Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 62. (Read 92809 times)

There is still a lot of hype about tap projects but it works much better if done before the TGE of a project. However, since BFG token has been in the market for a long time, it will not gain much popularity among users. But yes doing this can give some positive results. Betfurry may get some new gamblers for their casino site even if the price of Betfurry tokens doesn't improve. Cheap marketing is now possible through tap drops. So BFG can do it since it still has a lot of hype.

I wouldn't say the hype around tap projects is over. Similar projects appear in Telegram every week, and many still attract hundreds or even millions of users in a relatively short period. So, if we look at the Cryptodrop app from a marketing point of view, the Betfury team did the right thing by launching this app at this time. I think that by doing so, they were able to attract a new audience to the Betfury site.

Aside from what you mention. The worst part on casino token was it was only being use as rewards to players that play in the casino as free money. Investing on this token will just make your money part of the team source of liquidity to fund their casino without getting any return from it or maybe some tokens itself through staking or small amount of crypto which casino distributes as part of their profit sharing which is so small.


They made an effort with cryptodrop but proven not effective because the hype on tap games is already over which means they are just giving away again BFG tokens to all players for free without any return for investors.

you are right. casino tokens are almost no different from tokens from other projects. they are only for trading. if without development and benefits provided to holders, it is possible that the token will have no value.
one form of developer indifference to the casino tokens they have launched is where their tokens are traded. bad exchanges and no effort to register tokens to better exchanges.

I hope there will be an effort from BFG to increase the value of their tokens. from the cryptodrop campaign they did, it distributed quite a lot of tokens. if the event users are quite a lot it means they will add token holders. if the value is not as expected, user interest may also decrease.

Its hard to happen since its like people need to put a lot of money to pump up BFG to reach that price. And currently they struggle to increase their demand even if they are providing good updates to their community.

But we cannot say that they remain like this since everything still have a chance especially if BFG team always do good enhancement or maybe find multiple utilities for their token. So who knows maybe this token will surprise us and in future it will successfully reach that milestone. But we can't really expect anything huge for it until we can't see any good demand coming, still the chances is there, its up for risk takers to make or break in this situation.

Well, not all casino tokens since what you said is what freebitco has been doing for their users who invest and hold fun token on their platform, there are daily free spins through their wheel of fortune, and the number of free spins one gets daily depends totally on the number of tokens held.

But the above have not really benefited the holders though, or it did only for a short period of time, and this is because the token has lost a lot of value compared to how much It was worth at the very beginning.

But again, not every casino really care about their token or the investors who buy the token, like I will always say, some casinos create tokens as a means through which they can raise money to fund and build the casino, as soon as that mission or goal is achieved, they no longer care about how the price of the token is fairing in the market, whoever wants to buy it can buy, and who ever wants to sell can also sell, it's really non of their business.

In crypto, anything can happen, but $1 for BFG is really very unlikely. Overall, I see a more realistic scenario for BFG's growth, where the token's value gradually increases to $0.2-0.3 under favorable market conditions and with active efforts from the team to develop the platform and BFG  token.

more tokens from casinos do not have any special function or benefit for their holders. especially casino users who hold tokens should at least get different benefits than gamblers who do not hold tokens. it can be a solution to attract investors or get loyal users.
like a simple example of a balance bonus or free spins weekly or monthly to members who hold their tokens in a certain amount. or it can also be for users who stake tokens at the casino.

The Betfury team is trying hard, but no matter how hard they try and if you see some price increase, it still won't be enough for the price to increase much. I say this because since I entered this cryptocurrency market, I have noticed that when an altcoin or token is very good but can't be listed on all the major exchanges, it ends up stagnating because most people lose interest and look for another good token or altcoin that will be listed on major exchanges.

In my opinion, the reason people think this way is because a token or altcoin that is listed on a major exchange like Binance, for example, is exposed to many people who have money on that exchange. In this way, if the creator of the token or altcoin makes a good announcement and the token or altcoin goes up, the people who have money on Binance, when they see the price of that token or altcoin going up, will also buy it and the token or altcoin will have a lot of volume and can also attract the attention of people who do day trading.

But what do I see in this BFG token:



https://coinmarketcap.com/currencies/betfury/#Markets

and the years go by but I don't see major changes in the number and quality of exchanges where the Token is listed, the volume is also not large and the price has acted more like a stablecoin. knowing that a casino is a complex business that may not survive for long and the casino token is very dependent on the casino's performance and the casino has been operating for more than 3 years, I would say that someone buying the token to hold it for 2 or 3 years could be a very high-risk investment.

Yeah, and now the game ain't dropping BFG anymore, just coins.

Its hard to reach that target especially if they didn't get much attention. The volume which has been displayed on CMC is so awful and that aspect is one of the factor on why they can't attract new trader especially to those who avoid to buy low cap or volume tokens since maybe they would think that the token already died. There's a lot of things for BFG team need to work for since attracting new people to acquire is bit hard especially lots of project perform well and maybe buying BFG might not be on their list. Only who know their casino might think about doing it, but also for sure lots of them doubting due to its current situation.

Although they made promising updates which is somehow helpful but let see if they could sustain this good actions they made since maybe it  will help their token to get better demand in future.

I would say that this goal was relevant for them a few years ago. However, let's be realistic, the BFG token won't be able to reach the top 100 in current realities as the entry threshold is getting higher and higher every year. By the way, the BFG price should be more than 55 cents for the project to reach the top 100 in the current market.

An update in their telegram jump game - you have to wager 35k to be able to get BFG from wheel spin and the game. A good more to fight against bots and BFG farmers, but I doubt that people will wager 35k to be able to earn 24 BFG daily from wheel spin and 0-2 BFG from jump game. Those who gamble with large bets wont bother collecting all those cents, those who gamble with small bets wont risk to level up to continue collecting those cents.

Dogecoin is not the best example, if it cant be compared with BetFury and BFG. Why dogecoin came close to $1? Because they were first of a kind, because they have a huuuuge fanbase and support, because they were supported by social media and Elon Musk helped a lot. As to BFG, I dont think that community is huge. They have telegram channels with +500k users (among which many are there just for the jump game reward), topic here and abandoned topics on other two crypto forums. If BetFury were as popular as dogecoin, it would be possible. Right now BFG can attract with daily distribution of "invest-2.4k-to-earn-dollar-a-day-program".

There’s a way. Through scaling down the supply which other tokens do when the market is already flooded by the tokens while the value is on the floor. The only downside is even the holders balance will decrease in BFG quantity to balance the scale down on the supply. Voila! Instant 1$ per token.

But if you are just waiting for investors to purchased this token on saturated market, I doubt this can happened in reality. Even on the Cryptodrop app of Betfury they use BFG tokens as rewards for players so an extra token that will flood the market for free.

BFG costing $1 sounds impossible, but nothing is impossible in the crypto world. Dogecoin came very close to $1, for me the growth of that coin seemed like something impossible, but it happened and I am sure that big surprises will continue to happen around us.

In the end, does it even matter if a coin or token goes up a lot? We all have different investments and hold different coins, but sometimes we need to relax and have a little fun... that's why gambling is here. And if gambling in Betfury casino earns us some BFG tokens why not keep them while we get daily dividends? Sometimes the goal should be having fun, and if that brings some nice profit in the future (which may happen) that will be great, if not eh... at least we had a good time gambling.

A dollar for a BFG token that cost around 2 cents today? That might happen only in dreams Since the think this token gives to holders is farming on BetFury page, it highly doubtful that it would cost a dollar one day And its a casino token, pretty similar to useless meme-coins. Ever seen such coins being expensive? I think no matter what BetFury does, their BFG wont cost so much. And it wasnt their goal after all, having an expensive token. Being in top100 is what they aim for.

Maybe it move a bit for certain buy orders happen but still the volume still seems not growing so I guess there's no increase of demand happened. But its fine at least there's some good developments happen and we could see that there's still a chance for BFG to have good price increase.

What needed for now is to increase the interest of people to acquire BFG since provably if the demands goes up together with volume then maybe we can see a good price increase with BFG tokens.

But its still a good action they have done so far so maybe there are more further action also effort to help BFG to get a good increase of price and volume.

Let hope so, because the betfury token have been down for a while seeing it recent recovery is something that give investors big relief and let hope that this trend continues and even up to cryptocurrency bull market season where there is high possibility of the token reaching at least $1 or above that, any ways another recommendation for the team that can help their token value even more is for them to try as much as possible to give gambler who use the betfury token as utility on the casinos some percentage bonuses that will help to increase the usage and adoption of the token on the platform, and also drive traffic to the token because there will be more token purchase.
This will help a whole lot to trigger demands, I don't know if the token is already a utility tokens on betfury but just making a suggestion that can help the token value to gain more continues momentum on the long run.

The BFG token price became more volatile after they announced the BFG deflationary mechanism and tokenomics. Now, BFG is trading above 2 cents more often, and there was even a moment when the BFG price reached 3 cents. This is certainly a good thing, but there is also a nuance - trading volumes are still extremely low. For example, in the last 24 hours, the trading volume was only $4k.