🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 310.

Renampun

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Quote from: babygun on July 01, 2021, 12:30:59 PM

Quote from: Renampun on July 01, 2021, 09:53:19 AM

...

Small update: I went into livechat to ask if the farming gets green light, what would happen with the staking. Their answer was that they are still discussing it and that we need to wait for more news on the website or social media... Also not the best way to handle this!

thanks for the update...

btw, BSW and BFG can already be traded on arken.finance https://twitter.com/ArkenFinance/status/1410899085767286787, hope this can boost up the price of BFG and also BSW which has fallen in the last few days.

arwin100

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Quote from: robelneo on July 02, 2021, 05:16:51 AM

Quote from: AmoreJaz on July 01, 2021, 03:47:43 PM

right now, we just need to wait after this voting is over and have their final announcements regarding this farming stuff. let us see if there will be options here for their players - staking or farming. but hopefully, they will provide good options here and not limit to only one choice. because with staking, we can get different coins (which is good in diversifying your portfolio), whereas with farming, most of the time, you can only get one token.

A very surprising announcement they never stop innovating and creating more features, you now have n options to buy more BFG tokens, farming and transfer it to BFG to stake, any which way you choose, you are going to make a profit I'm a little bit uncomfortable on Biswap because Rugdoc consider them as high risk, they need to add more exchange to keep up the volume and attract more investors and traders, I again repeat a call to launch a marketing campaign.

This is what makes them unique but I would rather want to see the top tier exchange listing rather than waiting for that thing since Biswap is not enough as this is unknown and really risky for us.

I with you its good to launch a marketing campaign to increase their user base but this will depends if they have budget for marketing since if not maybe we can see a sloe progress here.

iv4n

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Quote from: robelneo on July 02, 2021, 05:16:51 AM

Quote from: AmoreJaz on July 01, 2021, 03:47:43 PM

right now, we just need to wait after this voting is over and have their final announcements regarding this farming stuff. let us see if there will be options here for their players - staking or farming. but hopefully, they will provide good options here and not limit to only one choice. because with staking, we can get different coins (which is good in diversifying your portfolio), whereas with farming, most of the time, you can only get one token.

A very surprising announcement they never stop innovating and creating more features, you now have n options to buy more BFG tokens, farming and transfer it to BFG to stake, any which way you choose, you are going to make a profit I'm a little bit uncomfortable on Biswap because Rugdoc consider them as high risk, they need to add more exchange to keep up the volume and attract more investors and traders, I again repeat a call to launch a marketing campaign.

It's nice how they pay attention to what would people like when they plan to make some changes! I think this is the third time they have voting about changes they plan to make...
Like always, every system has pros & cons... I guess it's the same now with staking or farming! Whatever happens, I believe Betfury will stay amazing as it is, with all on-site features!
I guess Robelneo has a point, a marketing campaign would be good for a new exchange on the market, it's how they can attract more people! They are still in the early stages and with so many exchanges around they will need to make an extra effort to bring people on the site, and of course to keep them there!

robelneo

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Quote from: AmoreJaz on July 01, 2021, 03:47:43 PM

right now, we just need to wait after this voting is over and have their final announcements regarding this farming stuff. let us see if there will be options here for their players - staking or farming. but hopefully, they will provide good options here and not limit to only one choice. because with staking, we can get different coins (which is good in diversifying your portfolio), whereas with farming, most of the time, you can only get one token.

A very surprising announcement they never stop innovating and creating more features, you now have n options to buy more BFG tokens, farming and transfer it to BFG to stake, any which way you choose, you are going to make a profit I'm a little bit uncomfortable on Biswap because Rugdoc consider them as high risk, they need to add more exchange to keep up the volume and attract more investors and traders, I again repeat a call to launch a marketing campaign.

AmoreJaz

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Quote from: FinneysTrueVision on July 01, 2021, 03:15:22 PM

Quote from: Renampun on July 01, 2021, 09:53:19 AM

I filled in the vote with the answer 'no'

farming has the risk of 'impermanent loss' and I see this is really detrimental to the farmer. I prefer staking BFG on betfury and get paid tokens consistently.

Impermanent loss should not be a worry. The way they have described this it should work similar to the launchpool they have on Biswap but instead of staking BSW you stake BFG to get more BFG.

right now, we just need to wait after this voting is over and have their final announcements regarding this farming stuff. let us see if there will be options here for their players - staking or farming. but hopefully, they will provide good options here and not limit to only one choice. because with staking, we can get different coins (which is good in diversifying your portfolio), whereas with farming, most of the time, you can only get one token.

FinneysTrueVision

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Quote from: Renampun on July 01, 2021, 09:53:19 AM

I filled in the vote with the answer 'no'

farming has the risk of 'impermanent loss' and I see this is really detrimental to the farmer. I prefer staking BFG on betfury and get paid tokens consistently.

Impermanent loss should not be a worry. The way they have described this it should work similar to the launchpool they have on Biswap but instead of staking BSW you stake BFG to get more BFG.

RealMalatesta

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Quote from: onecall123 on July 01, 2021, 12:48:43 AM

To be honest, I'm continuously losing interest BFG Staking procedure. BFG staking isn't productive as it was before, so I wanna to see grow my BFG token at any how. Thus, I support BFG Token Farming this will definitely boost the prize of this token as well as the platform. The BetFury team aims to give us a ways of increasing BFG token through farming mechanics, we should accept it.

I would say it is exactly what we need, but at the same time risking the price that is already in trouble. Since it is a limited amount of BFG token, it means that if you start to give that away there is going to be a big problem when the token ends, I mean we need to keep giving BFG to people who earn it not who farm it BUT at the same time we are going to need people who will want to buy BFG to farm BFG as well, which either they can compound or they may end up selling.

There is no guaranteed answer to this, nobody could tell you what to do when the topic is like this, but at the end of the day we are going to have to face something that we haven't faced before and pick a choice and move on with it, otherwise we are just... looking around waiting for something to happen. Which is why I would say yes, not because it is correct or wrong choice, because I do not know which one is better, but because it changes some stuff and makes it a bit more exciting again.

babygun

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Quote from: Renampun on July 01, 2021, 09:53:19 AM

I filled in the vote with the answer 'no'

farming has the risk of 'impermanent loss' and I see this is really detrimental to the farmer. I prefer staking BFG on betfury and get paid tokens consistently.

Small update: I went into livechat to ask if the farming gets green light, what would happen with the staking. Their answer was that they are still discussing it and that we need to wait for more news on the website or social media... Also not the best way to handle this!

Renampun

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Activity: 2338

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Quote from: FinneysTrueVision on June 30, 2021, 07:31:41 PM

Quote from: klarki on June 30, 2021, 04:23:24 PM

The BetFury's community request | BFG Token Farming

Source link: https://betfury.io/voting

What do you think about this?)

I'm not sure this can really be called farming. This is more like staking but I guess staking is a form of yield farming. I think adding some elements of DeFi is fine. People want to increase their BFG and this is a nice way of doing it passively.

I filled in the vote with the answer 'no'

farming has the risk of 'impermanent loss' and I see this is really detrimental to the farmer. I prefer staking BFG on betfury and get paid tokens consistently.

babygun

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Quote from: Dewi Aries on June 30, 2021, 07:43:48 PM

If the farm is opened then what about staking? users will compare which one is more profitable then choose one of them
This means that one of these programs is no longer useful, right?

I think that both systems will continue to exist, that would also be the most logic for me. If that's the case, than my vote is yes as it can be an interesting new feature.

Quote from: UserU on July 01, 2021, 03:23:15 AM

Yeah. Staking used to be good until recently when my holdings took way longer to reach a dollar in BTC.

Let's wait and see.

Yeah true, A couple of months ago, I received up to 400 - 500 satoshis (with a lot less BFG tokens), but that amount has dropped a lot. The big win of 4 BTC recently also doesn't help.

UserU

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Quote from: onecall123 on July 01, 2021, 12:48:43 AM

To be honest, I'm continuously losing interest BFG Staking procedure. BFG staking isn't productive as it was before, so I wanna to see grow my BFG token at any how. Thus, I support BFG Token Farming this will definitely boost the prize of this token as well as the platform. The BetFury team aims to give us a ways of increasing BFG token through farming mechanics, we should accept it.

Yeah. Staking used to be good until recently when my holdings took way longer to reach a dollar in BTC.

Let's wait and see.

delfastTions

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Quote from: onecall123 on July 01, 2021, 12:48:43 AM

To be honest, I'm continuously losing interest BFG Staking procedure. BFG staking isn't productive as it was before, so I wanna to see grow my BFG token at any how. Thus, I support BFG Token Farming this will definitely boost the prize of this token as well as the platform. The BetFury team aims to give us a ways of increasing BFG token through farming mechanics, we should accept it.

Experience shows that farming is not very successful and profitable if you are late in the process. In my humble opinion, in general, pharming is a very problematic and crafty financial invention that has developed on the crypto markets.
In general, I do not think that the shrinks of farming with BFG will be happy after some time has passed and it turns out that earning good dividends is not so easy at all.

onecall123

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Quote from: tippytoes on June 30, 2021, 06:47:30 PM

Quote from: UserU on June 30, 2021, 12:28:46 AM

Quote from: babygun on June 29, 2021, 01:34:04 PM

That's already a nice amount of BFG tokens! What is the plan: keep them in your account for your daily dividends or sell some when the BFG price would boost massively?

Based on the screenshot, likely to let them stake for dividends.

If he decides to add them to the LP, he has to pair them with another token, either BNB or BSW. Not to mention there's a risk of impermanent loss if the price movements are large.

There is a potential BFG farming on the betfury itself. Let us wait what will be the final decision for this BFG farming. Right now, as it sits, it is about 90% who voted to have farming of BFG in the site. And we need to wait up until July 7 to see what the community thinks about it. If there will be farming on betfury, I guess, that's another good option to take other than staking your BFG.

To be honest, I'm continuously losing interest BFG Staking procedure. BFG staking isn't productive as it was before, so I wanna to see grow my BFG token at any how. Thus, I support BFG Token Farming this will definitely boost the prize of this token as well as the platform. The BetFury team aims to give us a ways of increasing BFG token through farming mechanics, we should accept it.

Bttzed03

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Quote from: FinneysTrueVision on June 30, 2021, 07:31:41 PM

~
I'm not sure this can really be called farming. This is more like staking but I guess staking is a form of yield farming.

Even the most popular of AMM and Yield Farming platforms would separate the term farming (LP) from staking (single).

Quote from: Dewi Aries on June 30, 2021, 07:43:48 PM

~
If the farm is opened then what about staking? users will compare which one is more profitable then choose one of them
This means that one of these programs is no longer useful, right?

The proposal shouldn't replace the dividend system (if approved). The staking system would only reward stakers/holders in BFG tokens but I prefer to be paid in different coins + USDT.

I voted NO to the proposal. Part of it was because it's not clear if it will replace the dividend system and I don't think those who voted YES realized that. Another thing is that I don't like minting new tokens from the total supply. Mining and buying from third party exchanges should be enough to get BFG.

UserU

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Quote from: tippytoes on June 30, 2021, 06:47:30 PM

There is a potential BFG farming on the betfury itself. Let us wait what will be the final decision for this BFG farming. Right now, as it sits, it is about 90% who voted to have farming of BFG in the site. And we need to wait up until July 7 to see what the community thinks about it. If there will be farming on betfury, I guess, that's another good option to take other than staking your BFG.

Hmmm, that's more or less the same as BSW staking at the moment. So we pay some BNB to park our tokens here or on Biswap and then let them grow.

Does that mean BetFury would retire the dividends?

Dewi Aries

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Quote from: FinneysTrueVision on June 30, 2021, 07:31:41 PM

Quote from: klarki on June 30, 2021, 04:23:24 PM

The BetFury's community request | BFG Token Farming

Source link: https://betfury.io/voting

What do you think about this?)

I'm not sure this can really be called farming. This is more like staking but I guess staking is a form of yield farming. I think adding some elements of DeFi is fine. People want to increase their BFG and this is a nice way of doing it passively.

If the farm is opened then what about staking? users will compare which one is more profitable then choose one of them
This means that one of these programs is no longer useful, right?

FinneysTrueVision

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Quote from: klarki on June 30, 2021, 04:23:24 PM

The BetFury's community request | BFG Token Farming

Source link: https://betfury.io/voting

What do you think about this?)

I'm not sure this can really be called farming. This is more like staking but I guess staking is a form of yield farming. I think adding some elements of DeFi is fine. People want to increase their BFG and this is a nice way of doing it passively.

tippytoes

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Quote from: UserU on June 30, 2021, 12:28:46 AM

Quote from: babygun on June 29, 2021, 01:34:04 PM

That's already a nice amount of BFG tokens! What is the plan: keep them in your account for your daily dividends or sell some when the BFG price would boost massively?

Based on the screenshot, likely to let them stake for dividends.

If he decides to add them to the LP, he has to pair them with another token, either BNB or BSW. Not to mention there's a risk of impermanent loss if the price movements are large.

There is a potential BFG farming on the betfury itself. Let us wait what will be the final decision for this BFG farming. Right now, as it sits, it is about 90% who voted to have farming of BFG in the site. And we need to wait up until July 7 to see what the community thinks about it. If there will be farming on betfury, I guess, that's another good option to take other than staking your BFG.

lixer

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Quote from: FanEagle on June 29, 2021, 01:04:25 PM

Quote from: AmoreJaz on June 28, 2021, 06:19:18 PM

as of now, the price of BSW is $0.698. i thought it will increase as the market is somewhat greenish in the past few days. but it fell down to this price. don't know what is happening but the liquidity of some pools is also going down. i was planning before to add more in one of my staked pools. but now, im thinking if that is the right choice or just let the bfg stake in the betfury
if BSW will go down below 50 cents, then start thinking of your future in that platform.

That type of decision should not be taken lightly. I mean at the end of the deal we are talking about something that could be very beneficial for you if biswap actually becomes something huge, and would be horrible for you if they turn out to suck big time. BFG is a different thing then BSW, they are two totally different things, just because BFG is listed in BSW doesn't mean that they are somehow affiliated together, they are different companies who just agreed to work together and that is the extend of it as far as we know.

I still like BFG even with the price, because I believe as long as there is money to be made from this in the long term via dividends then there is nothing to worry about the price, if you can wait long enough then you will make it back one day or another. However same can't be said about BSW which could keep going down forever.

There are just waaaay too many of these "swaps" and I do not think that BFG should be tied to it at all. I am not saying do not farm it, of course go ahead and do that if you want to, or don't if you do not want to, that is all just depending on what you want to do. However what you should do if you ask me is to get BFG back as much as you can, try to earn BFG with it, and even though it is not direct, you can buy it with what you earn.

BFG is the token of this website and we are in the topic of this casino and we should all want BFG to go up, and one of the best ways to do that is to buy it, so get your "free" bsw and then use it to buy BFG and that is how you can profit from it. If ALL of us buy BFG then we can increase the price back to over 20 cents as well, it will not be quick but it will definitely happen if we all agree to do that.

klarki

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The BetFury's community request | BFG Token Farming

Code:

BFG Token has started its long on-chain way in Binance Smart Chain ecosystem shuttle. Since launching on Biswap exchange BFG has faced lots of attention from new holders, traders and investors.

We have seen a huge impact of Decentralized Finance (DeFi) on the cryptocurrency industry and can't stay away from the space where the BetFury platform exists right now and is constantly moving forward.

The BetFury team is delivering new ways for the BFG Token utility and one of them is Farming mechanics.

Quote

What is Farming?

Code:

Farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. - Binance Academy.

Farming mechanism is a great opportunity for all the new and existing users to compound their BFG Tokens and maximize the approach of BFG Tokens usage.

How Farming may be applied to BetFury?

Code:

BFG Token Farming is designed in a common way to DeFi industry user experience. BFG Token farming is gonna be operated by Smart Contract in Binance Smart Chain BEP-20 protocol.

How does it work?

Code:

To be able to use Farming on BetFury you should have Metamask or Binance Smart Chain wallet and have some BFG Tokens on your wallet, bought or mined by placing bets - doesn't matter.

By locking your BFG Tokens in the smart contract you will be able to receive BFG Tokens as a reward with the high APR, which means the longer you lock - the more tokens you get.

💬💬💬 Community Request.

The BetFury team would like to change the exciting token economics. Total supply remains the same: 5 000 000 000 BFG. We would like to mint a part of the total supply and provide those tokens for Farming purposes.

Pros and opportunities of BFG Token Farming on BetFury.

✓ Another use case for BFG Token
✓ Expected BFG Token value increasement
✓ Ease onboarding of new users/investors
✓ Entering of BFG Token to Decentralized Finance industry
✓Marketing purposes reaching in new users attraction
✓ Opening possibility for new partnerships
The BetFury team sees a huge opportunity for this new feature implementation on the platform. In this case, we ask the community to vote and support the BFG Token economy changing to provide the supply for Farming.

The community voting will last for 1 week. If the result with 51% is approved as a community decision, the BetFury team is going to implement BFG Token Farming on the platform in a short term.

Source link: https://betfury.io/voting

What do you think about this?)

BFG/USDT

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 310. (Read 84992 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 310. (Read 84992 times)