🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 334.

FinneysTrueVision

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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.

tippytoes

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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.

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Quote from: FanEagle on June 29, 2021, 01:04:25 PM

Quote from: AmoreJaz on June 28, 2021, 06:19:18 PM

as of now, the price of BSW is $0.698. i thought it will increase as the market is somewhat greenish in the past few days. but it fell down to this price. don't know what is happening but the liquidity of some pools is also going down. i was planning before to add more in one of my staked pools. but now, im thinking if that is the right choice or just let the bfg stake in the betfury
if BSW will go down below 50 cents, then start thinking of your future in that platform.

That type of decision should not be taken lightly. I mean at the end of the deal we are talking about something that could be very beneficial for you if biswap actually becomes something huge, and would be horrible for you if they turn out to suck big time. BFG is a different thing then BSW, they are two totally different things, just because BFG is listed in BSW doesn't mean that they are somehow affiliated together, they are different companies who just agreed to work together and that is the extend of it as far as we know.

I still like BFG even with the price, because I believe as long as there is money to be made from this in the long term via dividends then there is nothing to worry about the price, if you can wait long enough then you will make it back one day or another. However same can't be said about BSW which could keep going down forever.

There are just waaaay too many of these "swaps" and I do not think that BFG should be tied to it at all. I am not saying do not farm it, of course go ahead and do that if you want to, or don't if you do not want to, that is all just depending on what you want to do. However what you should do if you ask me is to get BFG back as much as you can, try to earn BFG with it, and even though it is not direct, you can buy it with what you earn.

BFG is the token of this website and we are in the topic of this casino and we should all want BFG to go up, and one of the best ways to do that is to buy it, so get your "free" bsw and then use it to buy BFG and that is how you can profit from it. If ALL of us buy BFG then we can increase the price back to over 20 cents as well, it will not be quick but it will definitely happen if we all agree to do that.

klarki

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The BetFury's community request | BFG Token Farming

Code:

BFG Token has started its long on-chain way in Binance Smart Chain ecosystem shuttle. Since launching on Biswap exchange BFG has faced lots of attention from new holders, traders and investors.

We have seen a huge impact of Decentralized Finance (DeFi) on the cryptocurrency industry and can't stay away from the space where the BetFury platform exists right now and is constantly moving forward.

The BetFury team is delivering new ways for the BFG Token utility and one of them is Farming mechanics.

Quote

What is Farming?

Code:

Farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. - Binance Academy.

Farming mechanism is a great opportunity for all the new and existing users to compound their BFG Tokens and maximize the approach of BFG Tokens usage.

How Farming may be applied to BetFury?

Code:

BFG Token Farming is designed in a common way to DeFi industry user experience. BFG Token farming is gonna be operated by Smart Contract in Binance Smart Chain BEP-20 protocol.

How does it work?

Code:

To be able to use Farming on BetFury you should have Metamask or Binance Smart Chain wallet and have some BFG Tokens on your wallet, bought or mined by placing bets - doesn't matter.

By locking your BFG Tokens in the smart contract you will be able to receive BFG Tokens as a reward with the high APR, which means the longer you lock - the more tokens you get.

💬💬💬 Community Request.

The BetFury team would like to change the exciting token economics. Total supply remains the same: 5 000 000 000 BFG. We would like to mint a part of the total supply and provide those tokens for Farming purposes.

Pros and opportunities of BFG Token Farming on BetFury.

✓ Another use case for BFG Token
✓ Expected BFG Token value increasement
✓ Ease onboarding of new users/investors
✓ Entering of BFG Token to Decentralized Finance industry
✓Marketing purposes reaching in new users attraction
✓ Opening possibility for new partnerships
The BetFury team sees a huge opportunity for this new feature implementation on the platform. In this case, we ask the community to vote and support the BFG Token economy changing to provide the supply for Farming.

The community voting will last for 1 week. If the result with 51% is approved as a community decision, the BetFury team is going to implement BFG Token Farming on the platform in a short term.

Source link: https://betfury.io/voting

What do you think about this?)

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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.

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Quote from: BitcoinHunt3r on June 28, 2021, 09:08:27 AM

I just withdrew my token and sold it, I watched the BSW price the last few days and decided to leave it I think there's something that doesn't make sense, I'm guessing there's a whale that sells staking income every hour so the price can't move up. I've moved it to BFG 10,000 BFG to start so let's see where BFG will go Cheesy

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?

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Quote from: AmoreJaz on June 28, 2021, 06:19:18 PM

as of now, the price of BSW is $0.698. i thought it will increase as the market is somewhat greenish in the past few days. but it fell down to this price. don't know what is happening but the liquidity of some pools is also going down. i was planning before to add more in one of my staked pools. but now, im thinking if that is the right choice or just let the bfg stake in the betfury
if BSW will go down below 50 cents, then start thinking of your future in that platform.

That type of decision should not be taken lightly. I mean at the end of the deal we are talking about something that could be very beneficial for you if biswap actually becomes something huge, and would be horrible for you if they turn out to suck big time. BFG is a different thing then BSW, they are two totally different things, just because BFG is listed in BSW doesn't mean that they are somehow affiliated together, they are different companies who just agreed to work together and that is the extend of it as far as we know.

I still like BFG even with the price, because I believe as long as there is money to be made from this in the long term via dividends then there is nothing to worry about the price, if you can wait long enough then you will make it back one day or another. However same can't be said about BSW which could keep going down forever.

LUCKMCFLY

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Considering the exchanges from BFG to BSW, I don't know which one is more profitable? If I prefer to leave BFG on the Betfury platform generating passive income or pass it to BSW, taking into account that now there is a lot of uncertainty in the market, I see better leaving the BFG to generate TRX, BTC, among others than simply going to BSW, you also have to See that those who have Dump BFG, there will come a time when they will no longer be able to do so, if Betfury decides to include BFG on Binance, it can help the price go up, perhaps it is my perception when doing a quick analysis of the market.

I have no experience in the use of decentralized exchanges, and when the announcement came out by Betfury I had many doubts, in fact I asked on the Telegram channel in Spanish and got no answers, I sent a PM to a mod of the channel and what he what he did was report and they gave me 12h of temporary Ban in Tg, which seemed in bad taste, sometimes when you ask about a process it is because obviously it is not known, in that aspect the Betfury mods should be more receptive to the doubts, I believe that in the Tg channels they are to help and not to harm, I believe that the questions are not considered spam.

robelneo

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Biswap is very interesting for all of us here in Betfury there's a connection between Biswap and Betfury whether we like it or not, I know that all of us here who are active in this thread already have an account here, but this is a thread about Betfury and we should respect this thread

So I create a dedicated topic about Biswap here feel free to drop by

BISWAP| The First DEX on BSC network Enjoy profitable yield farming

If you have something to discuss Biswap you can go here and let's have a discussion for Biswap only.

AmoreJaz

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Quote from: coin-investor on June 28, 2021, 08:43:56 AM

I'm in a dilemma right now price of Biswap goes down to $0.693 I am thinking of withdrawing my BFG token to buy Biswap but it will have an impact on my staking earning I'm also doing this while I'm waiting for the BFG price to increase, have you aware of the price of Biswap now.

as of now, the price of BSW is $0.698. i thought it will increase as the market is somewhat greenish in the past few days. but it fell down to this price. don't know what is happening but the liquidity of some pools is also going down. i was planning before to add more in one of my staked pools. but now, im thinking if that is the right choice or just let the bfg stake in the betfury
if BSW will go down below 50 cents, then start thinking of your future in that platform.

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Quote from: TimeTeller on June 27, 2021, 05:37:01 PM

You can already participate in one of the farms in BSW platform, as they have BFG-BNB pair in their farm.
And I don't think betfury itself will introduce farming on their platform as they already have staking.
And with regards to their signature campaign, they already did run their sig campaign before paid in their BFG tokens.
Don't know if they will hold another batch of sig campaign. It seems they are already doing well for now.

The reality is that BFG-BSW is not something that would be really that difficult to handle if you are looking to make some profit that way. However "profit" is a loose term in that sense, you are not earning BFG that way if you checked. You are earning BSW that way and not many people care for that. What we need is a method to earn BFG, and in the quickest possible way right now is to farm it with BFG-BSW and use the earnings of BSW into buying back more BFG which is not really that ideal, I would love to earn BFG. Aside from the usual method, this new swap deal didn't bring anything.

Also I would like to remind people that now the price is about 0.018$ so it is quite low, it was expected to be a lot more. So combine these things together and you are looking at something that would be not as "hyped" as we imagined yet it is not that bad neither. Just give us a way to farm BFG and it all would be perfect.

TopTort777

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I starting to think that I should move my bfg tokens back to betfury either. At first I have withdrawn them and added to liquidity. But can see really a big profit from it. Sadly, staking wont give much either Undecided

But I will feel more safe it the tokens would on betfury. selling is not an option. Tokens are as cheap as most of crap on coinmarketcap Sad

waiting for top100 probably will take a lot of time. We need another listing for token price to change.

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Quote from: coin-investor on June 28, 2021, 08:43:56 AM

I'm in a dilemma right now price of Biswap goes down to $0.693 I am thinking of withdrawing my BFG token to buy Biswap but it will have an impact on my staking earning I'm also doing this while I'm waiting for the BFG price to increase, have you aware of the price of Biswap now.

I just withdrew my token and sold it, I watched the BSW price the last few days and decided to leave it I think there's something that doesn't make sense, I'm guessing there's a whale that sells staking income every hour so the price can't move up. I've moved it to BFG 10,000 BFG to start so let's see where BFG will go Cheesy

coin-investor

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I'm in a dilemma right now price of Biswap goes down to $0.693 I am thinking of withdrawing my BFG token to buy Biswap but it will have an impact on my staking earning I'm also doing this while I'm waiting for the BFG price to increase, have you aware of the price of Biswap now.

BitcoinHunt3r

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Quote from: robelneo on June 27, 2021, 05:42:55 PM

Quote from: BitcoinHunt3r on June 27, 2021, 10:31:46 AM

I didn't find any information BFG can be withdrawn except after waiting up to 180 days, playing with BFG tokens only increases the unlock capacity not speed up the unlock duration, this means there is a withdrawal limit on each unlock period IMO. The betfury team also reminds that the unlock rules can be updated at any time, hope they do it soon.

I don't have locked BFGT tokens in my dashboard I am playing with BFG tokens hoping to increase it and I've been paying since it was tradeable, and so far I have not a single token locked, but it's risky playing with BFG token I loss around 3000 BFG token but that's how it goes and I should accept it I'm now careful with my BFG token and keep adding more for staking.

I understand if you are a gambler because it's normal but if you are not a gambler then it is a mistake you have to stay away from the dashboard
The best way for non gambler is buy BFG on an exchange and then send to betfury you can withdraw it if there is a price increase so there are 2 profit targets trading and Staking.

iv4n

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Quote from: tygeade on June 27, 2021, 03:40:05 PM

...
This is why we should call all these things we are doing with bfg as "farming". You can also check many dex like cake and so forth and they are called farms.

Farming is what comes after mining! First, you play and mine BFG tokens, how much depends on your bankroll & play style! Once you mine the first tokens your farming starts, you receive daily dividends in various coins! More you mine better the farm! It's how I see it... because you need to have a bankroll and you need to play in order to mine!
Of course, there's a buying option now! So I guess it's farming if you just buy them, without playing/mining to get some BFG tokens!

robelneo

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Quote from: BitcoinHunt3r on June 27, 2021, 10:31:46 AM

I didn't find any information BFG can be withdrawn except after waiting up to 180 days, playing with BFG tokens only increases the unlock capacity not speed up the unlock duration, this means there is a withdrawal limit on each unlock period IMO. The betfury team also reminds that the unlock rules can be updated at any time, hope they do it soon.

I don't have locked BFGT tokens in my dashboard I am playing with BFG tokens hoping to increase it and I've been paying since it was tradeable, and so far I have not a single token locked, but it's risky playing with BFG token I loss around 3000 BFG token but that's how it goes and I should accept it I'm now careful with my BFG token and keep adding more for staking.

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Quote from: tygeade on June 27, 2021, 03:40:05 PM

Quote from: Renampun on June 26, 2021, 06:30:37 PM

I see sports betting is still too new, maybe in the near future, they will add BFG mining there...

the discussion about the signature campaign is very interesting, I'm sure many people will join if betfury holds another signature campaign.

I sure would love to, and to think that they may end up paying with BFG, which you can also farm? That would be something cool to see as well. As far as I know we didn't had that yet, farming is something totally brand new. Also everyone is talking about "mining" it but I think the correct term is farming it, same was the case for many online games back in the day, like you do not "mine" wow gold (well unless you were a miner I suppose), you farmed it. Then it moved to here as well, miner is the guy who uses the machines, farming is the act of getting more of that same token no matter what, it is different from profiting because profiting usually means a dollar related thing.

This is why we should call all these things we are doing with bfg as "farming". You can also check many dex like cake and so forth and they are called farms.

You can already participate in one of the farms in BSW platform, as they have BFG-BNB pair in their farm.
And I don't think betfury itself will introduce farming on their platform as they already have staking.
And with regards to their signature campaign, they already did run their sig campaign before paid in their BFG tokens.
Don't know if they will hold another batch of sig campaign. It seems they are already doing well for now.

tygeade

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Quote from: Renampun on June 26, 2021, 06:30:37 PM

I see sports betting is still too new, maybe in the near future, they will add BFG mining there...

the discussion about the signature campaign is very interesting, I'm sure many people will join if betfury holds another signature campaign.

I sure would love to, and to think that they may end up paying with BFG, which you can also farm? That would be something cool to see as well. As far as I know we didn't had that yet, farming is something totally brand new. Also everyone is talking about "mining" it but I think the correct term is farming it, same was the case for many online games back in the day, like you do not "mine" wow gold (well unless you were a miner I suppose), you farmed it. Then it moved to here as well, miner is the guy who uses the machines, farming is the act of getting more of that same token no matter what, it is different from profiting because profiting usually means a dollar related thing.

This is why we should call all these things we are doing with bfg as "farming". You can also check many dex like cake and so forth and they are called farms.

BitcoinHunt3r

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Quote from: babygun on June 27, 2021, 07:08:30 AM

Quote from: BitcoinHunt3r on June 26, 2021, 06:51:27 PM

The Betfury team has confirmed that sports betting is not valid for BFG mining only available on casino games

❗️''Cashback and Mining are not available for Sports Betting''

even though I think this is one of the things that attracts players to bet here

Also check out the new rule that tokens mined after the exchange launch are not available for withdrawal it takes at least 180 days for tokens to be withdrawn

There is indeed a lock up period of 6 months when mining new tokens but you can release these when playing with BFG tokens. I don't know the wagering requirement to release it but it works.

I didn't find any information BFG can be withdrawn except after waiting up to 180 days, playing with BFG tokens only increases the unlock capacity not speed up the unlock duration, this means there is a withdrawal limit on each unlock period IMO. The betfury team also reminds that the unlock rules can be updated at any time, hope they do it soon.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 334. (Read 89620 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 334. (Read 89620 times)