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[rojan]

So far monthly burns give imho no impact. Like the price was 3 cents during good times, it stays the same all the time. Bitcoin price change is the only thing that impacts on the price. I dont even think that burns really helped. I might even consider not doing burns, but keep more mineable tokens. Imho, adding more usability to token, or perks for holder (more you hold, better bonus you get) will be a better solution. And by perks I mean not distributing more staking rewards, something else.

Monthly or weekly token burn strategy is no longer an alternative solution to increase token price, as you said it is better to add burn allocation for holders profit than burning it without price increase effect, it can also be added for new utility for holder and create big reward to attract investment from new traders.

If they take the initiative to burn the tokens every month or week, but I think it is not right to take the initiative suddenly, but here there are times when they have to think about whatever they do, they have to burn the tokens and there are times if they  If not, then it appears that there may be a lot of problems on their tokens, that's why they have to pretend that they don't want to sell the tokens, but here if they pretend to increase the price of the tokens, then it will cause a lot of problems for the order.  .

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[Unsoldier]

I just noticed that the community voting on the BFG mining price is now over, and it seems that the majority of users(50.79%) voted for increasing the BFG mining price by 5 times. I wouldn't say I supported this option, but what's done is done. Thus such changes as increasing the BFG mining price by 5 times, stretching the process of BFG mining for 53 months, and decreasing the range of increasing the mining price to 25 million will be implemented on the platform as early as tomorrow at 9:00 UTC.

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

[|MINER|]

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Even then  this is not  completely alternative way but without this option   currently it is very difficult for alt-coins to survive if the supply continues to increase.  As was the case with Luna we know. There's lots of token whos price is decreasing continuosly Due to not having this option.   So my opinion is burning is one of the most important thing to increasing price. Just as the central bank of a country controls inflation by controlling the printing of currency, the price of tokens can be controlled through burning.

[RealMalatesta]

So far monthly burns give imho no impact. Like the price was 3 cents during good times, it stays the same all the time. Bitcoin price change is the only thing that impacts on the price. I dont even think that burns really helped. I might even consider not doing burns, but keep more mineable tokens. Imho, adding more usability to token, or perks for holder (more you hold, better bonus you get) will be a better solution. And by perks I mean not distributing more staking rewards, something else.

Burns do not give a good impact because they were not in the market to begin with, that is what I am trying to tell people. What it means is that bnb burns do not matter neither, but sometimes the price still goes up during these times. Well, because people buy due to the fact that there was a burn, and since they believe there was a burn they buy more since there is less coins available.

Same here, it shouldn't really impact a lot because it wasn't on the market anyway, so what it does is burning coins that weren't in there to begin with. What we believe however is that if there were "buyback" type of stuff, then it would actually make a lot of profit for everyone.

[Little_Sister]

Even then  this is not  completely alternative way but without this option   currently it is very difficult for alt-coins to survive if the supply continues to increase.  As was the case with Luna we know. There's lots of token whos price is decreasing continuosly Due to not having this option.   So my opinion is burning is one of the most important thing to increasing price. Just as the central bank of a country controls inflation by controlling the printing of currency, the price of tokens can be controlled through burning.

After I checked the address of the BFG smart contract, it still hasn't reached the maximum supply on the CMC data, so there are still remaining tokens from the total supply that have not been released. Apart from the difference in fiat currency inflation, the token burning needs to be increased but burning alone is not enough to have a good impact on the token price.

[dwyane36]

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

[Fredomago]

Even then  this is not  completely alternative way but without this option   currently it is very difficult for alt-coins to survive if the supply continues to increase.  As was the case with Luna we know. There's lots of token whos price is decreasing continuosly Due to not having this option.   So my opinion is burning is one of the most important thing to increasing price. Just as the central bank of a country controls inflation by controlling the printing of currency, the price of tokens can be controlled through burning.

After I checked the address of the BFG smart contract, it still hasn't reached the maximum supply on the CMC data, so there are still remaining tokens from the total supply that have not been released. Apart from the difference in fiat currency inflation, the token burning needs to be increased but burning alone is not enough to have a good impact on the token price.

Not enough but there's some influence if the burning process will continue to take place, along the way the numbers of available token will be lessen and it will be a good thing for passive investors, they are going to see good movement as BFG still doing well in preventing massive dump even the market still bearish.

You have to do your DYOR though, it will help you to understand the full potential of this kind of asset and how to take advantages of all those passive ways to increase your holdings.

[Strongkored]

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

[arwin100]

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

The current hype is just temporary because the concern is about the token supply only and not related to profitability of the casino. Betfury needs to increase there casino profit in able for there tokens get a proper exposure from investors that will increase the price in the long run. News about minor changes will just create short term hype due to price discussion of members but it will go back to normal once no one is buying at the pump price.

This is the limitation of casino utility token, It’s highly dependent on casino performance. If Betfury casino is not growing further,The token will stay low and just move sideways like what happening right now.

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.

[Unsoldier]

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

I think it would be nice if Betfury raised the rewards for staking. Betfury can also create events with increased staking rewards for a short period of time for new users. For example 320% APR for two weeks.

[noormcs5]

I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

I think it would be nice if Betfury raised the rewards for staking. Betfury can also create events with increased staking rewards for a short period of time for new users. For example 320% APR for two weeks.

Why increase the staking rewards for the new users only? If they want to increase the staking rewards, the priority should be given to those who already have BFG tokens and are staking them already. The staking rewards should be equal for everyone.

By the way, i am not too much depressed about the low trading volume, it will increase eventually.  The news only temporarily raises the trading volume, the more important thing is to sustain the volume.

[jostorres]

This project are just the product of hype and they are using the investors money that they accumulate on IDO just to list on Binance. Project like this spend so much money on the requirements of exchange listing and totally forgot the development process that result of slowly dying of the project due to lost of interest. Many scam project use big CEX as there end goal before they abandon the project and move to a next startup project.

Unfortunately you are right about most projects that do this. I am not saying that betfury is doing that with BFG, I wouldn't really know and I am not here to speculate about that token. But I guarantee you, I have worked with places that spent hundreds of bitcoins, literally tens of millions of dollars, just to be on Binance so that they could screw people over.

Well, they have so much of the token as owners that when they got listed, they just dumped it and that means since it was on binance there were buyers who were excited about a potential new coin getting listed, hence when they dump it, the price didn't tank too much like it would in another exchange.

[dwyane36]

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.

New unique features and utilities are a good thing for any project because it almost always has a positive effect on the price of the token. However, in the case of BFG, it seems that the Betfury team has run out of ideas about the further development of the BFG token. At least I can't explain in any other way their decision to stretch the BFG mining for 53 months.

[danadc]

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.

New unique features and utilities are a good thing for any project because it almost always has a positive effect on the price of the token. However, in the case of BFG, it seems that the Betfury team has run out of ideas about the further development of the BFG token. At least I can't explain in any other way their decision to stretch the BFG mining for 53 months.

But what else can he do while the whole market is going through a lot of decision and uncertainty, you are right that they ran out of ideas, he has to make things more attractive, I think they can do a lot if they offer BFG with Airdrops and doing tasks, it is more attractive , or that they can make contests through social networks, mining here is not so attractive, players need more incentives to buy tokens and that cryptocurrency investors themselves are interested, mining is the best way out they have for now.

[Blowon]

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.

New unique features and utilities are a good thing for any project because it almost always has a positive effect on the price of the token. However, in the case of BFG, it seems that the Betfury team has run out of ideas about the further development of the BFG token. At least I can't explain in any other way their decision to stretch the BFG mining for 53 months.

But what else can he do while the whole market is going through a lot of decision and uncertainty, you are right that they ran out of ideas, he has to make things more attractive, I think they can do a lot if they offer BFG with Airdrops and doing tasks, it is more attractive , or that they can make contests through social networks, mining here is not so attractive, players need more incentives to buy tokens and that cryptocurrency investors themselves are interested, mining is the best way out they have for now.

I agree with your opinion, if the token is continuously used only for marketing it will make the token price quite weak, so they should make an interesting idea for investors this will make the BFG token more stable

[Chikito]

Investors always seek for the platforms performance before pouring some money on their tokens created this is why Betfury needs to perform well and offer more unique utilities to their tokens which didn't been offered yet by their competitors. Also they need to conduct more promotion with extended efforts on other marketing stuff since for sure they will get the best result out of it.

New unique features and utilities are a good thing for any project because it almost always has a positive effect on the price of the token. However, in the case of BFG, it seems that the Betfury team has run out of ideas about the further development of the BFG token. At least I can't explain in any other way their decision to stretch the BFG mining for 53 months.

But what else can he do while the whole market is going through a lot of decision and uncertainty, you are right that they ran out of ideas, he has to make things more attractive, I think they can do a lot if they offer BFG with Airdrops and doing tasks, it is more attractive , or that they can make contests through social networks, mining here is not so attractive, players need more incentives to buy tokens and that cryptocurrency investors themselves are interested, mining is the best way out they have for now.

I agree with your opinion, if the token is continuously used only for marketing it will make the token price quite weak, so they should make an interesting idea for investors this will make the BFG token more stable

In my opinion, it's not about marketing, They must be focused on what they were developed. If they were gambling, just focused on that, so if a token, just focused on that. It's very difficult to develop both especially lack of human sources and capability, even more, if 1 person takes care of tokens and gambling together at 1 time, except if the gambling site is already popular and has many registered people, it should be can be done simultaneously if the token is also used for payment.

[SirLancelot]

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.

But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group

Trading volume could have ups and downs, that’s not the point and that wouldn't really matter, even during bull runs there are days with less trading volume then other days. What matters is the price and the liquidity, because if there is low liquidity and high price that means people trust it and there are whales buying it up.

I am not saying that’s the case here because it maybe or it may not be but I know for a fact that it will not be an easy ask to make people trust and like and buy this token. It's never easy to say "hey here is this token, buy it", because you need to give people a great reason to do that and not many projects do that well enough to convince people.

[capedbaldy]

In my opinion, it's not about marketing, They must be focused on what they were developed. If they were gambling, just focused on that, so if a token, just focused on that. It's very difficult to develop both especially lack of human sources and capability, even more, if 1 person takes care of tokens and gambling together at 1 time, except if the gambling site is already popular and has many registered people, it should be can be done simultaneously if the token is also used for payment.

It's better to focus on the main development of the gambling platform so that slowly from the impact of good development progress will increase the price increase of the Betfury token, I think the team has carried out a series of marketing strategies and offers various event prizes that are always shared on twitter. But after reviewing the stats for the BFG price still need progress to reach the high price and they can add more popular market exchanges to increase trading volume.

[dimonstration]

In my opinion, it's not about marketing, They must be focused on what they were developed. If they were gambling, just focused on that, so if a token, just focused on that. It's very difficult to develop both especially lack of human sources and capability, even more, if 1 person takes care of tokens and gambling together at 1 time, except if the gambling site is already popular and has many registered people, it should be can be done simultaneously if the token is also used for payment.

Betfury is already a stable casino and there token has a consistent market volume so there’s nothing big needed to improve since they already overcome the initial phased which involves a lot of development. They are now in the stage on selling there product in the public which is there casino and tokens. You are right that they need to focus on one goal and it should be the casino itself because the value of the token depends on the casino profitability and popularity. The more user use the casino means more token buyer will be converted.

[FanEagle]

In my opinion, it's not about marketing, They must be focused on what they were developed. If they were gambling, just focused on that, so if a token, just focused on that. It's very difficult to develop both especially lack of human sources and capability, even more, if 1 person takes care of tokens and gambling together at 1 time, except if the gambling site is already popular and has many registered people, it should be can be done simultaneously if the token is also used for payment.

I do agree that it should be more than one person, but they had staff working for them long before the token started. Which means that they have people who could help them and yes, it is confusing to do marketing in crypto world because there are a million people dm'ing you about a potential of marketing chance, and 99% of them are fake, but the real ones will make you rich and big, that’s what matters, and if you can't find them then you could find consultants who could work for you and know the real ones already.

Betfury has the money for all of this, how do I know it? First of all the bankroll, secondly all the tokens they have sold so far that made them a lot of funding as well.