developers' actions are also crucial since it depends first of all on them whether there will be an increased demand for the token or not.


Developers and the community needs to back it up if ever one day the coin got listed to big exchange like binance, adding it is not going to end their there's a need of movement to bring new interest, traders and investors are everywhere they just needed to be aware on what the potential a project can bring to their investment.

though with how we witness those coins that being added to this established centralized exchange and how they engage with potential investors, there's a big impact on this asset if the team succeeds adding this coin in binance.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
I am not a staff of this company, which means that there are two possibilities when there is a voting going on. First of all it could be something like "team wants more money in their pockets" or it would be "team thinks this is better for the future of the project".

I cannot see how this could fill the pockets of the staff, which means that this is entirely based on how the team wants to actually do some good for us, and they are improving what they are doing and making the project better. This is why I believe that this voting should be basically all based on what they think is the best, as long as it doesn't provide them directly, how could they harm it or want to harm it?
legendary
Activity: 2996
Merit: 2229
I don't fully agree. What is the real benefit of getting listed on small exchanges with a very low volume? If you have a token that you want to get listed, you always need to aim high and try to get listed on the places with a high amount of volume.

There is no benefit from listing on small exchanges. As an example, the BFG token is already traded on smaller centralized exchanges such as hotbit, cointiger, and coinsbit. The problem is that listing on these exchanges turned out to be absolutely useless because there is minimal activity and no liquidity. However, even if the BFG is someday added to one of the top exchanges, it won't guarantee a huge volume. I mean, the developers' actions are also crucial since it depends first of all on them whether there will be an increased demand for the token or not.
sr. member
Activity: 2170
Merit: 254
Listing in smaller exchanges is also good as they can see the sentiments of the traders towards their token.
However, it is no doubt that if it is listed in binance, the interest may change and may affect its price.
But, as it sits right now, binance listing is no easy feat, unless, the exchange is seeing a massive demand for their token.
For the moment, better devote their activities to further sustain the interest of their players.
Because the important thing is they are surviving and generating income to compete with other casinos & bookies.
Listing on a smaller place is much better, they do not expect as much as they used to, right now this is doing a lot better. This is why I believe that if you list on a smaller place then it would mean that they could actually get off with a lot less place and that would be much better.

I believe that we shouldn't be really shocked to learn the current situation. For the first time in history probably, something smaller and "worse" is a lot better. If you get listed on binance directly then the requirements would be a lot worse, but if you end up getting listed in a smaller place then you would be doing a lot better and it would result with you filling those requirements a lot better and quicker.

I don't fully agree. What is the real benefit of getting listed on small exchanges with a very low volume? If you have a token that you want to get listed, you always need to aim high and try to get listed on the places with a high amount of volume.
hero member
Activity: 2688
Merit: 588
Listing in smaller exchanges is also good as they can see the sentiments of the traders towards their token.
However, it is no doubt that if it is listed in binance, the interest may change and may affect its price.
But, as it sits right now, binance listing is no easy feat, unless, the exchange is seeing a massive demand for their token.
For the moment, better devote their activities to further sustain the interest of their players.
Because the important thing is they are surviving and generating income to compete with other casinos & bookies.
Listing on a smaller place is much better, they do not expect as much as they used to, right now this is doing a lot better. This is why I believe that if you list on a smaller place then it would mean that they could actually get off with a lot less place and that would be much better.

I believe that we shouldn't be really shocked to learn the current situation. For the first time in history probably, something smaller and "worse" is a lot better. If you get listed on binance directly then the requirements would be a lot worse, but if you end up getting listed in a smaller place then you would be doing a lot better and it would result with you filling those requirements a lot better and quicker.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform

This is why it's quite important to make sure that you are doing the right thing. This doesn't change the fact that BFG is a good one and the results are still different coins gotten from the dividends, but you get to decide the afterwards. For example, if you decide to sell all of them and get BFG, that wouldn't be a bad idea at all, or if you decide to keep it, keep it long enough to see prices go up and it's bull time, don't sell right now.

Very im[ortant before you pick side either to go and invest your money into staking coin like BFG or to use other alternative while the market is still down, it's true that you have options to diversify, and it's very crucial in terms of choosing the right asset to use for your investment, there are many available assets and it's your good research that will allow you pick the right one.

Don't sell your coin if the market is declining, if you are aiming for the benefits, it's better to keep it and that's the good catch with staking coin like BFG you can hold and earn passively while waiting for the bull to come back.
Well as for BFG it is always good to have plenty of options, in my case I have always liked to keep everything in staking mode and try to play on Betfury trying to multiply the BFG tokens, I know that at any moment the BTC market will rise in price , and cosigo will bring that many tokens including BFG and altcoins will grow in price, this is something that will happen, what is not known is when, but right now you have to be smart, that is, own everything you can in these toekns and in the dividends that are generated, everything is profit if we take the account that adds more, not decreases, at least that is my thought.

There are 6 more days of voting, but I think the results wont change much. I have voted for an option "Increase by 5 times", as I believe this will help token value to go maximum up. I dont understand why people wish to keep mining price unchanged, because it will closer the moment when they wont get any BFG for gambling.

I doubt these changes will significantly affect the price of the BFG token. To be honest, I don't share Betfury's idea of increasing the price of mining and stretching the mining process by as much as 32 or 53 months. All the BFG tokens will be mined anyway, and it seems to me that it would be better if this happened in 3 months, not in a few years. Obviously, if new BFG tokens are no longer entering the market, it should provoke an increased demand because users will be forced to buy BFG for staking and gambling.
Maybe they want to extend the mining feature because it's one of the limited utility of BFG tokens aside from using it to gamble on the site. And also it can decrease the sell pressure in the market coming from newly mined tokens. This is the typical thinking of investors which Betfury just wanto conside by increasing the mining price.

There is a voting process so the result will always be in favor to the majority preferences. But for me I do like to end the minting process as much as possible before I start accumulating again this tokens on exchange.

Well, I am one of those who believe that the mining part is much better, however I know that the team evaluates each event to see which can be much more profitable and which can be better in the long term, this is something that can be studied and I believe That the community can also be given a voice and a vote, one of the things for which the BFG token has been so successful is because the casino has met very good expectations and its success is largely due to the community, You only have to see that the number of people who are on their telegram channels is something impressive.
hero member
Activity: 2716
Merit: 698
Dimon69
There are 6 more days of voting, but I think the results wont change much. I have voted for an option "Increase by 5 times", as I believe this will help token value to go maximum up. I dont understand why people wish to keep mining price unchanged, because it will closer the moment when they wont get any BFG for gambling.

I doubt these changes will significantly affect the price of the BFG token. To be honest, I don't share Betfury's idea of increasing the price of mining and stretching the mining process by as much as 32 or 53 months. All the BFG tokens will be mined anyway, and it seems to me that it would be better if this happened in 3 months, not in a few years. Obviously, if new BFG tokens are no longer entering the market, it should provoke an increased demand because users will be forced to buy BFG for staking and gambling.
Maybe they want to extend the mining feature because it's one of the limited utility of BFG tokens aside from using it to gamble on the site. And also it can decrease the sell pressure in the market coming from newly mined tokens. This is the typical thinking of investors which Betfury just wanto conside by increasing the mining price.

There is a voting process so the result will always be in favor to the majority preferences. But for me I do like to end the minting process as much as possible before I start accumulating again this tokens on exchange.
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