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[GinnyBanzz]

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.

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.

[Fransky7]

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.

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.

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.

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?

https://i.postimg.cc/WbtyHQ5c/IMG-20240905-074345.jpg

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.

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.

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.

[dwyane36]

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.

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.

[shield132]

They messed up with this and their FUN token is affected to their past issues happened. I don't know if there's still a chance for FUN tokens to recover and its seems many people is avoiding to acquire this token.

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.

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.

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.

[TheUltraElite]

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.

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.

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.

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.

[zont86]

Today sometimes my captcha disappears, please fix it

[EXP111]

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.

[Fivestar4everMVP]

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?

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.

[Mahdirakib]

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

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.

[FinneysTrueVision]

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.

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.

That is from 1/83rd to 1/125th of the investment.

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.

[renenoscoe58]

Hi

I have sent several emails to FB regarding losing access to both my email address and my 2FA account.

Unfortunately, no reply.... Any chance I could get some help here?

I see you are brand new on this forum, and this is your first post on this forum as well as this thread, sorry though but you can't get help here either, freebitco is currently facing issues with alot of customers and their representatives on this forum are no where to be found for several weeks or months now, the casino seems to be currently running on auto-pilot because there are no customer service any where to assist users with their issues, both on the site and on this forum.

So, what I advice is, if you don't have a balance on your FB account, simply forget about this and move on, find some other reputable casino and play there for now.
But if you have a balance, there is also nothing you or anyone can do for now if you can't access your account, simply continue to try and let's hope that the management behind this casino will break out of their shell soon.

[renenoscoe58]

Yes, I realize this is my first post and I am very new. All I am looking for is some new information about FB.

There is no news like new news; can or do you know what the heck is going on at support?

I send email and get "we will pick up your ticket soon".

My free spins began to work again last week for about 3 days then quit again. I have not received the free spins
that they told me I would get, eventually. Their replies said they are working on the issue and now they aren't
even replying. It's been several weeks since we lost the daily free spins.

Has anyone gone to the UK gambling entertainment "government complaint process" to find out what is going on?
That was going to be my next step but I can't do anything until eight weeks has gone by and that date is coming up soon.

Do you have any information at all? I played their hi/lo game and lost everything I had built up that I didn't have in my savings portion.
I have been building this account for over 8 years now and I don't understand why these people are so rude to their players?

I could really appreciate some news, information, gossip, whatever.  Thanks.

[uneng]

I could really appreciate some news, information, gossip, whatever.  Thanks.

Support comes on this thread from times to times to leave a message saying they are working to fix the issues and errors on the platform, but such problems are never fixed. Issues are going on for several months already without any solid reaction from freebitco.in, while the issue with daily WoF spins not being credited are going on for more than one month.

There isn't much to expect from this platform anymore, I suppose.

Today I just checked my account, collected the interest paid for locking FUN and sold it for BTC profit. These features are still working fine for me, but I haven't tried to withdraw lately.

[LUCKMCFLY]

Today I just checked my account, collected the interest paid for locking FUN and sold it for BTC profit. These features are still working fine for me, but I haven't tried to withdraw lately.

The truth is it's a shame, this platform under which many of us were trained and welcomed us to the crypto world and at the same time to the casinos, I would like things to be resolved, but I see it as very difficult, lack of capital? something is missing , but in short they should manage to recover everything, it is a great infrastructure, the truth is the atmosphere of the data games is simple but very pleasant, it gives something traditional and at the same time current, that's why I would like this platform to recover, maybe time will tell.

[Don Pedro Dinero]

The truth is it's a shame, this platform under which many of us were trained and welcomed us to the crypto world and at the same time to the casinos,

I hadn't thought about it, but now that you mention it, that's the way it is. I discovered this site even before the forum and it was the first cryptocurrency casino for me too.

something is missing , but in short they should manage to recover everything, it is a great infrastructure, the truth is the atmosphere of the data games is simple but very pleasant, it gives something traditional and at the same time current, that's why I would like this platform to recover, maybe time will tell.

Many of us think the same, but they have been malfunctioning for some time. A shame to see this with the great userbase they have and the money they must have made from the site.

[Drazen2003]

Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.

[Mohd1983]

Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.

Ooops
I am also facing exactly the same issue
It pass till this moment 3 hours since confirmed and has not been credited to Freebitco

[Fransky7]

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.

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.

They are accurate because they are calculated manually by my membership, counting all the spin wheels made with the relative amounts.
Tickets do not count towards the return on investment, only satoshi, points and any special prizes, also because there is no guarantee of winning in the lotteries, so they are not part of the ROI.

That is from 1/83rd to 1/125th of the investment.

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.

instead it is like this, but we are only talking about the spins, obviously we have the APY and possibly the interests for the satoshis deposited, so it is higher, but the spins returned an average of that ROI, today it reaches over 4 times, this would explain why they have deactivated them and the other features are active.

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.

We agree on this, all non-SCAM investments have slow ROIs, also because they have to generate revenues with which the same ROIs are then paid.

Here we can find the FUN RoadMap for 2024 and beyond, perhaps these innovations can lead to an improvement and greater use of crypto: https://funtoken.io/road-map

[Mohd1983]

Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.

Ooops
I am also facing exactly the same issue
It pass till this moment 3 hours since confirmed and has not been credited to Freebitco

Confirm of receiving the amount

[Drazen2003]

Be careful with deposits. As a few days ago, I have made a deposit from outside, it has been confirmed for more than 1 hour and has not been credited to FBC.

Ooops
I am also facing exactly the same issue
It pass till this moment 3 hours since confirmed and has not been credited to Freebitco

Confirm of receiving the amount

Thanks a lot @Mohd1983,

Mine has arrived now. It took 3 hours but it is already credited.