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Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 333. (Read 84959 times)

legendary
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Leading Crypto Sports Betting & Casino Platform
I am not sure who told you this, but real reason that teams shouldn't do speculative statements or talk about the price at all is because their tokens can be considered to be unregistered securities by officials like SEC if they do that.

Nobody told me anything. I just know that it's what a professional team shouldn't do. It doesn't matter if it's a utility or a security token.

Actually it very much could make all the difference, Betfury is a centralized organization that could mean all sorts of legal troubles for them if it would come to that.

Don't they have premined tokens? 51% of the total supply is for mining but the rest were already set aside for team, marketing, and other purposes. I read that they've burned a lot of team tokens but if they unload the remaining on exchanges then it's as good as sold.

Yeah they do, but i am referring to the token sale vs mining. If it would be public token sale and these tokens would be seen as securities, it could be illegal sale of unregistered securities (if there's a promised ROI). Mining on the other hand could be seen as a technicality that makes the distribution legit. (disclaimer: i don't know enough about this)

and it's not like you get dividends to your pseudonymous wallet, you get them only if you stake them inside the site. And naturally Betfury can freeze any account if officials see suspicious activity on their blockchain analysis.
How does this argument differentiate a utility from security token?

It's not, but it helps with aml regulations.

PS: i have to remind that i don't think that BFG is a security token if someone didn't read my earlier post.
hero member
Activity: 2128
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Betfury.io must do something really special or create huge demand on BFG token to get in top100 CMC. Just checked top100 and havent found any gambling token there. I think that giving dividends wont be enough to enter first hundred. But lets first wait for a listing announcement, 20h left Smiley Who knows, maybe they will collaborate with Binance Cheesy

Binance is like an ezpz solution since they are usually quick to list those tokens that one might not hear of. Chances are that we might see it there should it decide to go for it.
legendary
Activity: 2590
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Leading Crypto Sports Betting & Casino Platform
Enjoy the BFG Listing Party and collect as much tokens as possible. We intend to break into the TOP 100 😎

If this is their goal, they really have a great vision, what I like about Betfury is that every time they make an announcement of this style they always comply with it, even though the market is in immense uncertainty, how do they plan to give this token? oxygen if there is an eventual BTC crash? I understand that many investors will rush to buy more tokens, but there are also many who will sell, if there are many sellers and the price of BTC falls? How do you plan to face such a scenario?

I ask these questions because I know that many are going to buy, and if that scenario happens they will panic, and they will sell anyway, so I think that now if they enter the top 100 of CMC it is because the price of BFG will be high.
I guess just because they "aim" at the top 100 doesn't mean that they will be listed in the top 100. I have met with a ton of people who wanted to be in top 200 levels and they all went outside of top 1000, so that tells you what the project owners usually imagine their projects will do when the reality is that they are nowhere near those levels.

Obviously if you asked the staff here they will tell you that they "deserve" to be in top 100 but if other people, basically investors who would buy and increase the price of the token, do not believe that same thing then they are not going to buy and the sellers will keep on selling effectively making this token go down more and more and more. This is why it would be better to wait and see but I do not imagine top 100 would be possible for them, they do have a vision but their vision could be a bit cloudy as well.

Well, you are right at that point, although they want to be in the top 100 is their vision, but since sudden market changes can trigger everything from different scenarios, although they will enter a peak moment of the market, where at times BTC in the short term is starting to rally at $ 40k, a lot of alts will be pumped.

If the BFG tokens come out right now, I'm sure there will be massive sales, there are still a lot of people who still have a lot of BFG tokens, and the price of each BFG will depend on the Supply and Demand, I think the liquidity that Betfury has in this At the moment it will help a lot, but we have to wait, I think that in the long term the BFG tokens are going to achieve a high value, because things in Betfury so far have gone well and that generates confidence, especially for investors.
legendary
Activity: 2478
Merit: 1492
Betfury.io must do something really special or create huge demand on BFG token to get in top100 CMC. Just checked top100 and havent found any gambling token there. I think that giving dividends wont be enough to enter first hundred. But lets first wait for a listing announcement, 20h left Smiley Who knows, maybe they will collaborate with Binance Cheesy
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
Enjoy the BFG Listing Party and collect as much tokens as possible. We intend to break into the TOP 100 😎

If this is their goal, they really have a great vision, what I like about Betfury is that every time they make an announcement of this style they always comply with it, even though the market is in immense uncertainty, how do they plan to give this token? oxygen if there is an eventual BTC crash? I understand that many investors will rush to buy more tokens, but there are also many who will sell, if there are many sellers and the price of BTC falls? How do you plan to face such a scenario?

I ask these questions because I know that many are going to buy, and if that scenario happens they will panic, and they will sell anyway, so I think that now if they enter the top 100 of CMC it is because the price of BFG will be high.
I guess just because they "aim" at the top 100 doesn't mean that they will be listed in the top 100. I have met with a ton of people who wanted to be in top 200 levels and they all went outside of top 1000, so that tells you what the project owners usually imagine their projects will do when the reality is that they are nowhere near those levels.

Obviously if you asked the staff here they will tell you that they "deserve" to be in top 100 but if other people, basically investors who would buy and increase the price of the token, do not believe that same thing then they are not going to buy and the sellers will keep on selling effectively making this token go down more and more and more. This is why it would be better to wait and see but I do not imagine top 100 would be possible for them, they do have a vision but their vision could be a bit cloudy as well.
hero member
Activity: 2128
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Dont know how much to believe in it, but I've seen posts like "I've participated in Betfury bounty campaign, and now, once in a while or once a month, I visit it and collect staking rewards". My longest accruable period was 4 days Smiley

I know that cashback disappears if you havent collect it. There was a post about it here recently, but never seen staking rewards disappear.

This might not help, but on bethash.io there is a staking program also. There, I might not collect my rewards for months and they dont disappear. I suppose same is with betfury.

Staking rewards don't disappear. You can collect them at any convenient moment every 24 hours.

Thanks for the assurance, now I can let them sit and collect dust
copper member
Activity: 254
Merit: 31
Leading Crypto Casino
By the way, anyone knows if the staking rewards are accruable or you have to collect them within a timeframe before they expire? I saw some previous post about the latter but couldn't verify it.

Dont know how much to believe in it, but I've seen posts like "I've participated in Betfury bounty campaign, and now, once in a while or once a month, I visit it and collect staking rewards". My longest accruable period was 4 days Smiley

I know that cashback disappears if you havent collect it. There was a post about it here recently, but never seen staking rewards disappear.

This might not help, but on bethash.io there is a staking program also. There, I might not collect my rewards for months and they dont disappear. I suppose same is with betfury.

Staking rewards don't disappear. You can collect them at any convenient moment every 24 hours.
copper member
Activity: 254
Merit: 31
Leading Crypto Casino
I doubt that top 500 will be available that is a good amount these days, it is really not that easy to be listed there.

However one thing is for sure, they have a power of passive income with them and even though some people may end up selling and getting out at first, there will be a good amount of people who buy to have a passive income. What is required is two things ; A) Find a way to get much more people gambling here because that is how you increase dividends, B) Give people a reason to lock their tokens so they can't sell.
Top 500 is not that hard as long as you can go up a bit and then get heard, because nowadays the top 500 and top 1000 for example are not that different, I have seen a coin go from 417th place to 4506th place in the past 4 months, in the early march days it was 417th at its peak (don't know maybe it went even higher?) and today I checked it is 4506th, think of how much one thing can change so quickly it was just a few months ago. Same could happen on the other side as well, something that is at 4506ht could become 417th as well.

This is why I believe top 500 is possible, definitely not easy I can give you that but it is "possible" and that is the key. All there needs to be done is to show how much the dividends can make you, how valuable it is to own and keep this token and how much you can earn just by holding it, when you can do marketing of it and get everyone to check it out, you can be even in top 100 for sure.

Thank you! The marketing and development team will do everything possible to form a loyal community and build a working tokenomics/eco-system for BFG usage.
legendary
Activity: 2478
Merit: 1492
By the way, anyone knows if the staking rewards are accruable or you have to collect them within a timeframe before they expire? I saw some previous post about the latter but couldn't verify it.

Dont know how much to believe in it, but I've seen posts like "I've participated in Betfury bounty campaign, and now, once in a while or once a month, I visit it and collect staking rewards". My longest accruable period was 4 days Smiley

I know that cashback disappears if you havent collect it. There was a post about it here recently, but never seen staking rewards disappear.

This might not help, but on bethash.io there is a staking program also. There, I might not collect my rewards for months and they dont disappear. I suppose same is with betfury.
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10
I think this is fair, that they don't credit small deposits. Anything below 0.00015 BTC is basically considered a micro transaction. They are losing most, if not all, of the amount in transaction fees when you do this. Currently the average transaction fee for bitcoin is $15 and the median fee is $7.

Yup, it was an error on my part. Even the staff wished me good luck Grin


This screwed me over because I was in the habit of pulling around 10k satoshi's from cointiply regularly, but they apparently changed the minimum on Apr 30 >.<

I feel ya. Perhaps we might see lower deposit minimums once the price and fees take a nose dive.

You cashed out at 50K minimum on Cointiply?


LOL. You got these 300 tokens from the BFG spin? I guess it's all right to gamble that many tokens once but I still wouldn't dare especially now that they're getting more

Nope, I wagered the 300 from my existing balance. My buttcheeks were clenched af
legendary
Activity: 2114
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I think they will burn our mined tokens,
They are still in possession of the tokens mined by players which means they can actually burn them all if they wanted but that would be the worst decision they will make. It will ruin their reputation that they built up to now and all their efforts from developing the platform, partnerships with game providers, up to the licensing will go to waste. I don't think they are willing to sacrifice all of that for the sake of tokens.

they have already burned most of our tokens
This is false. Although I still do not officially own it, my tokens are still in my dashboard and earning dividends. It's the same with all other players/miners. If I'm not mistaken, only lost bets using BFG and those auctioned are burned. I'm guessing you gambled your own BFG and lost it all that's why you're saying this.
newbie
Activity: 54
Merit: 0
I think they will burn our mined tokens, they have already burned most of our tokens, if a token costs $ 1, then I have 5000 tokens, I do not believe that they will give us this money. But if they donate, it will be the best casino in the world. I do not believe in fairy tales because I believe that they will deceive your expectations.
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
~
Well, you could say yes and no. I lost my 12 bucks on the subsequent deposit but managed to transform $4 into $18 in BCH elsewhere,
Well, at least that kind or remove the pain Grin Good on you.

and then proceeded to wager 300 tokens here once on Spin and won.
LOL. You got these 300 tokens from the BFG spin? I guess it's all right to gamble that many tokens once but I still wouldn't dare especially now that they're getting more expensive to mine.



I started playing again. Let's see where my 10 Doge leftover goes this time and how many BFG tokens I could mine.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
PSA: If you deposit any amount below the minimum (e.g. BTC @ 0.00015), you will never get it back under any circumstances. Just happened to me and I had to somewhat gamble larger stakes in order to make up for the blunder

While the disclaimer is there on the deposit window, I wonder why won't they credit that amount even if your next deposit meets the minimum.

Sometimes that happens to me too, it's a way of risking everything, I only did it once, but I don't really recommend it because I needed to increase more tokens, and I started betting, and I was playing crash, for a moment. I bet everything and my heart almost escaped my chest, what I did was totally crazy, I finally won what I bet and I only managed to cover everything plus a handful of more tokens, but I really lived the adrenaline, in that moment I learned that it is better wait until I have enough and not despair, because I could have lost everything, and it was not to withdraw it was to increase the tokens, at that time there were BFG tokens for BTC and BFG for TRX.
newbie
Activity: 7
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PSA: If you deposit any amount below the minimum (e.g. BTC @ 0.00015), you will never get it back under any circumstances. Just happened to me and I had to somewhat gamble larger stakes in order to make up for the blunder https://cdnv1.csgo500.io/emotes/pepesad.png

While the disclaimer is there on the deposit window, I wonder why won't they credit that amount even if your next deposit meets the minimum.

This screwed me over because I was in the habit of pulling around 10k satoshi's from cointiply regularly, but they apparently changed the minimum on Apr 30 >.<
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
PSA: If you deposit any amount below the minimum (e.g. BTC @ 0.00015), you will never get it back under any circumstances. Just happened to me and I had to somewhat gamble larger stakes in order to make up for the blunder

While the disclaimer is there on the deposit window, I wonder why won't they credit that amount even if your next deposit meets the minimum.

I think this is fair, that they don't credit small deposits. Anything below 0.00015 BTC is basically considered a micro transaction. They are losing most, if not all, of the amount in transaction fees when you do this. Currently the average transaction fee for bitcoin is $15 and the median fee is $7.
sr. member
Activity: 1554
Merit: 413

Whatever cards they have up their sleeves, the point is not to make speculative statements publicly like what they did. It creates hype and could pump the token prematurely. You know what happens next. They can talk about token burns and future listings but not about price related topics.


I am not sure who told you this, but real reason that teams shouldn't do speculative statements or talk about the price at all is because their tokens can be considered to be unregistered securities by officials like SEC if they do that.
Nobody told me anything. I just know that it's what a professional team shouldn't do. It doesn't matter if it's a utility or a security token.

Quote
But imho BFG itself wouldn't fall under securities even if it pays dividends, because it isn't sold, it's mined,
Don't they have premined tokens? 51% of the total supply is for mining but the rest were already set aside for team, marketing, and other purposes. I read that they've burned a lot of team tokens but if they unload the remaining on exchanges then it's as good as sold.

Quote
and it's not like you get dividends to your pseudonymous wallet, you get them only if you stake them inside the site. And naturally Betfury can freeze any account if officials see suspicious activity on their blockchain analysis.
How does this argument differentiate a utility from security token?
legendary
Activity: 2702
Merit: 1465

But imho BFG itself wouldn't fall under securities even if it pays dividends, because it isn't sold, it's mined, and it's not like you get dividends to your pseudonymous wallet, you get them only if you stake them inside the site. And naturally Betfury can freeze any account if officials see suspicious activity on their blockchain analysis.

Betfury might have more regulatory compliance than i first thought.
This could indeed be the problem.  If devs do not carry out the necessary work to legalize token circulation on exchanges.  On the other hand, the crypto community basically hates KYC and everything related to the loss of user anonymity.  So it is not yet clear how the requirements for listing tokens in this part will change.  And will there be any changes or the BetFury community will do without them?
legendary
Activity: 2660
Merit: 1074
I doubt that top 500 will be available that is a good amount these days, it is really not that easy to be listed there.

However one thing is for sure, they have a power of passive income with them and even though some people may end up selling and getting out at first, there will be a good amount of people who buy to have a passive income. What is required is two things ; A) Find a way to get much more people gambling here because that is how you increase dividends, B) Give people a reason to lock their tokens so they can't sell.
Top 500 is not that hard as long as you can go up a bit and then get heard, because nowadays the top 500 and top 1000 for example are not that different, I have seen a coin go from 417th place to 4506th place in the past 4 months, in the early march days it was 417th at its peak (don't know maybe it went even higher?) and today I checked it is 4506th, think of how much one thing can change so quickly it was just a few months ago. Same could happen on the other side as well, something that is at 4506ht could become 417th as well.

This is why I believe top 500 is possible, definitely not easy I can give you that but it is "possible" and that is the key. All there needs to be done is to show how much the dividends can make you, how valuable it is to own and keep this token and how much you can earn just by holding it, when you can do marketing of it and get everyone to check it out, you can be even in top 100 for sure.
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

It's minimum per deposit and not minimum deposit per hour or per day. You can think of them as banks that require you to meet a minimum deposit first before you can open an account and maintain it. Betfury is a centralized platform too.

Did you win back your lost BTC?

Yup, I overlooked the amount (was thinking of $5 which was around 0.00013). Brain fart moment.

Well, you could say yes and no. I lost my 12 bucks on the subsequent deposit but managed to transform $4 into $18 in BCH elsewhere, and then proceeded to wager 300 tokens here once on Spin and won.

One hell of a gamble!
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