🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 94.

delfastTions

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Quote from: Fivestar4everMVP on April 03, 2023, 06:58:24 PM

Quote from: Slow death on April 03, 2023, 06:44:40 PM

Quote from: Fivestar4everMVP on April 03, 2023, 06:14:50 PM

On the norm, casinos do not need a token of their own, but because crypto is not regulated, any body or business can wake up anytime and create a token, list it on an exchange, and then it becomes a speculative token to investors, where as for real, the token as no usecase.

I also don't see any need for a casino to create its own token. Today I was thinking about this: "would the curacao regulators responsible for granting licenses to casinos allow a casino to create tokens and distribute them to customers?". because in my opinion when curacao licenses a casino they are counting on the casino to receive deposits of cryptocurrencies and therefore each customer will have to go through KYC to prevent money laundering and I also believe that the casino to obtain a license must submit documents the authority of curacao

From what I've heard and learnt from research and other users of this forum, Curaçao license is the most simplest to get, I personally do not think a casino with only this license is qualified to be considered as a regulated casino, since from what I've leant, any casino can apply for a Curaçao license online, and get it in the shortest period of time, as long as the necessary fees is paid by the casino, I don't think casino owners are required to submit any documents proving their identity, before such Casino obtains Curaçao license.

Quote

now let's see, when the casino creates its own token and distributes it to customers, could it be that with that the casino would no longer be circumventing money laundering laws? because with this movement the casino owners could already be laundering money, so I think that the guys from curacao would not license a casino that has its own token, someone correct me if I'm wrong, curacao allows to license the casino that has created its own token? maybe people who understand very well about curacao licenses and token laws can correct me in case i am wrong

I don't know very much on how this thing works, but from my personal observations, and based on what I already explained about getting Curaçao license above, I don't think they really care whether the casino has their own crypto coin or not, the Casino will surly get its license as long as the fees required are paid, and on time.

Do not forget that the issuance of a Curacao license by any casino is a fairly successful commercial enterprise, which was originally conceived as a rather formal check of the casino's accounts and the issuance of a corresponding certificate, license. I don't think that the bosses of this commercial enterprise, even with the involvement of government officials of Curacao, will refuse to issue a license based on arguments such as issuing their own casino token. In general, I think they do not consider this as some kind of serious violation leading to the deception of the players of this casino.
And let's not forget that the bosses of the licensing authority themselves, on this basis, cannot receive and lose several tens of thousands of dollars for some beautiful piece of paper of a license - this is simply stupid.

Fivestar4everMVP

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Quote from: Slow death on April 03, 2023, 06:44:40 PM

Quote from: Fivestar4everMVP on April 03, 2023, 06:14:50 PM

On the norm, casinos do not need a token of their own, but because crypto is not regulated, any body or business can wake up anytime and create a token, list it on an exchange, and then it becomes a speculative token to investors, where as for real, the token as no usecase.

I also don't see any need for a casino to create its own token. Today I was thinking about this: "would the curacao regulators responsible for granting licenses to casinos allow a casino to create tokens and distribute them to customers?". because in my opinion when curacao licenses a casino they are counting on the casino to receive deposits of cryptocurrencies and therefore each customer will have to go through KYC to prevent money laundering and I also believe that the casino to obtain a license must submit documents the authority of curacao

From what I've heard and learnt from research and other users of this forum, Curaçao license is the most simplest to get, I personally do not think a casino with only this license is qualified to be considered as a regulated casino, since from what I've leant, any casino can apply for a Curaçao license online, and get it in the shortest period of time, as long as the necessary fees is paid by the casino, I don't think casino owners are required to submit any documents proving their identity, before such Casino obtains Curaçao license.

Quote

now let's see, when the casino creates its own token and distributes it to customers, could it be that with that the casino would no longer be circumventing money laundering laws? because with this movement the casino owners could already be laundering money, so I think that the guys from curacao would not license a casino that has its own token, someone correct me if I'm wrong, curacao allows to license the casino that has created its own token? maybe people who understand very well about curacao licenses and token laws can correct me in case i am wrong

I don't know very much on how this thing works, but from my personal observations, and based on what I already explained about getting Curaçao license above, I don't think they really care whether the casino has their own crypto coin or not, the Casino will surly get its license as long as the fees required are paid, and on time.

Slow death

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Quote from: Fivestar4everMVP on April 03, 2023, 06:14:50 PM

On the norm, casinos do not need a token of their own, but because crypto is not regulated, any body or business can wake up anytime and create a token, list it on an exchange, and then it becomes a speculative token to investors, where as for real, the token as no usecase.

I also don't see any need for a casino to create its own token. Today I was thinking about this: "would the curacao regulators responsible for granting licenses to casinos allow a casino to create tokens and distribute them to customers?". because in my opinion when curacao licenses a casino they are counting on the casino to receive deposits of cryptocurrencies and therefore each customer will have to go through KYC to prevent money laundering and I also believe that the casino to obtain a license must submit documents the authority of curacao

now let's see, when the casino creates its own token and distributes it to customers, could it be that with that the casino would no longer be circumventing money laundering laws? because with this movement the casino owners could already be laundering money, so I think that the guys from curacao would not license a casino that has its own token, someone correct me if I'm wrong, curacao allows to license the casino that has created its own token? maybe people who understand very well about curacao licenses and token laws can correct me in case i am wrong

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Quote from: o48o on April 03, 2023, 06:00:15 PM

Quote from: Unsoldier on March 31, 2023, 04:30:10 AM

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

I agree, but what other use cases there would be for BFG than staking (if by staking you mean getting dividends from casino profits). It was the only reason the whole token was build.
My problem isn't with advertising (although they could be doing more) and the fact that only use case is staking. Mine is the fact that future of the tokenomics of it are unclear.
Staking and getting dividends as only use case is fine to me.

With all sincerity, I think one of the flaws that casino tokens has is lack of proper usecase, for me, I do not consider staking and getting dividends as a usecase, would have made sense of there was other tangible usecases through which the tokens can be of great value in terms of price.

On the norm, casinos do not need a token of their own, but because crypto is not regulated, any body or business can wake up anytime and create a token, list it on an exchange, and then it becomes a speculative token to investors, where as for real, the token as no usecase.

o48o

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Quote from: Unsoldier on March 31, 2023, 04:30:10 AM

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

I agree, but what other use cases there would be for BFG than staking (if by staking you mean getting dividends from casino profits). It was the only reason the whole token was build.
My problem isn't with advertising (although they could be doing more) and the fact that only use case is staking. Mine is the fact that future of the tokenomics of it are unclear.
Staking and getting dividends as only use case is fine to me.

LUCKMCFLY

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Quote from: beerlover on April 01, 2023, 12:38:02 PM

Quote from: arwin100 on March 31, 2023, 06:31:45 AM

Quote from: Unsoldier on March 31, 2023, 04:30:10 AM

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

For sure they are reading the discussion happen on this thread and maybe they don't have enough fundings to spend on that matter that's why people don't see any marketing happen to boost the BFG token. To long for this token without good interaction so maybe its best if they could release some good updates to convince or gather new investor to support their project also their token.

I think when you consider that most of us are getting the profit from the casino itself, then it is normal for the team to not have that much money to spend on marketing. Think about it, we are talking about a situation where all the BFG token holders are getting the dividends, then where could the team make any profit from?

Not the casino losers, not the token because if they keep selling then their own token would go down in value, it is literally the tokens they once sold and that's it, there is nothing more. At the end of the day we are not going to see the team spend millions on anything, they claimed they did, but that's about it, not going to happen again.

But it is that every movement that Betfury has made is their fault, I have also seen that the money that is invested in marketing is never lost, at this time the investment plans with the tokens are known to be not profitable at all and that the things can Sometimes turn out to be a little Different, here if they have problems it is their Fault, not the system that is used to benefit them, by now they must or Should have a great action or recovery plan, otherwise the Things couldn't happen any Other way.

slapper

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Quote from: beerlover on April 01, 2023, 12:38:02 PM

Quote from: arwin100 on March 31, 2023, 06:31:45 AM

Quote from: Unsoldier on March 31, 2023, 04:30:10 AM

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

For sure they are reading the discussion happen on this thread and maybe they don't have enough fundings to spend on that matter that's why people don't see any marketing happen to boost the BFG token. To long for this token without good interaction so maybe its best if they could release some good updates to convince or gather new investor to support their project also their token.

I think when you consider that most of us are getting the profit from the casino itself, then it is normal for the team to not have that much money to spend on marketing. Think about it, we are talking about a situation where all the BFG token holders are getting the dividends, then where could the team make any profit from?

Not the casino losers, not the token because if they keep selling then their own token would go down in value, it is literally the tokens they once sold and that's it, there is nothing more. At the end of the day we are not going to see the team spend millions on anything, they claimed they did, but that's about it, not going to happen again.

Money and advertising: two sides of the same coin. Are they really so significant? We BFG token holders aren't in it for the money; we're in it for the experience and the community

The team certainly can't ignore the issue simply because they lack millions to spend on advertisements. Finding a happy medium between financial success and customer satisfaction is key. They need to hear us out, consider our suggestions, and adjust their marketing strategy accordingly

But let's take a step back, people. We live in a trustworthy, open, and equitable community. Boosting those ideas and getting the word out about this once-in-a-lifetime opportunity is on the house. Join me in creating a better gambling business that benefits everyone, not just the wealthy few

beerlover

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Quote from: arwin100 on March 31, 2023, 06:31:45 AM

Quote from: Unsoldier on March 31, 2023, 04:30:10 AM

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

For sure they are reading the discussion happen on this thread and maybe they don't have enough fundings to spend on that matter that's why people don't see any marketing happen to boost the BFG token. To long for this token without good interaction so maybe its best if they could release some good updates to convince or gather new investor to support their project also their token.

I think when you consider that most of us are getting the profit from the casino itself, then it is normal for the team to not have that much money to spend on marketing. Think about it, we are talking about a situation where all the BFG token holders are getting the dividends, then where could the team make any profit from?

Not the casino losers, not the token because if they keep selling then their own token would go down in value, it is literally the tokens they once sold and that's it, there is nothing more. At the end of the day we are not going to see the team spend millions on anything, they claimed they did, but that's about it, not going to happen again.

Dewi Aries

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Quote from: dwyane36 on March 31, 2023, 01:03:08 PM

If I'm not mistaken, the Betfury team has never published any marketing reports. So we only know that they initially allocated 10 % of the total BFG emission for marketing, but we don't know how exactly they use BFG tokens and how it affects the BFG price.
By the way, does anyone on the forum try to compete for the grand prize in the "Fury Games Legacy" event? It looks like there is strong competition since the user in 1st place has already wagered over 1 million.

If we check the promotion page then that's where we'll see how they use marketing funds including other big events in the past
sometimes they also use it outside the casino for example trading competition on the new exchange or listing fee
Indeed they do not publish budget reports but without us realizing it we are actually participating there.

dwyane36

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Quote from: Beparanf on March 31, 2023, 10:25:00 AM

According to my observation, They don’t spend for their token marketing because their main priority is the casino development. They are only using the BFG tokens as payment for marketing and maybe that’s why they rarely check-in here because most of the discussion is for the BFG tokens and not the casino.

I understand their goal because BFG success is based on the casino performance. The team can use up all their tokens for now in marketing but they can easily save the price once they have steady profit on the casino that will be used for buy back. Patience is the key for this kind of investment.

If I'm not mistaken, the Betfury team has never published any marketing reports. So we only know that they initially allocated 10 % of the total BFG emission for marketing, but we don't know how exactly they use BFG tokens and how it affects the BFG price.
By the way, does anyone on the forum try to compete for the grand prize in the "Fury Games Legacy" event? It looks like there is strong competition since the user in 1st place has already wagered over 1 million.

BobK71

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Quote from: Beparanf on March 31, 2023, 10:25:00 AM

Quote from: arwin100 on March 31, 2023, 06:31:45 AM

For sure they are reading the discussion happen on this thread and maybe they don't have enough fundings to spend on that matter that's why people don't see any marketing happen to boost the BFG token. To long for this token without good interaction so maybe its best if they could release some good updates to convince or gather new investor to support their project also their token.

According to my observation, They don’t spend for their token marketing because their main priority is the casino development. They are only using the BFG tokens as payment for marketing and maybe that’s why they rarely check-in here because most of the discussion is for the BFG tokens and not the casino.

I understand their goal because BFG success is based on the casino performance. The team can use up all their tokens for now in marketing but they can easily save the price once they have steady profit on the casino that will be used for buy back. Patience is the key for this kind of investment.

I agree with you that the valuation of BFG tokens will depend on the development of the casino site. As casinos gain popularity, the demand for their tokens will increase as well as the price. So the team will always give importance to the casino. This is why we usually see that their token prices don't fluctuate much. But since the team is active enough, they are progressing enough. I am confident about their token price that will significantly increase in the future.

Slow death

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Quote from: TopTort777 on March 17, 2023, 05:10:33 AM

Those who wish Binance listing so badly, how many BFG do you hold?

in my case i just use bitcoin, usdt and litecoin, i don't have any BFG

Quote from: TopTort777 on March 17, 2023, 05:10:33 AM

so imho expect around x5 in most positive scenarios if BFG gets listed on Binance.

in this positive scenario, only those who will make a 5x profit will be all the people who sell at the top because those who wait will have little profit or loss. listing an altcoin on a good exchange will not make a miracle of making the altcoin good, the usefulness of the altcoin is that it attracts many people and consequently the price increases a lot, if now this altcoin is priced at $0.01834 and because it is not very useful for people, then put altcoin on binance eventually price will drop to $0.01834 or even lower.

What any sane person will ask:

why someone will have to go to PancakeSwap or Biswap or Hotbit to create an account just to buy the BFG and go play at BetFury.io which is a casino that offers the same things as other casinos, when that person can take the bitcoins that already have and go play at other casinos that accept bitcoin and other altcoins? for that person, he will take the bitcoins he has and play where they accept bitcoin.

why should people buy BFG? because will the casino have many customers who will buy the BFG to play in the casino? so how many customers are coming into the casino and using the BFG?

Beparanf

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Quote from: arwin100 on March 31, 2023, 06:31:45 AM

For sure they are reading the discussion happen on this thread and maybe they don't have enough fundings to spend on that matter that's why people don't see any marketing happen to boost the BFG token. To long for this token without good interaction so maybe its best if they could release some good updates to convince or gather new investor to support their project also their token.

According to my observation, They don’t spend for their token marketing because their main priority is the casino development. They are only using the BFG tokens as payment for marketing and maybe that’s why they rarely check-in here because most of the discussion is for the BFG tokens and not the casino.

I understand their goal because BFG success is based on the casino performance. The team can use up all their tokens for now in marketing but they can easily save the price once they have steady profit on the casino that will be used for buy back. Patience is the key for this kind of investment.

arwin100

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Quote from: Unsoldier on March 31, 2023, 04:30:10 AM

Quote from: cabron on March 30, 2023, 02:24:31 PM

Quote from: dimonstration on March 30, 2023, 02:04:29 PM

Quote from: TopTort777 on March 30, 2023, 06:17:30 AM

I would say that listing on Binance has a negative effect. After price pump during first days of listing, the project slowly turns into dead. Projects are like chewing gums, and Binance is a huge mouth. After few days, the gum is thrown away, or left for some time because it caused good memories and had good taste.

It’s not about Binance listing that makes most of the project dead after listing. Most of them becomes dead project because they are making Binance listing as final goal of their project which cost them a lot of resources. Betfury team claimed that Binance listing is free yet there’s a lot of report in the past that projects need to hold a certain BNB tokens as part of their listing agreement which is equivalent of paying Binance for the fee since those tokens will be held by Binance team itself.

Many team focus their resources on listing cost and sacrifice project development that always result to massive failure. The price action after Binance listing is a clear sign that there’s no further development for the project that will give hype more than exchange listing.

Sometimes it can be a dead end for the project. We're not sure either where Betfury goes after listing in binance if they ever will be listed there. It seems like they already have launched different parts of the casino including sports. It only needs bull run to make it next year so far the BFG token is not yet taking a step to move up.

Being listed on big exchanges may just be their final goal. Nothing else for Betfury unless they are going to make some usecases for the token.

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

For sure they are reading the discussion happen on this thread and maybe they don't have enough fundings to spend on that matter that's why people don't see any marketing happen to boost the BFG token. To long for this token without good interaction so maybe its best if they could release some good updates to convince or gather new investor to support their project also their token.

Unsoldier

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Quote from: cabron on March 30, 2023, 02:24:31 PM

Quote from: dimonstration on March 30, 2023, 02:04:29 PM

Quote from: TopTort777 on March 30, 2023, 06:17:30 AM

I would say that listing on Binance has a negative effect. After price pump during first days of listing, the project slowly turns into dead. Projects are like chewing gums, and Binance is a huge mouth. After few days, the gum is thrown away, or left for some time because it caused good memories and had good taste.

It’s not about Binance listing that makes most of the project dead after listing. Most of them becomes dead project because they are making Binance listing as final goal of their project which cost them a lot of resources. Betfury team claimed that Binance listing is free yet there’s a lot of report in the past that projects need to hold a certain BNB tokens as part of their listing agreement which is equivalent of paying Binance for the fee since those tokens will be held by Binance team itself.

Many team focus their resources on listing cost and sacrifice project development that always result to massive failure. The price action after Binance listing is a clear sign that there’s no further development for the project that will give hype more than exchange listing.

Sometimes it can be a dead end for the project. We're not sure either where Betfury goes after listing in binance if they ever will be listed there. It seems like they already have launched different parts of the casino including sports. It only needs bull run to make it next year so far the BFG token is not yet taking a step to move up.

Being listed on big exchanges may just be their final goal. Nothing else for Betfury unless they are going to make some usecases for the token.

I don't think Betfury have been backing their token lately. The casino is not promoting BFG. There is no use for the token other than steaking. Betfury needs to invest more in marketing the BFG. Only with this approach can we think about listing on major crypto exchanges.

TopTort777

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Quote from: dimonstration on March 30, 2023, 02:04:29 PM

It’s not about Binance listing that makes most of the project dead after listing. Most of them becomes dead project because they are making Binance listing as final goal of their project which cost them a lot of resources.

Maybe you are right, but imho listing exactly on Binance is what kills a project (as an early investors pairing with stupidity of project that give +50% bonus). A lot of traders does not care about project, ideas, milestones behind the project. All the see is huge % in change column. Each listing on Binance is like pump&dumb. Have you see many projects that recovered from pump&dump attack? Well I dont. I might be wrong, but I expect BFG token price to drop in a week after potential Binance listing, and a 6month path to get back to +1cent price.

dezoel

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Quote from: o48o on March 29, 2023, 08:46:50 AM

Quote from: virasog on March 27, 2023, 06:09:29 PM

It is really difficult to correctly predict the combo bets because here you need to predict few bets correctly in order to win the money. Even if you lost one bet, you will lose the combo bet. So it is really risky to go for combo bets.
The only reason why people will try their luck on these bets is that if they win these combo bets, the reward will be much higher as compared to win a single bet.

If you ask me, i will prefer to win a single bet even though my profit ratio will be less but it is better to avoid the loss by not playing the combo bets.

That's why it has better pay offs when you win. Higher the risk, higher the reward, it's based just on math. When you try to catch on easier bets you will have lower reward ratio.
Both of the styles can equally make you ton of money and both can make you rekt. There's no right or wrong way to gamble, there are just personal preferences.

There is an alternative of low risk but bunch of low risks get together to make one big risk. Which happens in sports betting, you can wager on 10 games for teams with 1.40 or under chances to win, individually they all have a great chance to win, but when you make 10 of them on the same bet, that becomes a bit of a trouble and that is why it's risky.

I believe that the risk you take in that regard would be better than betting on 2 underdogs to win, which could be same odds when you look at the math, but 2 underdogs winning together would be a lot harder to happen than 10 favorites to win at the same time. There are differences and small nuances like that.

erep

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Quote from: cabron on March 30, 2023, 02:24:31 PM

Sometimes it can be a dead end for the project. We're not sure either where Betfury goes after listing in binance if they ever will be listed there. It seems like they already have launched different parts of the casino including sports. It only needs bull run to make it next year so far the BFG token is not yet taking a step to move up.

Being listed on big exchanges may just be their final goal. Nothing else for Betfury unless they are going to make some usecases for the token.

Listing on the binance exchange is not the end goal of every project but projects that are listed on binance have great potential to increase their token use cases and motivate the team to realize the roadmap, but it is difficult for any project without quality and quantity to be listed on binance because they have different requirements and criteria certain, but if betfury has good potential to achieve the desired criteria then it is hoped that they will be listed at some point in the future. The team remains focused on the main goal of developing and improving the use cases of the token to compete with other gambling competitors.

cabron

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Quote from: dimonstration on March 30, 2023, 02:04:29 PM

Quote from: TopTort777 on March 30, 2023, 06:17:30 AM

I would say that listing on Binance has a negative effect. After price pump during first days of listing, the project slowly turns into dead. Projects are like chewing gums, and Binance is a huge mouth. After few days, the gum is thrown away, or left for some time because it caused good memories and had good taste.

It’s not about Binance listing that makes most of the project dead after listing. Most of them becomes dead project because they are making Binance listing as final goal of their project which cost them a lot of resources. Betfury team claimed that Binance listing is free yet there’s a lot of report in the past that projects need to hold a certain BNB tokens as part of their listing agreement which is equivalent of paying Binance for the fee since those tokens will be held by Binance team itself.

Many team focus their resources on listing cost and sacrifice project development that always result to massive failure. The price action after Binance listing is a clear sign that there’s no further development for the project that will give hype more than exchange listing.

Sometimes it can be a dead end for the project. We're not sure either where Betfury goes after listing in binance if they ever will be listed there. It seems like they already have launched different parts of the casino including sports. It only needs bull run to make it next year so far the BFG token is not yet taking a step to move up.

Being listed on big exchanges may just be their final goal. Nothing else for Betfury unless they are going to make some usecases for the token.

dimonstration

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Dimon69

Quote from: TopTort777 on March 30, 2023, 06:17:30 AM

I would say that listing on Binance has a negative effect. After price pump during first days of listing, the project slowly turns into dead. Projects are like chewing gums, and Binance is a huge mouth. After few days, the gum is thrown away, or left for some time because it caused good memories and had good taste.

It’s not about Binance listing that makes most of the project dead after listing. Most of them becomes dead project because they are making Binance listing as final goal of their project which cost them a lot of resources. Betfury team claimed that Binance listing is free yet there’s a lot of report in the past that projects need to hold a certain BNB tokens as part of their listing agreement which is equivalent of paying Binance for the fee since those tokens will be held by Binance team itself.

Many team focus their resources on listing cost and sacrifice project development that always result to massive failure. The price action after Binance listing is a clear sign that there’s no further development for the project that will give hype more than exchange listing.

Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 94. (Read 82181 times)

Topic: 🎲BetFury.io|💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 94. (Read 82181 times)