tranthidung
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Farewell o_e_l_e_o
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April 21, 2024, 02:19:50 AM |
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The burning strategy doesn't work, because the amount of burned tokens is too small compared to the total supply available on the market. If they want to make FUN more valuable, they have to make it scarce, besides developing new usecases for it
Use case and utility of a token are main factors to make its value. Buy back and burn the token is only kind of spices but not main components for a token value. Because we can see that Bitcoin, Ethereum don't have buy back and burn but they still have very high value. Ethereum only began their Burn program some years ago (since the last bull market), not since its blockchain and ETH main net launch. Regarding to potential effects from Buy back and Burn program, it will depend on budget for the program, how long will it run and so on. Because it needs time to make exposure to community about the program, then big budget decides how many tokens will be burned. We need both to have good effects from Buy back and Burn, and obviously marketing is another important factor.
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SATWAT
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Activity: 868
Merit: 46
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April 21, 2024, 03:40:31 AM |
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The burning strategy doesn't work, because the amount of burned tokens is too small compared to the total supply available on the market. If they want to make FUN more valuable, they have to make it scarce, besides developing new usecases for it
Use case and utility of a token are main factors to make its value. Buy back and burn the token is only kind of spices but not main components for a token value. Because we can see that Bitcoin, Ethereum don't have buy back and burn but they still have very high value. Ethereum only began their Burn program some years ago (since the last bull market), not since its blockchain and ETH main net launch. Regarding to potential effects from Buy back and Burn program, it will depend on budget for the program, how long will it run and so on. Because it needs time to make exposure to community about the program, then big budget decides how many tokens will be burned. We need both to have good effects from Buy back and Burn, and obviously marketing is another important factor. This is ideal suggestion instead of burning or buyback they need to work on having some better use case of this token which will surely work better for keeping price at the better level as they are already having on few exchanges now it's time for them to have some talk with casino which will bring this token into their use which will surely increase the value of this token and things could be on positive. But right now we are having nothing about anything, hopefully team will give updates about this all in near future which will end this all-problematic talk, and we will be gone on better road.
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Everything has to end one day.
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Russlenat
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April 21, 2024, 06:57:19 AM |
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The burning strategy doesn't work, because the amount of burned tokens is too small compared to the total supply available on the market. If they want to make FUN more valuable, they have to make it scarce, besides developing new usecases for it
Use case and utility of a token are main factors to make its value. Buy back and burn the token is only kind of spices but not main components for a token value. Because we can see that Bitcoin, Ethereum don't have buy back and burn but they still have very high value. Ethereum only began their Burn program some years ago (since the last bull market), not since its blockchain and ETH main net launch. Regarding to potential effects from Buy back and Burn program, it will depend on budget for the program, how long will it run and so on. Because it needs time to make exposure to community about the program, then big budget decides how many tokens will be burned. We need both to have good effects from Buy back and Burn, and obviously marketing is another important factor. This is ideal suggestion instead of burning or buyback they need to work on having some better use case of this token which will surely work better for keeping price at the better level as they are already having on few exchanges now it's time for them to have some talk with casino which will bring this token into their use which will surely increase the value of this token and things could be on positive. But right now we are having nothing about anything, hopefully team will give updates about this all in near future which will end this all-problematic talk, and we will be gone on better road. The strategy would only attract investors if they project itself is having a great journey. It's not that the strategy in general would not work anymore, it's still based on the current value of the project and its development in the long run. I think they already have the right exposure as they are listed in a decent exchange, so if investors doesn't find a buyback or burning of coins, that means they aren't satisfied with how the project is going so far.
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Synchronice
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April 21, 2024, 07:42:32 AM |
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You are a little bit too much pessimistic in my opinion. Fun token team is doing token burning every 3 months, and more and more tokens are burnt each time. They don't plan to stop burnings while high returns investment plans on Freebitcoin and Binance won't last forever. So at some point, maybe in few years, FUN token value will start to mecanically appreciate. Speculators will FOMO on it and the price could pump heavily when it will happen.
They have not done any burns for this past quarter yet, despite being 20 days into a new quarter. On Telegram they announced that they’re considering stopping these burns. With their new CEO trying to pivot towards other areas besides gambling it does make sense that they would stop doing burns. Burning was always tied to gambling profits, but now there will be more of an emphasis on growing their market cap with diverse use cases. I don’t know how successful the new CEO’s efforts will be, but it’s clear the previous strategy was not working. The token has lost substantial value and left many with a deeply underwater investment. They can't burn forever and it's only a band aid on a deep scar, it's gonna do nothing significant long-term, it's only a temporary solution. By the way, high return investment plans should last longer and probably forever because that's what attracts casino users: Token with high ROI, high rewards, cashbacks, etc. I read news on funtoken.io and it seems that they want to expand into DeFi and GameFi, utilize FUN for staking platforms, DAO voting and so on. Well, let's see what happens, they have the power to make things better, hope they'll actually do.
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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April 21, 2024, 01:25:32 PM |
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No disrespect to FUN or altcoins but you guys always knew it was going down in this pattern right? Just see FUN for the added benefits of Premium and you'll never be disappointed Anyway, just checking in to see about Lambo and seems like it's not happened yet. So it just means I'm delaying my mini retirement lol GL all.
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ESG
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store secretK on Secret place is almost impossible
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April 21, 2024, 02:26:16 PM |
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if has 'multiply BTC HI-Lo game' , ... Why not have 'multiply FUN HI-Lo Game' ...? - _ Ow... because will need put down the site to implement high loaded modificatios on system and it is not easy to do and will come here, many haters telling that freebitco is scam and etc...etc...etc... ...... on begining of premium membership, i tell to my Mom buy and hold an significate amount of Fun s , she buyed and hold up to this days, that is 8SAT per one, and so, i dont call freebitco of scam... ... _ -
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uneng
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April 21, 2024, 02:38:21 PM |
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I read news on funtoken.io and it seems that they want to expand into DeFi and GameFi, utilize FUN for staking platforms, DAO voting and so on. Well, let's see what happens, they have the power to make things better, hope they'll actually do.
If they managed to introduce FUN as native token for a blockchain game of the same size of Axie Infinity or any other satisfying MMORPG I think it could work to make FUN more valuable, although nothing close to its ATH. However, to repeat features every other altcoins already have like DeFi, GameFi, staking programs and DAO voting don't look exciting, neither efficient. They need an original product which makes FUN different and authentic when compared to every other crypto tokens. I know there are professional developers who could create great games, but they lack incentive and proper partnerships to keep running their projects through a productive and rising path. There are so many developers creating their own native tokens for self-created projects, while they could just adopt an existing token like FUN for that purpose.
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Ronaldinho10
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April 22, 2024, 08:20:45 AM |
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IMHO they are choosing in which of their address send the price .. , i don 't understand this lack of communication for a site with millions of users . They don't have money to hire people for social /forum and customer care, it's seems pretty strange.
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freebitco.in PR
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freebitco.in Official PR Account
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April 22, 2024, 11:46:47 AM |
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🎉 Congratulations to the Ten Lucky Winners of Round 464! 🎉Join the Weekly Lottery: 10 FreeBitco.in Users Win a Share of the $7,500 BTC Prize Every Week. Here Are the Ten Lucky Winners from Last Week (Round 464).
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FanEagle
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Leading Crypto Sports Betting & Casino Platform
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April 22, 2024, 04:02:21 PM |
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This is ideal suggestion instead of burning or buyback they need to work on having some better use case of this token which will surely work better for keeping price at the better level as they are already having on few exchanges now it's time for them to have some talk with casino which will bring this token into their use which will surely increase the value of this token and things could be on positive. But right now we are having nothing about anything, hopefully team will give updates about this all in near future which will end this all-problematic talk, and we will be gone on better road.
Buy back does make more sense, it could definitely increase the value of it, burning doesn't really make it go up because the burned tokens are the ones that are already not in the market, they are not being sold, so burning doesn't make the price go up, what makes it go up is buying of this token, and buy back could make it work. However, if we are trusting the casino to keep buying the token back in order to make the price go up, then it already failed and should not even be a thing anymore. I think, what makes a token go up, or at least what it should make it go up must be people who want to buy it, if people want to buy it and do end up getting as much as they can afford, that would make it go up naturally and organically which would be better.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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STT
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April 22, 2024, 05:46:19 PM Last edit: April 22, 2024, 06:01:12 PM by STT |
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The burn isnt big enough to be a deciding factor someone commentated, probably correct or at least its very slowly altering things. The larger factors are BTC itself and overall growth of the site, if people buy, use and hold the token then thats going to raise the price. The majority of users may not be going down that path and only lightly holding some btc, placing some bets etc. growth there would alter the token price alot I think.
The end of month BTC price bet ends in about 24hr and its indecisive as ever. We did get a very good threat of downward breakout and its not done that at all. We are just on repeat and end April I would guess now will be similar to a month ago.
Its not easy to break out of a range upwards any more then we have seen that bounce off the bottom. So I have to guess a kinda boring conclusion this month, Im biased to wanting unexpected surprises but no prediction for that from me it looks dead calm. BTC itself is doing well, good news overall.
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Mahdirakib
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In Search of Incredible
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April 22, 2024, 06:25:59 PM |
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No disrespect to FUN or altcoins but you guys always knew it was going down in this pattern right? Just see FUN for the added benefits of Premium and you'll never be disappointed FUN tokens price is staying in the same range in the long term. It's value in USD was almost same of the current value one year ago. Where Bitcoin price has increased significantly. That's why the FUN/BTC pair is disappointing always. Anyway, just checking in to see about Lambo and seems like it's not happened yet. So it just means I'm delaying my mini retirement lol GL all.
They are keeping your hope alive by delaying the draw . Aren't you hunting for GT for the next round? The 2-3-4 bonus round is going to start in two days.
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NK345
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April 23, 2024, 05:41:51 AM |
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IMHO they are choosing in which of their address send the price .. , i don 't understand this lack of communication for a site with millions of users . They don't have money to hire people for social /forum and customer care, it's seems pretty strange. It is a disaster this site !! you are worried about lack of communication for the Lambo... Hah Try lack of communication for several people getting scammed by a malicious script on their website, which, by the way, still has not been removed. And getting no response from their so called "support" team, after more than 10 attempts in the past 3 weeks to contact TheQuin, FAQ section in FBC site, support@freebitco.in, and info@freebitco.inYou can see the post for this malicious script here: https://bitcointalk.org/index.php?topic=5492456.msg63964436#msg63964436DO NOT INVEST your money in this site !!! I blindly trusted them since my first 30 deposits and withdrawals didn't face any issues, but now that I am faced with an issue, NO ONE IS HANDLING. So if you don't want to be in my shoes, DO NOT DEPOSIT !!! No customer support == No resources == No future for this site
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dwyane36
Legendary
Offline
Activity: 2856
Merit: 2026
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April 23, 2024, 08:31:36 AM |
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FUN tokens price is staying in the same range in the long term. It's value in USD was almost same of the current value one year ago. Where Bitcoin price has increased significantly. That's why the FUN/BTC pair is disappointing always.
I would say that the FUN token is a kind of token for which the profit should be calculated in the USDT equivalent instead of in the Sats equivalent. In fact, now FUN/BTC is available only on freebitcoin, while almost all centralized exchanges don't have this trading pair for a long time. If I'm not mistaken, Binance was the last who removed FUN/BTC.
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Fivestar4everMVP
Legendary
Offline
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
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April 23, 2024, 08:45:53 AM |
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FUN tokens price is staying in the same range in the long term. It's value in USD was almost same of the current value one year ago. Where Bitcoin price has increased significantly. That's why the FUN/BTC pair is disappointing always.
I would say that the FUN token is a kind of token for which the profit should be calculated in the USDT equivalent instead of in the Sats equivalent. In fact, now FUN/BTC is available only on freebitcoin, while almost all centralized exchanges don't have this trading pair for a long time. If I'm not mistaken, Binance was the last who removed FUN/BTC. Well, I think if there was a good use case to support the continues interest and growth of the token price in the long term, it wouldnt matter much if FUN token was paired with bitcoin or not, bitcoin will always do it's thing, while fun token will also do it's thing, in the end, we will discover that as Bitcoin is growing in its value in usd, fun token is also growing in its value in usd too because, investors and community are also buying fun token for whatever it's used for, and even if the price remained the same in bitcoin sats, the price won't remain same in usd because when bitcoin usd price goes up, what 1 100sats were worth yesterday is no longer what they are worth today. So, instead of blaming and seeing FUN/BTC pair as a reason why the price of fun token have remained down, or stagnant at the same usd price, while it's continues to lose value in bitcoin sats, let's see and blame the lack of any good use case for the token as the reason for the price stagnation. I haven't seen one casino I would say that their token have a good use case, none atleast, until now.
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wiss19
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April 23, 2024, 10:34:08 AM |
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I would say the argument for fun token not being that much anymore, and the value being low, is not something I would pressure them into. They could simply just make a fun token hi/lo and in that situation whenever people lose money there, they could simply burn it and the price of it would go up, it is not that complicated, there is no reason to feel missing all that much.
I personally believe that we need to actually show up and do something about it, and that has to be the most important part. I believe that we can consider the situation as worth it, because freebitco.in is doing all they can right now, and working towards a period where they are trying to have less contact with us obviously, and if that works, then it means it could be better for them personally.
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freebitco.in PR
Copper Member
Member
Offline
Activity: 1449
Merit: 21
freebitco.in Official PR Account
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April 23, 2024, 01:10:43 PM |
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[Ends Soon] 🔥 The English Premier League season is reaching its climax! ⚽ With every match more crucial than ever, the excitement is at an all-time high! Everton faces Liverpool, while Manchester United takes on Sheffield United. Bet on these thrilling matches and win BTC! 🚀
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shield132
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April 23, 2024, 02:29:45 PM |
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FUN tokens price is staying in the same range in the long term. It's value in USD was almost same of the current value one year ago. Where Bitcoin price has increased significantly. That's why the FUN/BTC pair is disappointing always.
I would say that the FUN token is a kind of token for which the profit should be calculated in the USDT equivalent instead of in the Sats equivalent. In fact, now FUN/BTC is available only on freebitcoin, while almost all centralized exchanges don't have this trading pair for a long time. If I'm not mistaken, Binance was the last who removed FUN/BTC. Yeah, you are right. Binance was the last to remove FUN/BTC pair. I think it's good for FUN token owners because in this bullish market, everyone is going to convert FUN in BTC, that's not good the this project and Freebitco.in's rate is so bad that I think no one is going to convert it on their website but I have to admit that benefits of holding are good if you want to have fun. Well, I think if there was a good use case to support the continues interest and growth of the token price in the long term, it wouldnt matter much if FUN token was paired with bitcoin or not, bitcoin will always do it's thing, while fun token will also do it's thing, in the end, we will discover that as Bitcoin is growing in its value in usd, fun token is also growing in its value in usd too because, investors and community are also buying fun token for whatever it's used for, and even if the price remained the same in bitcoin sats, the price won't remain same in usd because when bitcoin usd price goes up, what 1 100sats were worth yesterday is no longer what they are worth today.
You are right, it wouldn't matter much for FUN whether it would have BTC pair or not but now it matters. Freebitco doesn't want to renew casino, doesn't invest in FUN token marketing, doesn't try to bring more new and exciting features for FUN token holders. I think this bull run is the last chance for them to start marketing and working on FUN project. Bitcoin's price is going up and I believe that the USD value of their BTC reserves are going sky high in this bull run. There will never be a chance like this for FUN token and Freebitco.
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piebeyb
Legendary
Offline
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
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April 23, 2024, 04:58:32 PM |
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So, instead of blaming and seeing FUN/BTC pair as a reason why the price of fun token have remained down, or stagnant at the same usd price, while it's continues to lose value in bitcoin sats, let's see and blame the lack of any good use case for the token as the reason for the price stagnation. I haven't seen one casino I would say that their token have a good use case, none atleast, until now.
Yes, I don't mean to drop FUN or other casino tokens, but it is true that there are no casino tokens that I have found that have really managed to have a good value in the crypto market until now, most of them only release them and then they start to ignore them, usually they are more focus on their gambling sites compared to developing their tokens to make them valuable, I'm sure for them releasing tokens is not very profitable compared to getting money from users who actively gamble on gambling sites, it is definitely much more profitable for them, so there is a turnover there. The different thing is that there is no turnover in their tokens in the crypto market, in fact there are no investors who hold it as a long-term investment because most of them experience loss of money or losses from time to time due to holding full casino tokens, whether it is FUN or other articles. FUN tokens may be said to be stagnant because there is nothing that makes people want to buy and keep them, especially for those who buy FUN tokens on this site using their BTC, I'm sure they won't buy it because it will make them lose the amount of BTC they bought because of the price which continues to fall. but we can see how long this FUN will be available in the crypto market.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Jekam
Newbie
Offline
Activity: 3
Merit: 0
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April 23, 2024, 06:49:22 PM |
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hello, please help me, I contacted the queen before the new year, he promised to help and for three months he remains silent, does not respond to my letters, ignores what to do next, I don’t know, he asked me to reset the data on my account, I reset it, and now he is silent
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