Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 296. (Read 77775 times)

There are many things in play we need to take into consideration:

- mining cost.
at this moment this is around 0.05$ I think. In the past this was (way) cheaper. So there are milions of BFG out there that were mined for much less.

- div payments
this is fairly stable at the moment at 0.08$ / 1000 BFG.
however, we just received sports betting which could mean an increase. Furthermore, for BFG to be tradable, there would need to be Liquidity on the exchanges. So this means less BFG staked, which means more div.

- APR of staking on Betfury.
taking the current mining cost and div payments, we are looking at around 58.4% APR.
However, this can easily increase by a lot if BFG is leaving the staking pool and entering liquidity pool.


Main question is (I think); what APR are people looking for when staking on Betfury?
100% would sound reasonable I think.
What's needed for that?
well, currently around 1.2bil BFG is staked. 20% outflow would mean 240mil BFG liquidity
This would already get you 100%  when BFG is 0.035$ AND div pool payment stays the same.
The aforementioned $0.06525 would be 53.7% APR for current div pool payments (with 20% outflow)

Then there will be the liquidity pool which will give rewards to people. There will be pure specalation and trading of the coin, so who knows what the price will become. But.... because mining has a certain cost I think that will counterbalance price movements (BFG too cheap; people buy. BFG too expensive, people mine and sell)

for me, any price below 0.035 is a buy for sure.
the sell price I'm not sure about yet

I have caught myself thinking that betfury.io starts to look like stake.com
Now they have added betting, the slots are almost identical. Great, because my internet provider blocks stake.com and now thanks to staking, I always have small balance that I dont worry to lose while making bets.

So many impatient people comes with unrealistic prediction. It's better go through with technical idea, that would be great. Here, we only can speculate but that should realistic. I was thinking of doing that, but it's really hard to predict right now.

---

Another great job by BetFury team. Finally Sports Betting is on the BetFury. This will attract a whole new breed of gamblers. This is just beginning, more to come.

​⚽️  Ready, Steady, Gooo!  ⚽️
Sports Betting Grand Opening

So let the fun begin! 🏁

Over 80 Sports and more than
50 000 Live Events in one place

https://betfury.io/

Grab your drinks and enjoy placing bets with:

🏀Best games with the highest odds
🏀Exclusive Promotions
🏀Referral bonuses & Staking rewards

Follow Sports Betting social networks
to stay tuned for hot news:
https://betfury.io/news/sports-betting

Sports Betting is coming!)

A tab has appeared today:
https://betfury.io/sport-betting




Source link: https://betfury.tv/2SmZ0eB

---

I was in a hurry again.





Full info: https://betfury.io/news/sports-betting

little over $0.05 / BFG sounds about right.
I guess the price will be between $0.01 and 0.05-ish (at the start)

I've played dice with 2 cents autobet. Managed to lose around 3 bucks that I've got from staking, but got 57 BFG in return. If the token would cost $1, it will be an easy 54 bucks for me. I dont this will ever happen and betfury wont allow such easy earnings. Quite unrealistic indeed. I would be happy to sell my 1000+ BFG into 1000 bucks, but I'm a realist.

Why don't others understand this?

Judging by this information:




1 BFG = 0,06525$

But I'm afraid we won't see this price either. The market will put everything in its place)
 

Listing on the exchange creates many options for BFG users I would do the same if it drops, BFG players have different characters, there are players who are going to sell some of their tokens regardless of the buy order, and there are players who want to add more so they continue to make passive income, let's see what price the token price will be, there are players even predicting $1 I would love that to happen but quite unrealistic.

Listing is not today (Steve / CEO said so in Telegram chat)

Beware of scammers claiming it is listed and pointing to scam coin

Most of us will "park" our tokens on site, and yes we will get dividend payouts from that! We can assume that most of the tokens will stay locked, so there will not be so many tokens in circulation! One of the things that will affect the price!

I believe I will buy more tokens if the price drops under the mining price, and at the same time, I will continue to mine tokens! Having more tokens means higher dividends payouts, when we keep mining or buying tokens we can make sure that daily payouts will not drop down drastically!

Exactly. In fact, it brings in more players to park their tokens there, perhaps chill and enjoy the dividends pouring in.

not yet. Apparently the Certik was a day delayed and they need to replan some things? At least that was what I read in Telegram.

Might be an exciting day with both sports and listing..... but it also might be another week of waiting . We just don't know.
But I'd rather have them do it right than rush it....

(oh.. and sports first please )

I don't think that either, people are playing on gambling site for fun and to win big times, I don't believe the majority of players are playing because of mining BFG alone, they will keep on playing, there is a lot of jackpot to be won and, on the drop rate of players playing, we'll have to see that, the developers keep checking the data and create new rules to make it sustainable in a long haul.

BTW do we have a specific date on the listing, BSW already has Certik audit certification the time is ripe now.

I don't think that the activity will drop on the site because of the listing. Why would people stop mining, as the more they mine, the more dividend they receive.
Even if you buy some coins on the exchange for the dividend, a lot of players will also gamble with these dividends.

There will be less gamblers because they are not going to be mining BFG because it will be buy-able option, and there will be people who would be willing to sell their BFG as well, so I am sure there will be less attention here for sure. However what people are forgetting is that we are one stage higher now with this, and that is going to change a lot of things, with this new level we are in, we are going to see it build on top of this and that is going to be awesome. Sure there will be a setback there is no denying that but after that we are going to build on top of it one layer at a time and I believe it is going to get just better and better.

I am waiting to get in after a while, I am not going to get in right now, but with some time I am sure we will hit bottom and then we will just go higher and higher non-stop with the things we have here.

I can see why they disabled the cashback for playing slots and other casino games. Having to pay out jackpots, dividends, this would help the site to sustain longer.

Cashback Accrual Update


Full info: https://betfury.io/news/cashback-update

I wish I would receive 1 BFG for everytime the Betfury time says 'soon'. ugh...
ANOTHER promotional event for upcoming sports betting. 'SOON'.

hopefully this is not bad news, as EURO2020 is starting tomorrow and I kinda expected sport betting to be in time for that.

Really good advice! 
Over the course of many years of working in the crypto industry, I have also come across a huge number of fraudulent schemes. 
I don't even understand where so many educated in programming and so not honest people come from  ... As soon as BetFury.io develops stronger, a bastard will appear who will make a fake site. 

As for BFG mining, I think this is a good option for players and obviously it attracts some of the players.