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[uneng]

A strategic quarterly burn of 50% of any profits ensures that the FUNToken retains value into the future.

What profits are they talking about? Can anyone explain?

FUN tokens are pre-minted with no further issuances in sight. There is a maximum supply of 17 billion FUN tokens created in an official FUN pre-sale on June 22, 2017. More than 80% of all tokens were distributed to industrial investors and purchasers during this pre-sale event.

Ok, so 80% of 17 billion is equal to 13.600 billion, correct? This was the amount distributed to early investors.

While 11.173B of the minted tokens were reserved for a second pre-sale, it was later removed from the schedule. More than half of these reserved tokens (55%) were burned, as they were categorized as surplus. The remaining 4.7B tokens were transferred to new owners in 2021. The supply is now fixed (no more can be minted) and is reducing with the quarterly burn.

Then how could 11.173 billion tokens be reserved for a second pre-sale, since there were only 3.400 billion tokens left, considering 80% of the tokens were already distributed during the previous pre-sale?

Trading supply is further reduced 1:1 with all XFUN tokens issued on Polygon so as the usage of XFUN increases so FUN trading supply will reduce.

As supply continues reducing, the chances of seeing FUN increasing in price become more real, although it should be also a good idea to decrease interest rates paid to stakers as well, since heavily inflated rates don't help making the token's price rise within time. Anyway, to better understand FUN's supply the above points have to be further explained and enlighted.

https://coinmarketcap.com/currencies/funtoken/

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[STT]

Fun is a very risky coin to hold and hold.

Its not too risky if you are using it everyday in some capacity which every long term member would be.   As far as development there has been new websites that use FUN but they are separate to the main site, I think they advertised on the main site.
There is going to be a two tone view to performance because so far as I read the token itself is deflationary (a good thing vs inflationary etc.), ie. the base currency is rising in its unit worth and every burn of the token is doing that deliberately.   I wont go into it too much but its relatable to many types of assets you could buy, however what is quite normal is the market price is different to that base worth.   I think the profits they refer to is the site itself in normal operations, so you get your free wheel spins and that payout is random but also direct immediate and visible to you but also they are burning tokens which does in turn help your base case to hold FUN its a good thing basically however its indirect and more long term not immediate.  
   Theres the utility and kind of yield you can get to FUN, it gives benefits so that is a worth.  The base amount of units of FUN is a capital worth but most visible but arguably least important is the worth markets attribute as a labelled price, always the market can do whatever it likes separate to other views.  A free market has to serve the hourly supply and demand for the token and various amounts of liquidity.   If everyone buys and holds its going up, if everyone sells the price to excess supply in market vs demand will go down and all that is normal.  We could be talking oranges instead and the price of that and it'd be the same deal; it doesn't mean you aren't just good to use the orange, hopefully you get what I mean its not a linear flat consideration.

[dwyane36]

I think it is very likely that we end up in the range close to $50k. And what's interesting is that many bettors on freebitco.in think the same:

~

To me it's not even that interesting to bet with 2.97 odds. So my bet went to this range, $50,001 - $55,000:

The BTC price has looked so bullish in the last few days, and it seems that the $50k level can be easily broken soon. So I also think that the range of $50k to $55k, as well as the range of $55k to $60k, looks tempting to place a bet even though there is still quite a lot of time before the end of the month.

[FinneysTrueVision]

A strategic quarterly burn of 50% of any profits ensures that the FUNToken retains value into the future.

What profits are they talking about? Can anyone explain?

FUN tokens are pre-minted with no further issuances in sight. There is a maximum supply of 17 billion FUN tokens created in an official FUN pre-sale on June 22, 2017. More than 80% of all tokens were distributed to industrial investors and purchasers during this pre-sale event.

Ok, so 80% of 17 billion is equal to 13.600 billion, correct? This was the amount distributed to early investors.

While 11.173B of the minted tokens were reserved for a second pre-sale, it was later removed from the schedule. More than half of these reserved tokens (55%) were burned, as they were categorized as surplus. The remaining 4.7B tokens were transferred to new owners in 2021. The supply is now fixed (no more can be minted) and is reducing with the quarterly burn.

Then how could 11.173 billion tokens be reserved for a second pre-sale, since there were only 3.400 billion tokens left, considering 80% of the tokens were already distributed during the previous pre-sale?

The profits that contribute to token burning is from Dplay and Xfun Bet.

I believe what they mean by 80% is the amount sold of what was reserved for the ICO. According to Cointelegraph, 21.3% of the supply was sold in the ICO. This would have been 3.6 billion tokens sold and would have meant that only 4.5 billion tokens were reserved for the first sale. After advisors and founders got 14.4%, the foundation that launched the token would have had a bit under 11 billion unsold tokens remaining, but depending on how they rounded the percentages mentioned in the article, it might have been exactly 11.173 billion that remained with them.

https://cointelegraph.com/news/funfair-fun-gains-183-as-the-blockchain-based-gaming-industry-grows

[shield132]

If a new user wants to get free sats based only on the title of the site, he will obviously be disappointed after registration. At least because it would take him a huge amount of time to accumulate the minimum amount of sats(30k) for withdrawal. So I would say that now the faucet on freebitcoin performs mainly as a marketing feature rather than what it was 10 years ago.

Maybe that's the reason why many freebitcoin users are not very active from the many registrants on their site because maybe they as new registrants will be a little lazy because of the small results they get every hour plus they have to use Captcha to claim free spins every hour, I've heard there are several reasons why my friend never actively uses this site anymore even though he used to be very active on this site to claim free spins, but he stopped because he was discouraged on this site, even though I think all users have the opportunity to get lots of prizes.

Freebitco was a very attractive website to collect free bitcoins years ago when they were giving away 1 bitcoin per hour. Now they focus on a $200 giveaway per hour and Bitcoin's price is so high that the reward becomes very small. Freebitco is still a very nice website if you buy FUN, hold it and roll free spins every day, you'll also get some cashback on your wagering. If you are lucky, you can win a big reward in a lottery with a small number of tickets that is easy to obtain btw.

With the bull run coming, I was expecting that we should be bullish on the price of FUN Token, rather than be negative, i currently hold no single fun token but over the week, I was thinking of saving out some funds to buy some fun tokens and hold alongside some other altcoins I am hoping will go well in the coming bull run.

Fun token is already listed on some really good exchanges like binance, I wonder why the FreeBitco team seems not to be so interested in getting it's price  up, there are alot of innovative ideas they could bring together to build, which will have a great impact on the price of FUN, Fun shouldnt end up Like BFG where it's investors also seem to be regretting investing in the token, as the team seem not to be doing anything that will raise the price of the token up.

I am trying to be positive. If fun reaches a new all-time high, then a person who invests in it today, will increase their investment more than 12 times. It's true that FUN is listed on top exchanges but does anyone know why Binance removed FUN/BTC pair? There is only FUN/USDT and FUN/ETH pairs left for trading.

[TheUltraElite]

The BTC price has looked so bullish in the last few days, and it seems that the $50k level can be easily broken soon. So I also think that the range of $50k to $55k, as well as the range of $55k to $60k, looks tempting to place a bet even though there is still quite a lot of time before the end of the month.

Hehe, I hope the sexy number of 69k USD get broken soon and we will be holding on a new record all time high then. However its a long path to that from 50k and 50k USD itself needs to be touched.

What I saw from the charts, 48k USD was a resistance point where immediate drop happened and hence there are selling order at that level and it will be difficult to cross that. Even if it does cross, which it seems have done this morning, 50k USD will undoubtedly have its own selling pressure and every 5-multiple after that.

Hence making a prediction of breaking 50k does bring in some turned eyebrows.

[piebeyb]

I think it is very likely that we end up in the range close to $50k. And what's interesting is that many bettors on freebitco.in think the same:

~

To me it's not even that interesting to bet with 2.97 odds. So my bet went to this range, $50,001 - $55,000:

The BTC price has looked so bullish in the last few days, and it seems that the $50k level can be easily broken soon. So I also think that the range of $50k to $55k, as well as the range of $55k to $60k, looks tempting to place a bet even though there is still quite a lot of time before the end of the month.

But if they are not able to break above $49k it means the price will fall in the future until the halving occurs, but I think it would be too soon to look bullish at this time and some big people will gain a lot from the FOMO of the halving where currently all crypto is experiencing an increase not only bitcoin, that's why I haven't bet on predictions for now because it's still too early even though the Weekly and Monthly Charts are back up but I remain alert in this regard.

The price of bitcoin could surprise anyone even though maybe they can break it at $50k but we will see how the price of bitcoin will break it because it looks like maybe many will sell at $49k there so currently the price of bitcoin is showing a bullish trend but it won't be able to touch it for too long approaching $49k, if they are unable to rise it is certain that the price will fall again for a long time and it will take several weeks to recover. At least after the halving the price will rise again drastically until 2025. That is what is expected for now, waiting for the price to really show a real trend, not just manipulate the market.

[Get-Paid.com]

I believe what they mean by 80% is the amount sold of what was reserved for the ICO. According to Cointelegraph, 21.3% of the supply was sold in the ICO. This would have been 3.6 billion tokens sold and would have meant that only 4.5 billion tokens were reserved for the first sale. After advisors and founders got 14.4%, the foundation that launched the token would have had a bit under 11 billion unsold tokens remaining, but depending on how they rounded the percentages mentioned in the article, it might have been exactly 11.173 billion that remained with them.

https://cointelegraph.com/news/funfair-fun-gains-183-as-the-blockchain-based-gaming-industry-grows

Are you honestly saying all this by giving link to an article from 2021? 

[virasog]

Fun is a very risky coin to hold and hold. I invested in FUN in 2019 winter when Freebitco announced that it acquired Fun and was going to do some good things with it. I watch FUN and Freebitco since that day and there is not much done by Freebitco. Website looks the same as it was in 2016 with no new games, no ui/ux changes. This is the reason why FUN has been going down for years and it will only go further down if team doesn't use the upcoming bull run to launch many new games and build many projects around FUN, I think this is their last chance or otherwise no one will invest in dying coin in the future.

Well i agree that FUN is a risky coin for holding but isn't this true for most of the altcoins ? Except for bitcoin, name a coin which you think is worth and risk free holding ? Even in the past we have seen how the most trusted coins like Luna and FTX token crashed to Zero. If anything wrong happens with Binance, bnb too would dump to zero, so the risk is everywhere in altcoins.

However, if you compare the FUN tokens with other gambling platforms tokens, you will find that it leads in this race. It is the only token that is listed on Binance. Anyway, I am not saying that you can put all your portfolio in FUN tokens, but since the platform, Freebitco is alive and active, I assume there would be some highs for the FUN token in this bull market and that might be the right time to exit the token but right now you can have some to accumulate if you want.

[FinneysTrueVision]

Are you honestly saying all this by giving link to an article from 2021? 

I’m not sure what you’re complaining about. Do you have better sources you can provide?

Aren’t you the guy who got upset and put me on ignore when I called out your dishonest claims about FreeBitco.in and also lied about your own faucet being provably fair?

[STT]

But if they are not able to break above $49k it means the price will fall in the future until the halving occurs,

I agree on the pullback, 49k as a local top would be normal but I disagree on the duration of that pullback or the extent to its depth.  It would be normal to pullback and we expect to see that.  49k is 61.8% of the ATH just like 43.2k was a 50% of the ATH to low, for it to be a fault line and natural sell is normal and ok.   If we had not surpassed the last high this year of about 48k then I'd agree, thats a sign of weakness but the pattern to look for predicting the direction of the tide is higher lows and higher highs.  So we just got a higher high and we should be more positive in that context, even if we try to predict end of Feb month I would not expect too low now.    I was someone in Jan who predicted a low as possible but it was tried and failed, we resolved higher we can only estimate and observe the strength or weakness.  BTC is doing ok now even if or when we get the profit taking.

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[piebeyb]

But if they are not able to break above $49k it means the price will fall in the future until the halving occurs,

I agree on the pullback, 49k as a local top would be normal but I disagree on the duration of that pullback or the extent to its depth.  It would be normal to pullback and we expect to see that.  49k is 61.8% of the ATH just like 43.2k was a 50% of the ATH to low, for it to be a fault line and natural sell is normal and ok.   If we had not surpassed the last high this year of about 48k then I'd agree, thats a sign of weakness but the pattern to look for predicting the direction of the tide is higher lows and higher highs.  So we just got a higher high and we should be more positive in that context, even if we try to predict end of Feb month I would not expect too low now.    I was someone in Jan who predicted a low as possible but it was tried and failed, we resolved higher we can only estimate and observe the strength or weakness.  BTC is doing ok now even if or when we get the profit taking.

Yes, I'm still paying attention to the current price of bitcoin, so I'm not too interested in betting at this time and let's try betting later, when the bet is 1 minute before it closes, I will bet there so that there is no change in betting opportunities and can calculate profits, currently the price is still below $ 48k and It has risen but has not been able to touch the price of $49k because it seems there may be a little difficulty breaking through. There could be a strong downward push when it touches that level of $49k.

I only analyze daily, weekly and even monthly charts where what I see tends to decline but it won't be too long, I would be happy to bet later rather than rushing to bet for now, I also don't expect the price of bitcoin to be too low or even nothing will appear at all. any bad news will make the price of bitcoin fall, bitcoin is doing well but you have to be wary of investors or other traders who might take advantage of the FOMO of the bitcoin halving, actually the price of bitcoin should be above $49k but it seems the market still needs time to achieve it again. 

[RoundmasterKen]

Has Dplay fix been done? Heard some users experiences some issues, I wasn't among them, but I just thought I could ask

[dwyane36]

Yes, I'm still paying attention to the current price of bitcoin, so I'm not too interested in betting at this time and let's try betting later, when the bet is 1 minute before it closes, I will bet there so that there is no change in betting opportunities and can calculate profits, currently the price is still below $ 48k and It has risen but has not been able to touch the price of $49k because it seems there may be a little difficulty breaking through. There could be a strong downward push when it touches that level of $49k.

There are still ten days left to the end of the betting period, and I agree with you that placing a bet now may not be the best idea. However, the BTC price has already reached $50k and is trading around that level. If the BTC price can consolidate above $50k, then the ranges of $50k to $55k and $55k to $60k will be relevant for placing bets this month.

[FinneysTrueVision]

Has anybody else received this deposit bonus offer? I thought it was an interesting promotion that was generally available to everyone at the same time but couldn’t find any announcements on social media. Maybe it is like the 6 hour flash promo and appears randomly only to some users.

[piebeyb]

Yes, I'm still paying attention to the current price of bitcoin, so I'm not too interested in betting at this time and let's try betting later, when the bet is 1 minute before it closes, I will bet there so that there is no change in betting opportunities and can calculate profits, currently the price is still below $ 48k and It has risen but has not been able to touch the price of $49k because it seems there may be a little difficulty breaking through. There could be a strong downward push when it touches that level of $49k.

There are still ten days left to the end of the betting period, and I agree with you that placing a bet now may not be the best idea. However, the BTC price has already reached $50k and is trading around that level. If the BTC price can consolidate above $50k, then the ranges of $50k to $55k and $55k to $60k will be relevant for placing bets this month.

Exactly when the price of bitcoin has touched above $50k it means that the trend is likely to continue and it is easy to go even higher but it seems you still have to be careful with that, even though the charts are in an uptrend it could change to down, so it's not safe either. betting on betting predictions for now is better before betting actually closes. About a few minutes before the predictions close, it would be better to at least be able to place bets with betting odds that do not change when betting.

BTW talking about predictions in sports betting there seems to be something I just saw, I saw freebitcoin added some UCL matches there, it seems I missed this just saw that the UCL matches are on freebitcoin, has that been done a long time ago or recently, but it seems It would be interesting to add lots of championship leagues to FreeBitcoin, so not only in big leagues but also in other big championships so that there are more options for users to rotate their money there by betting on sports betting in addition to crypto price predictions. 

[FinneysTrueVision]

Has anybody else received this deposit bonus offer? I thought it was an interesting promotion that was generally available to everyone at the same time but couldn’t find any announcements on social media. Maybe it is like the 6 hour flash promo and appears randomly only to some users.

https://www.talkimg.com/images/2024/02/13/vKRJg.jpeg

- I neither have received that offer, nor read about that possibility. Can you publish its rules?

If you are familiar with the Multiply BTC bonus that is offered once you’ve wagered a certain amount, this is very similar. Once you activate the bonus and make a deposit, your deposit+bonus is locked and you have to wager 25x that amount to unlock it. Only a max of 10% of your original locked balance counts towards the wagering requirements in a single bet. Jackpot bets count fully towards the wager requirement.

[Fivestar4everMVP]

Has anybody else received this deposit bonus offer? I thought it was an interesting promotion that was generally available to everyone at the same time but couldn’t find any announcements on social media. Maybe it is like the 6 hour flash promo and appears randomly only to some users.

I think this bonus offer isn't available to everyone but to some selected users, which I believe you happen to be among.
I usually most of the time, don't read the content of the promotional emails FreeBitco sends us everyday, I just open and straight away, I scroll down to the bottom of the mail and click the free spin  linked in the image to play it.
And to confirm or know if this same bonus was or is available to me, I've gone through all the promotional emails I received from freebitco up to 6 to 7 days ago, and I did not find any email with a deposit bonus offer for me.

So clearly, this deposit bonus offer is for some selected users.

[Mahdirakib]

Has anybody else received this deposit bonus offer? I thought it was an interesting promotion that was generally available to everyone at the same time but couldn’t find any announcements on social media. Maybe it is like the 6 hour flash promo and appears randomly only to some users. ~snip~

Have you gotten this deposit bonus offer on Freebitco.in? Or is it related to the sister site of Freebitco? I haven't seen Freebitco to offer this type of deposit bonus to their users in the recent years. But they are regularly sending such offer for the sister sites through their official promotional email.