🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 314.

ultrloa

legendary

Activity: 2702

Merit: 1220

Quote from: babygun on May 01, 2021, 05:46:19 AM

Quote from: Bttzed03 on May 01, 2021, 12:27:18 AM

Betfury has added new stable coins namely BUSD, USDC, DAI and they will be added to the USDT staking pool.

Networks available:

USDC: ethereum, bsc
DAI: ethereum, bsc
USDT: tron, ethereum, bsc

^Good move to help players save on network fees.

They also opened a new box for BUSD for $1.

I expected some other altcoins to be added, but these stablecoins are also a nice addition. Best part is that we always can use the BSC chain to deposit/withdraw.
The BUSD box gives a nice interest of 15% if you stake it 1 month.

I see the stable coin as good choice for gamblers who doesn't want to get bother on market activities of certain volatile coin especially if we talk about bitcoin and ethereum, provably many gamblers would love to see this since for sure majority of crypto users are holding USDT for safe keep of their funds. I know there are some skeptical about USDT but since it got good volume and good usage well we can safely rely on its stability.

TopTort777

legendary

Activity: 2282

Merit: 1435

Whose who are constantly talking about listing - are you going to buy or to sell bfg tokens? Or simply try to speculate on that?
Buys - are you plan to buy to get more profit from staking?
Sellers - you wiah to sell because staking does not bring as much profit as you expected? (Those who want to sell are probably bounty hunters)

babygun

sr. member

Activity: 2100

Merit: 254

Quote from: Bttzed03 on May 01, 2021, 12:27:18 AM

Betfury has added new stable coins namely BUSD, USDC, DAI and they will be added to the USDT staking pool.

Networks available:

USDC: ethereum, bsc
DAI: ethereum, bsc
USDT: tron, ethereum, bsc

^Good move to help players save on network fees.

They also opened a new box for BUSD for $1.

I expected some other altcoins to be added, but these stablecoins are also a nice addition. Best part is that we always can use the BSC chain to deposit/withdraw.
The BUSD box gives a nice interest of 15% if you stake it 1 month.

UserU

hero member

Activity: 2016

Merit: 531

FREE passive income eBook @ tinyurl.com/PIA10

@iv4n, well we could use the FunToken from FreeBitcoin case for example. It was an unprecedented move to suddenly buy the whole project and allow purchases from several exchanges.

And look, things are doing better than it was ever before.

Of course branding recognition plays a major role too.

iv4n

legendary

Activity: 3122

Merit: 1171

Quote from: wesleytron on May 01, 2021, 12:48:27 AM

are the bfg tokens being exchanged anywhere?

Not yet! As you can see in the posts above... with a few words about that!

Quote from: SquallLeonhart on April 30, 2021, 03:22:18 PM

Quote from: delfastTions on April 30, 2021, 02:47:43 AM

Quote from: LUCKMCFLY on April 29, 2021, 06:17:27 PM

...

For more than half a year, here in the topic there has been a conversation about the listing of a token on large exchanges.
But the devs did not! I believe they are absolutely right. Do not rush to do this because dump-pump operations will begin immediately and nothing good will come of it.
The longer the token does not go out into free communication, the better.

I guess it is something that people want to see, that is why this is a topic of discussion for this long. I have seen a lot of projects become the way you described, as soon as it is listed on an exchange it becomes a pump and dump and trading material, this is not a token that has a purpose of making profit by trading it, that is why being on exchange would hurt it for sure.

This is something you own and earn and that's it, if you put it on an exchange that will be gone and it will make a bad situation for the coin itself. Long story short we should be focusing on something that is more in line with what the purpose of the token is. However you can't stop people from wanting something, there could be people who do not care about anything but to sell and gain some money from it, which is why they could wish for an exchange listing and I understand that.

When any coin/token hits exchanges they become speculative assets! Someone can simply dump a lot of tokens, that can start massive sales of and the price can go down a lot... in the same time some people are buying, and some people (like me) would buy that bottom! So yes, the listing can hurt the value of BFG, but I doubt it will hurt Betfury itself!

wesleytron

newbie

Activity: 1

Merit: 0

are the bfg tokens being exchanged anywhere?

Bttzed03

legendary

Activity: 2114

Merit: 1147

https://bitcoincleanup.com/

Betfury has added new stable coins namely BUSD, USDC, DAI and they will be added to the USDT staking pool.

Networks available:

USDC: ethereum, bsc
DAI: ethereum, bsc
USDT: tron, ethereum, bsc

^Good move to help players save on network fees.

They also opened a new box for BUSD for $1.

SquallLeonhart

legendary

Activity: 2324

Merit: 1101

Quote from: delfastTions on April 30, 2021, 02:47:43 AM

Quote from: LUCKMCFLY on April 29, 2021, 06:17:27 PM

In conclusion, do you think then that it is much better to have the BFG in Staking within the platform to generate dividends than in an Exchange?

For more than half a year, here in the topic there has been a conversation about the listing of a token on large exchanges.
But the devs did not! I believe they are absolutely right. Do not rush to do this because dump-pump operations will begin immediately and nothing good will come of it.
The longer the token does not go out into free communication, the better.

I guess it is something that people want to see, that is why this is a topic of discussion for this long. I have seen a lot of projects become the way you described, as soon as it is listed on an exchange it becomes a pump and dump and trading material, this is not a token that has a purpose of making profit by trading it, that is why being on exchange would hurt it for sure.

This is something you own and earn and that's it, if you put it on an exchange that will be gone and it will make a bad situation for the coin itself. Long story short we should be focusing on something that is more in line with what the purpose of the token is. However you can't stop people from wanting something, there could be people who do not care about anything but to sell and gain some money from it, which is why they could wish for an exchange listing and I understand that.

Yogee

sr. member

Activity: 1526

Merit: 412

Quote from: babygun on April 30, 2021, 06:37:46 AM

.....
hope they add this time some popular coins such as DOGE or DOT.

They will most likely use the BEP20 version if they are going to add these two. The last tweaks they did caused some problems to players from accessing the site and also performance issues so they probably won't bother adding new blockchains.

Did you get more reward for BNB and ETH? It was mentioned before that they'll distribute at the end of the month if I remember that one correctly.

babygun

sr. member

Activity: 2100

Merit: 254

Quote from: delfastTions on April 30, 2021, 02:47:43 AM

For more than half a year, here in the topic there has been a conversation about the listing of a token on large exchanges.
But the devs did not! I believe they are absolutely right. Do not rush to do this because dump-pump operations will begin immediately and nothing good will come of it.
The longer the token does not go out into free communication, the better.

I can agree, but even when some high rollers decide to dump their token, the price will drop but that can then be an interesting buying point.

Waiting on altcoin season round 4, hope they add this time some popular coins such as DOGE or DOT.

delfastTions

legendary

Activity: 2702

Merit: 1465

Quote from: LUCKMCFLY on April 29, 2021, 06:17:27 PM

In conclusion, do you think then that it is much better to have the BFG in Staking within the platform to generate dividends than in an Exchange?

For more than half a year, here in the topic there has been a conversation about the listing of a token on large exchanges.
But the devs did not! I believe they are absolutely right. Do not rush to do this because dump-pump operations will begin immediately and nothing good will come of it.
The longer the token does not go out into free communication, the better.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: cryptoperkele on April 28, 2021, 01:30:00 AM

Quote from: Yogee on April 26, 2021, 01:49:27 PM

I think the real concern about token listing is the price of BFG token tanking below the mining price that was set by Betfury. Can you imagine a miner betting 2000 sats to get 1 BFG when he can easily buy it on the market at half that price or less? Of course there's the chance that he can also win his bet but why bother when your main goal is to increase the number of tokens for the daily dividends?

And why would people buy above the current mining price if they could get more with mining? Of course people will sell cheaper, people have mined a long time now and when some of them started, mining price was lower, some people are mining with their dividends, bitcoin was cheaper when this started. Everything was cheaper and some got their for free with bounties. And the mining cost in the site isn't the real cost when you count the winnings.

Quote from: Renampun on April 26, 2021, 05:39:57 AM

The thing I worry about when BFG is listed on one of the exchanges is the manipulation of whales...
Big investors will definitely buy a lot BFG for them to transfer to their accounts and try to get big dividends from it. I think if BFG is not listed on the exchange then it will be better and dividend distribution can keep run normally as it is today.

Are you saying that whales would manipulate the price up or down by buying? There would still be same amount of circulating tokens so how would that affect your dividends negatively? Except for people who left their tokens on the betfury would probably get more dividends because tokens on the exchange wouldn't be staking.

In conclusion, do you think then that it is much better to have the BFG in Staking within the platform to generate dividends than in an Exchange? From the point of view of market speculation, supply and demand would come into action, therefore , most likely, the token will go down in price because there are many BFGs that would go into circulation, but within the platform they would have more power, then if so, it is preferable to wait for the BFGs to burn and decrease the total supply and then put them In Exchange, then in the short term it is best to have it on the platform because it gives more benefits.

el kaka22

legendary

Activity: 3500

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

Quote from: dezoel on April 28, 2021, 01:42:03 PM

There is a logic that some people do not want any risks, and just want to spend money and get what they want to get. I do agree that it will not go over that price, and more probable possibility is that it will be under that price for sure, miners will drop the price by selling it, not like they care about that too much. However if it was ever higher, that means someone bought it at higher price thinking that would be better for them to not risk anything, and have a ready set calculation with the amount they have instead of "maybe" that they would have otherwise.

You can buy a lot of ETH mining equipment today, even at super high prices they do make themselves back in 12 months at worst case, or even 24 months if you want to make it insanely expensive, but after that it is pure profit, why not take out a 100k loan and rake in cash after 2 years? Because most people do not bet on the uncertainty.

The difference between spending money on ETH mining versus "mining" here is the fact that it is more digital here, ETH is more physical, it requires a lot of technical knowledge or at least someone who knows it or maybe at worst you need to watch and learn and research, here you just get it and hold it, it is not technical and it is quite simple. I do agree with the part where people may want to buy, however it will be based on ease of income and that's it.

There are tons of people I know who made a good amount of money during this bull run and almost all of them diversify their portfolio, not in the sense that they buy a lot of different coins as the only diversification, they do that but they also put it in many different places as well. This is why I think there could be people who would be interested here as well, it is another option to make some profits.

delfastTions

legendary

Activity: 2702

Merit: 1465

Quote from: dezoel on April 28, 2021, 01:42:03 PM

You can buy a lot of ETH mining equipment today, even at super high prices they do make themselves back in 12 months at worst case, or even 24 months if you want to make it insanely expensive, but after that it is pure profit, why not take out a 100k loan and rake in cash after 2 years? Because most people do not bet on the uncertainty.

Not exactly what you think. The fact is that during the time while you pay off the costs of mining equipment, firstly, it becomes outdated and can break down (by the way, all decent farms have repair departments that work constantly), and secondly, the price of mining in dollars is highly volatile and these 12 months can turn into 36 (for example), in the third, each project has a "life span", beyond which nothing can be earned. In short, the case may turn out risky, but most likely it will not work.

dezoel

legendary

Activity: 1988

Merit: 1072

Leading Crypto Sports Betting & Casino Platform

Quote from: cryptoperkele on April 28, 2021, 01:30:00 AM

Quote from: Yogee on April 26, 2021, 01:49:27 PM

I think the real concern about token listing is the price of BFG token tanking below the mining price that was set by Betfury. Can you imagine a miner betting 2000 sats to get 1 BFG when he can easily buy it on the market at half that price or less? Of course there's the chance that he can also win his bet but why bother when your main goal is to increase the number of tokens for the daily dividends?

And why would people buy above the current mining price if they could get more with mining? Of course people will sell cheaper, people have mined a long time now and when some of them started, mining price was lower, some people are mining with their dividends, bitcoin was cheaper when this started. Everything was cheaper and some got their for free with bounties. And the mining cost in the site isn't the real cost when you count the winnings.

There is a logic that some people do not want any risks, and just want to spend money and get what they want to get. I do agree that it will not go over that price, and more probable possibility is that it will be under that price for sure, miners will drop the price by selling it, not like they care about that too much. However if it was ever higher, that means someone bought it at higher price thinking that would be better for them to not risk anything, and have a ready set calculation with the amount they have instead of "maybe" that they would have otherwise.

You can buy a lot of ETH mining equipment today, even at super high prices they do make themselves back in 12 months at worst case, or even 24 months if you want to make it insanely expensive, but after that it is pure profit, why not take out a 100k loan and rake in cash after 2 years? Because most people do not bet on the uncertainty.

cryptoperkele

member

Activity: 889

Merit: 60

Quote from: Yogee on April 26, 2021, 01:49:27 PM

I think the real concern about token listing is the price of BFG token tanking below the mining price that was set by Betfury. Can you imagine a miner betting 2000 sats to get 1 BFG when he can easily buy it on the market at half that price or less? Of course there's the chance that he can also win his bet but why bother when your main goal is to increase the number of tokens for the daily dividends?

And why would people buy above the current mining price if they could get more with mining? Of course people will sell cheaper, people have mined a long time now and when some of them started, mining price was lower, some people are mining with their dividends, bitcoin was cheaper when this started. Everything was cheaper and some got their for free with bounties. And the mining cost in the site isn't the real cost when you count the winnings.

Quote from: Renampun on April 26, 2021, 05:39:57 AM

The thing I worry about when BFG is listed on one of the exchanges is the manipulation of whales...
Big investors will definitely buy a lot BFG for them to transfer to their accounts and try to get big dividends from it. I think if BFG is not listed on the exchange then it will be better and dividend distribution can keep run normally as it is today.

Are you saying that whales would manipulate the price up or down by buying? There would still be same amount of circulating tokens so how would that affect your dividends negatively? Except for people who left their tokens on the betfury would probably get more dividends because tokens on the exchange wouldn't be staking.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: SquallLeonhart on April 27, 2021, 03:06:02 PM

Quote from: LUCKMCFLY on April 26, 2021, 10:20:55 PM

I think that these scenarios have already been seen by the Betfury team, seeing it from a speculative point of view, it is not bad that it enters the Exchanges, since BGF would be very well known by many investors, in addition, the supply of Tokens can allow it, in case If this happens, it would not be a good strategy to get out of the benefits within the platform such as the dividends , I think they could survive if the tokens are listed on the market while maintaining the privileges of the token holders within the platform.

The trick is, if you wait, and you wait, and you wait for a long time eventually when you reach to exchanges, there will be many people who have been waiting to sell. If you do it right away, people will see it as free money and sell. So, there is this middle ground where you wait a bit but not too much to start being on exchanges and at which point it is neither people dumping right away, and nor people selling because they have been holding for a very long time.

Nobody will sell it when they think it is going to go up, they are going to keep holding even after exchange if they believe it will go up. This is why if they want to be listed, they have to do it on the right time, because too quick or too long will make it bad. Betfury team knows all these much better than we do, they are professionals who know what they are doing, so I trust them to do it on the right time.

It is a great thought that you have, obviously I had not seen it that way, but thinking logically is practically the truth, negotiations and trading have that particularity, the best analogy with the game in this case applies to being a BFG Hodler.

AhmadM

sr. member

Activity: 1022

Merit: 308

Quote from: TopTort777 on April 26, 2021, 05:31:09 PM

Is betfury first or only gambling casino with token, that shares dividents to holders? If they are not, are others have their tokens listed on exchanges?

No, it isn't the first or the one only casino that has its own casino token and shares dividends among its users. For example, there are such as dice.one, earnbet.io (aka eosbet earlier), playroyal.com and etc, IIRC both of dice and earnbet casino token had listed on exchanges already

Quote

Did listing spoiler the casino? Or whales influenced on other players divident amounts?

No, I didn't much play on such kind of casino but as far as I know the share of dividends depends on how many tokens we hold or stake on the platform.

SquallLeonhart

legendary

Activity: 2324

Merit: 1101

Quote from: LUCKMCFLY on April 26, 2021, 10:20:55 PM

I think that these scenarios have already been seen by the Betfury team, seeing it from a speculative point of view, it is not bad that it enters the Exchanges, since BGF would be very well known by many investors, in addition, the supply of Tokens can allow it, in case If this happens, it would not be a good strategy to get out of the benefits within the platform such as the dividends , I think they could survive if the tokens are listed on the market while maintaining the privileges of the token holders within the platform.

The trick is, if you wait, and you wait, and you wait for a long time eventually when you reach to exchanges, there will be many people who have been waiting to sell. If you do it right away, people will see it as free money and sell. So, there is this middle ground where you wait a bit but not too much to start being on exchanges and at which point it is neither people dumping right away, and nor people selling because they have been holding for a very long time.

Nobody will sell it when they think it is going to go up, they are going to keep holding even after exchange if they believe it will go up. This is why if they want to be listed, they have to do it on the right time, because too quick or too long will make it bad. Betfury team knows all these much better than we do, they are professionals who know what they are doing, so I trust them to do it on the right time.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: DarkDays on April 26, 2021, 05:25:16 PM

Quote from: babygun on April 26, 2021, 11:04:15 AM

Quote from: Obito on April 26, 2021, 06:01:20 AM

Quote from: Renampun on April 26, 2021, 05:39:57 AM

The thing I worry about when BFG is listed on one of the exchanges is the manipulation of whales...
Big investors will definitely buy a lot BFG for them to transfer to their accounts and try to get big dividends from it. I think if BFG is not listed on the exchange then it will be better and dividend distribution can keep run normally as it is today.

That's a pretty far fetch idea, I am sure that they wull remove BFG dividends when it is going to get listed in exchanges. Or maybe they will be doing something to prevent this kind of thing to even happen and now that you put this concern in the table, I am sure that they will consider.

Why would they ever remove their dividends? That's what makes Betfury interesting and why a lot of people play on this site. It's their number one selling point.
I am pretty sure they will come up with a good solution when they list their coins.

Manipulations like the one described earlier are not unheard of. But if Betfury was to allow that it would cause a large player division and BFG will not survive like that. I do not think this would call for dividend removal as I agree it is their unique selling point and from a logistics point of view this would not make any sense. Some sort of limit or tiers system might be one plausible solution...

I think that these scenarios have already been seen by the Betfury team, seeing it from a speculative point of view, it is not bad that it enters the Exchanges, since BGF would be very well known by many investors, in addition, the supply of Tokens can allow it, in case If this happens, it would not be a good strategy to get out of the benefits within the platform such as the dividends , I think they could survive if the tokens are listed on the market while maintaining the privileges of the token holders within the platform.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 314. (Read 76834 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 314. (Read 76834 times)