🎲BetFury.io| 🔥Sign up on BetFury | 🤑Get Welcome Bonus up to 590% + 225 FS

[dwyane36]

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

[TimeTeller]

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

I believe, those figures is hard to get as they won't disclose all their marketing expenses.
But I am certain, they allot good amount of money when it comes to their promotional activities.
They will not attain this position if they are not also generous in some of their marketing activities.
So far, they are doing good as they can sustain this business along with other features like their staking feature.
We don't need to know how much they are allotting like in promotional programs, would be better to see the impact of it on their site.

[dimonstration]

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

I believe, those figures is hard to get as they won't disclose all their marketing expenses.
But I am certain, they allot good amount of money when it comes to their promotional activities.
They will not attain this position if they are not also generous in some of their marketing activities.
So far, they are doing good as they can sustain this business along with other features like their staking feature.
We don't need to know how much they are allotting like in promotional programs, would be better to see the impact of it on their site.

If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.

[Blowon]

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

It's worth noting that the Betfury developers initially allocated 10% of the total number of BFG tokens for marketing. It is 500 million BFG tokens or about $7.8 million if you consider the current price of the BFG token. It seems to me such a budget for marketing is quite a lot, especially for a crypto-gambling project. At the same time, Betfury has already made good progress since its launch, and it would be interesting to know how much the Betfury team has already spent on promoting its project.

I believe, those figures is hard to get as they won't disclose all their marketing expenses.
But I am certain, they allot good amount of money when it comes to their promotional activities.
They will not attain this position if they are not also generous in some of their marketing activities.
So far, they are doing good as they can sustain this business along with other features like their staking feature.
We don't need to know how much they are allotting like in promotional programs, would be better to see the impact of it on their site.

If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.

marketing strategy is good enough to attract more users to join betfury , but i believe they keep their token quality , maybe from betfury revenue
if the income is more then the token is also not bothered by the cost to pay for marketing, and vice versa, maybe this is the concept

[dwyane36]

If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.

marketing strategy is good enough to attract more users to join betfury , but i believe they keep their token quality , maybe from betfury revenue
if the income is more then the token is also not bothered by the cost to pay for marketing, and vice versa, maybe this is the concept

If Betfury sells its tokens for marketing on exchanges, then it can be one of the main factors holding back the growth of BFG. Although it doesn't matter because Betfury is really good at attracting users to its platform, even though the Betfury team has a pretty passive marketing strategy. I mean, Betfury is more focused on promoting its project only on social networks rather than other third-party crypto resources. Of course, Betfury also conducted a few signature campaigns on this forum, but I don't remember that its logo often appeared on any other popular crypto site except the biswap site.

[darewaller]

If you will check most of there giveaways, They spend the majority of there marketing tokens on partnership airdrop and tournaments reward in the casino. BFG holders usually suffering from this marketing strategy because the team usually liquidate there tokens on exchange to have funds on there marketing expenses aside from the token rewards. They just doing monthly token to compensate on this painful tokens expenditures on marketing but in the long run the casino will benefit on it because they are getting more customers in the process.

There is really no other way out of it, because they do not have too much money to throw away. They are doing giveaways on their BFG and other stuff because we are getting the dividends. And yes they still hold a big bag of it but not all of it.

Realize that there are casinos out there which are owned 100% by just one person, the CEO or the founder, and yet even with that in mind they are still not making a profit after operational costs, because gamblers do not rush into their casinos and losing enough. Meaning they either have to spend a giant amount on marketing, or they just close. This place doesn't even own 100% of their income, and they are still paying for operational costs, and they are trying to do marketing at the same time, where did you think that money would come from?

[jostorres]

The moment you realize that burned ones weren't public anyway, is the moment we realize it is not going to change the price much. BFG token is something extraordinary in the sense that the ordinary is the places that have tokens usually end up with a loss, and that is why they are gone. Most casinos who create tokens end up giving that to the people and just leaving the casino as it is.

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

So many people hope that the burning process can make the coin better, that must be true but there are still other factors which are needed to make it more possible. Maybe bfg is extra ordinary because it has functions which can't be found on a common token but this token is not exempted for losses.

A simple loss or decline in price won't make the token gone but if they don't have any improvement then maybe yes. If having a token makes the casino income lesser then better if they stop the token thing and stick to the casino business. It's okay to skip marketing for a while if the casino is already known because there will still be a traffic.

[Fredomago]

The moment you realize that burned ones weren't public anyway, is the moment we realize it is not going to change the price much. BFG token is something extraordinary in the sense that the ordinary is the places that have tokens usually end up with a loss, and that is why they are gone. Most casinos who create tokens end up giving that to the people and just leaving the casino as it is.

When you do not make the money that a normal casino owner would, and you make back only a little because rest goes to dividends, then it becomes a problem to spend money on marketing, at least not a big budget, or you have to sell your own tokens to pay for it, which is a big no no. This system failed so far, only betfury managed to make it work.

So many people hope that the burning process can make the coin better, that must be true but there are still other factors which are needed to make it more possible. Maybe bfg is extra ordinary because it has functions which can't be found on a common token but this token is not exempted for losses.

A simple loss or decline in price won't make the token gone but if they don't have any improvement then maybe yes. If having a token makes the casino income lesser then better if they stop the token thing and stick to the casino business. It's okay to skip marketing for a while if the casino is already known because there will still be a traffic.

Very tough decision to make, they've been known with the business and investors are aiming for passive benefits, the question always pointing to how the developers will continue to attract people to play inside the house and continue to support the token, the more usages the more chances that the value will rise.

Good thing for BFG, there is a community that is still trusting the project and willing to hold and sometimes are also playing in each gambling game that the site offers.

[topman21]

Welcome to bitcointalk!
I thought this was a new casino, but with 132 000 registered members, this isn't the case. Anyone here already member of this casino? Any thoughts/reviews?

Couple of questions that pop into my mind:
- What is your house edge?
- What is the minimum amount to withdraw ?
- Do you have a license?

Good question to ask and people want to know the answers.

Also they have a thread last April but it was inactive check it here https://bitcointalk.org/index.php?topic=5237476.0 and I wonder if those numbers of users is true since they don't have any active thread here, I guess they do a outside of the forum marketing since 132,000 users is huge number.

Yes, if more questions are asked and answered about anything, the public will know better about it.They have been working in marketing for a long time. So far they are doing honest work.But I also saw that their marketing user count is 132000 even though they don't have active threads.However, they have plans to do business for a long time. If they can be honest, they can survive for a long time.

[dwyane36]

So many people hope that the burning process can make the coin better, that must be true but there are still other factors which are needed to make it more possible. Maybe bfg is extra ordinary because it has functions which can't be found on a common token but this token is not exempted for losses.

A simple loss or decline in price won't make the token gone but if they don't have any improvement then maybe yes. If having a token makes the casino income lesser then better if they stop the token thing and stick to the casino business. It's okay to skip marketing for a while if the casino is already known because there will still be a traffic.

I'm more than sure that the monthly BFG burning will start to have a positive effect on the price of the token when all BFG tokens are mined because the emission will gradually decrease. At the same time, we should keep in mind that the burning process isn't a panacea. I mean, if devs want to keep their project running as long as possible, they should already be thinking about further development and adding new functionality for the BFG token and the platform as a whole.

[Blowon]

So many people hope that the burning process can make the coin better, that must be true but there are still other factors which are needed to make it more possible. Maybe bfg is extra ordinary because it has functions which can't be found on a common token but this token is not exempted for losses.

A simple loss or decline in price won't make the token gone but if they don't have any improvement then maybe yes. If having a token makes the casino income lesser then better if they stop the token thing and stick to the casino business. It's okay to skip marketing for a while if the casino is already known because there will still be a traffic.

I'm more than sure that the monthly BFG burning will start to have a positive effect on the price of the token when all BFG tokens are mined because the emission will gradually decrease. At the same time, we should keep in mind that the burning process isn't a panacea. I mean, if devs want to keep their project running as long as possible, they should already be thinking about further development and adding new functionality for the BFG token and the platform as a whole.

making more use of tokens will be a solution, because of the benefits of BFG tokens so people will still keep them, it's just that at this time there is still no next step that we are taking, burning tokens will indeed raise the price a little more upwards, it's the same when there are many people sell it too

[TopTort777]

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.

[Little_Sister]

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.

[FanEagle]

There is really no other way out of it, because they do not have too much money to throw away. They are doing giveaways on their BFG and other stuff because we are getting the dividends. And yes they still hold a big bag of it but not all of it.

Realize that there are casinos out there which are owned 100% by just one person, the CEO or the founder, and yet even with that in mind they are still not making a profit after operational costs, because gamblers do not rush into their casinos and losing enough. Meaning they either have to spend a giant amount on marketing, or they just close. This place doesn't even own 100% of their income, and they are still paying for operational costs, and they are trying to do marketing at the same time, where did you think that money would come from?

This isn't the problem of the people though. I mean if they did something like this and structured it that way, then they have to make it up to people by showing how it could be possible to keep it up. They have been looking for more way to make sure that people still use BFG in the upcoming months and how they shouldn't give up on this, but that doesn't change the fact that they are not doing that at all, they are literally just making sure that people do not leave the coin, not the casino.

This means that if the day comes and the casino is no longer interesting, then the token itself would not worth anything at all, aside from mining or staking or whatever you want to do with it.

[LUCKMCFLY]

If Binance lists BFG, it will be a huge event for Betfury. Undoubtedly it will pump the price of the token. But lately, Binance rarely lists new coins. And the selection of candidates is tougher. I think BFG has little chance of getting listed on this exchange.

Yeah, if the listing on Binance happened, the BFG token would most likely immediately be pumped by 5-10 times or even more, given that BFG has a huge potential for growth as its market cap is only $34 million at the moment. At the same time, we shouldn't focus only on Binance. It would also be good if the Betfury team could get listed on exchanges like Kucoin or OKX. I'm more than sure that the requirements for listing on these two exchanges are much more loyal compared to Binance.

Well if it reaches Binance, as everyone says that would boost the BFG token, particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential, even for those investors who do not know where the token comes from, because not all investors play in casinos or take risks with their money, everything they leave it in the trade and put it at the disposal of the investment, which seems much safer to them.

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.

Well we all know very well that the most viable, profitable and easy solution is for them to list the BFG tokens on Binance or at least on an exchange that is up to that point, if what they want is for them to buy their tokens, I don't see another alternative, if more benefits can be offered, but I think we have to go to another level, but of course I imagine that the Betfury team will already have all this very clear and on the table.

[delfastTions]

If Binance lists BFG, it will be a huge event for Betfury. Undoubtedly it will pump the price of the token. But lately, Binance rarely lists new coins. And the selection of candidates is tougher. I think BFG has little chance of getting listed on this exchange.

Yeah, if the listing on Binance happened, the BFG token would most likely immediately be pumped by 5-10 times or even more, given that BFG has a huge potential for growth as its market cap is only $34 million at the moment. At the same time, we shouldn't focus only on Binance. It would also be good if the Betfury team could get listed on exchanges like Kucoin or OKX. I'm more than sure that the requirements for listing on these two exchanges are much more loyal compared to Binance.

Well if it reaches Binance, as everyone says that would boost the BFG token, particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential, even for those investors who do not know where the token comes from, because not all investors play in casinos or take risks with their money, everything they leave it in the trade and put it at the disposal of the investment, which seems much safer to them.

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.

Well we all know very well that the most viable, profitable and easy solution is for them to list the BFG tokens on Binance or at least on an exchange that is up to that point, if what they want is for them to buy their tokens, I don't see another alternative, if more benefits can be offered, but I think we have to go to another level, but of course I imagine that the Betfury team will already have all this very clear and on the table.

But I just don’t share all the enthusiasm from Binance.  Moreover, I think that listing on Binance will only harm the tokens, and not increase its price by 5-10 times, as our colleagues suggest here.  Do not forget that Binance is a rather crafty trading platform, which has appropriated the title that it is generally number 1 in the crypto world.  But this is a scam from a cunning executive who everyone in the crypto world knows as CZ.  
Moreover, I have recently seen the fading of interest in Binance from many players in the crypto market.  So devs shouldn't deal with Binance.  
But this is my personal opinion, I do not pretend to be the ultimate truth.

[Slow death]

particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential

people need to be very careful with this thought that Binance is only listing good altcoins, if you look closely at all altcoins that are on binance you will see that there are a lot of shitcoins that were listed a few years or months with prices that went up 10X but today they are down 20X because there is no demand, as they are illusory projects that in the long term had nothing to offer and people made a mistake with them, today such projects are 20X fallen. I will avoid enumerating names of such projects in that thread

But I just don’t share all the enthusiasm from Binance.  Moreover, I think that listing on Binance will only harm the tokens, and not increase its price by 5-10 times, as our colleagues suggest here.   Do not forget that Binance is a rather crafty trading platform, which has appropriated the title that it is generally number 1 in the crypto world.  But this is a scam from a cunning executive who everyone in the crypto world knows as CZ.   
Moreover, I have recently seen the fading of interest in Binance from many players in the crypto market.  So devs shouldn't deal with Binance. 
But this is my personal opinion, I do not pretend to be the ultimate truth.

I agree with you on the part that all projects that are going to be listed on binance can even go up in price in the first few days thanks to the pump and dump scheme, but after a few days, weeks and months the altcoin starts to drop a lot and that makes a lot people lose money I could even show many examples of altcoins that went on binance and dropped a lot, and it's unbelievable that many people kept talking about such projects on the telegram channel, I saw so many people saying they invested a lot of money in project X because it was already listed at biance, and see that the project rose from 0.70$ to 3$ and in a few days it dropped to 1$ and today it is at 0.46$. I ask myself: how are the people who bought on 3$? they have a big loss

[AbuBhakar]

particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential

people need to be very careful with this thought that Binance is only listing good altcoins, if you look closely at all altcoins that are on binance you will see that there are a lot of shitcoins that were listed a few years or months with prices that went up 10X but today they are down 20X because there is no demand, as they are illusory projects that in the long term had nothing to offer and people made a mistake with them, today such projects are 20X fallen. I will avoid enumerating names of such projects in that thread

Exactly, 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.

[Fredomago]

particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential

people need to be very careful with this thought that Binance is only listing good altcoins, if you look closely at all altcoins that are on binance you will see that there are a lot of shitcoins that were listed a few years or months with prices that went up 10X but today they are down 20X because there is no demand, as they are illusory projects that in the long term had nothing to offer and people made a mistake with them, today such projects are 20X fallen. I will avoid enumerating names of such projects in that thread

Exactly, 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.

More on quick profits, the developers are aiming for the project to be listed inside binance knowing that investors interest will flow and they will have a good chance of gaining a huge amount of profits, sad to say that this kind of developers mindsets is a temporal type of team who are just after the money and not to fully develop the project.

Like both of you, not all projects inside binance are solid project, there are assets that are just a product of hypes and quick ride pump.

[dwyane36]

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.