🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 325.

BitcoinHunt3r

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Quote from: o48o on July 18, 2021, 06:19:41 PM

Quote from: BitcoinHunt3r on July 17, 2021, 01:20:42 PM

You can compare which side is more profitable for you/holder so far, farming decisions have a positive impact on price increases ,increased by about 20%
Actually this is what investors expect and waiting for the next step. My prediction is that farming won't last long because APR keeps dropping.

Farming is riskier in many ways because there's always a change for impermanent loss. Then again, if you just stake you will eventually get less and less because of the dilution. Both options suck if you ask me. One of the reasons i believed in this was that i didn't need to do anything, just hold it and stake. Now even that option is going to be less and less profitable.

It's a choice there's nothing wrong with it while I keep moving my tokens to the most profitable places farming on betfury continues to drop by only 178%
Staking is for locked tokens what I get when I play games if the period is over maybe I'll move it too.

AmoreJaz

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Quote from: o48o on July 18, 2021, 06:19:41 PM

Quote from: BitcoinHunt3r on July 17, 2021, 01:20:42 PM

You can compare which side is more profitable for you/holder so far, farming decisions have a positive impact on price increases ,increased by about 20%
Actually this is what investors expect and waiting for the next step. My prediction is that farming won't last long because APR keeps dropping.

Farming is riskier in many ways because there's always a change for impermanent loss. Then again, if you just stake you will eventually get less and less because of the dilution. Both options suck if you ask me. One of the reasons i believed in this was that i didn't need to do anything, just hold it and stake. Now even that option is going to be less and less profitable.

the consolation with staking is that you are getting several coins, and those coins are top alts, so you have no worries about their existence in the market and their potential value. however, with farming, you are only getting one token, which is BFG. and the value depends on the platform itself, it can go down or up easily. so it is up to you what risk you want to take here. you can always opt for these 2 features, at least either way, you will not lose. and btw, let's remind ourselves that betfury is casino, so the main reason why people go there is to gamble. these features - staking/farming are just add-ons, like perks for getting their bfg token.

onecall123

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Quote from: robelneo on July 18, 2021, 06:33:23 PM

Quote from: TimeTeller on July 18, 2021, 06:15:57 PM

I thought this farming feature will last for months. But maybe, betfury is testing how farming feature will perform on their platform.
And it is not good to compound your BFG tokens for just only few days of farming because the gas fee you will incur may be higher than the amount of BFG (in $) you will compound.

I also thought that when they are planning to launch the farming, I thought it will become a permanent feature but we will see after the farming or when it reaches the target block if they still going to continue, it's better that they ask in a poll if they want a continuation of the farming, there's also a significant drop in the APR I got out there earlier and prefer to stake my coin, I am accumulating Binance in stake for gas fees for some tokens I'm trading.

Since it was confirmed that the APR will not be the same forever, the APR has dropped significantly. It's possible to farm 25M BFG at the most. If mining isn't available, then Q3 and Q4 will shine. Although I still see Divs as a profitable program to me, I am not sure how long they will continue to offer it. BetFury always tries to listen to its users, so it will ask in a pool about farming.

robelneo

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Quote from: TimeTeller on July 18, 2021, 06:15:57 PM

I thought this farming feature will last for months. But maybe, betfury is testing how farming feature will perform on their platform.
And it is not good to compound your BFG tokens for just only few days of farming because the gas fee you will incur may be higher than the amount of BFG (in $) you will compound.

I also thought that when they are planning to launch the farming, I thought it will become a permanent feature but we will see after the farming or when it reaches the target block if they still going to continue, it's better that they ask in a poll if they want a continuation of the farming, there's also a significant drop in the APR I got out there earlier and prefer to stake my coin, I am accumulating Binance in stake for gas fees for some tokens I'm trading.

o48o

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Quote from: BitcoinHunt3r on July 17, 2021, 01:20:42 PM

You can compare which side is more profitable for you/holder so far, farming decisions have a positive impact on price increases ,increased by about 20%
Actually this is what investors expect and waiting for the next step. My prediction is that farming won't last long because APR keeps dropping.

Farming is riskier in many ways because there's always a change for impermanent loss. Then again, if you just stake you will eventually get less and less because of the dilution. Both options suck if you ask me. One of the reasons i believed in this was that i didn't need to do anything, just hold it and stake. Now even that option is going to be less and less profitable.

TimeTeller

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Quote from: FinneysTrueVision on July 16, 2021, 09:25:41 PM

Quote from: TimeTeller on July 16, 2021, 05:59:58 PM

Quote from: FinneysTrueVision on July 16, 2021, 04:04:10 PM

Farming will only last for a month. I think this is great because right now Betfury controls most of the supply and this will make more tokens available on the open market making it distributed among more people.

Where did you read that this farming feature will only last a month?
I haven't read from their Farming FAQ or am I missing their announcement regarding this farming duration?
With staking or farming features, this will give players the options where they want to put their BFG in order to get their passive income.
But of course, the main reason why betfury is here - being casino and sportsbook will not be forgotten. Otherwise, their BFG will slowly lose its value.

The end block is written in the smart contract for the staking pool. You can also see how many blocks are remaining on the farming page with a link to BscScan where it has a countdown timer with approximately how much time is remaining to reach this final block. After the last block there will be no more rewards.

Okay, thanks for this. Now, I understand where you are coming from about the duration of this farming.
Yes, it is shown the number of blocks remaining in the farming page.
I thought this farming feature will last for months. But maybe, betfury is testing how farming feature will perform on their platform.
And it is not good to compound your BFG tokens for just only few days of farming because the gas fee you will incur may be higher than the amount of BFG (in $) you will compound.

BitcoinHunt3r

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Quote from: dwyane36 on July 17, 2021, 03:46:22 PM

Quote from: BitcoinHunt3r on July 17, 2021, 01:20:42 PM

Quote from: o48o on July 17, 2021, 01:01:11 PM

I honestly think that recent decision was really bad for BFG. Now we need to choose if we want to stake it for dividends or farm for more. I fail to see the upside in this.

You can compare which side is more profitable for you/holder so far, farming decisions have a positive impact on price increases ,increased by about 20%
Actually this is what investors expect and waiting for the next step. My prediction is that farming won't last long because APR keeps dropping.

Maybe I'm wrong, but it looks like users are more interested in receiving daily payouts in different cryptocurrencies on the Betfury site because only 156 mln BFG tokens were staked in the farming pool. By the way, this BFG pool will be ended in about 27 days.

Yes I checked it 167,824,761 BFG untuk Farming dan 1290922738 BFG staked on the site but it must be remembered that some BFG on the site are locked for 180 days so there is no option to select farm tokens, maybe if the token lock is removed I'm sure they will move it to farming.

iv4n

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Quote from: EKoston on July 18, 2021, 09:40:49 AM

no highroller

just for info

cause if yes i start KYC before i start betting

to much troubles at some bookies in the past

I am playing from the begging at Betfury, they never asked for KYC... and I never saw anyone complains about this matter! So I believe you should give it a try... even if you are a high roller, I know some people who place big bets and they never said they have any problems with withdraws, and Betfury never asked for KYC!
The only bad thing is that you can't earn BFG tokens by betting on sports... at least for now! Maybe they will change that in the future!

Good luck!

EKoston

newbie

Activity: 83

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no highroller

just for info

cause if yes i start KYC before i start betting

to much troubles at some bookies in the past

robelneo

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Quote from: Twinkledoe on July 18, 2021, 05:56:03 AM

Quote from: EKoston on July 18, 2021, 04:53:26 AM

hi i´m new to the sports section on Betfury

i just wanted to know if anyone has experience with KYC? is it needed or deposit and withdrawals without any KYC ?

As far as I know, they are not requiring KYC at the moment. I can deposit and withdraw without the need to submit KYC. But I don't know if you are a high roller, if they will require KYC.

As per item no. 11 of their terms - https://betfury.io/termsAndConditions.pdf, they may ask KYC at any time if deemed necessary. Multi-accounting is also prohibited. But if you want to ask more, you can easily reach out on their telegram channel- https://t.me/betfuryofficialchannel.

It seems our friend EKoston is planning to wager a big amount here which is a good decision, if so, you have done the right thing asking about KYC I have no problem with KYC even though I have not done KYC on any gambling site, I have complete trust on Betfury when it comes to KYC but so far with my account, it's unlikely I am not a high roller and I only use one IP which is my real IP.

Twinkledoe

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Quote from: EKoston on July 18, 2021, 04:53:26 AM

hi i´m new to the sports section on Betfury

i just wanted to know if anyone has experience with KYC? is it needed or deposit and withdrawals without any KYC ?

As far as I know, they are not requiring KYC at the moment. I can deposit and withdraw without the need to submit KYC. But I don't know if you are a high roller, if they will require KYC.

As per item no. 11 of their terms - https://betfury.io/termsAndConditions.pdf, they may ask KYC at any time if deemed necessary. Multi-accounting is also prohibited. But if you want to ask more, you can easily reach out on their telegram channel- https://t.me/betfuryofficialchannel.

jostorres

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Quote from: SquallLeonhart on July 16, 2021, 01:55:23 PM

Honestly this place turning from a casino to a yield farm is not really looking like the ideal situation for people who own BFG. Guys I understand that you want to buy and farm and make money but realize that if the only thing that BFG is used for is farming then who are you going to sell your tokens to? Other people who will want to farm, and it will be in a cycle so eventually that cycle will be broken because there is no use case left for it.

I understand your sentiment but you must understand that the total number of coins is limited and it's 5 billion if I am not mistaken. Betfury is not forcing anyone to farm tokens either, you can easily keep earning free money by staking your coins.

Quote from: SquallLeonhart on July 16, 2021, 01:55:23 PM

The fact that we are talking about BFG being valuable even before this should be a point for everyone to understand, we used BFG a lot and that should be the main thing about BFG and not farming, if you turn this place into a token place instead of a casino place then we are going to see BFG lose even more value and it will eventually become useless, focus on casino as much as you can so that it could stay relevant.

It might be true that the focus has shifted from gambling to yield farming but they have added sportsbook and it shows the site is evolving along with farming and all other things. Plus it's not like they are offering BFG-coins to people for sports betting, if everyone gets BFG-coins easily, it may lose its value slowly, but that's not the case.

EKoston

newbie

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hi i´m new to the sports section on Betfury

i just wanted to know if anyone has experience with KYC? is it needed or deposit and withdrawals without any KYC ?

robelneo

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Quote from: sana54210 on July 17, 2021, 04:05:46 PM

Betfury has to remember that the reason why they are standing still and even why BFG has ANY value at all is the fact that BFG is tied to casino, if there is nobody gambling then they are going to end up not caring about BFG as well. This is just a simple thing that we should be focusing on, get the gambling marketing a lot higher.

You have a good point if the number of people playing started to diminish the staking rewards will go down and the value as well, they should focus on marketing the gambling feature, the farming and staking are all, but like what you posted BFG is foremost a gambling site and people should join here because they like playing not.
they are targetting both investors and gamblers and they can win both if they have proper marketing, maybe another round of marketing will do like a bounty campaign.

Twinkledoe

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Quote from: sana54210 on July 17, 2021, 04:05:46 PM

Quote from: TopTort777 on July 16, 2021, 04:09:02 PM

Quote from: SquallLeonhart on July 16, 2021, 01:55:23 PM

Honestly this place turning from a casino to a yield farm

Next stage will be adding NFT marketplace Cheesy

Btw, if Betfury would issue NFT, that will give some in-game bonuses for NFT holder, I would consider buying some of them.

Anyway it is good that Betfury add different option to earn or do with tokens. Otherwise what should they do to diversify the platform? They already have hundreds of games. Adding new games wont bring much. I bet most of the games are not even played at all.

Marketing, that is what they need to do, marketing on the casino itself. They are showing BFG as their main thing right now and that is the problem, if you keep showing BFG as your main project and not the casino then you are not going to get a lot of people gambling, they will end up investing into BFG which is a good thing I am sure but that is not going to get a lot of people interested in gambling, hell look at the title of this topic, it is not even saying it is a casino, it just says betfur.io and everything else is about BFG and not casino part.

Betfury has to remember that the reason why they are standing still and even why BFG has ANY value at all is the fact that BFG is tied to casino, if there is nobody gambling then they are going to end up not caring about BFG as well. This is just a simple thing that we should be focusing on, get the gambling marketing a lot higher.

I think if they are reading this thread, they just don't sit on this potential problem in the future. They already included sports betting on their casino, which is actually very nice. Now, they need to promote their sports betting section by maybe rewards or contests so players will be encouraged to bet more on their platform. They already have some type of bonuses with their games, now, they can think of some contests on their sports section.

sana54210

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Quote from: TopTort777 on July 16, 2021, 04:09:02 PM

Quote from: SquallLeonhart on July 16, 2021, 01:55:23 PM

Honestly this place turning from a casino to a yield farm

Next stage will be adding NFT marketplace Cheesy

Btw, if Betfury would issue NFT, that will give some in-game bonuses for NFT holder, I would consider buying some of them.

Anyway it is good that Betfury add different option to earn or do with tokens. Otherwise what should they do to diversify the platform? They already have hundreds of games. Adding new games wont bring much. I bet most of the games are not even played at all.

Marketing, that is what they need to do, marketing on the casino itself. They are showing BFG as their main thing right now and that is the problem, if you keep showing BFG as your main project and not the casino then you are not going to get a lot of people gambling, they will end up investing into BFG which is a good thing I am sure but that is not going to get a lot of people interested in gambling, hell look at the title of this topic, it is not even saying it is a casino, it just says betfur.io and everything else is about BFG and not casino part.

Betfury has to remember that the reason why they are standing still and even why BFG has ANY value at all is the fact that BFG is tied to casino, if there is nobody gambling then they are going to end up not caring about BFG as well. This is just a simple thing that we should be focusing on, get the gambling marketing a lot higher.

dwyane36

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Quote from: BitcoinHunt3r on July 17, 2021, 01:20:42 PM

Quote from: o48o on July 17, 2021, 01:01:11 PM

I honestly think that recent decision was really bad for BFG. Now we need to choose if we want to stake it for dividends or farm for more. I fail to see the upside in this.

You can compare which side is more profitable for you/holder so far, farming decisions have a positive impact on price increases ,increased by about 20%
Actually this is what investors expect and waiting for the next step. My prediction is that farming won't last long because APR keeps dropping.

Maybe I'm wrong, but it looks like users are more interested in receiving daily payouts in different cryptocurrencies on the Betfury site because only 156 mln BFG tokens were staked in the farming pool. By the way, this BFG pool will be ended in about 27 days.

LUCKMCFLY

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If these things happen, what will happen to the tokens? will they only be used that way? Or they no longer want to list it in Level 1A Excvhanges, I understand that Betfury wants to have this token in the top 100 of CMC.
I think it is infallible that for obvious reasons, BInance can be quickly listed, the price of BTC is very volatile, the most skeptics are stating that BTC will fall more, this causes the tokens to fall much more in price, per normal action of the market. Betfury's plans are changing then?

BitcoinHunt3r

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Quote from: o48o on July 17, 2021, 01:01:11 PM

I honestly think that recent decision was really bad for BFG. Now we need to choose if we want to stake it for dividends or farm for more. I fail to see the upside in this.

You can compare which side is more profitable for you/holder so far, farming decisions have a positive impact on price increases ,increased by about 20%
Actually this is what investors expect and waiting for the next step. My prediction is that farming won't last long because APR keeps dropping.

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

I honestly think that recent decision was really bad for BFG. Now we need to choose if we want to stake it for dividends or farm for more. I fail to see the upside in this.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 325. (Read 89663 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 325. (Read 89663 times)