🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 206.

babygun

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Quote from: Fivestar4everMVP on July 06, 2022, 07:24:11 AM

Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

Does BetFury plan to add new functions to BFG tokens ? 90% of all token supply is already mined. BetFury make regular monthly burns. BFG farming is closed. With such speed, next year it will be impossible to get new BFT tokens. So far main benefit of BFG is daily dividends. I see that daily amount distributed does not change much, so this does not really stimulate to have more tokens. And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

You make a lot of sense, no token of any project moves up and stay up without a good use case, holding BFG for daily dividends will not drive the token price to the height we all are waiting for, and this is because there are a lot of other projects out there that offer even better dividend rate for hodling their token, so i am also of the opinion that Betfury should build more product that will create some more use case for the BFG token, if not, a lot of investors are just gonna hold for a while and then sell if the price action is not encouraging to keep holding.

I didn't know that already 90% of all BFG tokens was already mined, I thought it was a lot less. But I don't agree 100%; if all BFG is mined there will still be monthly burnings which will have a positive impact on the dividends so I don't think that holding will become unprofitable.

Coin_trader

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Quote from: Fredomago on July 06, 2022, 08:29:19 AM

Quote from: Coin_trader on July 05, 2022, 07:12:53 AM

Quote from: Fredomago on July 05, 2022, 07:07:46 AM

It will continue to be a passive profits to those who use this feature as investment, both staking and boost rewards with burning feature the chance of accumulating will continue the cycle, strong house will allow this coin beneficial for investors and traders who are not just playing but also aiming for passive money making asset.

Though we don't know if there's additional that the team will offer aside from the current feature of this token,

maybe they are also planning to expand, but for now it will serve the sole purpose of the token.

Exactly, This will be a long shot to see the price pump since it’s only relying on burn feature aside from the partnership boost. So far I’m still on the current price because it’s stable while I can have a passive profit on staking. Seeing that token farming is already closed while the supply is almost totally is a blessing since this is the sign that accumulation is already near and we might see panic buying later on once Betfury finally landed there BFG token in a big exchange that full of potential token buyer.

A decision that should take earlier than that time, if you do believe that the chance of landing to a much bigger exchange will happen I'm sure based from those old market movement, the value may increase in a short span of time before it will again stabilize to its barrier, not sure if how the team is working on it now but it's not far from realization,. Right now, it's more on buying and staking to earn passively.

The future is unknown, but the business continues to exist and the chance to rise in terms of value is still there for BFG supporters/holders.

I’m just holding on to the previous statement of Betfury representative here that they are aware on Binance listing requirements and they are already working towards so I’m sure that they are moving towards a good direction for Betfury future. The casino is running smooth with tons of player wagering everyday which surely give huge profit to the casino for token burning. A sweet huge listing deal is the only missing piece on this project to finally blast off to its current price stagnation. Betfury already has a lot of partnerships in the past so I’m confident that they will manage to do this goal.

Fredomago

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Quote from: Coin_trader on July 05, 2022, 07:12:53 AM

Quote from: Fredomago on July 05, 2022, 07:07:46 AM

It will continue to be a passive profits to those who use this feature as investment, both staking and boost rewards with burning feature the chance of accumulating will continue the cycle, strong house will allow this coin beneficial for investors and traders who are not just playing but also aiming for passive money making asset.

Though we don't know if there's additional that the team will offer aside from the current feature of this token,

maybe they are also planning to expand, but for now it will serve the sole purpose of the token.

Exactly, This will be a long shot to see the price pump since it’s only relying on burn feature aside from the partnership boost. So far I’m still on the current price because it’s stable while I can have a passive profit on staking. Seeing that token farming is already closed while the supply is almost totally is a blessing since this is the sign that accumulation is already near and we might see panic buying later on once Betfury finally landed there BFG token in a big exchange that full of potential token buyer.

A decision that should take earlier than that time, if you do believe that the chance of landing to a much bigger exchange will happen I'm sure based from those old market movement, the value may increase in a short span of time before it will again stabilize to its barrier, not sure if how the team is working on it now but it's not far from realization,. Right now, it's more on buying and staking to earn passively.

The future is unknown, but the business continues to exist and the chance to rise in terms of value is still there for BFG supporters/holders.

delfastTions

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Quote from: TopTort777 on July 06, 2022, 06:12:16 AM

Quote from: Adbitco on July 05, 2022, 07:19:05 AM

When I think about adding liquidity, I imagine how much BFG spends daily and weekly on promotions and events, and that rises doubts that the team is ready to spend even more to support current price.

I think that devs is very good at considering what they can afford to do without much damage to their casino and the bfg token, and what is critical. It is not yet known how long this stagnation of the entire cryptocurrency market will last. But as soon as the bullish cycle begins, all tokens will start to move in price and, of course, bfg too. Then the questions about the additional filling of liquidity will not be so relevant. In my opinion, bfg is going through a period of stagnation quite well. And this means that in the bull market there may well be an increase above the average increase for all altcoins. So do not be sad ahead of time.

Fivestar4everMVP

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Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

Does BetFury plan to add new functions to BFG tokens ? 90% of all token supply is already mined. BetFury make regular monthly burns. BFG farming is closed. With such speed, next year it will be impossible to get new BFT tokens. So far main benefit of BFG is daily dividends. I see that daily amount distributed does not change much, so this does not really stimulate to have more tokens. And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

You make a lot of sense, no token of any project moves up and stay up without a good use case, holding BFG for daily dividends will not drive the token price to the height we all are waiting for, and this is because there are a lot of other projects out there that offer even better dividend rate for hodling their token, so i am also of the opinion that Betfury should build more product that will create some more use case for the BFG token, if not, a lot of investors are just gonna hold for a while and then sell if the price action is not encouraging to keep holding.

TopTort777

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Quote from: Adbitco on July 05, 2022, 07:19:05 AM

Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

From the look out of things, don't you think their team will be adding Liquidity to increase the token price in time soon?

Dont know. Havent thought about that. I only see, that dividends wont be the reason to buy more tokens and hold them for a long period. And when gamblers wont be able to mine tokens, the demand on BFG will go down. That is why I hope BFG team will come out with something new; new use case, something.

When I think about adding liquidity, I imagine how much BFG spends daily and weekly on promotions and events, and that rises doubts that the team is ready to spend even more to support current price.

RealMalatesta

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Quote from: Bttzed03 on July 05, 2022, 07:34:23 AM

Quote from: Adbitco on July 05, 2022, 07:19:05 AM

Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

From the look out of things, don't you think their team will be adding Liquidity to increase the token price in time soon?

Add liquidity to what and how will that increase token price? If you're talking about opening up farming again, I don't think so. They will most likely let the players mine the remaining tokens through in-house games and slots. If it's about adding to the reward pool, maybe that will increase interest on the token but I also doubt they will implement that.

I feel like the dividend itself is good enough, because people play with BFG as well, and that means there will be some (many) who will lose their BFG and others will earn it too, by staking BFG basically. That's not a bad idea and I believe that people should be focusing on something that will be profitable if you hold it long enough, not when you do something with it.

If you think that BFG price itself will go up then you think it will go up and there isn't anything else you should worry about. If you believe that it's not going to be easy, and it will be a bit of a trouble then it is going to be a bit of a trouble. Just think of the price, not the staking part.

LUCKMCFLY

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Quote from: babygun on June 26, 2022, 05:34:10 PM

Quote from: dwyane36 on June 26, 2022, 01:57:41 PM

Quote from: babygun on June 25, 2022, 04:56:12 AM

Everybody has his own strategy but even with a relative low amount of BFG tokens, your daily dividend is not so bad in my eyes. Currently I have around 3750 BFG tokens and I earn around 0.12$ (with the current crypto prizes) a day. It will not make me rich, but even small amounts add up and if the crypto prizes go up again, these dividends will also be worth a lot more. What you also can do, is just play with your dividends to keep increasing your amount of BFG tokens. In this way, you don't always need to bring in fresh capital to keep playing.

Of course, using daily dividends to mine BFG tokens is the right decision. However, if your dividends are small, BFG tokens will increase insignificantly because the minimum bet must be more than 1 cent. In your case, that means you can only make 12 bets per day to mine BFG tokens. Obviously, this number of attempts is not enough. So how many days do you accumulate these daily dividends before BFG mining, or do you use any other strategies?

I don't play every day, so most of the times I accumulate my dividends for 3-4 days. I always play Dice or Mines or Keno on low risk just to mine the tokens. I agree it goes slowly, but I don't mind it and in the end it also adds up. When there is a mining boost, I always play more also.

The fact of owning the BFG tokens and that somehow generates passive income in $ is something that is very beneficial, when comparing this type of money generation with trading it does not make much difference, some traders put a lot of money in their transactions, and they can win, but just as they win they can lose, I see the generation of money as the same as a physical business, where its ROI is around 3 years or more, in this case 0.12$*365days of the year is 43$, that is and only if you keep your tokens here in staking mode, and if you increase them it would give much more money, it is something that does not seem so bad to me, you can do other types of work and this money is generated by itself, and if this system in BETFURY is it maintains for years, it is not bad at all and if crypto in general goes up, the story is another.

Bttzed03

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Quote from: Adbitco on July 05, 2022, 07:19:05 AM

Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

From the look out of things, don't you think their team will be adding Liquidity to increase the token price in time soon?

Add liquidity to what and how will that increase token price? If you're talking about opening up farming again, I don't think so. They will most likely let the players mine the remaining tokens through in-house games and slots. If it's about adding to the reward pool, maybe that will increase interest on the token but I also doubt they will implement that.

Adbitco

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Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

From the look out of things, don't you think their team will be adding Liquidity to increase the token price in time soon?
Currently is affected by the market sentiment and the entire crypto market is on down trends which may need little time for all to be profitable most especially BFG token although doesn't only limited to it but other currency out there.

Coin_trader

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Quote from: Fredomago on July 05, 2022, 07:07:46 AM

It will continue to be a passive profits to those who use this feature as investment, both staking and boost rewards with burning feature the chance of accumulating will continue the cycle, strong house will allow this coin beneficial for investors and traders who are not just playing but also aiming for passive money making asset.

Though we don't know if there's additional that the team will offer aside from the current feature of this token,

maybe they are also planning to expand, but for now it will serve the sole purpose of the token.

Exactly, This will be a long shot to see the price pump since it’s only relying on burn feature aside from the partnership boost. So far I’m still on the current price because it’s stable while I can have a passive profit on staking. Seeing that token farming is already closed while the supply is almost totally is a blessing since this is the sign that accumulation is already near and we might see panic buying later on once Betfury finally landed there BFG token in a big exchange that full of potential token buyer.

Fredomago

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Quote from: ?? on ??

Quote from: TopTort777 on July 05, 2022, 06:14:57 AM

Does BetFury plan to add new functions to BFG tokens ? 90% of all token supply is already mined. BetFury make regular monthly burns. BFG farming is closed. With such speed, next year it will be impossible to get new BFT tokens. So far main benefit of BFG is daily dividends. I see that daily amount distributed does not change much, so this does not really stimulate to have more tokens. And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

As a reward token as well as utility token inside the casino, Being in the state of stabilization is common especially if most of the supply is already mined because there’s a lot of tokens already available in the market which means the lesser the value. BFG tokens usage has a limitation since it was intended only to be used in the casino so I don’t expect any additional feature from it. I’m more interested on the Betfury profit side since it will be the one that will boost BFG token value by token burning.

It will continue to be a passive profits to those who use this feature as investment, both staking and boost rewards with burning feature the chance of accumulating will continue the cycle, strong house will allow this coin beneficial for investors and traders who are not just playing but also aiming for passive money making asset.

Though we don't know if there's additional that the team will offer aside from the current feature of this token,

maybe they are also planning to expand, but for now it will serve the sole purpose of the token.

TopTort777

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Does BetFury plan to add new functions to BFG tokens ? 90% of all token supply is already mined. BetFury make regular monthly burns. BFG farming is closed. With such speed, next year it will be impossible to get new BFT tokens. So far main benefit of BFG is daily dividends. I see that daily amount distributed does not change much, so this does not really stimulate to have more tokens. And I wonder what will be when all BFG are mined, holding is unprofitable and token price does not change much.

jaberwock

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Quote from: FanEagle on July 02, 2022, 06:56:56 AM

Quote from: babygun on July 01, 2022, 05:42:12 AM

The dividend you get is in 5 coins (BTC, ETH, USDT, TRX and BNB) and it is not because the market crashed, that you get more dividends. The amount you will get, is based on the amount BFG tokens you have and is not dependent on the crypto price.

You are both right and also a tiny bit wrong at the same time. The amount you get is "lower" in the sense that the same amount of coins would have been a higher price, and since the prices are lower right now, the same amount of coins are lower in dollar worth these days. So, you could get "more" dividends in the sense that if someone played 100 bucks and lost, it was less coins, now it's more coins all due to the fact that the price is lower on all coins now.

This means that we could make more and I believe that even though the returns are same, it's not going to be really "same" in that sense, and it would be going up if you do not spend them. So, I can understand what he meant.

This is quite true. I have to say that there is a good chance people could wager a lot more right now, then it would be because of the current price of the situation right now. I have to say that the best thing we could do right now, because we would be spending more coin right now this is why it could be spending more because people would be spending same amount of fiat but more on coins hence I believe that the amount could be higher.

I agree that this ups and downs do matter when gambling and that is why it's such an important situation. This means that the best thing we could do right now is to make sure that we won't spend too much.

Ulven

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Quote from: ?? on ??

Impermanent loss is very minimal on token like BFG that price moves in sideways for almost a month. Yes farming is good because it gives sure profit but the difference in APY between farming and liquidity mining is much larger so liquidity farming is still profitable rather than farming if we can based on the current price behavior of BFG tokens. Actually impermanent loss is not actually loss to the initial investment, You just missed the opportunity from gains when the token price pump which will be covered by the passive reward of the liquidity pool.

The difference in price between farming and liquidity mining is more than advantages of liquidity mining over farming. BFG tokens are on the way up, but they're still docked with a lower valuation. While it's really hard to predict whether tokens would go even higher, I think this project deserves a closer look at how it works. The token itself is not worth what you paid for it, but similar projects can wind up being worth much more than they were originally.

FanEagle

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Quote from: babygun on July 01, 2022, 05:42:12 AM

The dividend you get is in 5 coins (BTC, ETH, USDT, TRX and BNB) and it is not because the market crashed, that you get more dividends. The amount you will get, is based on the amount BFG tokens you have and is not dependent on the crypto price.

You are both right and also a tiny bit wrong at the same time. The amount you get is "lower" in the sense that the same amount of coins would have been a higher price, and since the prices are lower right now, the same amount of coins are lower in dollar worth these days. So, you could get "more" dividends in the sense that if someone played 100 bucks and lost, it was less coins, now it's more coins all due to the fact that the price is lower on all coins now.

This means that we could make more and I believe that even though the returns are same, it's not going to be really "same" in that sense, and it would be going up if you do not spend them. So, I can understand what he meant.

babygun

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Quote from: Captain Corporate on June 30, 2022, 04:25:31 PM

I have to say, the dividend idea became better and better if you look at it today. The price of everything went low right? Which means that for the same amount of dollars, you would get a bigger piece of the pie, which means that you will get a bigger return from the dividends, which means that even if the dollar value of it would be similar, the return would be bigger. In this case you could either let it collect and when the market is back on bull and you reach 100k per bitcoin levels, then you could sell the tokens (this is the one I suggest now). Or you could simply gamble it all, and you would have bigger return to gamble which is better anyway. Todays drop really helped a lot.

The dividend you get is in 5 coins (BTC, ETH, USDT, TRX and BNB) and it is not because the market crashed, that you get more dividends. The amount you will get, is based on the amount BFG tokens you have and is not dependent on the crypto price.

Quote from: dwyane36 on June 30, 2022, 05:26:45 PM

There is no doubt that some users will be disappointed with this decision since BFG farming was a passive way to earn tokens, although I wouldn't say that APY for staking tokens in that BFG pool was high. In any case, as mentioned earlier, users can still make some money from biswap by adding BFG tokens to the liquidity pool, and I think it's a good alternative to BFG farming on the Betfury site.

APY was maybe not extremely high, but you still get around 55%, which is not bad. I know you can do it on Biswap, but it is just more convenient to do it on the Betfury site itself.

Fivestar4everMVP

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Quote from: dwyane36 on June 30, 2022, 05:26:45 PM

Quote from: babygun on June 30, 2022, 03:49:34 AM

It seems a little bit strange to me that the farming was not so popular as it is/was quite interesting in fact and the %APY was also quite high. Too bad that they will probably not renew it as it was an easy method to gather some more BFG tokens. But as you mention, the impact on the price will be limited.

users can still make some money from biswap by adding BFG tokens to the liquidity pool, and I think it's a good alternative to BFG farming on the Betfury site.

Not without impermanent loss i guess, more reason why i always prefer token farming to liquidity provision, the two can not be compared, though its a good alternative like you said .
By the way, is anybody from here participating in the "portray his majesty, Mr Fury" contest? i saw the post on betfury's telegram group, what do you guys think about this contest ?

dwyane36

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Quote from: babygun on June 30, 2022, 03:49:34 AM

It seems a little bit strange to me that the farming was not so popular as it is/was quite interesting in fact and the %APY was also quite high. Too bad that they will probably not renew it as it was an easy method to gather some more BFG tokens. But as you mention, the impact on the price will be limited.

There is no doubt that some users will be disappointed with this decision since BFG farming was a passive way to earn tokens, although I wouldn't say that APY for staking tokens in that BFG pool was high. In any case, as mentioned earlier, users can still make some money from biswap by adding BFG tokens to the liquidity pool, and I think it's a good alternative to BFG farming on the Betfury site.

Captain Corporate

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I have to say, the dividend idea became better and better if you look at it today. The price of everything went low right? Which means that for the same amount of dollars, you would get a bigger piece of the pie, which means that you will get a bigger return from the dividends, which means that even if the dollar value of it would be similar, the return would be bigger. In this case you could either let it collect and when the market is back on bull and you reach 100k per bitcoin levels, then you could sell the tokens (this is the one I suggest now). Or you could simply gamble it all, and you would have bigger return to gamble which is better anyway. Todays drop really helped a lot.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 206. (Read 90194 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 206. (Read 90194 times)