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

[pawanjain]

~

No. 25% is the increase of the interest on the BTC balance. Normally you get a daily interest corresponding to an annual interest rate which is 4.08%. If you keep 500000 FUN after one year the annual interest rate will be 5.10% (because 4.08x1.25=5.10).

This isn't one of the big selling points unless you intend to keep a good amount of BTC for several years on the site. With compounded growth it could grow to be a nice amount if you're willing to wait.


Today, I got my third 5000 sat prize in less than two months from the wheel of fortune. I'm still hesitant about trading my BTC for some lower top 100 altcoin, but if you do the math you are practically guaranteed to earn it all back within a relatively short time period.

Third 5000 prize is really good achievement for you because in recent I never have any big prize from this site mostly going with 50 RP Lottery Tickets and Satoshies but you done good job nearly 5$ prizes not bad at all your luck is high so you can do some more good for you right now.

Yes you are right. It's great to get such odds recently. The last time I got 5000 Satoshis was more than 4 weeks ago.
Wait a minute, I just made a meme for this right now. LOL  This is exactly what's happening right now.


 

[jaysabi]

Honestly, seems more risky than not. I've done some really rough math and the break even point on the different tiers of FUN are pretty long, and that's assuming it holds value consistently, ~

No, that's assuming you only looked at the interest bonus and forgot to include all the other benefits in your calculation.

I looked at WOF spins primarily, as that's what I see as the biggest perk of the program. The extra interest doesn't amount to much by comparison.  Here's what I calculated:

At 5000 Fun tokens, the cost is currently 500k sats (it was more when I did my initial calcs too).  After a month you get 3 extra WOF spins and it scales up to 6 daily WOF spins after a year. For the sake of simplicity, I'm just going to calculate 6 extra WOF spins from the start.  WOF spins are generally worth 50 sats.  Either you get 50 sats or 50 rp which given enough time you can convert to 50 sats if you make it to 100k rp.  Sometimes you get more sats on a spin, but sometimes you get lottery tickets too which in all likelihood translate to 0.  So expecting 50 sats per spin is reasonable and I would say necessary when you're calculating time to recover investment. 

At 6 extra spins a day, you're looking at 300 sats as the extra perk.  On a 500k sat investment cost, that's 1667 days, or 4.56 years.  And that's only if FUN holds the value you bought it at.  Taken that as a given, it's not a compelling investment given the risks.  I think you can get more perks at much higher investment costs, but honestly, that's even more risky in my view, so I calculated on what seemed like a reasonable test tier.

Happy to hear any input on where you think I've made an error in logic or if I'm missing something about the program.

[Poker Player]

~snip

Normally these types of promotions try to build customer loyalty by giving them supposed benefits that often are not such. I am not saying that this is specifically so in this case or not, I leave the mathematics to you and others, because as I said above I am not a gambler.

I think that the success of the promotion will depend a lot on how the price of the token evolves, which, btw, has cooled off quite a bit after the initial jump.

[sana54210]

this risk involved in such investments, purchases, and holdings will not be lost.  This site also does not guarantee that we will earn or lose in the program we entered.  Let's just imagine that there is a reward for joining their program.  The benefits available, of course, if you want to have a higher percentage you also need the higher purchase.  So, before entering, be prepared and know the possible consequences.  Its success also depends on yourself how you handle it.

I think the point of this is not to buy fun and hold it and sell later for bigger amount, it is not an investment towards fun, it is an investment towards freebitco.in itself instead.

Definitely we are not in a situation where fun is cheap and we do not spend anything on it, we still spend some money on FUN but the reality is that you get so much in return for it, which means if you have the money for it and buy FUN token at the most amount you could possibly afford, and you end up with the best returns from freebitco.in thanks to that?

You could simply work 12 hours a day everyday for a year and may end up earning enough to live with it. That is the point here, you basically spend a bit first but then you get it back and then some. Think about it this way, it increases even your investment rate and if you invest a ton of money you could make it back within under a month. It is really good if you will use it, not so much needed if you are not active around here.

[mindrust]

What's the deal with FUN tokens? Did freebitco.in implement these tokens because bitcoin became too high in value? If so maybe implementing LN would have been a better idea. I admit LN is too much trouble for the devs maybe that's why avoided it.

Or maybe It was a better idea to bring freedogecoin back. This is the first time I heard about FUN tokens tbh.

I can't lie having another coin in the website is a good idea, sure it is something you should do and the way you have used FUN tokens are very nice, but I am still very much against doing it with FUN and not something else. Do not be mistaken, I love "how" it is done, that is not really the part I am concerned with, in fact that is the part I love and definitely support 100% without interruption.

Only part I didn't like is the fun part, because that is not fun at all and not a big known one neither. If you want lower one Doge would have done but you have talked about how you didn't liked doge so you could go with tron? It is cheap, it is instantly transferred and there is nearly no transaction fee as well, that is why I personally would have preferred that. Obviously I would rather have the giants like ETH if I could but I understand why they may have been harder to implement.

Watch how FB will become "Free Fun Tokens" as the price of bitcoin rises then.  They should have implemented the Lightning Network to prevent that route from happening imo. If Bitcoin keeps rising 1 satoshi wwill be more valuable than "$0.0020" which they give for 5 satoshis now.

[shield132]

this risk involved in such investments, purchases, and holdings will not be lost.  This site also does not guarantee that we will earn or lose in the program we entered.  Let's just imagine that there is a reward for joining their program.  The benefits available, of course, if you want to have a higher percentage you also need the higher purchase.  So, before entering, be prepared and know the possible consequences.  Its success also depends on yourself how you handle it.

I think the point of this is not to buy fun and hold it and sell later for bigger amount, it is not an investment towards fun, it is an investment towards freebitco.in itself instead.

Definitely we are not in a situation where fun is cheap and we do not spend anything on it, we still spend some money on FUN but the reality is that you get so much in return for it, which means if you have the money for it and buy FUN token at the most amount you could possibly afford, and you end up with the best returns from freebitco.in thanks to that?

You could simply work 12 hours a day everyday for a year and may end up earning enough to live with it. That is the point here, you basically spend a bit first but then you get it back and then some. Think about it this way, it increases even your investment rate and if you invest a ton of money you could make it back within under a month. It is really good if you will use it, not so much needed if you are not active around here.

It's very bad that there is a significant lose in FUN's price after launching the massive signature campaign on this forum and not only on this forum, I guess they started massive marketing around this project. The begining was the time when this coin should increase, even a little bit in value but it hugely lost value today. Bitcoin went very high, so I think people who invested in FUN token may sell it and hold bitcoin but once the bubble bursts, they may move on FUN. Let's wait and see what will happen, I still think that FUN can be the best recent investment choice, do not panic.

[arallmuus]

which means if you have the money for it and buy FUN token at the most amount you could possibly afford, and you end up with the best returns from freebitco.in thanks to that?

Its a great benefit if you are active on freebitco.in but some people probably purchase it on exchange and has no intention to use it on the site.

. The begining was the time when this coin should increase, even a little bit in value but it hugely lost value today.

FUN Token is not a new token and it was launched in 2017 so there are already several bag holder for this token even before freebitco.in started to integrate with FUN. Some of those previous bag holder will be selling their stash after the price increase because of the hype so its kinda normal though. Although btc price increase play a major role on this but I'd say some people are probably selling their stash

Its over 200% price increase for FUN in the last 30 days so yeah

[HeitorMessias]

Hello everyone, I read the FUN token information several times, and I would like someone to answer these questions.


1 - What is the link to see the FUN token blockchain? I want to see information like maximum supplement, richlist, transfers...

2 - The rewards program starts on the 15th of the next month, however, whoever buys FUN until the 15th of this month, will already have the benefits of a '1 month holder'?

3 - After the start of the rewards program, will it be possible to sell FUN within the site freebitco.in ? I don't have an account on the exchanges in which the currency is listed, this site is more safe than exchanges, just another issue of comfort for the user.

4 - Wheel of fortune, Is there any way to check the honesty of this game? Is it possible to do it with the seed parameters used in 'bet hi bet low'? There are 15 possible prizes, '3 biggest prizes, rolex, iphone, 500usd', by the logic of probability if a person has 16 free spins per day, at least they will win a rolex and an iphone per month.

5 - After the 15th, will it be possible for the user to be able to FUN holers sell their lottery or lambo tickets? Despite the chance of winning good prizes, if it is possible to buy these tickets, it would be fair that they could also sell them, so it could be said that 100% of the prizes in this modality are real wins, and not just possibilities for an extra win.


I really liked the FUN project, I would like to clarify these points that I did not find an answer for, so that I buy an adequate amount of tokens.

[soslex]

~snip

1 - There is no FUN token blockchain. FunFair is an ERC20 token, which don't have their own blockchains. These tokens reside on the Ethereum blockchain, are stored on Ethereum addresses, and sent using Ethereum transactions. This link: https://funfair.io/the-fun-token/ gives information about the total FUN in circulation, held by founders, etc.

2 - Only if you purchased the FUN 30 days before the start of the program, which would be February 13th.

3 - From the information page about the premium program: "After 15th March, when the Premium Program goes live, you can deposit, withdraw, and sell your FunFair tokens at FreeBitco.in. This feature will be activated only after launch." Not sure exactly what they mean by "sell", but it probably means you can trade your FUN for bitcoin on the freebitco.in site.

4 - There's a verify button you can click after every WOF spin.

5 - You'll have to get an answer from TheQuin, but I doubt it.

[arisatox]

4 - Wheel of fortune, Is there any way to check the honesty of this game? Is it possible to do it with the seed parameters used in 'bet hi bet low'? There are 15 possible prizes, '3 biggest prizes, rolex, iphone, 500usd', by the logic of probability if a person has 16 free spins per day, at least they will win a rolex and an iphone per month.

there are 1 billion possible results. only 1 is for the rolex. out of the top prizes you posted they account for 41 i think it was out of the 1 billion, so no, you will not win one of those every month

[dwyane36]

Hello everyone, I read the FUN token information several times, and I would like someone to answer these questions.
1 - What is the link to see the FUN token blockchain? I want to see information like maximum supplement, richlist, transfers...

You can use the link provided above by soslex or use etherscan explorer to find more information about this token, such as market cap, total supply, list of holders, transactions, list of exchanges, and also contract information.

[HeitorMessias]

4 - Wheel of fortune, Is there any way to check the honesty of this game? Is it possible to do it with the seed parameters used in 'bet hi bet low'? There are 15 possible prizes, '3 biggest prizes, rolex, iphone, 500usd', by the logic of probability if a person has 16 free spins per day, at least they will win a rolex and an iphone per month.

there are 1 billion possible results. only 1 is for the rolex. out of the top prizes you posted they account for 41 i think it was out of the 1 billion, so no, you will not win one of those every month

I'm not an expert in mathematics, but the chances of winning the rolex is not 1 in 1 billion, the correct is 1 in 15, this is the logic of probability (if it is FAIR game). I have already ordered a study for a friend who knows how to perform this type of mathematical operation, so that I can come here to expose my doubt more clearly. I know that probability is not an exact science.

[soslex]

I'm not an expert in mathematics, but the chances of winning the rolex is not 1 in 1 billion, the correct is 1 in 15, this is the logic of probability (if it is FAIR game). I have already ordered a study for a friend who knows how to perform this type of mathematical operation, so that I can come here to expose my doubt more clearly. I know that probability is not an exact science.

You don't have an equal chance of winning every prize. If that were the case we could all quit our jobs and just spin the WOF once a day every day until freebitco.in went bankrupt.

Since you have an equal chance of rolling each number (except 0 and 1,000,000,000, each of which is 0.5 times less likely than all other numbers to hit), You can calculate the odds of winning each prize from the table below.

[ReiMomo]

Hello everyone, I read the FUN token information several times, and I would like someone to answer these questions.
1 - What is the link to see the FUN token blockchain? I want to see information like maximum supplement, richlist, transfers...

You can use the link provided above by soslex or use etherscan explorer to find more information about this token, such as market cap, total supply, list of holders, transactions, list of exchanges, and also contract information.

Thanks for this link, I saw the FUN token in Binance it showed a good increase in the price, I guess the early investors will surely gain profit for this investment. I'm just asking this because maybe there will be a chance that the token will list on a decentralized exchange? Are there a social media where we can follow any of those announcements?

I heard many recommendations that it is good to invest in this FUN token, I guess, I will try to hit some of what I can afford.

[FinneysTrueVision]

I looked at WOF spins primarily, as that's what I see as the biggest perk of the program. The extra interest doesn't amount to much by comparison.  Here's what I calculated:

At 5000 Fun tokens, the cost is currently 500k sats (it was more when I did my initial calcs too).  After a month you get 3 extra WOF spins and it scales up to 6 daily WOF spins after a year. For the sake of simplicity, I'm just going to calculate 6 extra WOF spins from the start.  WOF spins are generally worth 50 sats.  Either you get 50 sats or 50 rp which given enough time you can convert to 50 sats if you make it to 100k rp.  Sometimes you get more sats on a spin, but sometimes you get lottery tickets too which in all likelihood translate to 0.  So expecting 50 sats per spin is reasonable and I would say necessary when you're calculating time to recover investment.  

At 6 extra spins a day, you're looking at 300 sats as the extra perk.  On a 500k sat investment cost, that's 1667 days, or 4.56 years.  And that's only if FUN holds the value you bought it at.  Taken that as a given, it's not a compelling investment given the risks.  I think you can get more perks at much higher investment costs, but honestly, that's even more risky in my view, so I calculated on what seemed like a reasonable test tier.

Happy to hear any input on where you think I've made an error in logic or if I'm missing something about the program.

You are assuming that the odds of winning 5000 sats are 0% but it is above 1%. At 6 spins per day you should win 5000 sats more than 20 times in a year. That's 100k sats and 100k reward points in a year. There will also be smaller prizes that could give you another 100k sats and 100k reward points per year. Plus, you'd also be getting interest on sats you otherwise wouldn't have.

Thanks for this link, I saw the FUN token in Binance it showed a good increase in the price, I guess the early investors will surely gain profit for this investment. I'm just asking this because maybe there will be a chance that the token will list on a decentralized exchange? Are there a social media where we can follow any of those announcements?

It is already listed on decentralized exchanges.
https://coinmarketcap.com/currencies/funfair/markets/

The FunFair team has an official twitter (@funfairtech) and reddit (r/funfairtech).

[TheQuin]

1 - What is the link to see the FUN token blockchain?

It is an ERC20 token to it runs on the ETH blockchain.

2 - The rewards program starts on the 15th of the next month, however, whoever buys FUN until the 15th of this month, will already have the benefits of a '1 month holder'?

Only if you have held them for one montyh.

3 - After the start of the rewards program, will it be possible to sell FUN within the site freebitco.in

Yes. When it goes live on 15th March if you bought from us you can sell back to us.

4 - Wheel of fortune, Is there any way to check the honesty of this game?

Yes. It is a provably fair game with a link to verify your spins.

5 - After the 15th, will it be possible for the user to be able to FUN holers sell their lottery or lambo tickets?

No. That's not how lotteries work. It is the same in all forms of gambling. All bets are final and no refunds are given.

Watch how FB will become "Free Fun Tokens" as the price of bitcoin rises then.  

That's not going to happen.

They should have implemented the Lightning Network to prevent that route from happening imo. If Bitcoin keeps rising 1 satoshi wwill be more valuable than "$0.0020" which they give for 5 satoshis now.

I've finally persuaded wetsuit to take a serious look at LN. It came from a discussion we had recently about our dust problem (229 BTC that's too expensive to consolidate).

First, we'll add Lightning Network deposits and after that's been running for a while we'll start charging a very small fee for sub 30,000 deposits via the blockchain to pay for the consolidation.

[UserU]

Having to transfer those FUN tokens from an exchange would incur 15 dollars in fees, oh god.

I hope it wouldn't remain this way on the 15th March.

[Timelord2067]

I've finally persuaded wetsuit to take a serious look at LN. It came from a discussion we had recently about our dust problem (229 BTC that's too expensive to consolidate).

I'll gladly open a Lightning Network channel to freebitco.in once the option becomes available. As to sweeping the dust, can't just you just sprinkle a small amount via every withdrawl?  It might take a little while unless you wait for an opportunity when fees are low and you can sweep some/most dust in a series of transactions.

[TheQuin]

I've finally persuaded wetsuit to take a serious look at LN. It came from a discussion we had recently about our dust problem (229 BTC that's too expensive to consolidate).

I'll gladly open a Lightning Network channel to freebitco.in once the option becomes available. As to sweeping the dust, can't just you just sprinkle a small amount via every withdrawl?  It might take a little while unless you wait for an opportunity when fees are low and you can sweep some/most dust in a series of transactions.

It is just a question of how much of the value we are prepared to pay to move it. If it costs more than 0.5% of the value then we leave it where it is. Because we consolidate 50 deposits at a time and apply that 0.5% limit to the total value that means bigger deposits pay to sweep smaller ones. My plan is that after LN is active we can deduct 400 Sats from new dust deposits and that will pay to consolidate itself + one old dust deposit.

[STT]

229 BTC       Thats a heck of a problem to have, wow.     I hope LN becomes more of an ordinary thing in use.

the correct is 1 in 15, this is the logic of probability (if it is FAIR game).

The thing to consider here is the assumptions in the question.    A wheel is normally equally weighted at all points but in this case its virtual so some sections of this wheel have far more weight to them then others.    Even in a real casino they have to be extremely careful to avoid bias and wear in the roulette wheel, apparently it does occur naturally that bias develops to certain numbers.    I think on the TV show wheel of fortune it was so large they just placed more cards around the wheel to represent rare or likely events, in this case Rolex is so rare that wouldn't be possible.
  From the chart above, 50rp is about 30% likelihood outcome I think which still makes it alot better then the faucet for me & on 365 spins I get this 110 times maybe (zero and 365 also being possible :p).  I'd be happy with any of the golden ticket outcomes also so collectively thats a range of 174,999 which if we have 1 billion equal weighted possibles is 0.0175% so thats going to need alot of luck.   My best result I got twice was 5000 satoshi and presuming Im not placing the decimal wrong thats like 1.33% chance each day or like 1/3 mil Satoshi on average per year if you maxed the premium benefits out.