If the token represents the bankroll, does this mean that Bitnity has lost over 70% of its bankroll to players in the past year? The price has gone from an all-time high of $0.04 to fluctuating between $0.006-$0.008. If Bitnity is actually profiting, then why is the token de-valuing?
Well, here is a recent article in their
medium that explains the distribution mechanism when investing in bankroll and stacking, so for example, investments in bankroll offer remuneration in only one currency, while stacking for tokens can generate income in several currencies. As for the price for the BTNTY token, it is premature to talk about its fall yet, since less than a month has passed since the start of trading and there are only 94 holders, so it is only at the beginning of its journey.
If the token represents the bankroll, does this mean that Bitnity has lost over 70% of its bankroll to players in the past year? The price has gone from an all-time high of $0.04 to fluctuating between $0.006-$0.008. If Bitnity is actually profiting, then why is the token de-valuing?
Casino isn't live yet. The gambling happening on the site happens with play tokens (PTKN), not with BTNTY, So the token value isn't based on dividends but mainly speculating if there will be dividends worth holding it. Devaluation with placeholder tokens happens when people aren't hyped enough.
And they told us that casino goes live in 1st March 2023
If the token represents the bankroll, does this mean that Bitnity has lost over 70% of its bankroll to players in the past year? The price has gone from an all-time high of $0.04 to fluctuating between $0.006-$0.008. If Bitnity is actually profiting, then why is the token de-valuing?
Well, you may be thinking about how to get instant profits. Currently, market is still not completely stable. We all know, if Bitcoin has shown an reversal and almost touched $25K level. However, service from Bitnity is not yet 100% complete, it is still in the development stage, and $BTNTY market is only on Uniswap with a small volume, so it's normal if the price hasn't recovered and you can't get to ATH yet. If Bitnity service/platform is successfully developed, it is possible it will be followed by price increases and increased demand for BTNTY.
NFA/DYOR/DWYORIf this token represents the bankroll and the casino has not yet been launched, then shouldn't its liquidity and its value be somewhat stagnant and relative to what the investors purchased the token for?