Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 37. (Read 558813 times)

Those probabilities are not accurate. To get an uncommon prize, there is a 1.1% probability if you include lottery tickets, without tickets it is 0.6%. Another thing is that even if the uncommon prizes have a low probability they still made up a proportionately higher amount of your rewards in the beginning. The 5000 prize is 100x larger than the base prize but the odds were initially much better than 1/100th of the base reward’s odds.


If the annual returns had been 1/125th at the beginning, nobody would have invested in something where it might take over a century to recoup that investment. Regardless of how you want to calculate returns, becoming a premium member is something that currently requires an extremely long time to reach any meaningful ROI. These slow and steady returns should not be unsustainable but perhaps there are other costs which we haven’t been factoring. FUN isn’t a token they created themselves, it is something which they paid to acquire. Promoting and developing the token also have a cost and they might have taken significant losses from all this.

Because you aren't looking into the chart properly. I also think that you aren't holding any FUN tokens on your Freebitco account. You wouldn't say it if you were holding any FUN tokens. Anyway, Freebitco team have tried to give some benefits to the FUN token holders. It helped FUN tokens price to surge significantly in the early days. Then it has failed greatly and FUN tokens price rarely surged with other altcoins.

Sorry but I honestly doubt if you know what you are saying, current marketcap of Fun token is around $34 million dollars with a total supply of 10 billion, this is a very small market cap for a token that is listed on all the big exchanges except from coin base and bybit, and maybe some other exchanges that doesn't really matter.

How about the trading volume?, currently trading volume when I checked now was $1.1 million dollars in total, meanwhile on Binance which is still the world's largest crypto exchange, the volume is around $600k dollars, that is also very low for a token listed on top exchanges.

Go and check RLB - Rollbit token, the token is only listed on some decentralized exchanges, yet have around $212 million dollars in market cap, and does around $3 million dollars in 24 hours trading volume, this is without centralized exchanges yet.

Has anyone tried to access the WOF directly?
Previously it was a broken link, but now it works, albeit with no spins available.
https://freebitco.in/static/html/wof/wof-premium.html

The wheel is not technically broken as it works for me on the emails (gone from 1/day to 2-3/week) and the notification popup, but not from the Premium membership.
This suggests that the wheel and process is fine, and my FUN total is fine too (it also unlocks automatically, just give it 24 hours!) but they have clearly deactivated the premium spins.

With regards the "Notifications WOF spin".... I get about 2-3 notifications pop up every day but none of them are the WOF spin. The WOF spin notification pops up once every 4-7 days so it is a bit cheeky telling you to subscribe for notifications that give away free spins, because they are giving away 1 free WOF spin for every 10-15 pop ups they send to you and is quiet easy to forget to pay attention to what it says and just dismiss the genuine WOF notification as one of the other pop ups about lottery draws or bonus events.

Additionally, I know a lot of you are quick to sell off your FUN tokens at the moment, and I don't blame you if you need the cash, but it isn't worth much and I personally think if you are a risk taker like me, it is actually better to BUY as much as you can right now.

Firstly, if enough people buy FUN tokens, the price will start to rise again which may boost it enough to get the WOF spins working again, and secure your funds. Granted, it would take a LOT of people to get it to rise but not unheard off (hey Elon Musk??!?)

Secondly, it makes market sense to buy right now when the price is really low, because IF they get the WOF spins working again, you are going to be getting 16 spins/day with a minimum of 18SAT a spin and you can max out those Premium Member benefits for maybe $100.
If you wait for the FUN price to rise (and IF it does) and wait for the WOF spins to come back (IF it does) then you are going to end up paying a LOT more to max out those benefits.... potentially $hundreds or even $thousands which in turn is going to take you many times longer to recoup the cost of the FUN. Max out the premium membership now and you could in theory recoup it within 8-9 months with 16 spins/day, but wait until the FUN token goes above 10sat and you are looking at 18-24 months to recoup the investment.

Of course, there is not guarantee it will rise or the WOF will come back on, but then there is absolutely no guarantee in any cryptocurrency because it is so volatile!
People who get rich from it are those willing to take big risks and gamble for the huge payoff that MAY come with it.... and the FUN token is no different.

So I have maxed out my FUN tokens premium membership for FAR lower cost than it was 6 months ago and sitting and waiting to see what happens, hoping I eventually get my 16/day spins. If it goes belly up..... well...... it is no different than buying $100 worth of any crypto and hoping to see the price of it go up and not crash.

Today sometimes my captcha disappears, please fix it

Hmm the future looks bleak from this position for FUN token, I have maintained my distance from this token since its inception and shift of ownership to freebitco.in - I dont know how the current bagholders of FUN are managing to stay put and continue holding their bags.

In all probability it will not encounter a bull run. We must also note that there is been no marketing from FBC about this token. If they start doing it maybe things will change in future. But with the current reduction of public trust in FBC, things dont look good.

They didn't mess up, instead, they did nothing. They bought it and did nothing, no marketing, no increased rewards, no further price growth, nothing attractive to buy the coin.

How can you say that FUN token is doing well? Okay, the volume is not that bad but the price of the coin goes down, Freebitco loses trust, has issues and goes down, there is no room for FUN token to breathe air, it's going downwards, this is the race to the bottom.
Btw in 2021, the fact that Freebitco acquired the FUN token, played a good role in its bull run but I bet there will be no bull run for this token in 2024-2025 and further.

From this chart, it doesn't look like the FUN token was reacting in any way to the bullish trend. By the way, BTC reached a new ATH in March, and the price of the FUN token had almost no reaction to it, so it continued to fall.
As for Binance, poor liquidity, and low market cap are also some of the reasons why they may delist tokens. Let's hope that the FUN token won't be affected by it.

The average cannot be done like this, the spin has 4 types of prizes:
1) common (15/50 Sat/Points/Tickets)
2) uncommon (150-500/1500-5000 Sat/Points/Tickets)
3) rare (1/5/50 Golden tickets)
4) special (500$ giftcard, Iphone, Rolex)

Point 4 has an extremely rare probability, it is like winning a jackpot of a national game/lottery.
Point 3 has a probability of about 1%.
Point 2 has a probability of about 3-4%.
Point 1 is the one that comes out with a probability of about 95+%, of which as said 1/3 are tickets.

So we need to calculate a weighted average of point 1, with some exceptions of point 2 and extraordinary 3 and 4.

So if at the beginning 1 FUN was 50 sat, buying the maximum membership of 500,000 FUN we had a cost of 25,000,000 satoshi, with an annual return from the spins of 200,000/300,000.
That is from 1/83rd to 1/125th of the investment.

Today a 500,000 FUN membership is bought with 2,000,000 satoshi, if they continued to give the same number of spins, whose municipalities have a value of 17/18, we would find ourselves with an annual return of 63,000/70,000.
That is from 1/31st to 1/28th of the investment, that is over 4 times what it paid before, for the site it would not be sustainable.

I hope this is clearer.

The problem is that this crypto at the moment has little use since it is only for games and there are other more famous and used cryptos such as TRON (TRX), so if they don't invent something, the price will stagnate like this or there will even be a removal from the exchanges.

One thing that could make them rise in price would be the creation of faucets (and not only) that distribute this crypto, but at the moment the demand seems low or non-existent.

Except that FUN has become another shitcoin in a huge ocean of shitcoins. There is no innovation or additional utility planned with it, and given the poor performance of FBC lately I think we can safely assume FUN will wittle away into irrelevance. The fact we aren't received our free spins is very telling, this is no longer a technical issue, clearly they cannot sustain the cost of the free spins anymore. Anybody investing in FUN at this point would be better off going to a casino and sticking their money on a roulette table.

I don't get it, why is there so much complain about FUN token?

Someone said people are not buying this token, I doubt that because even in this bear market this token still have one million dollars worth of volume with good marketcap, how is this not doing fine?



This token has react very well to all past bull market, just like all other altcoins, when and if Bitcoin dominance is done surging altcoins will start moving again, as for those saying that Binance can delist Fun token well, how many tokens have Binance delisted that died because of it? There are few reasons why Binance delsist tokens and the most popular one is low volume.

Freebitco team should work more on utilities, I accept, but this doesn't mean the end for fun token.

2/3 of the wheel prizes might be satoshis and points, but they changed the odds so that you win the 500 and 5000 prizes much less often. This effectively led to a more than 90% decrease in total cumulative rewards over time.

Initially, for every 1000 spins we would be expected to receive 50 sats*300 + 500 sats*20 + 5000 sats*13 + 50 rp*300 + 500 rp*20 + 5000 rp*13. This would be a combined total of 180,000 sats & rp.

Today, for every 1000 spins we are expected to receive 18 sats*330 + 180 sats*2 + 1800 sats*1 + 18 rp*330 + 180 rp*2 + 1800 rp*1. This is a combined total of 16,200 sats&rp.

I have made mention of this in the past that Fun token risk being delisted from Binance, and once this happens, then I think it's absolutely over for Fun tokens, you are right that fun token has been on a decline even when freebitco has no issued, atleast, I am certain about this since this is one of the reasons I had no choice but to sell off all my fun token.

The truth of the matter is that fun token has no utility, and as such, it's not appealing to investor and traders, and the steady decline of its price makes matters even worst, freebitco didn't provide any utility for the token aside from staking/holding on the site to earn free spin, not everyone is interested in this, and it's possibly the reason why the price has been on decline.

Anyways, I hope those still holding the token find a way out before it becomes non existence, but also hoping that things will somehow become better with freebitco and as well as fun token.

If the trend of BTC has generally been upwards for 18 months as it has been then its also going to be a given that prices of various tokens measured in that BTC will be inverse and trend down.
   That occurring can still equate to a flat dollar price, I will have to look at the proper Japanese candlesticks chart for the token to see any insights possible in either btc or usd as base currency of trade.

If missing wheel spins are paid after some delay I would not write it up as a great failure more a mistake, certainly it looks bad and is disproportionate because people like their spins.  Its shame to lose that positive by just not giving what was promised.  

The ironic positive for now is that BTC is looking to break support (raising the base reward), perhaps repeating a similar bigger low as seen early August and again wider markets have some upset which apparently relates to and agitates greater volatility in BTC.

The damage has been done and I think this add up the fear of people to acquire FUN tokens so I guess there's less hope for this token to have a revival especially that they are already struggling and now they experiencing a heavy issue in their casino which provably could add up the disappointment of people towards that token.

Provably it will take long time for FUN token to restores back the trust of people since what people looking now is the full restoration of the operation of freebitco.in. Token is less of people concern so there's nothing to hope for this at the moment. If this incident where their volume still at lowest point then I guess the delisting announcement will follow to those exchange where this FUN token listed and that's really bad scenario to happen for their token.

It's worth noting that the FUN token had a downward trend even when the freebitcoin had no internal problems, and the website was working normally. So even if the freebitcoin team solves all its problems and restores its reputation, it's unlikely to trigger demand for the FUN token.
In fact, it's alarming that the trading volume of FUN tokens is small, even on Binance.

What happened with freebitcoin was a shocker and many of their customers have really not find way out of it, at least not for now, and freebitcoin would need to put in a lot of hardwork to ensure they start regaining their customers trust and confidence as it were.

From what have seen recently their operation is gradually improving and so with time users will feel convinced to get back to holding their FUN token. And another is, if they can reinstate their signature campaign on the forum too, it would really go a long way to change the narrative and impression of the community too.

No, what you say is true if the market goes down, but if it stays the same or goes up, it is the major source of income, and since you can't know the future market with absolute certainty, they are called investments precisely because they have a source of risk.

Nobody disputes the fact that spin wheels are the most attractive part, both because they give the thrill of the game, and of winning special prizes such as rolex, iphone, etc..., but in fact they represent the 3rd source of income after the APY and the possible % of interest per satoshi deposited, if these are significant figures.

It is a certain fact that the reduction of spin wheels is due to the change of the 2 cryptocurrencies and it is easily demonstrable.
I take my case which is the same for everyone, since I was one of the first to get the Premium when it came out..

At that time bitcoin was worth around 10,000/20,000$ and a FUN was equal to 50 satoshi (1 FUN = 50 sat).
Each Spin wheel has 4 prize categories, considering that the weighted average is of the common ones: satoshi, points, tickets, about 1/3 are tickets that in fact do not offer, except special cases of winning, earnings to the user. so 66% remains between satoshi and points.

Always at that time each common prize was equivalent to 50 satoshi/points/ticket, so let's say we got the prize of satoshi we had: 1 FUN = 50 sat, 1 spin = 50 sat, so a ratio of 1 (50:50).


Today we find ourselves with a bitcoin value 3/5 times higher and a FUN value 12 times lower, if we look at the spin wheels at the current value a common prize is 17/18 sat, while we have a FUN value of 4, so we get: 1 spin = 18 sat, 1 FUN = 4, whose ratio is 4.5 (18/4).

This means that the site must pay more than quadruple what it initially paid with the spins and obviously it may no longer be sustainable.

The 25% APY on locked tokens isn’t part of the Premium membership, you can get the benefits with a minimum of 500 tokens. Even with such a high annual rate it is not worth it to buy tokens just for this because of their poor price performance they will lose more value than what you earn.

The wheel spins were the most attractive aspect of being a premium member because they don’t require you to wager or make a deposit. I don’t really believe that price fluctuations are a reason why they needed to pause this. If the program wasn’t profitable to them they could have nerfed the rewards like they have in the past. They’ve had over a month to figure out a solution.