Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 96. (Read 89643 times)

I had already commented, about something similar to what you said, and the question here is if the dev are right then what is the maximum evolution of the toke? when the casino decided to create the token what exactly did they promise their customers and investors? did they ever set a goal or post anything that would list the token on major exchanges as binance? if they haven't said anything about it since the creation of the token, then it doesn't make much sense for people to keep charging them to list their token on the big exchanges, but if they have talked about listing the token on the big exchanges in the past, then they they should do what they say

this is because when a person buys a token or altcoin, that person is hoping that as the token is new and it is not yet listed on the major exchanges, so that person, when buying early, will have a lot of profit on the day that the token is listed on the major exchanges, people's goal has been this, in the past and even nowadays, when a project team announces that their token will be listed on a major exchange, the price of the token increases a lot for many days until the day of the listing and even a few days after from the listing. only after a week or more the price drops a lot, there is a correction

now when the project is solid, it has real use, then it will continue to be in great demand and there will be a considerable amount of trade on the large exchange, and everyone wins with this listing, the team wins and the investors also win. It seems to me that when the casino does not list the token and people have to buy the token, then the casino earns with fees, that is, it earns money just like the exchanges, so the casino will not list the token on the big exchange, and the only What wins is the casino, because the casino is not just a casino, it also becomes an exchange. I don't know how the license provider can allow such a thing. I honestly don't understand

I am gambling from and the only part that is restricted is placing bets. That is why I use betfury for playing slots, and duelbits and sportsbet for mma betting. Why I think that BFG is not good for investment (just my imho), because whole platform is oriented on providing gambling service, not an investment product. Let those who focus on gambling focus on their gambling work, that is why I dont except much from BFG. For me this is similar to judging restaurant by the ice cream thet serve as a desert. That is stupid to do. Main course is what make restaurant special. That is why talking a lot about bfg is stupid. Their bfg will never be primary goal for them.

Of course it's a formal thing, but that doesn't make it something we should ignore, quite the opposite.
And even if they formally allowed VPN, that doesn't contradict my original explanation for it that could make it legal, and that is the fact one is visiting in another country, while not being citizen of it.

When we talk about Binance, i don't think they are knowingly allowing blackisted people to trade, they just have such a high amount of users, that's it's nearly impossible for them to catch everyone with fake passport or identity thefts. They just don't have enough staff that's enough educated to handle that. This will probably change at some point when there's more regulatory oversight. I don't think binance cares if you use VPN or not. They just care about potential KYC to check where you are from, just like casinos.

If the terms of service excludes the country you are citizen of, it doesn't matter if TOS allows VPN or if it doesn't say anything about VPN.
Using VPN doesn't make one a citizen of unrestricted country, it just makes one a person that pretends to be a citizen of unrestricted country.

Also they need to know first that their country is not listed on restricted list so that they would know that its fine to use a vpn and will not encounter a issue by using this. Since if they allowed using vpn but they are in restricted list I guess they might still have a chance to encounter some issue especially on Kyc verification since the casino representative can see your address and they might close the account for restriction reasons.

Before ever using a VPN on a casino , it is most important to make sure that the terms of service clearly stated that VPN are allowed on the casino, at least, and also trust that the casino is one that can be trusted not to go into their terms of service to change things when problem arises..

I've seen an issue where a customer care told a player that VPN is not a problem for them, the player turned on VPN and was later blocked from accessing his account, and the money in the account frozen, when the player reached out to the customer care , he was told that VPN was never allowed in the casino, and that their terms of service clearly stated that, the player read the teams of service and indeed saw that it is written there that VPN usage is not allowed by the casino, later , it was assumes that the customer care who initially answered player didn't even know the terms of service of the casino he or she is working for ..

Betfury managers wrote earlier in this thread that they allow the use of VPN to access the site, and I haven't heard a single case of them blocking a user because of it. So Betfury's ToS may be just a formal thing, and they only pretend to comply with the regulators. Actually, nothing is surprising in this because other platforms do the same thing. Moreover, popular centralized exchanges such as Binance also pretend to comply with regulatory requirements. In reality, they are constantly looking for loopholes to get around these requirements until they are caught red-handed.

I would go with occam's razor here as the simplest explanation is often most probable reason. Either you misunderstood what they meant by that, or they were lying to you and they are running an illegal operation, where they look another way and only pretend to comply with regulators. That doesn't give much hopes for your possibility to get your money back in any legal way if they ever would close your account.
 
If there would be loopholes that contradict the whole point of AML / sanction laws, don't you think that every casino could use that loophole? Ask anyone in charge of casino that on record and tell that you are going to double check that from regulators, and they will deny ever saying that.

If they could offer their services to citizens of restricted countries, why do they have that section in their tos saying the opposite?

For example, I don’t think that everything is bad with the BFG token and there are no serious prospects for its further development and use in games in this casino. 
The fact that there is still no listing on Binance or some other large well-known CEX and the fact that devs are in no hurry to deal with this, I can say, with an appropriate understanding of their intentions. 
First of all, such a listing is very expensive and perhaps casino devs simply cannot afford such costs.  By the way, this is not only a cost of money, but also a significant loss of employees' working time to obtain all kinds of permits, agreements and justifications and all sorts of other paperwork. 
Also, there are still fears of a large-scale whale attack (on the scale of this token, of course, the capitalization of which is currently about $50M according to CMC).  In addition, the boundaries of its rate fluctuations are All-Time High: $0.03656754, All-Time Low: $0.01019117, which is very good in terms of the stability of this token itself. 
So, given the possibility that a certain whale will try to play with the token rate with the corresponding dump / pump cycles, it is quite large in the case of a listing on a large exchange like Binance. 
I think for these reasons, so far we see a lull in the development of this token. 
And the devs are absolutely right in not forcing things to happen quickly.

Exactly, there are many of the loqs that we are here in the forum, we have had experience with groups that make projects and develop the topken in a spectacular way, but they always let the project die for not wanting to take the best step and the one that will leave and make them jump to triumph and that is it, just include it in a recognized exchange, they are not even asked to be in BInance or in any 1A exchange, just being known is enough in an exchange that is highly recognized by traders and people who know that They are good excahnges, because as you say, Binance had faith that they could include it, but I don't know why the devs don't want that commitment, it's like they had a fear or something in particular, and that's what stops a project, one coin and it doesn't let them jump to success, personally I think it's a shame, because a project like this, which has so much community and aside from the fact that they have been very successful in the forum, fails to take the best of all steps and it is to launch it towards a good exchange, decentralized exchanges seem annoying to me, they seem insecure, easy to hack, and it is not something that gives me great security, because I know that there are many smart contracts that can be similar and that can confuse players and traders who do not have much Experience , the Advantage of a Centralized exchange is its security, support, the ease of the environment within the exchange , so these things apart from being better, have and can have a volume of considerable capitalization.

I want to know if the fear on the part of the devs who do not put their tokens in a Decentralized exchange, what is it? the nameless? or what is it that they can fear him ? Many of us who are in the forum know that the main reason for a token to go away is that the don't give them a move or put it in a centralized exchange, because investors get anxious and leave, they don't believe in the project and they leave everything there. , then these things are the ones to avoid, since they bring a lot of Development and advancement in the BFG token , it is not worth letting it die.

While you might be right, this is something they stated to me multiple times in livechat so it must be that there are maybe some loopholes so it doesn’t cause any trouble for them and the players. Their list of restricted countries is so long also that they would loose a lot of (old) players when they wouldn’t allow a VPN.

For those who can adopt the risk maybe they could gamble to acquire and hold some BFG since we maybe can anticipate some good price rise especially if they get lots of demand. The current volume is so low so provably maybe this is good for those people who want to risk and try to wait for something good to happen like another exchange listing and this upcoming halving event.  Good trust is really need but we also need to understand that we should use the money we can afford to risk so if negative events happen they are still doing fine and seek for another token to invest.

Yes, those who still wanted to continue and still believing that the value of BFG will still rise they should buy and hold forget about checking in order for them not to lose hope, because even how high your trust if you see the market keeps on falling chances to have that fear and sell out is still possible,.

Good trust and good anticipation when buying your assets and keeping your bags on hold while enjoying your stake rewards and waiting for the next market pump.

By allowing VPN they mean that it's for players that are visiting on those restricted countries but have a citizenship of a country that's not restricted.

Otherwise it would be illegal and if they would froze your money, you would have no legal grounds to get them back, because you would have violated TOS.

Actually they would be legally obligated to freeze your account, if they aren't running an illegal operation, so i wouldn't feel so safe staking anything there. If you live in a country that's not restricted, you'll be fine to stake. Just not me.

A lot of countries are restricted from gambling on Betfury but they have already stated multiple times that they allow the use of a VPN. Personally I wouldn’t invest in the tokens, for me the main benefit of Betfury is the tokens you mined when playing (these days are over) and the daily dividend you got from them. As others have said before, there are no indications that the price would suddenly skyrocket.

I don't see it like that. Rewarding is not the word i would use. Account that i used long time to build is worthless now. Since they restricted EU from gambling, price and tokenomics are really only things i can focus on. So for me, it's only an investment opportunity, and i am trying to figure out from fundamentals and tokenomics when is that opportunity is going to be. And at the moment it's just trading the waves, trying to find ins and outs where i can buy an sell.

Those hype days for the old alts are long gone. Even a 2x would be considered a miracle.

Maybe just a body memory since we used to be checking price update on different crypto token that we hold and we are always influenced by this memory to check even our previous investments. I do this a lot when I'm on coinmarketcap and overwhelmed by tons of cryptocurrencies listed in there.



100% Agree to this. I hope Betfury will launch an exclusive promotion to forum members since their social media promotion is always flooded by spam participation from bots.

Maybe they are worried about the current condition of BFG  that's why they are frequently checking it to see if there's still volume that can cover up once they decide to sell. But as you said maybe for those people still bag holding this token and want to risk then maybe its good for them to stop checking the price so that it will not bring any stress to them and just wait for the price to pump. Halving is coming so let see if we can also see some good pump for this token since if that happen for sure many people would provably happy.

What is the purpose of checking BFG price regularly? It does not look that this token gonna one day do 10x and all of a sudden holders becomes rich easily. It does not look that if we skip checkinc BFG price for a while, we gonna get amazed one day. Like Ive said previously, this token is just an addition, a gratitude for playing on Betfury. Instead of focusing in token, we would better gamble and focus on new features.

You’re right, It’s just a shame that this thread was already abandoned by the official representative of Betfury that leaves us our opinion to become worthless since there’s no chance to be heard by the team.

Betfury is one of the most discussed casino tokens here since they promote here during token launch and many of us become investors due to their good introductions. Also the worst performance of token gives us here another discussion topic that makes this thread active than other typical ANN thread. I’m still checking on this token regularly even I sold all my tokens long time ago for a possible re-invesment.