Topic: 🎲BetFury.io|​​​💫 Stellar network &amp; XLM 💫|📈BFG farming on BabySwap (Read 76723 times)

Quote from: dwyane36 on April 18, 2024, 10:16:35 PM

✧ Lock your assets for 365 days
✧ Double your Staking APY

Double the Staking APY for locking the tokens for 365 years is laughable since the total APY for that is just 77% while other tokens in DeFi offer more than a 100% APY without the need to lack the tokens and pure staking.

You should add more rewards that user can claim in daily or regular basis in addition to double APY to make a year of waiting worth it. Maybe add some rewards that related to the casino which user with locked tokens will get.

As I can see there's nothing special about stBFG's except this 77% APY, which is not impressive. So why did they add this new token? Many people expected to see the further development of BFG, but instead of that we got something new... am I missing something?

Investors can be easily sway by just increasing the APY without thinking the long term effect when the lock token unlock. There’s nothing new on this development aside from from giving false hope to token holders that the team is doing something for the token valuation while in reality it’s just the same BFG tokens locked for a year.

Quote

I will not convert my BFG's for now, I wish to continue with staking BFG to get some other coins not to get more BFG. I wonder if anyone from here plans to convert BFG for stBFG's and lock them for 365 days?

Yeah right. Converting to stBFG will just make you put in pressure to race for selling first once the tokens is unlock. We don’t know how much will BFG token change for that year so you might end up losing more than the 77% interest after unlock if the token performs bad.

SATWAT

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Quote from: coinerer on April 18, 2024, 11:49:59 AM

The value of their token is falling day by day due to some wrong decisions of BFG Tom. They wanted to market their casino site through their tokens and they misused the tokens a lot. So they could not hold a good position of their token for long. So there is no point in regretting about that now. They should have taken care of their tokens from the start. Because in the beginning they were able to create a lot of hype. But later they could not hold their position. it is there own failure

I wouldn't say the BFG token is dropping day by day. If you look at the chart, you will note that BFG has been trading around the same range for almost 2 years now. Of course, the Betfury team may have made a mistake in terms of progressing the BFG token. However, it's worth noting that regular users still have the opportunity to sell BFG tokens and leave the project if something doesn't suit them.

Here I agreed with this point BFG token price is no dropping, but we are having no movement which is problem and team doing things which are surely not helpful, and we are here for long time without anything positive this is really hurting because team is not taking anything serious which are talked here for many times.
Their casino is good with many promotions and other related things which are helping them, and they can increase their profit and also can-do better things with this token but as mentioned many times they are not interested to develop this project which is really frustrating.

dwyane36

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Quote from: coinerer on April 18, 2024, 11:49:59 AM

The value of their token is falling day by day due to some wrong decisions of BFG Tom. They wanted to market their casino site through their tokens and they misused the tokens a lot. So they could not hold a good position of their token for long. So there is no point in regretting about that now. They should have taken care of their tokens from the start. Because in the beginning they were able to create a lot of hype. But later they could not hold their position. it is there own failure

I wouldn't say the BFG token is dropping day by day. If you look at the chart, you will note that BFG has been trading around the same range for almost 2 years now. Of course, the Betfury team may have made a mistake in terms of progressing the BFG token. However, it's worth noting that regular users still have the opportunity to sell BFG tokens and leave the project if something doesn't suit them.

ultrloa

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Quote from: iv4n on April 18, 2024, 04:59:20 PM

Quote from: Beparanf on April 18, 2024, 12:06:23 PM

Quote from: Beparanf on April 18, 2024, 12:06:23 PM

✧ Lock your assets for 365 days
✧ Double your Staking APY

Double the Staking APY for locking the tokens for 365 years is laughable since the total APY for that is just 77% while other tokens in DeFi offer more than a 100% APY without the need to lack the tokens and pure staking.

You should add more rewards that user can claim in daily or regular basis in addition to double APY to make a year of waiting worth it. Maybe add some rewards that related to the casino which user with locked tokens will get.

As I can see there's nothing special about stBFG's except this 77% APY, which is not impressive. So why did they add this new token? Many people expected to see the further development of BFG, but instead of that we got something new... am I missing something?

I will not convert my BFG's for now, I wish to continue with staking BFG to get some other coins not to get more BFG. I wonder if anyone from here plans to convert BFG for stBFG's and lock them for 365 days?

For long time they are unable to impress people now they come up with this thing which is another disappointment to user since what currently they offer didn't attract people but instead it confuse us more. Also I'm not fan about locking my asset for 365 days since to many good things to happen and I can potentially earn a lot more with that if I use it on other investment rather than taking this which we don't know if their token will still got a small volume at the end of locking period.

Don't know if there's still people will do that but let see the opinion of other people if they like what they see and will try their new offer to their community.

iv4n

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✧ Lock your assets for 365 days
✧ Double your Staking APY

Double the Staking APY for locking the tokens for 365 years is laughable since the total APY for that is just 77% while other tokens in DeFi offer more than a 100% APY without the need to lack the tokens and pure staking.

You should add more rewards that user can claim in daily or regular basis in addition to double APY to make a year of waiting worth it. Maybe add some rewards that related to the casino which user with locked tokens will get.

As I can see there's nothing special about stBFG's except this 77% APY, which is not impressive. So why did they add this new token? Many people expected to see the further development of BFG, but instead of that we got something new... am I missing something?

I will not convert my BFG's for now, I wish to continue with staking BFG to get some other coins not to get more BFG. I wonder if anyone from here plans to convert BFG for stBFG's and lock them for 365 days?

Beparanf

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Burpaaa

Quote from: TopTort777 on April 16, 2024, 04:32:51 AM

✧ Lock your assets for 365 days
✧ Double your Staking APY

Double the Staking APY for locking the tokens for 365 years is laughable since the total APY for that is just 77% while other tokens in DeFi offer more than a 100% APY without the need to lack the tokens and pure staking.

You should add more rewards that user can claim in daily or regular basis in addition to double APY to make a year of waiting worth it. Maybe add some rewards that related to the casino which user with locked tokens will get.

coinerer

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Quote from: shield132 on April 12, 2024, 08:17:02 AM

Quote from: Unsoldier on April 16, 2024, 09:04:50 AM

According to coinmarketcap BFG Token's market supply is more than 3 billion tokens. That's a huge number compared to Bitcoin and Ethereum, so they have a very good space left that allows them to burn millions of coins regularly. This will allow them to attract many people and take emergency measurements when coin starts falling.
I personally think that BFG offers too big APY and they won't be able to keep this coin with APY as high as 130%. Fun token, that was owned by freebitco, failed at 25% APY. At the moment Betfury stands strong but I am not sure they'll keep it up.

I don't think you understood my point. Burning doesn't really matter here. It's more of a signal of action then meaningful action. Also i don't have a clue what kind of emergency measurements you are talking about? Tokens that are burned were never coming to market anyway. Also supply, what ever it would be is insignificant number by itself, and it doesn't make sense to compare it to other coins. Just like the token value. Only by combining them you get meaningful data you can use for comparison (aka marketcap / diluted marketcap).

APY is way too high, yes, but that's far from the only reason this is failing. Main reason is because Universe B Games B.V. doesn't really care about it. And after they have burned all their own tokens, they have zero incentives to care about bfg.

Indeed burning does not have any point. I have been receiving BFG for every single fart I make on BetFury. The amount of tokens grow all the time, but my total $ value either show tiny growth or drops down Cheesy

Even inflation is less annoying than constant drop of BFG value. To fix that, they need listing. Having their token presented only on their Biswap and on two other dex with tiny volume isnt good. And daily trading volume of 40k that is not serious...

The value of their token is falling day by day due to some wrong decisions of BFG Tom. They wanted to market their casino site through their tokens and they misused the tokens a lot. So they could not hold a good position of their token for long. So there is no point in regretting about that now. They should have taken care of their tokens from the start. Because in the beginning they were able to create a lot of hype. But later they could not hold their position. it is there own failure

UserU

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Activity: 2016

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FREE passive income eBook @ tinyurl.com/PIA10

~~Anyone got their BFG staked earnings auto-claimed? Never touched the claim button at all until I noticed it was grayed out~~

EDIT: Caused by the stBFG migration. No wonder

dwyane36

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Activity: 2842

Merit: 2011

The Betfury team owns almost all of the token supply. Therefore, no exchange will list BFG until the casino has all the tokens. Betfury needs to get rid of its excess tokens, and then exchanges might start listing BFG. But will the team take such a step? If not, everything will remain the same.

There is no hint that the Betfury team is planning to get rid of some of the BFG tokens. Besides, the Betfury team seems to still prefer to be anonymous, and it seems to me that this may also be one of the reasons why they don't want to get listed on popular centralized exchanges.

Quote from: SATWAT on April 16, 2024, 11:12:22 PM

Its long time we are discussing too much about this all with we never have any update about this from the team which is much needed, and I have feeling there is no chance from team to try for listening on any exchange because they are doing good on their casino, and they are happy with this all which is good for them.
But still if we have anything positive this could be also good and help this token for having good name and reputation in the market, but these all are personal thoughts with team is surely not agreed and want to talk about this all as we already check few posts from different members about this

It is entirely possible that they are satisfied with the way their token and casino operate now. However, it's worth noting that plans to list the BFG token on CEXs were mentioned by them in this thread a few years ago, but it seems that now they have finally abandoned these plans.

SATWAT

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Quote from: Unsoldier on April 16, 2024, 09:04:50 AM

Quote from: dwyane36 on April 15, 2024, 11:19:46 PM

And people who hope that BFG gets listed to any decent CEX like binance, just that one comment (among of many they have made): "Planned burnings increase the value of BFG token" means it fails Howey Test and makes it clearly a security token. That obviously means that no legit CEX would risk listing it, as they would get shit from that if they would get caught.

When i voiced my concerns about such sales pitches in very polite manner in their chat, and asked about their legal approach, i got muted and my messages deleted.

Does the Howey Test have any significance for those projects that are outside the jurisdiction of the USA and don't serve users from the USA? I doubt it. In my opinion, the reason why exchanges aren't interested in the BFG listing and the Betfury team is not even trying to list its token on any popular exchange is not because of this.

The Betfury team owns almost all of the token supply. Therefore, no exchange will list BFG until the casino has all the tokens. Betfury needs to get rid of its excess tokens, and then exchanges might start listing BFG. But will the team take such a step? If not, everything will remain the same.

Its long time we are discussing too much about this all with we never have any update about this from the team which is much needed, and I have feeling there is no chance from team to try for listening on any exchange because they are doing good on their casino, and they are happy with this all which is good for them.
But still if we have anything positive this could be also good and help this token for having good name and reputation in the market, but these all are personal thoughts with team is surely not agreed and want to talk about this all as we already check few posts from different members about this

shield132

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Quote from: shield132 on April 12, 2024, 08:17:02 AM

Quote from: dwyane36 on April 15, 2024, 11:19:46 PM

According to coinmarketcap BFG Token's market supply is more than 3 billion tokens. That's a huge number compared to Bitcoin and Ethereum, so they have a very good space left that allows them to burn millions of coins regularly. This will allow them to attract many people and take emergency measurements when coin starts falling.
I personally think that BFG offers too big APY and they won't be able to keep this coin with APY as high as 130%. Fun token, that was owned by freebitco, failed at 25% APY. At the moment Betfury stands strong but I am not sure they'll keep it up.

I don't think you understood my point. Burning doesn't really matter here. It's more of a signal of action then meaningful action. Also i don't have a clue what kind of emergency measurements you are talking about? Tokens that are burned were never coming to market anyway. Also supply, what ever it would be is insignificant number by itself, and it doesn't make sense to compare it to other coins. Just like the token value. Only by combining them you get meaningful data you can use for comparison (aka marketcap / diluted marketcap).

APY is way too high, yes, but that's far from the only reason this is failing. Main reason is because Universe B Games B.V. doesn't really care about it. And after they have burned all their own tokens, they have zero incentives to care about bfg.

In emergency measurements, I mean that when token is significantly falling and following a downtrend, when you have billions of them, you have enough space to burn a significant amount and there will still be enough coins left to be in circulation. I think this but now you say that supply is insignificant number but why? I think that when we buy something, we prefer when it has low quantity because the more we have something that's small in numbers, the more expensive they will become. Isn't that one of the reason behind Bitcoin's popularity?

Their APY is not far from the reason of this failing. 130% APY is enormous and they didn't have it such a high before. Increasing of APY for me means that they find it hard to attract new investors and are trying to attract via big numbers. If there is not big inflation (price fall), then they won't be able to keep a token with 130% APY that is also increasing in dollar value.

Unsoldier

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And people who hope that BFG gets listed to any decent CEX like binance, just that one comment (among of many they have made): "Planned burnings increase the value of BFG token" means it fails Howey Test and makes it clearly a security token. That obviously means that no legit CEX would risk listing it, as they would get shit from that if they would get caught.

When i voiced my concerns about such sales pitches in very polite manner in their chat, and asked about their legal approach, i got muted and my messages deleted.

Does the Howey Test have any significance for those projects that are outside the jurisdiction of the USA and don't serve users from the USA? I doubt it. In my opinion, the reason why exchanges aren't interested in the BFG listing and the Betfury team is not even trying to list its token on any popular exchange is not because of this.

The Betfury team owns almost all of the token supply. Therefore, no exchange will list BFG until the casino has all the tokens. Betfury needs to get rid of its excess tokens, and then exchanges might start listing BFG. But will the team take such a step? If not, everything will remain the same.

TopTort777

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Quote from: shield132 on April 12, 2024, 08:17:02 AM

According to coinmarketcap BFG Token's market supply is more than 3 billion tokens. That's a huge number compared to Bitcoin and Ethereum, so they have a very good space left that allows them to burn millions of coins regularly. This will allow them to attract many people and take emergency measurements when coin starts falling.
I personally think that BFG offers too big APY and they won't be able to keep this coin with APY as high as 130%. Fun token, that was owned by freebitco, failed at 25% APY. At the moment Betfury stands strong but I am not sure they'll keep it up.

I don't think you understood my point. Burning doesn't really matter here. It's more of a signal of action then meaningful action. Also i don't have a clue what kind of emergency measurements you are talking about? Tokens that are burned were never coming to market anyway. Also supply, what ever it would be is insignificant number by itself, and it doesn't make sense to compare it to other coins. Just like the token value. Only by combining them you get meaningful data you can use for comparison (aka marketcap / diluted marketcap).

APY is way too high, yes, but that's far from the only reason this is failing. Main reason is because Universe B Games B.V. doesn't really care about it. And after they have burned all their own tokens, they have zero incentives to care about bfg.

Indeed burning does not have any point. I have been receiving BFG for every single fart I make on BetFury. The amount of tokens grow all the time, but my total $ value either show tiny growth or drops down Cheesy

Even inflation is less annoying than constant drop of BFG value. To fix that, they need listing. Having their token presented only on their Biswap and on two other dex with tiny volume isnt good. And daily trading volume of 40k that is not serious...

dwyane36

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Activity: 2842

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And people who hope that BFG gets listed to any decent CEX like binance, just that one comment (among of many they have made): "Planned burnings increase the value of BFG token" means it fails Howey Test and makes it clearly a security token. That obviously means that no legit CEX would risk listing it, as they would get shit from that if they would get caught.

When i voiced my concerns about such sales pitches in very polite manner in their chat, and asked about their legal approach, i got muted and my messages deleted.

Does the Howey Test have any significance for those projects that are outside the jurisdiction of the USA and don't serve users from the USA? I doubt it. In my opinion, the reason why exchanges aren't interested in the BFG listing and the Betfury team is not even trying to list its token on any popular exchange is not because of this.

Beparanf

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Burpaaa

Quote from: shield132 on April 12, 2024, 08:17:02 AM

APY is way too high, yes, but that's far from the only reason this is failing. Main reason is because Universe B Games B.V. doesn't really care about it. And after they have burned all their own tokens, they have zero incentives to care about bfg.

Exactly what’s the current status of BFG tokens. There’s no further plan to grow the value aside from token burning while they gave higher APY for stakers that rewards BFG token. They even have lock period but in exchange rewards extra BFG token thta just delay the sell off yet it intensified once the tokens unlock.

The should start treating well BFG tokens instead of using it as rewards token alone and source of money for their marketing. I think adding more utility such as casino rewards in a form of free spin and free bet for all BFG holders will make users keen to hold this token.

o48o

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