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Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 310. (Read 76950 times)

legendary
Activity: 2114
Merit: 1147
https://bitcoincleanup.com/
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Oh, do you plan to stake your CAKE elsewhere? Can get quite decent returns rather than leaving them alone, with over 100% APY Smiley
Nah. I don't need to move it to another pool because it's auto-compounding. I was just saying I would harvest some of that if Betfury would launch another campaign with CAKE or other BSC tokens
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
Yeah, that's how it always works. You need to keep playing to win more BFG tokens so your dividend stays the same or increases. Luckily the number of BFG tokens that can be mined is capped, but for the moment only 50% of the tokens is already mined.
52% has been mined to be precise, and if i may add, 51% of those total mined tokens have been burned also. Burning rate seems to be rather effective imho. Funny enough, most of the BFG burnings happen when people gamble with it. Greed seems to be a good for burning and i can't see it ending even if BFG pays more, because it's just that greed what makes people want it more so they are willing to gamble with it.
If you bet on people being greedy, you will always win there is no doubt about that. That is what betfury did, they have built something that would be more and more valuable depending on how greedy people are and it looks like people are quite greedy and that wasn't a secret, we all know that humanity is way too greedy and betfury capitalized on that.

I believe BFT will get more valuable, obviously over course of some period there will be a moment when greedy people will realize holding their BFG will be more profitable and then a switch will be turned on and that will cause a lot of people to end up stop gambling and start investing and that is when BFG will worth a ton and that is when an exchange listing should happen because people will want to buy instead of earn BFG. No idea when that may happen but I do believe that it will happen for sure.

It seems to me that this is something incredible, by 52% it means that the way the BFGs have been burned is excessive, now what remains is to wait and see how much the rest are burned, as you say greed is eat the human being, at one point I had a lot of greed with BFG, I even bet many and lost a considerable amount, which has cost me to recover again, although with the merger I no longer know how many tokens it is equivalent, but at the rate it is going the casino is forging its own mini-economy of a deflationary nature.

I know some who have already lost all their tokens by betting and have a certain degree of guilt, because at first they had a huge amount of BFG, and now they tell me that the bets to win tokens of at least the amount they handled must be with high amounts in crypto. Some hope that they will launch another social media campaign and signatures to be able to recover some tokens, but I do not think that Betfury's plans will have that type of exposure again, although at the time it was, it gained a lot of customers.
member
Activity: 889
Merit: 60

If you bet on people being greedy, you will always win there is no doubt about that. That is what betfury did, they have built something that would be more and more valuable depending on how greedy people are and it looks like people are quite greedy and that wasn't a secret, we all know that humanity is way too greedy and betfury capitalized on that.

I believe BFT will get more valuable, obviously over course of some period there will be a moment when greedy people will realize holding their BFG will be more profitable and then a switch will be turned on and that will cause a lot of people to end up stop gambling and start investing and that is when BFG will worth a ton and that is when an exchange listing should happen because people will want to buy instead of earn BFG. No idea when that may happen but I do believe that it will happen for sure.

Yeah, there's no doubt that tokenomics on this are gold. Only thing that bothers me is the end game and what happens when mining stops but i think they have a plan. And if they play their cards right this might end up being most profitable long time casino investment out there. They would have to mess up pretty badly that it won't happen.
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
Yeah, that's how it always works. You need to keep playing to win more BFG tokens so your dividend stays the same or increases. Luckily the number of BFG tokens that can be mined is capped, but for the moment only 50% of the tokens is already mined.
52% has been mined to be precise, and if i may add, 51% of those total mined tokens have been burned also. Burning rate seems to be rather effective imho. Funny enough, most of the BFG burnings happen when people gamble with it. Greed seems to be a good for burning and i can't see it ending even if BFG pays more, because it's just that greed what makes people want it more so they are willing to gamble with it.
If you bet on people being greedy, you will always win there is no doubt about that. That is what betfury did, they have built something that would be more and more valuable depending on how greedy people are and it looks like people are quite greedy and that wasn't a secret, we all know that humanity is way too greedy and betfury capitalized on that.

I believe BFT will get more valuable, obviously over course of some period there will be a moment when greedy people will realize holding their BFG will be more profitable and then a switch will be turned on and that will cause a lot of people to end up stop gambling and start investing and that is when BFG will worth a ton and that is when an exchange listing should happen because people will want to buy instead of earn BFG. No idea when that may happen but I do believe that it will happen for sure.
hero member
Activity: 2016
Merit: 531
FREE passive income eBook @ tinyurl.com/PIA10
It seems Betfury is more focused on their NFT battles at the moment and had no plans to add more events. It's also been over a week (almost 2) since the last addition of new tokens. It's fine to host a new event using the same tokens that's already been listed. I still have unharvested CAKEs Grin

Oh, do you plan to stake your CAKE elsewhere? Can get quite decent returns rather than leaving them alone, with over 100% APY Smiley
member
Activity: 889
Merit: 60

Yeah, that's how it always works. You need to keep playing to win more BFG tokens so your dividend stays the same or increases. Luckily the number of BFG tokens that can be mined is capped, but for the moment only 50% of the tokens is already mined.

52% has been mined to be precise, and if i may add, 51% of those total mined tokens have been burned also. Burning rate seems to be rather effective imho. Funny enough, most of the BFG burnings happen when people gamble with it. Greed seems to be a good for burning and i can't see it ending even if BFG pays more, because it's just that greed what makes people want it more so they are willing to gamble with it.
legendary
Activity: 2114
Merit: 1147
https://bitcoincleanup.com/
It seems Betfury is more focused on their NFT battles at the moment and had no plans to add more events. It's also been over a week (almost 2) since the last addition of new tokens. It's fine to host a new event using the same tokens that's already been listed. I still have unharvested CAKEs Grin
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
The amount of dividends on the platforms has decreased due to the depreciation of the dollar we often increase the value based on the pools. But the prices of BTC and BNB have already gone up a lot so the amount of pool and the amount of dollars have increased even if the tokens are sold new coins will be added.
Thank you very much, I understood that it decreased as the pool was extracted for dividends, and I also thought that from that fund is where the users are paid the prizes they obtain, and also for those who work at Betfury, because each Contest each one of the actions that Betfury takes is extracted from there, right? That is why it goes down and the reward goes down.

The price of coins in FIAT have to do? because in this case I see that dividends are only obtained without taking into account the price in USD of each of the currencies.

Is this fund different from the one you have for the new currencies? the new alts?
I do think that the fund is where the prizes are paid as well, where else could it come from? There is a possibility that betfury already takes a commission, they do not get a fixed amount but a commission which means they are making a profit, why would you start a casino where the investors earn money but you won't? The only possibility in that scenario would be the betfury team having a lot of tokens of their own so they get a good amount of profit, but in any case their income depends on this business and nothing else.

So, that means maybe they might be paying those things from their own income as well that seems like the only other option but I feel like most of the payments go from the funds and that means in order for us to have a better dividend in the future, first we have to give up a bit of it for marketing and get a lot more people interested.

Well, I have read a little in the group of telegrams in Spanish, and one of the users asked that same question and they answered that yes, they actually took the money for the prizes, to pay the workers and that is why the pool was reduced and therefore the rewards as well.

Now what I do not know very well is if they get money from that same fund to pay the marketing expenses, whatever the reason it is still very favorable for the players, I think that the business model based on tokens and mining is an excellent formula . to attract the players, because they feel that somehow they do not lose, even if the pool goes down the same, everyone continues to win.
hero member
Activity: 2492
Merit: 586
The amount of dividends on the platforms has decreased due to the depreciation of the dollar we often increase the value based on the pools. But the prices of BTC and BNB have already gone up a lot so the amount of pool and the amount of dollars have increased even if the tokens are sold new coins will be added.
Thank you very much, I understood that it decreased as the pool was extracted for dividends, and I also thought that from that fund is where the users are paid the prizes they obtain, and also for those who work at Betfury, because each Contest each one of the actions that Betfury takes is extracted from there, right? That is why it goes down and the reward goes down.

The price of coins in FIAT have to do? because in this case I see that dividends are only obtained without taking into account the price in USD of each of the currencies.

Is this fund different from the one you have for the new currencies? the new alts?
I do think that the fund is where the prizes are paid as well, where else could it come from? There is a possibility that betfury already takes a commission, they do not get a fixed amount but a commission which means they are making a profit, why would you start a casino where the investors earn money but you won't? The only possibility in that scenario would be the betfury team having a lot of tokens of their own so they get a good amount of profit, but in any case their income depends on this business and nothing else.

So, that means maybe they might be paying those things from their own income as well that seems like the only other option but I feel like most of the payments go from the funds and that means in order for us to have a better dividend in the future, first we have to give up a bit of it for marketing and get a lot more people interested.
sr. member
Activity: 2100
Merit: 254
So now everything is diluted.
It's Betfury's way of saying "hey, you want more dividends? Don't slack off and play more".

It should have been clear from the start to anyone paying attention with the formula of computing rewards. It's expected that dividends for most holders will diminish as the no. of users expands.

Yeah, that's how it always works. You need to keep playing to win more BFG tokens so your dividend stays the same or increases. Luckily the number of BFG tokens that can be mined is capped, but for the moment only 50% of the tokens is already mined.
sr. member
Activity: 2044
Merit: 323

Dividends are getting lower not because of the merging but because more and more BFG tokens are getting mined. and the distribution pool stays the same.
You can see a small increase after the monthly burn of BFG tokens.

Makes sense, thanks for the explanation!

Oh yeah I just realized that my staking  are decreasing but only on today right? I also checked the payout list at least decreased by about 50%
I will wait for the next burn and see the staking results my interest will decrease if the reward also decreases
Thus, presently this is very typical situation. As more BFG tokens gets mined as lower the total amount of the dividend pool. Doesn't it okay to say, dissatisfaction coming into BFG holders, and BetFury losing their popularity? No big surprise from now BFG account holders will proceed gripe about their profit share.
sr. member
Activity: 1526
Merit: 412
So now everything is diluted.
It's Betfury's way of saying "hey, you want more dividends? Don't slack off and play more".

It should have been clear from the start to anyone paying attention with the formula of computing rewards. It's expected that dividends for most holders will diminish as the no. of users expands.
hero member
Activity: 2016
Merit: 531
FREE passive income eBook @ tinyurl.com/PIA10
Don't forget that a couple of months ago, the dividend only contained BTC, TRX, BTT and USDT. Since the addition of ETH and BNB, the dividends are more spread out over the 6 coins.
The total amount of the dividend pool has stayed the same but as the number of BFG tokens that gets mined increases every day, your dividend drops.

So now everything is diluted.

Welp, time to source from referrals time time around.
sr. member
Activity: 2100
Merit: 254

Dividends are getting lower not because of the merging but because more and more BFG tokens are getting mined. and the distribution pool stays the same.
You can see a small increase after the monthly burn of BFG tokens.

Makes sense, thanks for the explanation!

Oh yeah I just realized that my staking  are decreasing but only on today right? I also checked the payout list at least decreased by about 50%
I will wait for the next burn and see the staking results my interest will decrease if the reward also decreases

Don't forget that a couple of months ago, the dividend only contained BTC, TRX, BTT and USDT. Since the addition of ETH and BNB, the dividends are more spread out over the 6 coins.
The total amount of the dividend pool has stayed the same but as the number of BFG tokens that gets mined increases every day, your dividend drops.
legendary
Activity: 2646
Merit: 1090
Leading Crypto Sports Betting & Casino Platform

Dividends are getting lower not because of the merging but because more and more BFG tokens are getting mined. and the distribution pool stays the same.
You can see a small increase after the monthly burn of BFG tokens.

Makes sense, thanks for the explanation!

Oh yeah I just realized that my staking  are decreasing but only on today right? I also checked the payout list at least decreased by about 50%
I will wait for the next burn and see the staking results my interest will decrease if the reward also decreases
hero member
Activity: 2016
Merit: 531
FREE passive income eBook @ tinyurl.com/PIA10

Dividends are getting lower not because of the merging but because more and more BFG tokens are getting mined. and the distribution pool stays the same.
You can see a small increase after the monthly burn of BFG tokens.

Makes sense, thanks for the explanation!
member
Activity: 889
Merit: 60
-cut-
Dividends are getting lower not because of the merging but because more and more BFG tokens are getting mined. and the distribution pool stays the same.
You can see a small increase after the monthly burn of BFG tokens.

Actually for example total distributed btc amount has halved from february too. Eth has decreased too. And in the overall i haven't seen any difference in dollar amount, but i am getting paid way more via BNB and TRX now. I am currently mining only with slots even though it's not as steady but you can gamble with trx with quite small amounts and average return to player is quite high.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform

Could you elaborate on what dilemma? You are the only one who said that BFG would remove dividends without explaining what you mean. Of course they will remove dividends for tokens that are not staking in the site. They already have token that are not staking. It's not complex.

Renampun's comment on the other hand didn't make any sense at all. What manipulation are you guys talking about? There will be same amount of circulating tokens even when they are been sold.

Hey guys I have a question, have I missed something? Has Betfury made a statement that they will eliminate dividends? I have not frequented the platform, I know that the pool has decreased, if the pool falls to zero, are the dividends eliminated? in that case there is no more staking?

-cut-

Betfury hasn't made any such statement. I was just trying to make sense what Obito and Renampun were talking about. And yes, if the pools would fell to zero, there would be nothing to pay from obviously. But i don't see it falling to zero nor i have seen it decreased in dollar value. Obviously it has dropped in btc/eth and BNB value because those are climbing in dollar value.
The amount of dividends on the platforms has decreased due to the depreciation of the dollar we often increase the value based on the pools. But the prices of BTC and BNB have already gone up a lot so the amount of pool and the amount of dollars have increased even if the tokens are sold new coins will be added.

Thank you very much, I understood that it decreased as the pool was extracted for dividends, and I also thought that from that fund is where the users are paid the prizes they obtain, and also for those who work at Betfury, because each Contest each one of the actions that Betfury takes is extracted from there, right? That is why it goes down and the reward goes down.

The price of coins in FIAT have to do? because in this case I see that dividends are only obtained without taking into account the price in USD of each of the currencies.

Is this fund different from the one you have for the new currencies? the new alts?
sr. member
Activity: 2100
Merit: 254
The staking payouts are really getting lower. So if you are a regular player, just play on this site and earn BFG if you want more tokens in staking.
You can still get BFG token even if you play small but you can always get something here.
And I very well agree, just let your BFG tokens stake and not use it for gambling.

I thought I was the only one. Indeed the rewards have been diluted since the merging.

Now it takes like close to a month to churn out $1 in Bitcoin when I have around 745 BFG tokens.

Dividends are getting lower not because of the merging but because more and more BFG tokens are getting mined. and the distribution pool stays the same.
You can see a small increase after the monthly burn of BFG tokens.
hero member
Activity: 2016
Merit: 531
FREE passive income eBook @ tinyurl.com/PIA10
The staking payouts are really getting lower. So if you are a regular player, just play on this site and earn BFG if you want more tokens in staking.
You can still get BFG token even if you play small but you can always get something here.
And I very well agree, just let your BFG tokens stake and not use it for gambling.

I thought I was the only one. Indeed the rewards have been diluted since the merging.

Now it takes like close to a month to churn out $1 in Bitcoin when I have around 745 BFG tokens.
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