Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 25. (Read 82230 times)

It's worth noting that the major part of BFG tokens burned monthly are tokens of the Betfury team. If I'm not mistaken, the Betfury team initially owned 20% of the total emission of BFG tokens, i.e. 1 billion tokens. So even if they decided to burn 1% of the total emission every six months, their reserves of BFG tokens would run out only in 10 years. Obviously, they aren't interested in burning tokens like that.

I agree with you that burning BFG tokens doesn't affect the price. The Betfury team could think about making it more effective. Suppose they could burn more tokens at least once every six months. For example, Betfury could burn 1% of the total supply every six months. I think that could positively impact the price of BFG, but the casino doesn't want to do it.

No significant growth happening since theirs no solid plan has been done by devs. They don't put much effort to create something useful for their token that's why this topic about possible development will never end since so far a lot of people is not satisfied the way how they handle their token. Maybe this is the reason why people lost their trust to accumulate since many maybe feel that they cannot get something for BFG.

I don't think we should do something about this but rather the dev or Betfury team should do something so that BFG will gain some exposure and introduce again to a lot of people since it seems there's a lot of investor forget about this token.

The Betfury team yesterday announced that they had finished beta testing of futures on its platform. They also noted its confidence that users will not have any technical problems with it. Moreover, it looks like they have added some new trading pairs with SOL, DOGE, ADA, AVAX, and BCH.

Honestly that amount is also taken out of market anyway, the fact that it is burnt only means that it is not going to be put back in the market, which is great to hear and we love that, I mean honestly burning is great and it should keep going. However, that money is not in the market anyway, so saying that it could generate hype is not real, even the giant BNB doesn't get that much hype around these parts, I think it would have to be something special and could be done in a different way.

I personally believe that we need to consider what we could do with this and that seems like the most important part. I am not saying that this is going to be easy or hard, just saying that we are not going to end up with a big BFG increase with this.

Monthly BFG burning cannot create hype, as this amount is insignificant relative to the total supply. By the way, since the beginning of this year, the Betfury team has been burning an average of 3,2 million BFG tokens every month. If they continue at this pace, it will take them more than 21 years to burn at least 50% of the total BFG supply.

They have series of token burning made but so far it didn't get a hype for BFG since maybe people use to see this on other shitcoins and think about its normal action especially if the token has a lot of supply.

So for price pump maybe people can't expect anything like this to happen since so far to many people are still not satisfied the way how they handle the developments on their token. But so far they are doing good launching a promotion for their casino so maybe in future they might think about something that can catch the interest of people to look and accumulate their token.

People wait for some hype to come for BFG since I believe there's still a lot of people holding BFG and just wait for some opportunity to dump then earn some profit.

It doesn't look like the price of the BFG token can go up anytime soon. It is worth noting that the price almost reached 2 cents in mid-March, but now it has dropped back down to 1.65 cents. As for the burning, I don't think we should take it seriously, as the monthly BFG burnings in the way that Betfury conducts them now are just a marketing ploy and nothing more.

I think you are right! The BFG tokens are interesting because of the staking and the daily dividends you can get but other than that, it has not so many options. The price can go up but the monthly burnings they do have not really an impact on the token price itself as the amount they burn is pretty low.

That's true.

The performance of the casino itself will determine the value of their own native token. But if they've been working very hard on it, there's a likely that the value will go up.

And that's one thing that's hard to maintain, the good value of the token itself from casinos as they have to add liquidity and volume of it when it's quite low.

Here I am completely agreed with you about few points about this project and casino but still few things which are not happening by team are needed to happen because still I believe they are doing good job, and they need to give updates regularly to their investors and all members of the casino which will improve confidence which is tumbling due to their recent few changes, and I am not sure whether we will have this token on Binance in long run because things are not favoring for having this listed on better exchanges, and they are also not doing anything for improving price of the token as well.
Here no doubt still the best thing their casino and sportsbook doing good work, and we have nothing problem for anyone about these all-in recent times.

As you can't push thru the team to regularly give the update of the development their token, you can just assess the utility of their token and how are they performing right now. If you feel it is not up to your expectations, then sell your tokens and move on. It is hard to expect that things will move swiftly because they have other concerns on their business. I understood, a lot of their holders are still hoping that one day, they will list it to binance. But for now, work on something you think is more plausible to happen rather than expecting something that is far from the horizon.

Just think of the fact that this casino/bookie is still alive and doing their business. Most casinos which launched their own tokens were already dead. So be grateful that this site is still competing with other reputable gambling sites.

I don’t understand this part? Betfury will survive even if their BFG token will go worthless since they are just using it to milk investors liquidity for their marketing while their casino profit will go directly to the owners pocket.


This is the harsh reality of casino utility token. It’s value derived from the casino success since its the speculation makes it valuable in the long run. Token staking is just a bland since user earn BFG token also or lesser when they choose other currencies while the team is draining the liquidity pool slowly and at the same time holders force to hold in exchange for small passive profit.

Betfurry survives in the BFG token market for some of the popularity of the casino site as gambling can be done with BFG tokens.  If the popularity of this casino site decreases then the BFG token will also be destroyed from the market. BFG token has no potential future. so it would be foolish to think of profiting by holding it but if someone buys BFG to use this token for gambling then it is not a problem.  Gambling is fun so spending some money on it is not a problem. But it should be within capacity

If I am the investor and have my tokens for long time(baghold) I would also seek for some updates about their plans on their token. BFG tokens seems been outdated and it need exposure that's why I understand the sentiments of other people here asking for some updates regarding on their plan on their BFG token. Maybe its wrong approach for telling that they should  not expect to much on BFG token since they believe that there's something great to happen but those holders still got disappointed since as been stated the last time their representative talk about BFG token is long time already.

Yeah its undeniable that they have something done in the site but for sure for long time investor they are looking for another update since maybe they think that BFG is outdated that's why it didn't get much hype and demand.

I used to be more light towards Betfury in the past. They were a casino on the first place and everything else (token, exchange, futures and etc) as just as addiction to platform. But since April 3, since their rebranding, my attitude to them changed into either neutral or more cautious. I dont like when someone start one thing ad in a process changes into something else. When you start to build a rocket, and end with having a cupboard. Such business change I often relate to failure.

In the past I used to think that they are casino, but their BFG is just an addition, something important, but not as basis. Now their BFG, whos value isnt going anywhere up, but slowly or slightly goes down, is their basis. For me BFG isnt most attractive altcoin today.

You shouldn't expect too much from BFG, it's still a casino token that has its several uses and that's it. It can be staked on the site and one or two exchangers, to get some crypto or more BFGs and that's it... and of course, we can gamble with them on the site, which I did and lost a lot of BFGs. I don't think they have any other plans for their token, it is what it is. They work to make their casino better and it's visible...

So we can say that the BFG token is a nice feature on the site, and maybe one day the price of BFG will grow because they are burning tokens, but I doubt that we will see some special effort from the team.

trusting someone too much to the point where people think it would be impossible for that person to betray you, lying is a serious mistake. A casino that changes its domain name several times and you don't wonder why? And don't you think that at least the casino representative could come and tell you why they are changing the domain name? I believe that in your country there are serious companies that have websites, and I believe that when these companies in your country change the address of their website, they notify you in advance and explain the reasons for that change. Why do they warn you in advance? The answer is very simple: they warn you in advance because they are well educated and because they respect their customers

Now imagine that you are running a casino with a certain domain name, the casino is having a lot of customers, it is being successful. So would you change anything in the casino as it has a lot of customers and has no complaints? I think it would not be a good move on your part to change the casino when it was having a lot of customers and no customers were complaining. By this I mean that in the business world no one changes something when it is perfect and gives good results, they change it when something is not right. That's why it's normal that when you change something you explain why you're making that change. but it seems to me that some people are forgetting what good manners and the respect that a certain service provider (whether casino or exchange) should have towards customers means. It's sad what you see in this thread, people talk about the casino token and you don't see anyone from the casino talking about the token and people don't complain about this bad behavior on the casino's part. they even think this is normal

the last time the casino representative talked about the token was on June 29th of last year and it was a post about how to buy the token

https://bitcointalksearch.org/topic/m.62478060

It's funny that he never posted about the token again, and I'm not seeing the token going up and I don't see any new big exchange listing the token

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

 so I ask: in case you bought this token, wouldn't you want the casino rep Did you give news about the token? People bought the token thinking that they would make a profit and that they would obviously see the casino team saying the plans they have for the token, such as listings on major exchanges, and other things they would do to make the token's price rise.

You are right, I've also tried looking this up sometime ago and also discovered same on scamadviser.

And speaking on the betfury team answering user's query on this matter, personally, I would like to ask, is their response really important? And the questions being asked in this regard, does it add any value to betfury as a casino to deserve attention of the betfury team? The answer to this I believe is no.
So definitely, it's high likely that the team will never answer such questions, except when and if the questions directly or indirectly affects the casino, and its something the team really have to look into, then for sure, then highly possible the team will try to answer.

All the same, the casino, regardless of what domain its on, is working and operating very well, very fast as it should, games are good to play, no bug of any kind so far when I last I tried the casino, so, let's just enjoy that and leave the team to focus on their job of maintaining the casino.

The Betfury team will most likely not answer anything about this, as they rarely show any activity in this thread. They have only been posting promotional posts lately.
Anyway, I checked the data about this domain, and it looks like this domain didn't originally belong to Betfury as it was registered as far back as 2009, while the betfury.io domain was only registered in 2019.