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

AmoreJaz

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Quote from: cryptoperkele on August 17, 2021, 06:41:59 AM

Quote from: babygun on August 17, 2021, 04:46:41 AM

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?
-

I wouldn't count on this. You would have to count in that crypto prices go up and money inflow to the site might go down. Not to mention the inflation on the tokens. Long time roi is very hard to predict in betfury.

great that babygun made a rough estimate but i do agree with cryptoperkele, the prices of those payout coins vary also from day to day basis. aside from the fact that your earnings also change on a daily basis because of the number of stakers. but with those calculations, you have at least idea how long you gonna possibly get back your investments given possible market conditions. if you are already a staker, you can tabulate also your actual payouts, and see what you derive from those figures...that's gonna be a headache though.

dwyane36

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Quote from: Yogee on August 16, 2021, 01:00:59 AM

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

The BFG trading volume on pancake and hotbit was ~$260k a couple of days ago, but it doesn't matter because it's still low. However, we might be able to see BFG daily volume on all exchanges soon, considering that biswap has finally been added to coinmarketcap. You can check it here, although trading volumes on this dex aren't tracking yet.

cryptoperkele

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Quote from: babygun on August 17, 2021, 04:46:41 AM

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

I wouldn't count on this. You would have to count in that crypto prices go up and money inflow to the site might go down. Not to mention the inflation on the tokens. Long time roi is very hard to predict in betfury.

babygun

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Quote from: TimeTeller on August 16, 2021, 03:42:30 PM

Are you going to put the 1k BFG tokens to farming or staking?
Because for staking, you can get the approximate payouts from their site, you just need to calculate at 1k tokens.
But for farming, this one is quite difficult as the APR changes from time to time, so you can't get good estimates here.
Also their farming has only certain number of blocks to be finished. So you don't know if you can get the dividends that you want after the round is finished.
At the end of the day, you will be the one who will decide where to put your tokens, in staking or farming?

I would put it in staking. Just did some calculations, based on the current values. Buying 1000 BFG tokens would cost 33$. Made some assumptions: all staking values would remain the same and I calculated with 2 possible crypto prices (one low and one high). Based on this, it would take 10 months (in a bull market) before you would break even.
Any thoughts on this?

tygeade

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Quote from: Yogee on August 16, 2021, 01:00:59 AM

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

That is still not even close to what it should be, a place that has about 100k volume is not a big number, which we are just guessing right now, we know of 70k and then there is some more, however unless that's at least 500k (which we know it is not) then it is not big enough at all. There is a lack of interest towards it, but even the volume is not the problem, because you could have a token that everyone buys and then farms and not sells so there will be lack of some purchasing and volume could be down, all that volume could be people trying to buy as much as they can, and it would still work in a small way.

However this is not that neither, it is mainly people trying to get out, and the price still sucks, so it is obvious that volume or not, there are not that many people who want to own this, I understand that many may want to, but many do not want to at all.

TimeTeller

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Quote from: babygun on August 16, 2021, 08:24:52 AM

Quote from: BitcoinHunt3r on August 16, 2021, 06:31:49 AM

After all, Betfury currently opens several staking/farming methods and we know this way brings investors to hold their tokens to double BFG
Trading activity is certainly lower for that reason besides doubling the BFG investors are also waiting for a bigger exchange so they hope to get 2 benefits at once

I guess we just need to be a little bit more patient and than hopefully, the tokens will be listed on some bigger exchanges (e.g. Binance).

Has anybody already done some calculations what the ROI would be if you would buy right now 1000 BFG tokens? The price seems quite low and it would be interesting to know, after how many months of receiving dividends, the initial investment would be earned back.

Are you going to put the 1k BFG tokens to farming or staking?
Because for staking, you can get the approximate payouts from their site, you just need to calculate at 1k tokens.
But for farming, this one is quite difficult as the APR changes from time to time, so you can't get good estimates here.
Also their farming has only certain number of blocks to be finished. So you don't know if you can get the dividends that you want after the round is finished.
At the end of the day, you will be the one who will decide where to put your tokens, in staking or farming?

babygun

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Quote from: BitcoinHunt3r on August 16, 2021, 06:31:49 AM

After all, Betfury currently opens several staking/farming methods and we know this way brings investors to hold their tokens to double BFG
Trading activity is certainly lower for that reason besides doubling the BFG investors are also waiting for a bigger exchange so they hope to get 2 benefits at once

I guess we just need to be a little bit more patient and than hopefully, the tokens will be listed on some bigger exchanges (e.g. Binance).

Has anybody already done some calculations what the ROI would be if you would buy right now 1000 BFG tokens? The price seems quite low and it would be interesting to know, after how many months of receiving dividends, the initial investment would be earned back.

BitcoinHunt3r

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Quote from: Yogee on August 16, 2021, 01:00:59 AM

Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

After all, Betfury currently opens several staking/farming methods and we know this way brings investors to hold their tokens to double BFG
Trading activity is certainly lower for that reason besides doubling the BFG investors are also waiting for a bigger exchange so they hope to get 2 benefits at once

Yogee

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Quote from: janggernaut on August 16, 2021, 12:30:06 AM

...
With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

You're forgetting the first exchange called BiSwap which is also assumed by many people as affiliated to Betfury. The volume could be around $100,000 if you add the trades there but I cannot find any app that tracks transactions unfortunately. I tried on poocoin and dextools but nada.

janggernaut

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Quote from: dwyane36 on August 15, 2021, 06:47:09 PM

Quote from: Twinkledoe on August 15, 2021, 06:59:27 AM

The APR in farming right now is about 83% and it may go down in the next coming days, so I am thinking that it is not favorable from my end as I don't have large number of BFG tokens.

Yeah, the APR of the new farming pool is rapidly decreasing, and I think it will continue to fall to 40-50%. By the way, it seems many users don't know that Betfury launched another farming pool, considering that 43 mln BFG tokens still are staked in the previous pool.

If there are more people invested or farming BFG tokens, the APR will keep decreasing. If people sell the token, the APR will be goes higher than now. With 5 billion total supply and just 2 exchanges for now (pancake & hotbit) it seems BFG will be difficult to increase more.

24 hours trade volume is less than $70,000...

Yogee

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Quote from: robelneo on August 15, 2021, 04:49:10 PM

...
they are not yet listed in Coingecko

It's not entirely their fault that Coingecko is too slow to list the real BFG token on their platform. I like gecko but they really suck in that are.

It looks like they are satisfied with their daily and weekly casino tournaments. Nothing bad with battles and social media giveaways but don't get stuck there.

dwyane36

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Quote from: Twinkledoe on August 15, 2021, 06:59:27 AM

The APR in farming right now is about 83% and it may go down in the next coming days, so I am thinking that it is not favorable from my end as I don't have large number of BFG tokens.

Yeah, the APR of the new farming pool is rapidly decreasing, and I think it will continue to fall to 40-50%. By the way, it seems many users don't know that Betfury launched another farming pool, considering that 43 mln BFG tokens still are staked in the previous pool.

robelneo

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Quote from: tygeade on August 15, 2021, 03:50:52 PM

I can't say that the token is doing fine, it is still doing quite bad right now and I would have expected it to be recovering a bit after the first fall. Surely they are still looking ways to improve it, but like I said a million times, if they do not keep doing marketing for the casino, then the token will not go up, they are lacking marketing big time, there are places giving away lambo and million dollars and sponsors in premier league and sponsors in other sports like f1 or boxing or ufc and what not.

These are HUGE marketing moves and none of that is here in betfury. Why improve casino? Because if the casino gets new people gambling, that means there will be more people losing, and when more people lose, the more you get from dividends and if you get more dividends then you will increase your sale price of the token as well, hence price would go up.

I also keep saying that they do marketing so far I have not seen their ads anywhere they only have this thread here in Bitcointalk and they are not yet listed in Coingecko done research just now and the keyword BFG still bought Baby feg token, the casino, and the staking is great and so is the affiliate rewards but still need more miles, I love to see BFG token banner or ads on platforms that can them more players I'm sure I'm not the only one with this opinion.

tygeade

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I can't say that the token is doing fine, it is still doing quite bad right now and I would have expected it to be recovering a bit after the first fall. Surely they are still looking ways to improve it, but like I said a million times, if they do not keep doing marketing for the casino, then the token will not go up, they are lacking marketing big time, there are places giving away lambo and million dollars and sponsors in premier league and sponsors in other sports like f1 or boxing or ufc and what not.

These are HUGE marketing moves and none of that is here in betfury. Why improve casino? Because if the casino gets new people gambling, that means there will be more people losing, and when more people lose, the more you get from dividends and if you get more dividends then you will increase your sale price of the token as well, hence price would go up.

babygun

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Quote from: robelneo on August 15, 2021, 08:21:35 AM

I did the same and it is the right thing to do if you have a small amount of BFG token, I miss my staking rewards in BFG, I still want to get Binance, Ethereum and other coins the market is now pumping and having these top coins is a good move, I'm thinking of buying more BFG token for me it's still cheap and once it gets in a bigger exchange like Binance the price will triple.

You have nothing to lose you are getting coins while waiting for the price to pump.

I also only put a small amount in farming but will continue to move it to new farming pools as it is an easy way to accumulate more tokens. With the rest of my tokens, I can accumulate further my staking rewards.

dezoel

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^^I am pretty sure that most stuff that gets listed on binance do not just cover the requirements, but also many other things as well, it just doesn't get spoken. Like AVAX got listed one day, and when they did, they were already way beyond this already. They do not just list everything they find, they are putting some requirements to make sure that not everybody applies, because believe me every john that creates a coin directly goes to binance and asks to get listed and should be listed because how "awesome" they are.

Obviously these requirements to stop that, you can still apply, but they will just show which ones you do not meet and send you back. However if you are covering ALL of this, then they will not just directly list you neither, they will check you very carefully, there aren't hundreds upon hundreds listed on Binance, they have a strict application, mostly they just list you because they want to, like they need to like you too.

robelneo

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Quote from: Twinkledoe on August 15, 2021, 06:59:27 AM

I, on the other hand, is going back to staking. I unstaked and transferred back my bfg to betfury. But what I am seeing about the farming advantage is if in case BFG will be listed to Binance, and there will be a high price boost on its value. The APR in farming right now is about 83% and it may go down in the next coming days, so I am thinking that it is not favorable from my end as I don't have large number of BFG tokens.

I did the same and it is the right thing to do if you have a small amount of BFG token, I miss my staking rewards in BFG, I still want to get Binance, Ethereum and other coins the market is now pumping and having these top coins is a good move, I'm thinking of buying more BFG token for me it's still cheap and once it gets in a bigger exchange like Binance the price will triple.

You have nothing to lose you are getting coins while waiting for the price to pump.

Twinkledoe

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Quote from: babygun on August 15, 2021, 06:03:35 AM

Quote from: Bttzed03 on August 15, 2021, 01:54:58 AM

Waited for the last block to unstake and staked them on the new pool. Why not make that auto-compounding @Betfury?

I am happy that there is a second round of the farming so just staked everything to the new pool. APR is a lot lower than the first round but now it will last for 2 months so it is still interesting. Earned around 32 extra BFG tokens the first round.

I, on the other hand, is going back to staking. I unstaked and transferred back my bfg to betfury. But what I am seeing about the farming advantage is if in case BFG will be listed to Binance, and there will be a high price boost on its value. The APR in farming right now is about 83% and it may go down in the next coming days, so I am thinking that it is not favorable from my end as I don't have large number of BFG tokens.

babygun

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Quote from: Bttzed03 on August 15, 2021, 01:54:58 AM

Waited for the last block to unstake and staked them on the new pool. Why not make that auto-compounding @Betfury?

I am happy that there is a second round of the farming so just staked everything to the new pool. APR is a lot lower than the first round but now it will last for 2 months so it is still interesting. Earned around 32 extra BFG tokens the first round.

Bttzed03

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Waited for the last block to unstake and staked them on the new pool. Why not make that auto-compounding @Betfury?

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 314. (Read 89685 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 314. (Read 89685 times)