🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 271.

babygun

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Quote from: onecall123 on October 07, 2021, 02:08:11 AM

Even though burning is ongoing for quite some time, yet the price hasn't been affected except downwards. Due to the BFG team's constant efforts to popularize and develop the BFG ecosystem, I'd like to take advantage of this low offer while the token is still available. Are the BFG tokens always bought back and destroyed? However, buying back is quite trendy nowadays, so there is a good chance it'll work. Buying some BFG tokens for stake payouts as it's undervalued.

For the moment they don't take any BFG tokens back but they burn a certain amount of BFG tokens every month. The amount is based on the amount of BFG tokens lost in playing the in-house games and the tokens used for the auction. There is also a certain amount of BFG tokens from the team burned every month.

Buying the tokens for the dividend is interesting but only if you keep them long enough. I posted some calculations some time ago and the ROI is quite longer than expected (around 1 year depending on crypto price).

o48o

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It doesn't really even matter if they burn them after buying, the point is to create buy pressure, the supply needs to bee inflationary anyway when people are farming it. And it's not like they will stack those bought tokens to get dividends, right?

iv4n

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Quote from: UserU on October 07, 2021, 02:43:23 AM

Quote from: delfastTions on October 07, 2021, 02:28:56 AM

Whenever the price goes down, the question arises, how much more can it go down? For example, I bought tokens on the contrary on a flat after a decline, although it did not always work out successfully. But on average, all the same it turned out successfully. ...
But no one can say where it is at the very bottom of the token rate. So it remains only to guess and act as your experience and intuition tells you (well, if it does not deceive you !!!

)

This image suits the whole what-ifs Grin

I agree, this image suits it... and BFG is not the only token that is dipping! Well, it's the market... while some big ones are going up, some little ones are trying to survive, it's not like we didn't saw something similar before!

In the end, some people will believe and buy more, some weak hands will probably try to cut losses and sell... what is better and what is smart to do is impossible to say, too many "what-ifs" can be confusing... so I will not bother my brain too much, I will keep what I have and I will add more with gambling, the only way I know it's working!

UserU

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Quote from: delfastTions on October 07, 2021, 02:28:56 AM

Whenever the price goes down, the question arises, how much more can it go down? For example, I bought tokens on the contrary on a flat after a decline, although it did not always work out successfully. But on average, all the same it turned out successfully. ...
But no one can say where it is at the very bottom of the token rate. So it remains only to guess and act as your experience and intuition tells you (well, if it does not deceive you !!!

)

This image suits the whole what-ifs Grin

delfastTions

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Quote from: UserU on October 07, 2021, 02:14:22 AM

Quote from: onecall123 on October 07, 2021, 02:08:11 AM

Even though burning is ongoing for quite some time, yet the price hasn't been affected except downwards. Due to the BFG team's constant efforts to popularize and develop the BFG ecosystem, I'd like to take advantage of this low offer while the token is still available. Are the BFG tokens always bought back and destroyed? However, buying back is quite trendy nowadays, so there is a good chance it'll work. Buying some BFG tokens for stake payouts as it's undervalued.

If the price goes downwards, it's always a good chance to buy. That's what many say after seeing it breaking certain points and regretting for not taking action

Whenever the price goes down, the question arises, how much more can it go down? For example, I bought tokens on the contrary on a flat after a decline, although it did not always work out successfully. But on average, all the same it turned out successfully. ...
But no one can say where it is at the very bottom of the token rate. So it remains only to guess and act as your experience and intuition tells you (well, if it does not deceive you !!!

)

UserU

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Activity: 2128

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FREE passive income eBook @ tinyurl.com/PIA10

Quote from: onecall123 on October 07, 2021, 02:08:11 AM

Even though burning is ongoing for quite some time, yet the price hasn't been affected except downwards. Due to the BFG team's constant efforts to popularize and develop the BFG ecosystem, I'd like to take advantage of this low offer while the token is still available. Are the BFG tokens always bought back and destroyed? However, buying back is quite trendy nowadays, so there is a good chance it'll work. Buying some BFG tokens for stake payouts as it's undervalued.

If the price goes downwards, it's always a good chance to buy. That's what many say after seeing it breaking certain points and regretting for not taking action

onecall123

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Quote from: robelneo on October 07, 2021, 01:51:02 AM

Quote from: delfastTions on October 07, 2021, 01:17:22 AM

I support this discussion on what to do better - to burn tokens or make a buyback.
I am also a supporter burn tokens. By the way, even Ethereum is now using the method of burning 🙂.
I agree that the buyback will most likely negatively affect the price of the token, and will not bring an advertising effect. And of course, 2 years in the gambling market, and even with powerful support, this is an excellent proof of the company's solvency and reliability.

The burning token has a long term effect buy back only short term effect, I prefer token burning some of the best projects I've seen are implementing burning mechanisms but why not implement both, BFG token is dropping but I'm looking at it positively I'm still accumulating hopefully I can accumulate just enough when the price gets better, I'd like to think that Betfury token is still a token worth investing, you'ill just admires how dedicated they are.

Even though burning is ongoing for quite some time, yet the price hasn't been affected except downwards. Due to the BFG team's constant efforts to popularize and develop the BFG ecosystem, I'd like to take advantage of this low offer while the token is still available. Are the BFG tokens always bought back and destroyed? However, buying back is quite trendy nowadays, so there is a good chance it'll work. Buying some BFG tokens for stake payouts as it's undervalued.

robelneo

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Quote from: delfastTions on October 07, 2021, 01:17:22 AM

I support this discussion on what to do better - to burn tokens or make a buyback.
I am also a supporter burn tokens. By the way, even Ethereum is now using the method of burning 🙂.
I agree that the buyback will most likely negatively affect the price of the token, and will not bring an advertising effect. And of course, 2 years in the gambling market, and even with powerful support, this is an excellent proof of the company's solvency and reliability.

The burning token has a long term effect buy back only short term effect, I prefer token burning some of the best projects I've seen are implementing burning mechanisms but why not implement both, BFG token is dropping but I'm looking at it positively I'm still accumulating hopefully I can accumulate just enough when the price gets better, I'd like to think that Betfury token is still a token worth investing, you'ill just admires how dedicated they are.

delfastTions

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I support this discussion on what to do better - to burn tokens or make a buyback.
I am also a supporter burn tokens. By the way, even Ethereum is now using the method of burning 🙂.
I agree that the buyback will most likely negatively affect the price of the token, and will not bring an advertising effect. And of course, 2 years in the gambling market, and even with powerful support, this is an excellent proof of the company's solvency and reliability.

dwyane36

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Quote from: OcTradism on October 06, 2021, 07:50:21 AM

Burning is one of way to reduce total supply but buyback can be considered. Betfury team can use the buy back strategy and doing this, they will create more belief in the community. The community will have more trust on Betfury because they know the team are serious with their project.

It is an activity to show that Betfury is no scam. They can do buy back and use those bought tokens to run promotions. It will help the community get more familiarized with the token. I mean they can use Bitcoin or BFG token to run promotion so why don't choose BFG tokens from buy back program?

Betfury has already proven that their casino isn't a scam, especially since they will soon celebrate their 2nd birthday. Regarding the buyback program, I think it's not a good idea to use it for promotions. I mean, it would have a bad effect on the price of the token in the long run if they used it this way.

BitcoinHunt3r

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Quote from: Fredomago on October 06, 2021, 11:45:36 AM

Quote from: OcTradism on October 06, 2021, 07:50:21 AM

Quote from: dwyane36 on October 05, 2021, 06:20:05 PM

Yeah, Betfury's roadmap looks good, and it seems that they are preparing a lot of events in the 4th quarter of this year. By the way, Betfury already burned 42% of the total supply, and they continue to transfer an average of 17 mln BFG tokens to the burn address every month. So I doubt that devs have plans to launch another burning program.

Burning is one of way to reduce total supply but buyback can be considered. Betfury team can use the buy back strategy and doing this, they will create more belief in the community. The community will have more trust on Betfury because they know the team are serious with their project.

It is an activity to show that Betfury is no scam. They can do buy back and use those bought tokens to run promotions. It will help the community get more familiarized with the token. I mean they can use Bitcoin or BFG token to run promotion so why don't choose BFG tokens from buy back program?

Buy back for promoting the coin, not bad at all. If the team is planning to launch more informational drive to bring new players to the site, aside from paying with bitcoin or any other rewards it also good to give BFG as rewards, I know way back that BeFurry runs signature campaign and they pay participants with BFG tokens, if they can repeat that it would be nice, just look with those successful and established gambling site, they provide signature campaigns to invite more gamblers interest.

Don't forget betfury already has a token burned program this is almost the same as the buy back program, the goal is to reduce the total supply
Compared to the burn program it's better than buy back because if it is burned then there is no access anymore

Fredomago

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Quote from: OcTradism on October 06, 2021, 07:50:21 AM

Quote from: dwyane36 on October 05, 2021, 06:20:05 PM

Yeah, Betfury's roadmap looks good, and it seems that they are preparing a lot of events in the 4th quarter of this year. By the way, Betfury already burned 42% of the total supply, and they continue to transfer an average of 17 mln BFG tokens to the burn address every month. So I doubt that devs have plans to launch another burning program.

Burning is one of way to reduce total supply but buyback can be considered. Betfury team can use the buy back strategy and doing this, they will create more belief in the community. The community will have more trust on Betfury because they know the team are serious with their project.

It is an activity to show that Betfury is no scam. They can do buy back and use those bought tokens to run promotions. It will help the community get more familiarized with the token. I mean they can use Bitcoin or BFG token to run promotion so why don't choose BFG tokens from buy back program?

Buy back for promoting the coin, not bad at all. If the team is planning to launch more informational drive to bring new players to the site, aside from paying with bitcoin or any other rewards it also good to give BFG as rewards, I know way back that BeFurry runs signature campaign and they pay participants with BFG tokens, if they can repeat that it would be nice, just look with those successful and established gambling site, they provide signature campaigns to invite more gamblers interest.

OcTradism

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Quote from: dwyane36 on October 05, 2021, 06:20:05 PM

Yeah, Betfury's roadmap looks good, and it seems that they are preparing a lot of events in the 4th quarter of this year. By the way, Betfury already burned 42% of the total supply, and they continue to transfer an average of 17 mln BFG tokens to the burn address every month. So I doubt that devs have plans to launch another burning program.

Burning is one of way to reduce total supply but buyback can be considered. Betfury team can use the buy back strategy and doing this, they will create more belief in the community. The community will have more trust on Betfury because they know the team are serious with their project.

It is an activity to show that Betfury is no scam. They can do buy back and use those bought tokens to run promotions. It will help the community get more familiarized with the token. I mean they can use Bitcoin or BFG token to run promotion so why don't choose BFG tokens from buy back program?

tabas

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Quote from: dwyane36 on October 05, 2021, 06:20:05 PM

Yeah, Betfury's roadmap looks good, and it seems that they are preparing a lot of events in the 4th quarter of this year. By the way, Betfury already burned 42% of the total supply, and they continue to transfer an average of 17 mln BFG tokens to the burn address every month. So I doubt that devs have plans to launch another burning program.

It started to make me interested by looking at this project survive til' now. And this makes me want to try them and would still do more research not only about their casino.
But as well as their token.

dwyane36

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Quote from: babygun on October 05, 2021, 08:55:33 AM

While I can agree with you, the team should also know this and make counteractive proposals to avoid this scenario. Maybe then can launch some extensive burning programs... Their roadmap looks promising so we just need to have patience.

Yeah, Betfury's roadmap looks good, and it seems that they are preparing a lot of events in the 4th quarter of this year. By the way, Betfury already burned 42% of the total supply, and they continue to transfer an average of 17 mln BFG tokens to the burn address every month. So I doubt that devs have plans to launch another burning program.

24Kt

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Quote from: babygun on October 05, 2021, 08:55:33 AM

Quote from: FinneysTrueVision on October 04, 2021, 10:28:48 PM

BFG might pump for a while if it gets listed on Binance but then it will go back to being dumped. 99% of altcoins are not safe long term investments. Their is only 1 very specific use case for this token but besides that there will not be enough demand to sustain a price increase. We've seen this with other gambling tokens and with yield farming tokens where the price is in a constant downward spiral unless they get carried by BTC or there is short term hype.

While I can agree with you, the team should also know this and make counteractive proposals to avoid this scenario. Maybe then can launch some extensive burning programs... Their roadmap looks promising so we just need to have patience.

Most tokens are in downward movement because in the first place they have no solid foundation to begin with. However, BFG token has already use case in their own casino. Most staking or farming platforms have no other business but to collect from their users and then offer the staking or farming. On the other hand, betfury has their own casino that have been attracting gamblers, and expanding their business with the addition of sportsbetting. It may have their downward trend but I highly believe they can keep afloat in this business because they have working casino and sportsbook on the other side.

babygun

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Quote from: FinneysTrueVision on October 04, 2021, 10:28:48 PM

BFG might pump for a while if it gets listed on Binance but then it will go back to being dumped. 99% of altcoins are not safe long term investments. Their is only 1 very specific use case for this token but besides that there will not be enough demand to sustain a price increase. We've seen this with other gambling tokens and with yield farming tokens where the price is in a constant downward spiral unless they get carried by BTC or there is short term hype.

While I can agree with you, the team should also know this and make counteractive proposals to avoid this scenario. Maybe then can launch some extensive burning programs... Their roadmap looks promising so we just need to have patience.

ethereumhunter

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Quote from: zuzie on October 04, 2021, 07:59:04 PM

There are several gambling sites using almost the same concept as betfury unfortunately none of them work, now the challenge is on the betfury team how do they increase the token value or just end up like the others so far, betfury has managed to do all the tasks, it's just that the token value hasn't.

Maybe they miss something or their method is different from what Betfury did, so their promotion does not work. We know every casino will use different methods to grow their casino, whether using social media or just promoting in the forum. I think the token will soon grow, especially if it is added in more exchanges so traders will see that the token will benefit them, not just in exchange but also in the gambling section.

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Quote from: Fredomago on October 04, 2021, 08:17:26 PM

Quote from: Taskford on October 03, 2021, 10:34:43 AM

Price drop is normal on crypto so investors should get used to it since market is so volatile, but if they didn't do something like creating another ideas to market their token well we can say that this is unsustainable.

No doubt, if they will not do things that will help their coin to gain more interest this kind of fall may affect investors mindset,

the team needs to work on it, though price fluctuations should be expected but the team behind need also to monitor.

Quote

But one thing could hype this up is the exchange listing on binance although we know listing their is hard but if the dev have guts to do it for sure nothing is impossible on it.

Listing to Binance as what many expect will create good impact, the hype is very possible once the team managed to list

this coin inside this exchange..

BFG might pump for a while if it gets listed on Binance but then it will go back to being dumped. 99% of altcoins are not safe long term investments. Their is only 1 very specific use case for this token but besides that there will not be enough demand to sustain a price increase. We've seen this with other gambling tokens and with yield farming tokens where the price is in a constant downward spiral unless they get carried by BTC or there is short term hype.

Fredomago

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Quote from: Taskford on October 03, 2021, 10:34:43 AM

Price drop is normal on crypto so investors should get used to it since market is so volatile, but if they didn't do something like creating another ideas to market their token well we can say that this is unsustainable.

No doubt, if they will not do things that will help their coin to gain more interest this kind of fall may affect investors mindset,

the team needs to work on it, though price fluctuations should be expected but the team behind need also to monitor.

Quote

But one thing could hype this up is the exchange listing on binance although we know listing their is hard but if the dev have guts to do it for sure nothing is impossible on it.

Listing to Binance as what many expect will create good impact, the hype is very possible once the team managed to list

this coin inside this exchange..

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 271. (Read 85027 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 271. (Read 85027 times)