🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 58.

LUCKMCFLY

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Quote from: Fivestar4everMVP on November 13, 2023, 09:49:09 AM

Quote from: babygun on November 11, 2023, 05:19:51 PM

Quote from: Coin_trader on November 11, 2023, 11:09:03 AM

Quote from: TimeTeller on November 10, 2023, 05:12:34 PM

I like the idea of this buy-back, because it also shows that the token is being valued by the team themselves.
Because if they are spending some of their resources to get their tokens back, it means, they have plans that will provide more value to their token.
The BFG token has a bit of increase on its market value, but the team should think of other activities that will add to the value of the token.
But considering all the casino tokens out there, I believe, BFG is one of the few which is still sustaining its market presence.

I doubt that Betfury will do this in mear future now that they have a working casino that gain profit for them consistently without spending money for their token promotion. They rather spend the budget for buy backs to casino advertisements and promotion instead of boosting the token price that they are only using for rewards for their casino users.

I once a believer of casino utility token but BFG makes me doubt in this kind of investment since token holders doesn’t gain anything aside from staking using the liquidity from the investors initial investment and new token holders while the casino owner is the only one benefiting on the casino profit. They should give BFG tokens some exclusivity on the casino if they really value this token.

Any crypto you but always has some risk, so the same is valid for casino tokens. While I still like the BFG tokens (mainly because of the dividend), I wouldn’t buy any because, as you mentioned, they are not focused on promoting their tokens or doing things to increase the price.

With the level of development in the defi sector of cryptocurrency today, for the fact one could earn dividend for holding or staking a token or coin is no longer a good enough reason to like or hold a token, and this is because as i believe that we all know, there are thousands, if not in their tens of thousands, of tokens and coins that now offer holders' dividends to for either holding or staking the coins or tokens.

And some of these projects are one where the owners are very lively with their community, constantly sharing news and updates, working very hard to see that they bring in more and more investors in to the project and as well, to buy/invest in the coin or token, unlike here that we have not heard from the team what their plans are concerning the BFG token, halving is coming and lots of projects are seriously preparing for another bull run by engaging constantly with their community, but here, nothing of such.
It's really very disappointing though.

I have said about this project that they have About the Money or the BFG token , because we have always expected a lot from this project, because we are all witnesses that this casino started with great expectations, with a lot to give and with a lot that we are or were Waiting for , So for this reason, if it turns out to be Disconcerting that things Don't go the way we want in this casino, it's frustrating, no, it's very disconcerting that it's like this, so in this order of ideas it's not just me, but seeing the Comments in it Thread should be like an impulse for the Betfury team to take back the reins of this, many projectists would like to be in the Situation that Betfury is in to be able to raise this project and make a lot of money, Offering many Ways to make the token Rise , also as you say , interact with the Community or try to Create a Community again, because many have left, investors are very Delicate people , you have to try to Keep them pleased at all times so that they Continue to believe in the project.

That's why when we emphasize what can be obtained from this Project is very Great, they also have the Ann Thread in this Forum, Where the largest investors in the world are found, because everyone looks for detailed information here, what Innovations they have , what Contests offer , and How can they Face the best option to have Confidence in the project, then we must do Everything Possible so that it can generate the Greatest number of investors possible, and if there is any type of Problem here, Someone from the Forum , or with some company in particular , it is Best to solve that, because they stop making money, and people no longer trust this Type of project because it is their fault, then they do a general harm to Many who have Nothing to do with it , because they will say It was a Casino that was responsible, it didn't care and ltopkens Went down after a Tremendous Investment.

Fivestar4everMVP

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Quote from: bakasabo on November 15, 2023, 05:24:22 AM

Quote from: Fivestar4everMVP on November 15, 2023, 04:19:15 AM

Quote from: bakasabo on November 15, 2023, 03:49:28 AM

From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

I honestly do not completely understand what you mean by "more distributive", but let me assume that what you meant is that the number of tokens coming into circulation overly or overall, is much more than the tokens that are being burnt, and that those who are in possession of this tokens are usually not ready to hold it, that is, immediately the tokens enters into their possession, they go ahead to sell it, which dragged the over all price of BFG down, and as well make the whole token burning stuff not to have any positive effect on the price of BFG.

If the above is what you meant, then you are completely right, and I agree with you. But one other thin thing I must also mention is that, most people don't hold a token that has no potential value or profit for holding it, if the team where working hard and transparent about their activities and whatever they are doing to ensure that BFG grows to become a force to reckon with in the crypto currency market, then holders will be more eager to hold the tokens as an investment for the future, but here, the team seems to be doing nothing, those who are getting the token through whatever means are sure to dump it on the market for better projects with a very promising future.

I meant that instead of doing serious with token, BetFury team prefer to distribute it. Like it was mentioned above, BetFury prefer to reward platform users for most of actions they made with tokens. Why would investor buy this token and hold, if he knows that platform will distribute more and more of BFG every day. With such approach, value of BFG decreases. Maybe its their strategy and on a longer distance BFG owners will get benefits, but so far I dont see how it is going to happen.

Oh, now I completely understand, and you are one hundred percent right, I myself as an investor, I wouldn't invest my hard earned money in a token or coin that most people are earning for free, I will rather join the band to earn the token or coin for free as well.

But on the other hand, we probably wouldn't want to blame the team that much, as I personally feel that this incentive is what keeps activities on the casino as high as possible, as I believe many of us know, betfury currently does not have any advertisement or marketing running, so to keep their players engaged on their casino, they reward their players with the token based on their overall activity on the casino.

In all this though, the part which I think the betfury team haven't done well is that, their lack of attention for BFG shows that they don't care about it's price in the market, and also using the token to market their casino when there is not enough trading volume to cater for the sell pressure, is also a big mistake.

If this goes on like this for too long, a time may come when BFG will become totally worthless, and those players earning it from the casino for their activities on the casino will also loss interest.

arwin100

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Quote from: bakasabo on November 15, 2023, 05:24:22 AM

Quote from: Fivestar4everMVP on November 15, 2023, 04:19:15 AM

Quote from: bakasabo on November 15, 2023, 03:49:28 AM

From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

I honestly do not completely understand what you mean by "more distributive", but let me assume that what you meant is that the number of tokens coming into circulation overly or overall, is much more than the tokens that are being burnt, and that those who are in possession of this tokens are usually not ready to hold it, that is, immediately the tokens enters into their possession, they go ahead to sell it, which dragged the over all price of BFG down, and as well make the whole token burning stuff not to have any positive effect on the price of BFG.

If the above is what you meant, then you are completely right, and I agree with you. But one other thin thing I must also mention is that, most people don't hold a token that has no potential value or profit for holding it, if the team where working hard and transparent about their activities and whatever they are doing to ensure that BFG grows to become a force to reckon with in the crypto currency market, then holders will be more eager to hold the tokens as an investment for the future, but here, the team seems to be doing nothing, those who are getting the token through whatever means are sure to dump it on the market for better projects with a very promising future.

I meant that instead of doing serious with token, BetFury team prefer to distribute it. Like it was mentioned above, BetFury prefer to reward platform users for most of actions they made with tokens. Why would investor buy this token and hold, if he knows that platform will distribute more and more of BFG every day. With such approach, value of BFG decreases. Maybe its their strategy and on a longer distance BFG owners will get benefits, but so far I dont see how it is going to happen.

This is one negative side about getting it on the platform that's why sometimes its not really recommended to do that knowing that those receiver will immediately dump the token they receive and that is bad on BFG price and volume.

If they can find solution to this and maybe just use BFG as currency to bet not for reward maybe there's huge changes will happen. But its up to the management to decide whether if they want to find ways to attract people since if they don't listen to the sentiment of the people then maybe many of their investors will get dismay for seeing no action of their native token.

For now its on their hands on how they can bring hype unto this token since many people speculate good that there's a pump with the other alts on the market so let see if we can see some action which is what other say this to.

bakasabo

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Quote from: Fivestar4everMVP on November 15, 2023, 04:19:15 AM

Quote from: bakasabo on November 15, 2023, 03:49:28 AM

From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

I honestly do not completely understand what you mean by "more distributive", but let me assume that what you meant is that the number of tokens coming into circulation overly or overall, is much more than the tokens that are being burnt, and that those who are in possession of this tokens are usually not ready to hold it, that is, immediately the tokens enters into their possession, they go ahead to sell it, which dragged the over all price of BFG down, and as well make the whole token burning stuff not to have any positive effect on the price of BFG.

If the above is what you meant, then you are completely right, and I agree with you. But one other thin thing I must also mention is that, most people don't hold a token that has no potential value or profit for holding it, if the team where working hard and transparent about their activities and whatever they are doing to ensure that BFG grows to become a force to reckon with in the crypto currency market, then holders will be more eager to hold the tokens as an investment for the future, but here, the team seems to be doing nothing, those who are getting the token through whatever means are sure to dump it on the market for better projects with a very promising future.

I meant that instead of doing serious with token, BetFury team prefer to distribute it. Like it was mentioned above, BetFury prefer to reward platform users for most of actions they made with tokens. Why would investor buy this token and hold, if he knows that platform will distribute more and more of BFG every day. With such approach, value of BFG decreases. Maybe its their strategy and on a longer distance BFG owners will get benefits, but so far I dont see how it is going to happen.

Fivestar4everMVP

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Quote from: bakasabo on November 15, 2023, 03:49:28 AM

From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

I honestly do not completely understand what you mean by "more distributive", but let me assume that what you meant is that the number of tokens coming into circulation overly or overall, is much more than the tokens that are being burnt, and that those who are in possession of this tokens are usually not ready to hold it, that is, immediately the tokens enters into their possession, they go ahead to sell it, which dragged the over all price of BFG down, and as well make the whole token burning stuff not to have any positive effect on the price of BFG.

If the above is what you meant, then you are completely right, and I agree with you. But one other thin thing I must also mention is that, most people don't hold a token that has no potential value or profit for holding it, if the team where working hard and transparent about their activities and whatever they are doing to ensure that BFG grows to become a force to reckon with in the crypto currency market, then holders will be more eager to hold the tokens as an investment for the future, but here, the team seems to be doing nothing, those who are getting the token through whatever means are sure to dump it on the market for better projects with a very promising future.

piebeyb

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Quote from: bakasabo on November 15, 2023, 03:49:28 AM

From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

Every burning should make the price increase because the supply should be less and I also don't see how this token circulates. What I noticed is that maybe there are only a few people who invest and buy this token because the price sometimes increases when the price of bitcoin also increases and today see The increase in the price of the BFT token is enough proof that there are investors who buy it.

Regardless of whether it is the best choice or not, what I know is how people will take advantage of the moment when crypto prices enter a bull market and then see the price of BFG tokens also increase like the prices of other cryptos. while we don't yet know more about the benefits and advantages of storing these BFG tokens.

bakasabo

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From multiple BFG token burns and lack of significant price growth, I have noticed that BFG token are more distributive, which makes them not perfect for any kind of investment. Whole platforms approach towards this token screams that there will always be a lot of them in turnover and no one aim hold them. Increasing amount of token in circulations means their price will be always under effect of change. Imo that is not the best option investors seek in tokens.

iv4n

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Quote from: babygun on November 14, 2023, 04:15:52 PM

Quote from: TopTort777 on November 14, 2023, 07:36:47 AM

Are there really BFG investors? I hardly think there are any, and most BFG are in hands of simply gamblers. Specially with their recent tactics of distributing everything in BFG (staking, cashback, rakeback, weekly and monthly bonuses, as well as their calendar bonus). I bet when Christmas comes, their main bonus or gift will be BFG oriented Cheesy

Good question, I obtained all of mine through gambling and their bounty campaign. There is nothing wrong with giving their bonuses out in BFG as you will get more daily dividend but not the best for investors indeed.

It's the point to get them through gambling, it's like a rakeback, but a better one maybe because we get more different coins daily. I guess if we are lucky, we can really wager a lot with some small amount and get even more BFG's than we could get from simply buying them with the same amount, and thus we have fun playing. After all, it's a casino... as I have been saying forever, it's the point in gambling and BFG is just one of the perks we have from choosing to play at Betfury. But many people here don't gamble, they are just investors, not players.

ultrloa

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Quote from: dwyane36 on November 14, 2023, 09:58:20 PM

Quote from: TopTort777 on November 14, 2023, 07:36:47 AM

Are there really BFG investors?

I doubt it. If there was really some investor interest, the BFG price would show some volatility and would not behave like stablecoin for such a long time. It is noteworthy that 98.64% of the total BFG circulation is on the platform, i.e. only 1.36% of the total BFG circulation is outside the Betfury site. Just imagine what would happen to the BFG price if some crazy whale decided to spend $1-2 million to buy BFG tokens at the market price.

It would provably pump the BFG price but also it will make the old holders decide to let go of their hold tokens for long time ago since this is the time they are waiting for. That's why there's really no strong support that can maintain the price of BFG at the top since there are so many people left behind for long time. If the team could just satisfy this people with the updates they released maybe we can see some change of decisions towards those investors of this token.

For now there's a lot of work needed to do since BFG team needs to do something to convince people to acquire their token. Many people got disappointed on their tokens performance so they need to do something especially people nowadays are looking after with this bull run event and many want to see something great to happen for their followed tokens.

dwyane36

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Quote from: TopTort777 on November 14, 2023, 07:36:47 AM

Are there really BFG investors?

I doubt it. If there was really some investor interest, the BFG price would show some volatility and would not behave like stablecoin for such a long time. It is noteworthy that 98.64% of the total BFG circulation is on the platform, i.e. only 1.36% of the total BFG circulation is outside the Betfury site. Just imagine what would happen to the BFG price if some crazy whale decided to spend $1-2 million to buy BFG tokens at the market price.

babygun

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Quote from: TopTort777 on November 14, 2023, 07:36:47 AM

Are there really BFG investors? I hardly think there are any, and most BFG are in hands of simply gamblers. Specially with their recent tactics of distributing everything in BFG (staking, cashback, rakeback, weekly and monthly bonuses, as well as their calendar bonus). I bet when Christmas comes, their main bonus or gift will be BFG oriented Cheesy

Good question, I obtained all of mine through gambling and their bounty campaign. There is nothing wrong with giving their bonuses out in BFG as you will get more daily dividend but not the best for investors indeed.

BetFury.io

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Yogee

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Quote from: TopTort777 on November 14, 2023, 07:36:47 AM

Are there really BFG investors? I hardly think there are any, and most BFG are in hands of simply gamblers. Specially with their recent tactics of distributing everything in BFG (staking, cashback, rakeback, weekly and monthly bonuses, as well as their calendar bonus).

Data from Coingecko
- ATL $0.010
- ATH $0.037
- Trading Volume $169,723

That just says nobody is really interested in investing. This is probably a good hold and stake during bear market but not ideal during a bullrun. It's a slow horse if you look at the price fluctuations. This is like staking a stable coin for some rewards and that's about it.

Quote

I bet when Christmas comes, their main bonus or gift will be BFG oriented Cheesy

I would not be surprised.

TopTort777

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Are there really BFG investors? I hardly think there are any, and most BFG are in hands of simply gamblers. Specially with their recent tactics of distributing everything in BFG (staking, cashback, rakeback, weekly and monthly bonuses, as well as their calendar bonus). I bet when Christmas comes, their main bonus or gift will be BFG oriented Cheesy

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Quote from: avp2306 on November 13, 2023, 06:00:22 PM

Quote from: o48o on November 13, 2023, 12:43:26 PM

Quote from: Unsoldier on November 10, 2023, 03:45:33 PM

Quote from: babygun on November 09, 2023, 11:51:22 AM

Quote from: arwin100 on November 09, 2023, 08:51:30 AM

Good to see this so let see if this can catch some interest of people to accumulate BFG.

The effect of these burnings is minimal. It always has an effect on the dividends you receive (they will be a bit higher) for the next couple of days but the monthly burnings are too minimal to have any impact on the BFG price also.

I think Betfuri should burn ten times as many tokens every month in order for the burn to have a positive impact on the price of BFG. Hopefully the casino team will realize this at some point.

I agree that you onlly need math to see that these burnings are nominal gestures without actual value. They are sending a strong signal about commitment but anyone looking closer can see the actual significance.

If they however would burn more, then money for that would need to all come from their own pockets, so i see this as unlikely. It would be an act of charity, and i can't remember them ever doing charity in any form. And considering how much they want to talk with their users in here, i don't think that their userbase, or their token price are their main focus right now.

This is business so can't really expect that they would do charity to their community since they need funds to fuel up their business, that's why they do some action like that token burning since they want to make their community feels their actual commitment to them. For now maybe this is just a step one of their action and maybe we can see more of it. Since if they will not do anything for sure many of their token holder will leave since they are long floating. If BFG would get a good pump next year when bull run will happen maybe this will be a game changer for this token and they can get another new set of supporters that can able to hold their token.

For now people want to see some more good developments and its still good that they burn some tokens because it lessen their supply.

Investors will look for updates to continue supporting the asset, not just the business but the plan with the project that they offer, if they will bring good news and positive updates investors will start to hype up and potential new holders will come and will buy and hold the asset, but without anything, what we will expect is more investors to leave and sell what they currently hold affecting the current value of the coin and possible bring negative insight from other possible investors.

LUCKMCFLY

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Quote from: arwin100 on November 09, 2023, 08:51:30 AM

Quote from: delfastTions on November 09, 2023, 02:58:44 AM

Quote from: LUCKMCFLY on November 07, 2023, 11:52:05 PM

Quote from: delfastTions on November 01, 2023, 01:13:48 PM

Quote from: LUCKMCFLY on October 27, 2023, 02:44:34 PM

I have said something and I think that when it comes to the price of BTC it is Something that is turning out to be very favorable for everyone, if here with the BFG token they could take it to another level as I have always said , they still have a lot of opportunity because the token does They make a very large, strong campaign, where they encourage buying, holding contests, giving contests on Twitter and on different platforms, this urges investors to trust again in this token, they have great things there that can take it to a great level , the price of the token can raise it, but they have to work on it constantly, this is the opportunity they have to do it, I don't understand, but leaving things here on bitcoinitalk as if in oblivion is not the best they can do, as I said, if you have problems with someone, some user, the best thing is to solve it , they are losing out on making money, and this is something that I don't Understand, they don't know how to have such good Opportunities , that's like a saying It's just where I live that says: "God gives bread to those who have no teeth" , so what a great opportunity they have now.

The price of Bitcoin is doing its part , it is very likely that the price for December will have a good turn and if people have full confidence in this token, then investments will come, but this is not that we are going to trust this token like this So, this takes a process, if they don't work to make it happen it will hardly happen, because the tokens can go up, but if they have worked on it, if they put the token in a centralized exchange, why in a Centralized Exchange ? because that produces more security, it is synonymous for traders and investors that the token is Serious, that they do not let themselves be carried away by ideas that they have a lot to do, then these types of things are what people should always consider, and I don't So how can they have the idea of doing better things?

Well, actually, why shouldn’t we consider the token “strong enough” if the casino itself, as a whole, has successfully existed and been operating for more than 4 years. And this is in the context of a generally quite serious stagnation of the general cryptocurrency market that has been going on for quite some time. This is a market condition that combines bearish sentiment and long-term flats. It seems to me that it is not so easy to withstand such financial pressure. However, the token works, although casino devs continue to remain silent regarding the development of tokenomics. But waiting for the bullish stage of the market will naturally be rewarded and everything will begin to develop more intensively.
At least I hope so.
By the end of the year or by BTC halving, I think there will be positive changes.

The thing is that we are all people who hope for good things in the halving, the good thing about all this is as you say, because for 4 years they have been working well and with great success, only now things here in the forum do not give them the attention that they owe, and that is something that is not good, here are the biggest investors and the best that can make a difference, then in this order of ideas when it comes to how to improve they do not do it, then this is something that Anyone despises it, and I am sure that there are many investors who have a lot of money in the tokens, they have hope of making profits, but you also have to see that they are not doing anything to make the tokens rise in price, there are no contests, there are no events Let them see and they don't make a difference, then this is something that should have them disappointed, and for now when things are like this it's not worth it, because no matter how many have put money into that token, you have to see all those things.

And the people who are in the forum, well, they have to respect each other, there is no worse disappointment that exists in a casino or a project that does not take into consideration the people who trusted in their project, this is something that is very ugly, well I see it from the point of view as if I were the investor, or if I were a person who does not see that they do anything, so when I am at any event of this style it makes me remember a project that I Participated in many years ago that was very successful. But no matter how much they insisted that they had to put the token in an exchange, they didn't pay attention and within that project they started to treat all the investors badly and then that project went to the ground, so now this is not worth it , Because it is a casino that is in front is nothing else, it is the reputation of the casino and if they see it like that , then it is something that is not worth seeing so evident, and this can cause the greatest of all disappointments.

I think I agree with you that completely ignoring our questions regarding the development of BFG tokenomics in the foreseeable future will negatively affect the image of the casino.
In this matter, the complete lack of answers from devs representatives, even here in this topic, looks strange.
After all, in general, the casino has been operating quite successfully, and this has already been going on for 4 years. And of course, during this time it was necessary to learn how to maintain the casino’s reputation at the proper level.
But the lack of information about the development of tokenomics and ignoring this topic altogether does not help maintain the casino’s image among its users and generally among gambling players at a high level.

Maybe this is the reason why the demand of their token didn't grow and they only get small volume coming from exchange where it listed since many people are still doubtful to have this even if there's a possibilities that Bitcoin and other altcoins will have a bullrun. If they could just able to answer those people asking question related to developments of BFG maybe they can be satisfied with the answer they can give to the people and they might have enough volume that can possibly attract people to avail their token. But they are just letting all of discussions go that's why many people decide to fall back and maybe choose another altcoin rather than spending some bucks to buy their token.

When you have this type of projects, you must be quite emphatic about doing things, that is, we as players and as potential investors need a lot of security and we need to have what is necessary to be able to establish the best way to earn money, whether by playing or with tokens. In investment, I am one of those who always think that the best projects are those that take their tokens to a centralized exchange, because they Know very well what they want, and they don't mind going to the market, where they have all the money, where anyone enters to sell and buy, this is what could be called the freedom that every project needs, that is when it is known that the designers want to carry out the project, because they devise the best ways to be able to have Competitions or other types of Things to Encourage everyone to buy, with everything that can be done and more now that December is coming, I mean, this is so that it is bursting with ideas of things so that they can take this Token to a very maximum point.

This enthusiasm is what I'm talking about, and the more people get excited, they can continue doing things very well in the casino, giving up credit in Tokens, things like that is how people should be encouraged to invest there , Internal forums must be Created where they bring more to a large community, there are so many things, so many ideas , Marketing must be at its peak, but they have let the potential of the token be lost, there are many investors who have believed in this token, and now what do you feel? Disappointment, that they wasted their time and dreams, this is the only thing that should not be allowed to happen on any project , whatever it may be, you can't get to that point, because when you lose a community, an audience, then things go very Wrong , this is only the people who can make a difference by taking advantage of the Potential of the forum should always be proposed.

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Quote from: o48o on November 13, 2023, 12:43:26 PM

Quote from: Unsoldier on November 10, 2023, 03:45:33 PM

Quote from: babygun on November 09, 2023, 11:51:22 AM

Quote from: arwin100 on November 09, 2023, 08:51:30 AM

Good to see this so let see if this can catch some interest of people to accumulate BFG.

The effect of these burnings is minimal. It always has an effect on the dividends you receive (they will be a bit higher) for the next couple of days but the monthly burnings are too minimal to have any impact on the BFG price also.

I think Betfuri should burn ten times as many tokens every month in order for the burn to have a positive impact on the price of BFG. Hopefully the casino team will realize this at some point.

I agree that you onlly need math to see that these burnings are nominal gestures without actual value. They are sending a strong signal about commitment but anyone looking closer can see the actual significance.

If they however would burn more, then money for that would need to all come from their own pockets, so i see this as unlikely. It would be an act of charity, and i can't remember them ever doing charity in any form. And considering how much they want to talk with their users in here, i don't think that their userbase, or their token price are their main focus right now.

This is business so can't really expect that they would do charity to their community since they need funds to fuel up their business, that's why they do some action like that token burning since they want to make their community feels their actual commitment to them. For now maybe this is just a step one of their action and maybe we can see more of it. Since if they will not do anything for sure many of their token holder will leave since they are long floating. If BFG would get a good pump next year when bull run will happen maybe this will be a game changer for this token and they can get another new set of supporters that can able to hold their token.

For now people want to see some more good developments and its still good that they burn some tokens because it lessen their supply.

o48o

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Quote from: Unsoldier on November 10, 2023, 03:45:33 PM

Quote from: babygun on November 09, 2023, 11:51:22 AM

Quote from: arwin100 on November 09, 2023, 08:51:30 AM

Good to see this so let see if this can catch some interest of people to accumulate BFG.

The effect of these burnings is minimal. It always has an effect on the dividends you receive (they will be a bit higher) for the next couple of days but the monthly burnings are too minimal to have any impact on the BFG price also.

I think Betfuri should burn ten times as many tokens every month in order for the burn to have a positive impact on the price of BFG. Hopefully the casino team will realize this at some point.

I agree that you onlly need math to see that these burnings are nominal gestures without actual value. They are sending a strong signal about commitment but anyone looking closer can see the actual significance.

If they however would burn more, then money for that would need to all come from their own pockets, so i see this as unlikely. It would be an act of charity, and i can't remember them ever doing charity in any form. And considering how much they want to talk with their users in here, i don't think that their userbase, or their token price are their main focus right now.

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Quote from: babygun on November 11, 2023, 05:19:51 PM

Quote from: Coin_trader on November 11, 2023, 11:09:03 AM

Quote from: TimeTeller on November 10, 2023, 05:12:34 PM

I like the idea of this buy-back, because it also shows that the token is being valued by the team themselves.
Because if they are spending some of their resources to get their tokens back, it means, they have plans that will provide more value to their token.
The BFG token has a bit of increase on its market value, but the team should think of other activities that will add to the value of the token.
But considering all the casino tokens out there, I believe, BFG is one of the few which is still sustaining its market presence.

I doubt that Betfury will do this in mear future now that they have a working casino that gain profit for them consistently without spending money for their token promotion. They rather spend the budget for buy backs to casino advertisements and promotion instead of boosting the token price that they are only using for rewards for their casino users.

I once a believer of casino utility token but BFG makes me doubt in this kind of investment since token holders doesn’t gain anything aside from staking using the liquidity from the investors initial investment and new token holders while the casino owner is the only one benefiting on the casino profit. They should give BFG tokens some exclusivity on the casino if they really value this token.

Any crypto you but always has some risk, so the same is valid for casino tokens. While I still like the BFG tokens (mainly because of the dividend), I wouldn’t buy any because, as you mentioned, they are not focused on promoting their tokens or doing things to increase the price.

With the level of development in the defi sector of cryptocurrency today, for the fact one could earn dividend for holding or staking a token or coin is no longer a good enough reason to like or hold a token, and this is because as i believe that we all know, there are thousands, if not in their tens of thousands, of tokens and coins that now offer holders' dividends to for either holding or staking the coins or tokens.

And some of these projects are one where the owners are very lively with their community, constantly sharing news and updates, working very hard to see that they bring in more and more investors in to the project and as well, to buy/invest in the coin or token, unlike here that we have not heard from the team what their plans are concerning the BFG token, halving is coming and lots of projects are seriously preparing for another bull run by engaging constantly with their community, but here, nothing of such.
It's really very disappointing though.

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Quote from: babygun on November 11, 2023, 05:19:51 PM

Quote from: Coin_trader on November 11, 2023, 11:09:03 AM

I doubt that Betfury will do this in mear future now that they have a working casino that gain profit for them consistently without spending money for their token promotion. They rather spend the budget for buy backs to casino advertisements and promotion instead of boosting the token price that they are only using for rewards for their casino users.

I once a believer of casino utility token but BFG makes me doubt in this kind of investment since token holders doesn’t gain anything aside from staking using the liquidity from the investors initial investment and new token holders while the casino owner is the only one benefiting on the casino profit. They should give BFG tokens some exclusivity on the casino if they really value this token.

Any crypto you but always has some risk, so the same is valid for casino tokens. While I still like the BFG tokens (mainly because of the dividend), I wouldn’t buy any because, as you mentioned, they are not focused on promoting their tokens or doing things to increase the price.

I would say that as long as they keep being a strong casino, which they are, the dividends will increase, and the more that increases, the more people will want to invest. I mean think about it, if something pays you one dollar per month, do you think that the price will stay at one dollar per token? It will be 100+ easily, people overhype that type of thing.

So, it is clear to me that we are going to end up with a situation where the price will be very different, and will be very difficult to keep it low. I understand that you may think that they do not promote their token, but they do promote their casino, and that's what will make the token go high. I believe that we are going to end up seeing a higher price there.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 58. (Read 84943 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 58. (Read 84943 times)