🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 333.

Dewi Aries

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Quote from: Bttzed03 on June 30, 2021, 10:23:47 PM

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.

Now BFG staking is available on biswap but the APR is very low 63.5% for now. Based on risk, of course people prefer staking than mining/gambling
even staking offers double profit if BSW price goes up while gamblers have the risk of losing

CryptoNika

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Quote from: UserU on July 02, 2021, 08:49:11 AM

Quote from: CryptoNika on July 02, 2021, 08:26:49 AM

Dividend payouts are nice and quite stable I must say. Especially with the increase of the USDT pool it's getting more stable.

This is the status of the month June:

Decided to do write ups about the div payments and all that. Status of the Div pool paymens for June can be found here:

edit: hmm can't post image?

Not yet, as your Activity level is still of a Newbie's. Once it reaches 30 (yours at 28), you're good to go as a Jr Member!

ah thanks

UserU

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Quote from: CryptoNika on July 02, 2021, 08:26:49 AM

Dividend payouts are nice and quite stable I must say. Especially with the increase of the USDT pool it's getting more stable.

This is the status of the month June:

Decided to do write ups about the div payments and all that. Status of the Div pool paymens for June can be found here:

edit: hmm can't post image?

Not yet, as your Activity level is still of a Newbie's. Once it reaches 30 (yours at 28), you're good to go as a Jr Member!

CryptoNika

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Activity: 42

Merit: 10

Dividend payouts are nice and quite stable I must say. Especially with the increase of the USDT pool it's getting more stable.

This is the status of the month June:

Decided to do write ups about the div payments and all that. Status of the Div pool paymens for June can be found here:

edit: hmm can't post image?

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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Top Crypto Casino

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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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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Activity: 2254

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My passive income eBook @ tinyurl.com/PIA10

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?

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 333. (Read 89620 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 333. (Read 89620 times)