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You mean when will i buy fiat money?
I try to accumulate it when it hits the bottom and everyone holding fiat is scared and want to move to cryptos. I see that happening this year.
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Now things have become more interesting we have reached another milestone by merging our token I like the results and my staking rewards it increases like they promised, the next step now and probably the best one is getting BFG token in the market, so we can stop speculating if BFG token will have demands in the market and will Betfury will attract more players, I hope it will not be long.
That could happen pretty fast because from what i've understood the merging was done mainly for listing purposes as they didn't want to list 2 tokens. It could have even been a listing requirement for somewhere.. (that's obviously under nda so we won't know). |
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any idea when sun will be added to div pool ? so far it seems sun bettors can mine BFG Token but their loss isn't added to the pool , this way they are benefiting from the drops while bettors of other coins aren't getting drops from lost sun
sorry if this was asked before , haven't been following the forums or news recently
I thought that no one was just playing with the sun. Then again i don't play too much with trx so i wasn't paying attention, but i remember getting like 0.0000002 SUN at some point. Maybe it was from referrals or something like that? |
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It will go to the last few minable coins, like ETC and so...
This huge hashrate can destroy any of them...
There are more then few mineable coins, some more profitable then others, but can you elaborate on how would huge hashrate destroy any of them? |
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Where do you think all this ETH hash power is going and why? And more importantly, what does that do to the prices of those coins? I think that this is something we should talk about considering that ETH hashpower is ATH and we are most likely at the end of transition phase soon.  |
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their trading volume is better than most small exchanges. however, when i read about their bounty hunters' problem, i got disappointed to how they handle things here and didnt bother to check their trading platform. btw, is their customer service good? i mean, for those who are using their exchange.
in time, we will see to what kind of exchange they will turn into...
So far they had good customer service and the support seem to know their stuff. But on the other hand they are still a small exchange so i am not sure how prepared they are to scale it up and what kind of customer service they give after that. But what comes to volume, that could be happening for several reasons. I am more interested in market makers and the liquidity they provide. |
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Where did you get the whitepaper?
It's a bit surprising for me to see that with a very long time of ico and the team can get only small money
Can you drop me the link?
Sure: https://nominex.io/docs/nominex-whitepaper.pdfNow i must add that i am not saying that NMX would be a good token to hold, i am just saying that i think that their call on slowly releasing bounty tokens was better tokenomics and was better for investors and most likely will be to bounty hunters too. Future will show us if token holders will get airdrops or discounts from possible ieo prices or something... But i don't think that cutting trading fees or staking should be only perks for holding. |
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I thought I am the only one, I keep shifting my tab to see if it is available to withdraw, this is the best Binance faucet, yes it's just a small amount, and the value of Binance is not that high, but we never know two years from now, what we are claiming now could be worth 50 cents and you will thank yourself for persistently claiming the free boxes.
I like your way of thinking. But wouldn't that mean that you would be way better of just to buy it with what ever you got. Because even if you were poor, 5$ would be significant amount of money in the future if your prediction was correct. |
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I believe this BFG token will be valuable in the future as the platform itself is really getting good interest from the gamblers here.
This casino is innovating and keeping the interest of their players. So those who are selling at auctions will regret later on.
I don't really care if it has a low market value after listing. I'll be setting low limit buy orders for just in case there's a liquidity problem and price crashes. It's all a win-win for me if few bfg whales decide to cash out. |
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Sometimes what happens is not normal ...  Oh wow, some people really either believe bitcoin to go insanely high or they don't believe BFG at all. Well as these are burned, it's more BFG for us. Was this today by any change? |
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I'm keen to know what the general consensus is on the value and utility of all the tokens that exchanges and crypto portals release. Are there too many of them in the market? Or is there an obvious market need that such tokens serve?
Term "Exchange tokens" covers lots of exchanges that decided to make their tokens for various reasons. So doesn't the quality of the token purely depend on the exchange and why they made it for? For exchange bnb token is used for binance smart chain. It's a little different from many others. |
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Why would BFG tokens be listed on exchange? They are obtained through gambling and gives dividends. If someone would simply buy them on exchange, Betfury will lose funds, which player could potentially lose, however, they will be forced to share their dividends with him.
To be able to cover such losses, Betfury must set as high as possible price (if they set the price low, many would buy them simply to get daily dividends and the amount distributed will be drammaticaly decreased), and also freeze users from withdrawing all of their BFG tokens, because it will simply destroy economy.
I am sorry, but what's your reasoning behind this? Tokens that will be sold in exchange are the same exact tokens that gives dividends right now. They are not creating new tokens just to sell them in exchange and dividends won't dilute any more then they are currently diluting by mining. |
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Why do you call it "bounty hunter dumping" ? Do they actually have enough tokens to dump the price? Above, you have said I'm confusing total and current circulating supply. What is % of all circulating tokens do bounty have right now?
What can you about token price being already dumped, before (usually few days before) distribution? This is also a frequent situation. Again bounty hunters are responsible for that?
According to whitepaper, they sold 164,022 tokens. And if i recall correctly, first price level in IEO was ($0.1) per NMX. So i actually would be very puzzled if they wouldn't sell for 20x profit, especially if they are staking their tokens and just selling those. Also according the whitepaper nr of bounty or won tokens was 7,341,634 NMX, so there's no change that they could set up a buy wall for that with the amount of money they collected. Circulating token amount you can see in the contract address. Why do people blame hunters for dumping? What they do is just selling their rewards aka trading. They are bounty hunters, not bounty hunters-holders. If they know that the project is perspective, they will never sell rewards. But those who does are they one who are short of fiat money, impatient, dont care about project. These kind of hunters usually dont have a lot of tokens/coins to dump the price. These are social media bounty hunters, who got $5-30 worth tokens. Do these kind of hunters able to dump?
There are ton of different kind of bounty hunters working for different reasons, but a huge amount of them are from poor countries and would sell at any price that seems low to you because that's a lot of free money for them. I've even doxxed one cheater in the past that had outsourced his work. He was basically paying others to write stuff for him. For some of them btc is a scam, or they don't give a crap about crypto and they just want their free money as fast as possible. There was a time when you could farm btctalk accounts and use all of them for different signature bounties for example and there are ton of bots trying to do telegram campaigns. So when someone has tens of different bounties going on simultaneously they don't really give a shit about the price action of one single token that's probably going to be scam anyway, because they already know that large amount of projects are involved in are going to be exit scams or useless projects. |
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Are you part of the Nominex team?
No, i invested and did their bounty too on another forum. If you are worried about bounty participants selling all their tokens causing the token price to fall, you can pay with other tokens such as ETH, USDT, XLM or any token available on the Nominex exchange. if Nominex does not have enough funds, why do they hold a lot of competitions with big rewards, without saying the reward will be locked for 1-3 years.
Did you read what i just wrote? They didn't raise too much money so from what secret stash exactly they would pay you from? Also, they are only sacrificing 10% from those "big" rewards as it goes to trust account and if you lose -10% your price money will get liquidated. I don't know the source who is supplying that money to them. But that isn't from ICO money, because they didn't raise that much, that's for sure. Sorry, do you think bounty participants can only sell their tokens after reward distribution? You underestimate the bounty participants, not all bounty participants are like that. if the project we support has good potential, of course we will hold it, we are not too stupid to sell it cheaply.
Bounty hunters dumping their ico tokens from the start has been the tradition especially in the bear market. And when this one was rising money, markets weren't yet back to full bull mode. And saying "not all bounty participants" is irrelevant, as most of the time they don't bring buy walls either. I would say there are few ways to choose, and they are choose the very wrong way. That was a good option to do, if they did, the case would really be over, and hopefully his reputation will return after that.
Until now they promise "daily unlocked" but none of the locked tokens are unlocked.
They have stated that they start unlocking from March 25th. |
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... I think that if it is established at $ 1, it could not be maintained, if I have seen how in the auctions for many BFGs they change them for few satoshis, perhaps right now they will not see the potential of the BFG, but in the long term it will give good results.
$1 seems high right now, but this all depends how the tokenization/burning is done in the future and what's the money inflow is going to be, because right now i am getting a more bnb with staking then i was anticipating. And there will certainly be people who will try to sell to any buy wall there is, no matter how low the buy wall is. But i am pretty sure that there are more people like me who are looking these crazy auction sells wishing that they could buy with those prices. |
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another idea, probably can also be used to create spotify but in blockchain
okay while at it, netflix but on blockchain
how about a file sharing service on the blockchain using dcore
or maybe wish but on the blockchain, could be a good idea too
Make up your mind, these can be put into one message if you don't want to get kicked for spamming. Also, why would any of these need a distributed ledger? Because that's what the blockchain is. It's not something you put magically into everything. That doesn't make any sense. It's expensive and bulky solution and more then often impractical compared to any centralized solution. |
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How can locking around 69500/200000000 tokens would protect its price? Bounty hunters has far less than 1% of all circulating supply.
Of course hunters are not "project supporters" anymore. Because no one want to support the project, that does not keep their promises.
At work, if the boss decides to lock your salary and give you 1/30 of it daily (saying he will protect your money, because you might accidentally spend a lot), would you still work hard?
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Calculate bounty pool by yourself and answer yourself, do bounty hunters really capable do dump the price to $0.01 ? If they can do that - then this Nominex if worthless, if this can be done so easily. If I were an investor, I would be happy to buy cheap token from bounty hunters.
Somehow you are calculating the max supply and not the circulating supply. That's not how math works. And original plans changed in many ways. First they were supposed to burn unsold tokens. This however wouldn't have solved lack of liquidity. I can't remember how much they sold in their "ico" or what ever it was called, but there was disproportionately way too much bounty tokens compared to sold ones if i recall correctly. Price would have been crushed from the start so they decided to lock bounty tokens. DeFi farming was created to save the price and reward the liquidity providers, and those guys would have been most likely scared away from the start when people would have instantly either sold everything or mass sold their 50% to get usdt for farming. |
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Yes, it is a great addition, I do not know if they have also thought about adding ADA, it is taking a lot of strength and playing with ADA feels very comfortable, of course BNB has excellent support, because Binance gives a lot of confidence, also if they have more cryptocurrencies in the casino, attracts fans of the same, ADA has many followers just like TRON.
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I am sure they are considering adding ADA, it's just a matter of time, but speaking about good addons, i would gladly see some L1 protocol coins with lower marketcap but good fundamentals. Like XLM, FLOW and NANO (there are many of them but those came just from a top of my head) |
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I will never trade on this exchange and will ask and warn my friends not to trade here because of their behavior, they are not fulfilling what they've promised, this is deception, they can change the rule but not the kind that they will deny bounty hunters rewards and lock it for one year Totally agree with you. I was also disappointed with the team's attitude towards its supporters, their supporters (bounty participants and participants in trading competitions)were the first users of the exchange and project supporters, but received disappointing awards (rewards locked for 1 to 3 years). better to trade on a more user-friendly exchange. Cry me a river. By unlocking them slowly in 1 year, they are protect your token price (that you got for free btw). And what you are currently doing isn't helping anyone so i am not seeing you guys as "project supporters" in any way. You probably never were. Because if you had bought the tokens you would be in favor of this. I guess in some ways i understand your need to dump it like most bounty hunters do, as it would be your right for paying absolutely zero money, compared to those that actually participated to sale. And as much it would be fun to see you dumping it with $0.01 price and buy it, luckily they are doing you a service and if you had taken a look at their tokenimics, you would see that this is an only meaningful way to proceed. And about that 3 year rule... The fact that you didn't earn enough with your usdt trust price in the competition and you need to while about additional NMX prices makes me think that you won by an accident in a first place and you shouldn't really win trading competitions. |
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