FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 2.

btcltcdigger

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Quote from: Saint-loup on December 28, 2024, 05:28:58 PM

no it's not a deserted platform, they are still opening new sport betting markets and paying winnings of bets once they are settled.

Maybe that part is automated, requiring no human intervention? Many sport betting sites do it, so i would assume they do it as well. I mean, after 10 years of existence, you'd think they'd make it easier for them, especially since the high traffic of the website.

Lucius

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Quote from: TheUltraElite on December 29, 2024, 04:11:29 AM

Quote from: Lucius on December 28, 2024, 10:38:26 AM

My assumption is that the project was not abandoned, but rather sold to someone who is not capable of running it. If everything was really on autopilot, I think everything would collapse very quickly and it wouldn't last this long. It seems logical to me that the owner decided to get out of the business after about 10 years, but it turned out the way it did.

If that is the case then I hope the buyer would introduce themselves here, tell us about their vision for the next 10years and how they plan to resolve any ongoing issues.
~snip~

If there was any intention for the possible new owner to do that, it would have already happened. If I am right with my assumption, then the whole essence of the secret sale was that everyone thinks that nothing has really changed - in other words, if someone bought the business, they wanted to buy the reputation as well.

Be that as it may, I think it is unrealistic to expect that this service will exist in 10 years - let alone that someone has plans that go that far in advance.

rdbase

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Quote from: Mahdirakib on December 28, 2024, 01:11:11 AM

Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

No, they haven't sold all the FUN tokens of the users. FUN token cold wallet address of Freebitco still has more than 3.3 billion tokens in it (check here). They are occasionally transferring FUN tokens from their cold storage wallet to their hot wallet address in order to process the users FUN token withdrawal. Currently, there are 25 million FUN tokens on their hot wallet address (check here). For some unknown reasons, they haven't processed any FUN withdrawal since last two weeks.

That is a relief that the team or owners haven't sold any of their tokens yet.
Once they do, then you know the project is over.

Quote from: Saint-loup on December 28, 2024, 05:28:58 PM

no it's not a deserted platform, they are still opening new sport betting markets and paying winnings of bets once they are settled.

Placed a bet yesterday on Serie A and it got paid out just when I logged in, so that part of the site still works.
But of course this is on autopilot as the match was over 17 hours ago and only settled when I logged in to show it was settled and winnings were paid. This seems to be automated.

Quote from: ? on December 28, 2024, 07:38:46 PM

Hello, I have a question and I did read through posts here.

Since the website didn’t reward FUN token holders for their premium benefits, I only waited my locked FUN token to be matured. It was matured and added correct amount including interests was added to my account. I then withdrew the FUN token but have not gotten any email or the fund.
I saw that selling the token and withdrawing BTC is working but I can’t even do that at this point.
I emailed or sent message via website but no replies.
It has been two days.
Im hopeless, but wanted to see if anything could help the situation.

Mine just unlocked on the 28th yesterday and received the matured amount of tokens.
Bought 6815 then locked them a year ago and received the 7315 tokens after matured.
They are in the wallet and can sell them for bitcoin if I want to. Will not be withdrawing them to an external wallet from the difficulties many are stating they are having once they initiated the process.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Lucius on December 28, 2024, 10:38:26 AM

My assumption is that the project was not abandoned, but rather sold to someone who is not capable of running it. If everything was really on autopilot, I think everything would collapse very quickly and it wouldn't last this long. It seems logical to me that the owner decided to get out of the business after about 10 years, but it turned out the way it did.

If that is the case then I hope the buyer would introduce themselves here, tell us about their vision for the next 10years and how they plan to resolve any ongoing issues.

Specially what will be the fate of the FUN token and its economics. These have been a source of frustration for the investors few of whom are already here on this forum apart from many others who never visit this forum.

At present, I have withdrawn my BTC investment on the site, but I can help not keep both eyes on their progress.

Mahdirakib

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Quote from: ? on December 28, 2024, 07:38:46 PM

~ I then withdrew the FUN token but have not gotten any email or the fund.
I saw that selling the token and withdrawing BTC is working but I can’t even do that at this point.

You have nothing to do now except waiting for them to start processing the FUN token withdrawals. You can keep your eyes on the FUN token hot wallet address of Freebitco. They had processed the last FUN token withdrawal 19 days ago. Perhaps, a part of Freebitco team is on vacation for Christmas and New Year celebration. I guess they will start processing the withdrawals after the 10th January of 2025.

?

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Hello, I have a question and I did read through posts here.

Since the website didn’t reward FUN token holders for their premium benefits, I only waited my locked FUN token to be matured. It was matured and added correct amount including interests was added to my account. I then withdrew the FUN token but have not gotten any email or the fund.
I saw that selling the token and withdrawing BTC is working but I can’t even do that at this point.
I emailed or sent message via website but no replies.
It has been two days.
Im hopeless, but wanted to see if anything could help the situation.

Saint-loup

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Quote from: shield132 on December 28, 2024, 07:10:20 AM

No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire. Domain and hosting server expenses are paid and the website is working on its own, like Coinroll and Safedice were working years ago. When the website is abandoned, it's better to not play there because today things might be working because the process is automated but once the wallet empties, there will be no hope of getting money.
Maybe Freebitco doesn't want to scam people and something bad happened to the owner, that's why everything works automatically and there are many problems. I want to repeat again that the best deal in this situation is to withdraw everything you have and move on to another casino where owners take care of their customers and don't delay rewards or payments.

No it's not a deserted platform you can't say that, they are still opening new sport betting markets and paying winnings of bets once they are settled. They are also processing BTC withdrawals even for "flagged" accounts or requests, so it's almost sure someone is still managing it. But it's sad he or someone else doesn't make more announcements here to update us with the current

Lucius

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Quote from: shield132 on December 28, 2024, 07:10:20 AM

No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire.
~snip~

My assumption is that the project was not abandoned, but rather sold to someone who is not capable of running it. If everything was really on autopilot, I think everything would collapse very quickly and it wouldn't last this long. It seems logical to me that the owner decided to get out of the business after about 10 years, but it turned out the way it did.

hosseinimr93

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Quote from: pawanjain on December 28, 2024, 10:15:01 AM

Besides that, is there anyway we can verify how many FUN tokens freebitco.in is currently holding ?

As already mentioned by Mahdirakib already in this post, they own the following addresses.

0x99e2ae3dd7fdb5684950176551911d19d55dfcabt
0x12d4017f232ebb4327e8e0082ed4337084bf2e84

The first one belongs to their cold wallet and now holds more than 3.3 billion FUN tokens. The second one is used for proccesing withdrawals and now holds around 25 million FUN tokens.

iv4n

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Quote from: Fivestar4everMVP on December 28, 2024, 04:55:47 AM

Besides, how else should we explain the reason for the easy withdrawal in bitcoin, and frustrating withdrawal in fun token?

As with many of the issues they have had recently, we can only guess what's going on behind the scenes this time. Maybe you are right, but it wouldn't surprise me if it's something else... anyway, the worst thing is that the team doesn't provide any explanations, it keeps all the users in the dark. Problems arise and are solved, and I don't expect the casino to give a full explanation of each one every time, but a couple of information and maybe a few words that the team is working on it and everything will be fine can go a long way.

pawanjain

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Nothing lasts forever

Quote from: ovcijisir on December 27, 2024, 01:21:35 PM

Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

I'm not sure that it is good idea if they did that. If I remember correctly year and a half ago FUN price was 14 satoshis, and now the price fluctuates 5-7 sats. They would be in huge loss if they sold the FUN.

Maybe there is some financial reasoning behind this decision, but I like to keep things simple.

The question is not whether is it possible but are they even allowed to do this ?
Using customer funds for their own profits without letting them know is not the right thing to do.
Besides that, is there anyway we can verify how many FUN tokens freebitco.in is currently holding ?
If we can verify this then may be we can find out if freebitco.in actually sold customer's FUN tokens or not.

shield132

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Quote from: virasog on December 27, 2024, 12:24:34 PM

Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

I really do not understand what going on inside freebitco. Fun token doesn't have a price that it could be dumped by the freebitco to buy the bitcoin. And even if they do it, it's their internal decision.

These day i am also confused as at one side the activities of Freebitco seems suspicious and scammy but at other hand they are processing the BTC withdrawals. If they were to scam, they wouldn't have let the gamblers withdraw their BTC and if people tend to withdraw their money and stop depositing, the site and this business will fail eventually. Don't know what freebitco are upto Huh

No one knows what's going on inside Freebitco but it's clear after a year that this website is like an abandoned empire. Domain and hosting server expenses are paid and the website is working on its own, like Coinroll and Safedice were working years ago. When the website is abandoned, it's better to not play there because today things might be working because the process is automated but once the wallet empties, there will be no hope of getting money.
Maybe Freebitco doesn't want to scam people and something bad happened to the owner, that's why everything works automatically and there are many problems. I want to repeat again that the best deal in this situation is to withdraw everything you have and move on to another casino where owners take care of their customers and don't delay rewards or payments.

ovcijisir

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Quote from: Fivestar4everMVP on December 28, 2024, 04:55:47 AM

Sorry but I do not think you understand what I said, or what you are even saying, remember they own this project, they own the token, they possibly may not have bought their allocation from the market like you and I do, so this means that they are in profit no matter the price they decide to sell at, even in the current price.

Now, lets assume they sold all their team allocation hidden in secret wallets earlier before this whole issue began with the casino, and used that money to invest in bitcoin at the time when the price of bitcoin was around $20k to $25k to $30k, would you still tell me that right now, they are not in a huge profit? Of course they are.

Besides, how else should we explain the reason for the easy withdrawal in bitcoin, and frustrating withdrawal in fun token?

That is another story, I did not know that they are owners of the Funfair project. If they have preminted coins they can crash the price and manipulate it.

That is why the team's addresses with preminted tokens should be public, so when tokens are released we can see if they send everything to exchange to sell it and drop the price.

I wonder if this is the secret behind TheQuins disappearance, the contract could have ended and he got FUN tokens and went his way?

Fivestar4everMVP

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Quote from: ovcijisir on December 27, 2024, 01:21:35 PM

Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

I'm not sure that it is good idea if they did that. If I remember correctly year and a half ago FUN price was 14 satoshis, and now the price fluctuates 5-7 sats. They would be in huge loss if they sold the FUN.

Maybe there is some financial reasoning behind this decision, but I like to keep things simple.

Sorry but I do not think you understand what I said, or what you are even saying, remember they own this project, they own the token, they possibly may not have bought their allocation from the market like you and I do, so this means that they are in profit no matter the price they decide to sell at, even in the current price.

Now, lets assume they sold all their team allocation hidden in secret wallets earlier before this whole issue began with the casino, and used that money to invest in bitcoin at the time when the price of bitcoin was around $20k to $25k to $30k, would you still tell me that right now, they are not in a huge profit? Of course they are.

Besides, how else should we explain the reason for the easy withdrawal in bitcoin, and frustrating withdrawal in fun token?

Mahdirakib

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Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

No, they haven't sold all the FUN tokens of the users. FUN token cold wallet address of Freebitco still has more than 3.3 billion tokens in it (check here). They are occasionally transferring FUN tokens from their cold storage wallet to their hot wallet address in order to process the users FUN token withdrawal. Currently, there are 25 million FUN tokens on their hot wallet address (check here). For some unknown reasons, they haven't processed any FUN withdrawal since last two weeks.

ovcijisir

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Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

Quote from: hypersonic1 on December 26, 2024, 10:29:08 PM

Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?

I'm not sure that it is good idea if they did that. If I remember correctly year and a half ago FUN price was 14 satoshis, and now the price fluctuates 5-7 sats. They would be in huge loss if they sold the FUN.

Maybe there is some financial reasoning behind this decision, but I like to keep things simple.

virasog

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Quote from: Fivestar4everMVP on December 27, 2024, 02:41:36 AM

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

I really do not understand what going on inside freebitco. Fun token doesn't have a price that it could be dumped by the freebitco to buy the bitcoin. And even if they do it, it's their internal decision.

These day i am also confused as at one side the activities of Freebitco seems suspicious and scammy but at other hand they are processing the BTC withdrawals. If they were to scam, they wouldn't have let the gamblers withdraw their BTC and if people tend to withdraw their money and stop depositing, the site and this business will fail eventually. Don't know what freebitco are upto Huh

Fivestar4everMVP

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Quote from: hypersonic1 on December 26, 2024, 10:29:08 PM

Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

If we are to go by this, then what this means is that the site likely is short of liquidity to process withdrawals in fun tokens, can we assume that the management have possibly sold all the customer's fun tokens in their possession to buy into bitcoin's pump?
This is very possible if any one would care well enough to ask me, because I do not understand why processing withdrawals in bitcoin is easier and convenient for the casino than their own very token, most platforms will refer users to make deposits and withdrawals in the platform's own token as this promotes onchain activity for the token, but for freebitco, this seems not to be the case.

Anyways, who ever is deciding to convert their fun token to bitcoin for withdrawal from the platform shouldnt feel too bad about the decision, since to me, Its a win win situation, holding fun token at the moment doesn't seem like a profitable investment in the short and long run.

hypersonic1

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Re iterating what's been said.

The most reliable way to get your FUN off the site is to cash it into BTC and withdraw.

BTC withdrawals as of today are doing fine.

If you have an issue withdrawing something with the site please specify FUN or BTC.

uneng

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Quote from: ovcijisir on December 26, 2024, 05:34:57 PM

Now only doubt for me is : to hold BTC that I got on the site or withdraw it immediately? On one side it is definitely safer to get them in my non custodial wallet, but on the other side I like the taste of those sweet free sats that drip every day.
I hope they won't touch dividend that we get from holding, but if they withdrew free spins without word who knows what is next.
Thoughts?

The site is too unstable to keep a considerable portion of money deposited there. The best alternative is to just cashout your funds to a safe wallet. Features can stop working there at anytime without further notice, like it happened with daily spins which aren't credited to us anymore. Therefore, the same can happen with withdrawal feature... And if that happens, you won't have anyone to appeal to.

On the other hand, if it's only a small sum of money and you think it's nice to see passive income being paid to your account daily, then it's not going to be a big issue if what I mentioned above happened for real. The most important now is to be aware you can't count on this platform for anything anymore.

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 2. (Read 563964 times)