Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 88. (Read 89620 times)

With my experience with casino tokens,  a lot of time it can be a good token to gamble on but shouldn't be taken for long-term investment since its markets are highly volatile and find it hard to always recover when there is a dip market crash,  but then you can take those token as a utility on those casino which can come with some incentive to the gamblers as an advantage and an edge over those who gamble using other coins aside the betfruy coins.

Let see how things goes with the project and how the team can manage around it,  even though the market is heavily unfavourable to those casino tokens at this point.

Betfury's 4th anniversary is coming up in a month. So, I think the BFG token has been there for about the same time or a little less. If I'm not mistaken, the BFG token was TRC-20 earlier, and two different tokens were used on the platform, which were then merged into one.
As for listing on centralized exchanges, Betfury is not doing well with this. BFG can only be found on a little-known exchange such as CoinTiger, and the problem is that there are zero trading volumes.

Of course, all players are waiting for some kind of development in the BFG tokenomics.  This would immediately revitalize and energize the casino itself and likely increase the number of players playing at the casino. 
By the   way, if devs still sometimes read our posts heree on our form, then they should have taken public opinion into account long ago and either responded here in the topic, or simply took some steps to develop the use of the token.  Moreover, such steps to use BFG would be noticed by all players who have these tokens.  And of course those players who may be thinking about purchasing them.  You, dear colleagues on the forum, have already written quite a lot of posts recently on the topic of this token.  However, the question remains unclear.  Without OP's answer, it is unlikely that we will understand what the devs of this casino think about this.

As many people here have said, BFG is not a token for investment, so this token is only available for Betfury users, I also don't invest in this token, but indirectly, sometimes the halving effect impacts all crypto prices even if the token project is not developed. well by the developer, I think maybe not many people are investing holding this token because also betfury is more focused on their site which is much more profitable.

But at least I think BFG can still be used on this site, sometimes there are also gambling sites that issue tokens but they can't be used to gamble on their site, there's even no CEX or DEX exchange for those tokens, so in my opinion it all comes back to the Betfury developer Hopefully developers will focus more on this token apart from their site.

Let me first state that you are wrong to have referred to BFG token as a new token that is just developed, if actually I am not mistaken, BFG token is over three or four years old or even more, if actually the team behind this project are still as serious as they were with this token some two years ago, the token by now should have been in the top 100(at least) on coinmarketcap. But unfortunately, they are not, in fact, the major concern right now (which is something myself and so many other have talked about before) is that, the team are no longer saying anything that has to do with the development of the token.

And talking about BFG getting listed on several decentralized exchanges, that is sure another issue, big investors usually do not trust tokens or coins that are only listed on decentralized exchanges alone, they need to list the token on good and reputable centralized exchanges, this is one primary way of attracting big and serious investors who can invest and hold the token for the long term as long or as far as the team make them believe in the potential profit or benefit that could be enjoyed by holding the token for a long time. unfortunately, the team seem not to be doing any of this, there has been no attempt to list BFG on any good and reputable centralized exchange of late, at least, non i know of.

The problem is they only market their casino only no action has been done to create significant growth of their tokens that's why the price of their token left behind. If they could just market their tokens to their gamblers and create good demands of it for sure there's no doubtful discussions will created in this thread. And since they are let people to talk anything they want without trying to explain anything on their side then maybe this is one of the reason why other investors got discourage since the way how the discussion flows here it sometimes create a negative thoughts to other people that its not good to acquire their token.

They still have a chance to create hype on it, halving is nearly coming so its good if they can do something so that BFG tokens can ride with the hype created by halving effect. There a lot of works needed to do here so I guess people just wait for the devs action towards their token.

Yeah!  If the casino increases and the number of players begins to grow significantly, then of course this should also affect the rate of the token of this casino.  It is clear that it should rise in price simply because it becomes more in demand.  However, there is probably not such a significant increase in the numb er of casino players and we are not seeing the development of tokenomics.  I’ll make an assumption: the devs simply consider the existing functionality of the token to be sufficient for now and have practically frozen further developments on its tokenomics.  This is obviously one of the possible solutions in the current general crypto market.  And this decision is probably not such a bad one.  It seems that the devs considered this decision optimal for the casino and adhere to it. 
But in any case, the longer the token lives and is used in some way, the better.  His story is really developing.

That doesn't mean they would have anything to do with cryptography or their token. They have way more relevant and important duties and jobs right now, just to keep their vaults secure and site running for starters. That doesn't happen with one coder trying to keep it all together. It needs a team to think for every new feature they develope to the site.

And i don't think the number of developers they claim to have even matters when we can't confirm that. I am not even sure if that number has changed on any point.

Every token created is for the benefit of the company or casino and the beginning of each token, there is always a tough time to develop it after the creation. And I believed the BFG is a new token came into the cryptocurrency ecosystem which need more advertisement for more recognition. And one thing for them to develop it, it is for them to publish it in the  public social media handles and other exchanges. The programmes in the BFG know what to do. After creating a token then the next thing is to develop the token so that the token will attract people to be used. But whereby you kept the token in one place then your token will die one day. They have to develop the token software and the expansion of it. The way I see at Betfury company programmers or engineers, they are not doing anything to expand the project. That token would have been listed in most of the decentralized exchange platform so that people will use it very well. Though Ff said something I also reason with him, that if BFG came out to exchange, it will affect the company because all those people who have the token would sell it off and leave the casino anf the casino will be at lost, well I don't know that. The engineers of the token should work hard to develop it.

https://docs.betfury.io/bfg-token-overview/how-to-get-bfg-tokens

Just click on BFG Staking, on the right side you will see Buy & Stake BFG click on it and you can exchange some coins/tokens for BFG!

Good luck!

Correct, Most importantly other casino and DeFi offer this kind of feature with better APR rate. I was optimistic the first time I saw BFG tokens on the forum since I thought they will be used in many ways to the casino but it turns out that the BFG token just become the typical utility token which functions as an option currency to bet or use for staking. Worst is the casino consistently getting profit due to their rich players while the token price doesn’t reflect that way because they completely isolate the growth of the token by focusing alone on the casino.

Normally, tokens will prosper while the casino is growing but it’s different on Betfury since they are just using the token liquidity for marketing purposes such as rakebacks and partnerships while the token burn using the casino profit to purchased on the open market is not available which is supposedly the idea to boost the price.

Hard to create a demand for casino token when the purpose is just for staking. Its hard for an altcoin to be adopted and treated as currency in order for it to have demand. Even BTC is still considered an investment asset for the most part of its usecase.

I couldn't find the link that we can buy/sell BFG in betfury. No internal exchange but do you mean the buy button where we can use the Gpay. Applepay and Visa? 
Whenever this thread comes up, it gets me updated and check the casino from time to time. There is no changes to it since except that Referral $1500.

They are just hoping for quiet not sure to happen since for long months that BFG perform the same I guess there's low chances that they get a great recovery since for taking the developments long and not listening for this token to be listed on more reputable exchange I guess those old investor would hardly trust to acquire this token again. But there's still hope for it if Betfury team will do some nice action towards giving some exposure of their token then create some good methods to increase the demands of their token. For now the only thing we can look for is they are at cheap price but actually its hard to gamble with it since we are not sure if we can still see a good rise for this token.

I wonder what kind of improvements we can/should expect. The BFG token is still what it was before, and I don't expect any changes. As I remember they are burning just tokens that people lose by playing and from auction, so it's meaningful, but people like to hold it more than spend it, which is understandable.

It's a nice thing that now we have the option to buy/sell BFG tokens on the site.

But come to think of this, is development and improvement of the Betfury site not supposed to have automatically brought some positive vibes around BFG token?, owning to the fact that the casino owns the token.
For I am yet to come across any where the Betfury team announced that BFG token have become a project separate from Betfury site, if at all there was such an announcement. How can they have more than 26 people working to improve the betting site , where as no body is dedicated to see to the progress of the token which they themselves developed?.

If they have no interest in the BFG token anymore, then they should make an announcement about this and take it off the market.

It's worth noting that the Betfury team still prefers anonymity, but at the same time, they state on their website that there are more than 26 people on their team who are involved in developing the project. I believe that most of them are engaged in the development and support of the Betfury site, not the BFG token. So, I wouldn't expect any improvements in terms of BFG burning or anything else.

Yeah, it’s probably true that they really don’t need coders or specialists in cryptocurrencies.  And with the simplest tokenomics, most likely a specialist with average qualifications can handle it.  Judging by tokenomics and the fact that everything is frozen, probably no one is dealing with these problems with the token.  This, of course, negatively affects the image of the project, which is what we are all writing about here. 
Maybe this will help a little to ensure that the devs show at least some activity in the development of the use of their token

Didn’t see that coming as the water seemed rather deep between both parties but glad you were able to sort it out. This also helps the credibility of Betfury and it seems they want to evolve. Lets hope they update their roadmap and that we will get any information about token listing on some big exchanges.

It's not like they would need coders to write cryptographic protocols. Their token seems pretty generic, so it doesn't take brightest minds to come up with something like that when it doesn't really need development anyway as the mechanism for keeping it in the site for dividends is pretty easy concept to understand, even for someone like me.

Tokenomics just have not been clear from the start and they never clarified about their end game plans on burning in the future, so i guess we just have to believe they keep burning for now. They are just not burning meaningful amounts to have any effect on anything.

Unfortunately, we cannot reliably know the state of the finances of the project itself and whether the devs of this project can afford to work much more effectively for the prospect of developing tokenomics and generally using the token in their casinos wherever possible.  Unfortunately, there is not yet any information about whether the team is working on the token, or whether the staff includes truly top specialists in the field of the crypto project.  

By the way, today I just learned that the number of programmers working on open source code in the field of cryptographic protocols in general in the world is now only about 19,600 people.  And during the cryptocurrency heyday in 2017-18, 2021, there were more than 36,000 such programmers in the world.  So in this matter, by the way, there seems to be some shortage of specialists all over the world.
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