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[Agbe]

It’s one of the main reasons why it’s best to gamble on casinos that has an Ann thread here and does its best to be reputable. It doesn’t mean they would be all chatty with you about how and what the individual problems of gamblers might be but, they would do their most to resolve legitimate issues if they can establish that fact and it always turns out to be so based on what evidence you are able to provide to support your case. There are times when they seem a little strict but in such cases, their are individuals that can interfere as most casinos wouldn’t want to expose to the public just how they come to conclusion on certain issues.

Well said, using reputable casinos to play game from the forum is the best option for any gamblers. And we can only detect best and good casinos from their activities in the forum. Mostly from their stay in the forum with a long promotion. Though we have seen casinos stayed in the forum for sometimes and immediately they stopped the Signature Campaign and the next thing we heard is a shocking story.

[virasog]

Well said, using reputable casinos to play game from the forum is the best option for any gamblers. And we can only detect best and good casinos from their activities in the forum. Mostly from their stay in the forum with a long promotion. Though we have seen casinos stayed in the forum for sometimes and immediately they stopped the Signature Campaign and the next thing we heard is a shocking story.

I think you are relating this to freebitco where they were running the signature campaign for a very long time but then once they stop the campaign, they started to scam. Well, this may be true with this casino, but that doesn't mean that every casino if they pause their signature campaign, they will have the same fate.

Sometimes the new casino pauses the campaign because they need to evaluate the results or they want to seek other marketing means and this doesn't mean that they become unreliable, all of sudden.

[Agbe]

I think you are relating this to freebitco where they were running the signature campaign for a very long time but then once they stop the campaign, they started to scam. Well, this may be true with this casino, but that doesn't mean that every casino if they pause their signature campaign, they will have the same fate.

I can't really lay my head to the casinos again but I know that they are more than one that happened in that way.

Sometimes the new casino pauses the campaign because they need to evaluate the results or they want to seek other marketing means and this doesn't mean that they become unreliable, all of sudden.

Every casino has their aim and goals of coming here. But they should not be disappointed if the required number of gambling has not found in their casinos through the forum participation, to have traffic within a few weeks, months might not be possible here but a long running casino will not regret and the most important thing here is, once a casino has a reputation here, then it will be at the whole world. In offline and online in any country. And once the opposite is found in the casino. It will be bad for them. Simple example: 1xbit.

[Hispo]

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

This FUN token is a sham to impress users. Once it's purchased with Bitcoin, the Bitcoin immediately loses its value, and you won't get a refund. Therefore, this delisting won't do any harm; I'd even say it's more beneficial.

Though, FUN token capitalization market and volume can neglected when comes to compare them to Bitcoin data. Anyone selling Bitcoin to buy FUN is not doing any harm to Bitcoin, as the pair is very small.

If anything, delisting FUN will do actual harm to those who bought it and trusted the project and it's promises, this delisting is not harmless, there have been people who has lost a lot of money just by holding this token in the long term and trusting those developers.

It’s actually surprising that the FUN token lasted so long on Binance, even though the grounds for its delisting were already there several years ago.
In any case, I don’t think the delisting itself will harm those who bought the token, since they had already lost their investment long before Binance’s announcement. Keep in mind that most of the FUN token supply is still locked on the freebitcoin website.

Well, I disagree on the impact of the delisting to the price of the token.
It has been already reported that FUN token suffered a drop of it's price within the range of 20% after the official announcement by Binance, it could have hurt much those investors which were betting on an eventual recovery of the price or people who were unaware of what was going on with the token, Freebitcoin and also the lack of transparency and liquidity which plaged this asset...

There will still be some liquidity on Defi protocols, but it will be nothing compared to what Binance could have offered to people who actually believed on this project and also in Freebitcoin.

[Fivestar4everMVP]

It’s one of the main reasons why it’s best to gamble on casinos that has an Ann thread here and does its best to be reputable. It doesn’t mean they would be all chatty with you about how and what the individual problems of gamblers might be but, they would do their most to resolve legitimate issues if they can establish that fact and it always turns out to be so based on what evidence you are able to provide to support your case. There are times when they seem a little strict but in such cases, their are individuals that can interfere as most casinos wouldn’t want to expose to the public just how they come to conclusion on certain issues.

Well said, using reputable casinos to play game from the forum is the best option for any gamblers. And we can only detect best and good casinos from their activities in the forum. Mostly from their stay in the forum with a long promotion. Though we have seen casinos stayed in the forum for sometimes and immediately they stopped the Signature Campaign and the next thing we heard is a shocking story.

Well, though it's very important that a casino that has a presence on a forum like this one really needs to be active in running campaigns and also keeping their campaigns long enough, I still will say that it doesn't end here cause from past experiences and happenings, we've seen instances where a casino will have an active campaign but will end up closing down and rugging their community/users, the campaign manager will be the one that will have no choice but to abruptly end the campaign since those who are funding the campaign have ran away.

So, having an active running campaign isn't really a top notch criteria for users of the forum to trust a casino, but it's still just as good though, the activities of the casino and how prompt they attend to issues to have it fixed is one area I think we can use to score casino's trust level.. 🤔

[BADERO]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken, even after what has happened to Freebitcoin and their investors, there are literal shitcoins which are pretty useless, like TerraUSD which continue to be given support by the team of Binance.

This is probably one (if the the last) nail on the coffin of this project... It is very difficult for a token to be taken seriously enough to be listed on Binance and get access to liquidity, it is a completely different story when comes to getting delisted and liquidity cut from main stream sources...

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

They look at trading volume, order book depth, and liquidity the Terra ecosystem collapsed, it still maintains a massive amount of daily speculative trading volume and thet volume generates consistent trading fees for the exchange and FUNtoken, has seen its organic trading volume drop below Binance’s minimum threshold for profitability  from this perspective, removing trading pairs that no longer cover their infrastructural maintenance costs is a standard operational decision

[Fivestar4everMVP]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken, even after what has happened to Freebitcoin and their investors, there are literal shitcoins which are pretty useless, like TerraUSD which continue to be given support by the team of Binance.

This is probably one (if the the last) nail on the coffin of this project... It is very difficult for a token to be taken seriously enough to be listed on Binance and get access to liquidity, it is a completely different story when comes to getting delisted and liquidity cut from main stream sources...

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

They look at trading volume, order book depth, and liquidity the Terra ecosystem collapsed, it still maintains a massive amount of daily speculative trading volume and thet volume generates consistent trading fees for the exchange and FUNtoken, has seen its organic trading volume drop below Binance’s minimum threshold for profitability  from this perspective, removing trading pairs that no longer cover their infrastructural maintenance costs is a standard operational decision

You are absolutely right bud, I would say that personally, I had seen this coming ever since this whole freebitco issue began, I knew for sure certain that at some stage if the issue is not resolved to restore community confidence in the project, exchanges at some point will have no choice but to delist Fun token from their system because so long as this issue continue to linger with some many people no longer playing on freebitco, it is very much expected that the trading volume and other metrics of the token will drop significantly that will trigger some top exchanges to consider and possibly end delisting fun token.

Terra can't be compared to freebitco because we know Terra was a full blockchain project with millions of users before their collapse, freebitco is just a gambling casino with very minimal number of active users, so it's no surprise that their current issue is taking a toll on their fun token.

[JollyGood]

The bigger question should be why and how did Binance allow the token to remain listed for that length of time. People have been discussing the decline at Freebitcoin for a long time and inevitably their token (FUN) was going to be part of the concern. I doubt Binance have just realised what is happening, they probably have known for a long time.

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken, even after what has happened to Freebitcoin and their investors, there are literal shitcoins which are pretty useless, like TerraUSD which continue to be given support by the team of Binance.

This is probably one (if the the last) nail on the coffin of this project... It is very difficult for a token to be taken seriously enough to be listed on Binance and get access to liquidity, it is a completely different story when comes to getting delisted and liquidity cut from main stream sources...

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

[maydna]

~snip~

It’s one of the main reasons why it’s best to gamble on casinos that has an Ann thread here and does its best to be reputable. It doesn’t mean they would be all chatty with you about how and what the individual problems of gamblers might be but, they would do their most to resolve legitimate issues if they can establish that fact and it always turns out to be so based on what evidence you are able to provide to support your case. There are times when they seem a little strict but in such cases, their are individuals that can interfere as most casinos wouldn’t want to expose to the public just how they come to conclusion on certain issues.

We should be glad finding that reputable casinos here which have ANN so we can interaction with their representative. But that still not guarantee the casino will not turn scam their members as we have seen this.

The reputable casino will solves all issues related to their site and gives best solution to their members and will not abandon like that. Members know that building reputations will not easy but if teams can provide their best, the reputation will comes along their works.

I wonder how long members should wait without explanations from the team, it is been 4 months from the New Year but no details or process they did so far.

[dwyane36]

Well, I disagree on the impact of the delisting to the price of the token.
It has been already reported that FUN token suffered a drop of it's price within the range of 20% after the official announcement by Binance, it could have hurt much those investors which were betting on an eventual recovery of the price or people who were unaware of what was going on with the token, Freebitcoin and also the lack of transparency and liquidity which plaged this asset...

There will still be some liquidity on Defi protocols, but it will be nothing compared to what Binance could have offered to people who actually believed on this project and also in Freebitcoin.

Yes, the chart shows a negative reaction to Binance’s announcement about delisting the FUN token, but this dump doesn’t mean much, considering that its price had already fallen significantly long before that. In other words, this token has been a lost cause for a long time.
Honestly, given that freebitcoin turned out to be a scam, it’s hard to believe some investors still thought the FUN token price would ever recover.

[Slow death]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken

I expected them to be tougher on listing these altcoins and periodically investigate who owns them and what they're doing. I know they're a company and that they think about profits. They have operational costs they need to pay. But money shouldn't be the only priority for a company. A good image and reputation should also be carefully cultivated and maintained. In the case of this token, it's linked to the big scammer FreeBitco.in, so Binance should have removed it months ago.

But they didn't care, they waited to see if the token would give them profit from trading (trading fees), and since it's not profitable now, they removed it. The biggest challenge in this cryptocurrency market is still character and humanism. The idea that other people's problems are theirs and that they can get hurt because I'm doing well and won't get involved still persists.

[MinMan]

Well said, using reputable casinos to play game from the forum is the best option for any gamblers. And we can only detect best and good casinos from their activities in the forum. Mostly from their stay in the forum with a long promotion. Though we have seen casinos stayed in the forum for sometimes and immediately they stopped the Signature Campaign and the next thing we heard is a shocking story.

I think you are relating this to freebitco where they were running the signature campaign for a very long time but then once they stop the campaign, they started to scam. Well, this may be true with this casino, but that doesn't mean that every casino if they pause their signature campaign, they will have the same fate.

Sometimes the new casino pauses the campaign because they need to evaluate the results or they want to seek other marketing means and this doesn't mean that they become unreliable, all of sudden.

The reason why this place being a scam shocked the whole forum so much is because we saw them here all the time. Both wetsuite at the start and then thequin both ended up being here all the time, and messaged here and talked with people here, and basically they were overall pretty transparent about what's going on.

And they had a lot of campaigns, bonuses, give aways and what not. I remember clearly when one of the lambo winners actually did came here, and shared that he did received the money as well. So, it's clear that nobody expected something so legit, to turn such a big scam.

[Hispo]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken

I expected them to be tougher on listing these altcoins and periodically investigate who owns them and what they're doing. I know they're a company and that they think about profits. They have operational costs they need to pay. But money shouldn't be the only priority for a company. A good image and reputation should also be carefully cultivated and maintained. In the case of this token, it's linked to the big scammer FreeBitco.in, so Binance should have removed it months ago.

But they didn't care, they waited to see if the token would give them profit from trading (trading fees), and since it's not profitable now, they removed it. The biggest challenge in this cryptocurrency market is still character and humanism. The idea that other people's problems are theirs and that they can get hurt because I'm doing well and won't get involved still persists.

Right. In reality, if Binance was very aware of the nature of the token and the ongoing scam perpetuated by Freebitcoin, then the only motivation they had to continue to offer FUN markets to their users was in order to their their slice of pie from trading fees.
Probably they actually realized the PR damage was not worth it any longer when compared to the daily volume they got from traders selling and buying FUN, so they decided to pull the plug.

This kind of behavior is not exclusive from exchanges, though.
Giants of different ecosystems and companies feel they are above the law and sell their integrity for more income, they only start to take action when the backlash starts to get bigger than their perceived earnings.

If they wanted to make a difference, they could have frozen those stolen Bitcoins which were sent to them by Freebitcoin when the scam began, but it seems they did not care enough.

[BADERO]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken

I expected them to be tougher on listing these altcoins and periodically investigate who owns them and what they're doing. I know they're a company and that they think about profits. They have operational costs they need to pay. But money shouldn't be the only priority for a company. A good image and reputation should also be carefully cultivated and maintained. In the case of this token, it's linked to the big scammer FreeBitco.in, so Binance should have removed it months ago.

But they didn't care, they waited to see if the token would give them profit from trading (trading fees), and since it's not profitable now, they removed it. The biggest challenge in this cryptocurrency market is still character and humanism. The idea that other people's problems are theirs and that they can get hurt because I'm doing well and won't get involved still persists.

Right. In reality, if Binance was very aware of the nature of the token and the ongoing scam perpetuated by Freebitcoin, then the only motivation they had to continue to offer FUN markets to their users was in order to their their slice of pie from trading fees.
Probably they actually realized the PR damage was not worth it any longer when compared to the daily volume they got from traders selling and buying FUN, so they decided to pull the plug.

This kind of behavior is not exclusive from exchanges, though.
Giants of different ecosystems and companies feel they are above the law and sell their integrity for more income, they only start to take action when the backlash starts to get bigger than their perceived earnings.

If they wanted to make a difference, they could have frozen those stolen Bitcoins which were sent to them by Freebitcoin when the scam began, but it seems they did not care enough.

We all know taht Binance is just a cryptocurrency exchange, not a moral police force or a global regulatory body their entire business model relies on trading volume and liquidity. Binance delists dozens of tokens every year purely because they become dead markets, not because they are worried about (PR damage) from a casino's token integration the FUNToken's volume  just dropped below the threshold that makes keeping the market and nodes open profitable for me Expecting an exchange to proactively investigate a casino's internal tokenomics and pull the plug based on forum complaints is just unrealistic
And you are suggesting that Binance should have frozen those stolen Bitcoins, i think we need to be very careful what we wish for cuz as, the fundamental ethos of Bitcoin is censorship resistance and if we start demanding that centralized exchanges act as judge, jury, and executioner to unilaterally freeze a massive casino's operational funds without a valid law enforcement we are cheering for the exact fiat banking system we are trying to escape

[Tosyan12]

If anything, delisting FUN will do actual harm to those who bought it and trusted the project and it's promises, this delisting is not harmless, there have been people who has lost a lot of money just by holding this token in the long term and trusting those developers.

That's the essence of the scam. If the FUN token loses value, FBC owes nothing to anyone, but if its value increases, user traffic increases. I immediately realized this, but on the other hand, I didn't see it as the project's downfall, so I need to look for what's lost under our noses. Basically, this token lasted three years; I thought it would last longer.

[dwyane36]

That's the essence of the scam. If the FUN token loses value, FBC owes nothing to anyone, but if its value increases, user traffic increases. I immediately realized this, but on the other hand, I didn't see it as the project's downfall, so I need to look for what's lost under our noses. Basically, this token lasted three years; I thought it would last longer.

What do you mean by "three years"? The integration with Freebitcoin happened five years ago, and the FUN token itself was launched in 2017. In any case, I believe that the decision to purchase the majority of this token’s supply in 2021 was a critical mistake by the freebitcoin team, which effectively became the turning point that divided the project into a "before" and "after." By "before," I mean when the platform was performing well and had an excellent reputation, and by "after," I mean when it began to fall apart due to the team’s gradual, questionable decisions, the consequences of which many users probably didn’t even notice at first.

[shield132]

That's the essence of the scam. If the FUN token loses value, FBC owes nothing to anyone, but if its value increases, user traffic increases. I immediately realized this, but on the other hand, I didn't see it as the project's downfall, so I need to look for what's lost under our noses. Basically, this token lasted three years; I thought it would last longer.

What do you mean by "three years"? The integration with Freebitcoin happened five years ago, and the FUN token itself was launched in 2017. In any case, I believe that the decision to purchase the majority of this token’s supply in 2021 was a critical mistake by the freebitcoin team, which effectively became the turning point that divided the project into a "before" and "after." By "before," I mean when the platform was performing well and had an excellent reputation, and by "after," I mean when it began to fall apart due to the team’s gradual, questionable decisions, the consequences of which many users probably didn’t even notice at first.

I think that the FUN token purchase by Freebitco was a mistake because the FUN token didn't really bring any value to the gambling business. FUN always felt like a random casino token for me but Freebitco didn't make the biggest mistake when they purchased FUN, they made their biggest mistake when they didn't invest into marketing. People had a huge expectation, the price of FUN token went significantly up when Freebitco announced FUN purchase and after they purchased it. Btw since Freebitco did absolutely nothing in terms of marketing, in terms of website development and in terms of adding more features to FUN token itself, everything went down.

[Negotiation]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken, even after what has happened to Freebitcoin and their investors, there are literal shitcoins which are pretty useless, like TerraUSD which continue to be given support by the team of Binance.

This is probably one (if the the last) nail on the coffin of this project... It is very difficult for a token to be taken seriously enough to be listed on Binance and get access to liquidity, it is a completely different story when comes to getting delisted and liquidity cut from main stream sources...

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

They look at trading volume, order book depth, and liquidity the Terra ecosystem collapsed, it still maintains a massive amount of daily speculative trading volume and thet volume generates consistent trading fees for the exchange and FUNtoken, has seen its organic trading volume drop below Binance’s minimum threshold for profitability  from this perspective, removing trading pairs that no longer cover their infrastructural maintenance costs is a standard operational decision

You are right, there are still many projects whose fundamentals are not very strong. However, in the case of binance the main reason for delisting is not just being a shitcoin, but if the trading volume of a coin drops so much that it cannot cover the exchange's server maintenance costs and if there is no depth in the order book, which is risky for large traders. On the other hand, in the case of FUN, the organic trading volume may have fallen below a certain threshold, which is a big problem for platforms like freebitcoin that use FUN.

[Kelvinid]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken, even after what has happened to Freebitcoin and their investors, there are literal shitcoins which are pretty useless, like TerraUSD which continue to be given support by the team of Binance.

This is probably one (if the the last) nail on the coffin of this project... It is very difficult for a token to be taken seriously enough to be listed on Binance and get access to liquidity, it is a completely different story when comes to getting delisted and liquidity cut from main stream sources...

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

They look at trading volume, order book depth, and liquidity the Terra ecosystem collapsed, it still maintains a massive amount of daily speculative trading volume and thet volume generates consistent trading fees for the exchange and FUNtoken, has seen its organic trading volume drop below Binance’s minimum threshold for profitability  from this perspective, removing trading pairs that no longer cover their infrastructural maintenance costs is a standard operational decision

You are right, there are still many projects whose fundamentals are not very strong. However, in the case of binance the main reason for delisting is not just being a shitcoin, but if the trading volume of a coin drops so much that it cannot cover the exchange's server maintenance costs and if there is no depth in the order book, which is risky for large traders. On the other hand, in the case of FUN, the organic trading volume may have fallen below a certain threshold, which is a big problem for platforms like freebitcoin that use FUN.

It couldn't be judged yet. But dropping the price is no different from being worthless soon, and this token will soon belong to shitcoins. Perhaps it is a sign already, and Binance just did what is best for them rather than taking blame from traders who were blindly buying it without giving effort to see the real status of this project.

But I think this is not all about the stability of this project. It is indeed its market potential, and investors don't see it as worthy.
Honestly, Binance took the initiative to help small investors.

[Hispo]

To be honest. I did not expect Binance to go nuclear and decide to nuke FUNtoken, even after what has happened to Freebitcoin and their investors, there are literal shitcoins which are pretty useless, like TerraUSD which continue to be given support by the team of Binance.

This is probably one (if the the last) nail on the coffin of this project... It is very difficult for a token to be taken seriously enough to be listed on Binance and get access to liquidity, it is a completely different story when comes to getting delisted and liquidity cut from main stream sources...

I wonder what people within FUN and Freebitcoin think of all of this... If anything, this will just bring more attention to this on going scam.

They look at trading volume, order book depth, and liquidity the Terra ecosystem collapsed, it still maintains a massive amount of daily speculative trading volume and thet volume generates consistent trading fees for the exchange and FUNtoken, has seen its organic trading volume drop below Binance’s minimum threshold for profitability  from this perspective, removing trading pairs that no longer cover their infrastructural maintenance costs is a standard operational decision

You are right, there are still many projects whose fundamentals are not very strong. However, in the case of binance the main reason for delisting is not just being a shitcoin, but if the trading volume of a coin drops so much that it cannot cover the exchange's server maintenance costs and if there is no depth in the order book, which is risky for large traders. On the other hand, in the case of FUN, the organic trading volume may have fallen below a certain threshold, which is a big problem for platforms like freebitcoin that use FUN.

It couldn't be judged yet. But dropping the price is no different from being worthless soon, and this token will soon belong to shitcoins. Perhaps it is a sign already, and Binance just did what is best for them rather than taking blame from traders who were blindly buying it without giving effort to see the real status of this project.

But I think this is not all about the stability of this project. It is indeed its market potential, and investors don't see it as worthy.
Honestly, Binance took the initiative to help small investors.

I mean, developing whom you ask Binance is being a bad actor or a good one. In fact, they do not see themselves as being bad to their users or good for them, they just see the profitability.

For new and unaware investors this delisting was good because it protects them from losing money, for old holders and investors of the FUN ecosystem, this is pretty much a very hard blow to their positions.

However who we see it, the fact is FUN is at very critical state and it would pretty much gambling if someone decided to put their money on this token.

In the main time, Freebitcoin is yet to provide any refund and fulfill their promises...