LUCKMCFLY
Legendary
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Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
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September 05, 2023, 02:58:53 PM |
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I want to know if the fear on the part of the devs who do not put their tokens in a Decentralized exchange, what is it? the nameless? or what is it that they can fear him ? Many of us who are in the forum know that the main reason for a token to go away is that the don't give them a move or put it in a centralized exchange, because investors get anxious and leave, they don't believe in the project and they leave everything there. , then these things are the ones to avoid, since they bring a lot of Development and advancement in the BFG token , it is not worth letting it die.
For example, I don’t think that everything is bad with the BFG token and there are no serious prospects for its further development and use in games in this casino. The fact that there is still no listing on Binance or some other large well-known CEX and the fact that devs are in no hurry to deal with this, I can say, with an appropriate understanding of their intentions. First of all, such a listing is very expensive and perhaps casino devs simply cannot afford such costs. By the way, this is not only a cost of money, but also a significant loss of employees' working time to obtain all kinds of permits, agreements and justifications and all sorts of other paperwork. Also, there are still fears of a large-scale whale attack (on the scale of this token, of course, the capitalization of which is currently about $50M according to CMC). In addition, the boundaries of its rate fluctuations are All-Time High: $0.03656754, All-Time Low: $0.01019117, which is very good in terms of the stability of this token itself. So, given the possibility that a certain whale will try to play with the token rate with the corresponding dump / pump cycles, it is quite large in the case of a listing on a large exchange like Binance. I think for these reasons, so far we see a lull in the development of this token. And the devs are absolutely right in not forcing things to happen quickly. Yes, from the point of view as a project it is very good, it cannot be denied that things when dealing with a project involving tokens of this magnitude are very Large , but what I Say and Insist is that they do not let it Die , I know that the costs are very high for a top-tier exchange like Binance, but it's okay, let's leave Binance, we have another one that is Famous , it's good , like Kucoin , it's a very renowned Exchange , if they introduce it there at less things can change , also both Kucoin and Binance , they always offer some simple market businesses where they will offer you great things in exchange for trading, it is what is called normally and common as a marketmaker, those are the plans that devs are really Interested in so that they earn money, and they are not bad proposals, they are very good and attractive, besides in those cases they will not let the world Fall , they will have many methods so that they can inject liquidity without Affecting the capital , then it is not bad at all , because if there are many investors who are investing in the token Because they will simply buy and buy, this is a business model where it is practically a win-win, there is no loss there, but they already have a well-assembled scheme, what I don't Understand is why The financial adviser they have does not Recommend this , or maybe they do, and they do not want to take the risk, but they have everything to do it, so having a great infrastructure, the work they have to do now is Marketing , which is very strong , Offering the Token , Make contests, everything that is necessary for them to revive the token. As good Players , investors, we see the tokens well, also if they got into the game of the market, well that is a lot of money, it is too much what they can do as Forecasters , also we know very well what this will be when bitcoin rises of Pice and they have done a good job, the tokes are supposed to Grow , for this Reason it is necessary to do a great job from now on , well that is what I can Say.
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maydna
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September 05, 2023, 04:50:52 PM |
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~snip~
Some bonuses are only available to rank 2 or higher members, so I don't think they can truly take advantage of this feature. Even their free btc (faucet box) is only available to rank 2. Which means, you have a total wager amount of about 3k usdt, which is not very affordable to small rollers. So creating multiple accounts would just be a waste of effort. Anyway, it is up to the team themselves how are they going to handle their reputation in this forum. It is their prerogative to be active here or not. Or find other channels to promote their site. It may take a very long time for small rollers to reach that total bet of around $3k, but that's okay. They don't need to think about it because if they keep betting there and don't think about it, they will slowly get there and reach their total bet. Maybe they don't need to reach that bet total either, especially if they are just gambling for fun. We just try and enjoy gambling in their casino without thinking about many things that will only burden our minds. ~snip~
I don't understand why a casino like this is not active on the forum if many forum members here like to buy tokens, they are very good players and the casino has very good traffic, and that is what matters, that they believe a lot attracting players, it doesn't make sense for a caisno to leave the forum after they met him because it would be like stopping making money, and all it means is that they are going to look for other audiences, even if they have a very good marketer, everything It will lead or sign up to be here in this forum, the Satoshi forum where you will always have the best for online and cryptocurrency casinos, the casino should do things better and consider being active in the for, if they have had problems, then what fix them. We'll never know the cause because their representatives probably won't tell us either. But their casinos are still running as usual and still survive with casinos that also have their gambling tokens. Perhaps it doesn't make sense to us but not to them, and they may also still be promoting in other places that we don't know for sure. But hopefully, in the near future, the casino will announce something important related to the casino and also carry out the signature campaign they previously carried out. It will be a comeback for them on this forum so the other members will see what progress the team from the casino is making.
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Unsoldier
Legendary
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Activity: 1890
Merit: 1487
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September 06, 2023, 12:53:45 PM |
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Betfury announced the 46th BFG token burning 3,252,458 BFG tokens were burned in this session 2 500 000 BFG ($36 475) – Team Burned Part of the team BFG tokens that were received during the mining process 355 210 BFG ($5 182) – Auction Burned BFG tokens used by players for bets in Auction 397 248 BFG ($5 795)– Gaming Burned BFG tokens from lost bets Total burnt amount BFG tokens: 1 646 170 932 BFG (32,92% of the total supply) https://betfury.io/news/bfg-burning-46
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dwyane36
Legendary
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Activity: 3038
Merit: 2287
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September 08, 2023, 02:23:06 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period.
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leonair
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September 08, 2023, 04:15:05 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Yes token burning can never help BFG token price increase. To get BGF token in a good position it is necessary to list it on a good exchange and keep high liquidity there. And market making to attract traders by increasing the trading of tokens. When BFG launched there was a lot of hype about BFG and along with Betfurry Casino, its BFG token was very popular with gamblers. But gradually they lost its popularity. So it will be very difficult for them to take it back to the previous place
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AbuBhakar
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September 08, 2023, 04:36:49 PM |
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Yes token burning can never help BFG token price increase. To get BGF token in a good position it is necessary to list it on a good exchange and keep high liquidity there. And market making to attract traders by increasing the trading of tokens. When BFG launched there was a lot of hype about BFG and along with Betfurry Casino, its BFG token was very popular with gamblers. But gradually they lost its popularity. So it will be very difficult for them to take it back to the previous place
Generally speaking, Token burning is really useless if the team is just burning the supply that is not from open market because the circulating is not being decrease and only the potential supply tokens is just being minimize. The only way token burning will work in BFG tokens if the team stop using the reserve tokens to spend on giveaway such as airdrop and start buying back regularly on the open market then burn it all. The casino is consistently gaining profit while this profit should be use to boost the price of BFG by slowly buying back in the exchange and burn it just like owl.games doing with their token.
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babygun
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September 08, 2023, 04:46:01 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Yeah, that difference is not massive enough to make an impact on the price but I doubt they will change the way they currently do it. However, whenever the burning occurs, it has an impact on the daily dividends you get. It only lasts a couple of days but always nice to receive a bit more dividend.
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Unsoldier
Legendary
Offline
Activity: 1890
Merit: 1487
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September 08, 2023, 08:30:41 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. I agree with you. 23 years is a long time. But you can look at it another way. In 3 years, about 5% of the tokens of the total supply will be burned. But still I would like to see Betfury take more decisive actions that can increase the price and liquidity of BFG.
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serjent05
Legendary
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Activity: 3024
Merit: 1280
Get $2100 deposit bonuses & 60 FS
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September 08, 2023, 10:26:28 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Token burning is actually only a marketing ploy regardless of the percentage they are burning. This is a buzzword to attract the interest of the investors making them think that the token will eventually have a higher value due to the omission of token from the circulation. At least the team is true to their word that they will be burning tokens in scheduled time, unlike other projects that promise this kind of token burn and yet they just do it once or twice then they stop.
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danadc
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September 08, 2023, 10:40:09 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Token burning is actually only a marketing ploy regardless of the percentage they are burning. This is a buzzword to attract the interest of the investors making them think that the token will eventually have a higher value due to the omission of token from the circulation. At least the team is true to their word that they will be burning tokens in scheduled time, unlike other projects that promise this kind of token burn and yet they just do it once or twice then they stop. When I read that there is burning of tokens, yes, it excites me, but seeing that its price has not changed much, it is something that disappoints me, but it can be added, it does not matter, I tell myself, there could be great opportunities with this token, but When reviewing, they have put the token as an exchange that is worth it, an exchange that is centralized, well that does disappoint me, I have a few tokens, because the truth is that I have sold it with all the sadness of the world, but I don't see that There is an emotion or something that tells me that this is going to get better, that this is going to be bigger, that's what I say, they don't take advantage of Casino Tokens.
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AmoreJaz
Legendary
Offline
Activity: 3276
Merit: 1104
Leading Crypto Sports Betting & Casino Platform
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September 08, 2023, 11:56:13 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Token burning is actually only a marketing ploy regardless of the percentage they are burning. This is a buzzword to attract the interest of the investors making them think that the token will eventually have a higher value due to the omission of token from the circulation. At least the team is true to their word that they will be burning tokens in scheduled time, unlike other projects that promise this kind of token burn and yet they just do it once or twice then they stop. When I read that there is burning of tokens, yes, it excites me, but seeing that its price has not changed much, it is something that disappoints me, but it can be added, it does not matter, I tell myself, there could be great opportunities with this token, but When reviewing, they have put the token as an exchange that is worth it, an exchange that is centralized, well that does disappoint me, I have a few tokens, because the truth is that I have sold it with all the sadness of the world, but I don't see that There is an emotion or something that tells me that this is going to get better, that this is going to be bigger, that's what I say, they don't take advantage of Casino Tokens. if nothing else, this is one of the casino tokens that is actually surviving in the trading market. the burning may have not helped in improving its price but the team is following thru their plans. now, they need to think about other services that can actually alleviate its value in the market. they need to take advantage the fact that their token is still supported by many gamblers.
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ultrloa
Legendary
Offline
Activity: 2926
Merit: 1272
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September 09, 2023, 10:41:58 AM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Token burning is actually only a marketing ploy regardless of the percentage they are burning. This is a buzzword to attract the interest of the investors making them think that the token will eventually have a higher value due to the omission of token from the circulation. At least the team is true to their word that they will be burning tokens in scheduled time, unlike other projects that promise this kind of token burn and yet they just do it once or twice then they stop. When I read that there is burning of tokens, yes, it excites me, but seeing that its price has not changed much, it is something that disappoints me, but it can be added, it does not matter, I tell myself, there could be great opportunities with this token, but When reviewing, they have put the token as an exchange that is worth it, an exchange that is centralized, well that does disappoint me, I have a few tokens, because the truth is that I have sold it with all the sadness of the world, but I don't see that There is an emotion or something that tells me that this is going to get better, that this is going to be bigger, that's what I say, they don't take advantage of Casino Tokens. if nothing else, this is one of the casino tokens that is actually surviving in the trading market. the burning may have not helped in improving its price but the team is following thru their plans. now, they need to think about other services that can actually alleviate its value in the market. they need to take advantage the fact that their token is still supported by many gamblers. At Least for now they are doing something like another round of token burning since it can help lessen their supplies and maybe in future they might not struggle if they do some good updates or maybe even a buyback option then it can help to get a good pump. For now we can understand that not everyone is impress with this announcement but we should support and see the long term effect of their future actions.
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wiss19
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September 09, 2023, 02:51:45 PM |
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as a casino I would always be active on this forum as the community is pretty huge and it can have an impact on any site. While Twitter or Telegram have a lot more members, how many new signups do you really get from there? It is filled with bots trying to claim all the bonus code casinos give out.
Besides that, the people on Telegram probably want to take advantage of their bonuses by using other accounts so they can get more bonuses than other people. They are trying to cheat the system using multiple accounts. Trying to be active in this forum can help a casino to develop because the casino will get suggestions and criticism from many members. The casino can also provide good service to its members so that good interaction will be created between the casino and its members. This happens in anything that has any "free" word in it. As soon as people hear that, they try to abuse it as much as they can, and if they had the chance they would just take it all themselves without giving it to anyone else. I do not understand the point of trying to bankrupt a casino, just so you could have more money. I understand money runs the world and it's the engine that keeps it turning but at the same time if you accept 1000 today instead of 50 a month, then you are losing on the long run. Keeping a casino running means getting more stuff eventually on the long term, trying to bankrupt it means you win more now, but lose more in the end. That is why it doesn't make sense to try to cheat a casino out of money.
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dwyane36
Legendary
Offline
Activity: 3038
Merit: 2287
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September 09, 2023, 02:52:54 PM |
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I agree with you. 23 years is a long time. But you can look at it another way. In 3 years, about 5% of the tokens of the total supply will be burned. But still I would like to see Betfury take more decisive actions that can increase the price and liquidity of BFG.
If Betfury's team continues to burn an average of the same number of BFG tokens every month as they did last month, they will only burn 2.16% in 3 years, not 5%. So it doesn't matter which way you look at it because there will be no results from these monthly burns. Now, 32.92% of the total BFG emission is burned, and it will probably be ~35% in three years. Will this have any effect on the value of the BFG token? I don't think so, although even 3 years is not a small period for any crypto project.
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dimonstration
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September 09, 2023, 05:15:46 PM |
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I agree with you. 23 years is a long time. But you can look at it another way. In 3 years, about 5% of the tokens of the total supply will be burned. But still I would like to see Betfury take more decisive actions that can increase the price and liquidity of BFG.
If Betfury's team continues to burn an average of the same number of BFG tokens every month as they did last month, they will only burn 2.16% in 3 years, not 5%. So it doesn't matter which way you look at it because there will be no results from these monthly burns. Now, 32.92% of the total BFG emission is burned, and it will probably be ~35% in three years. Will this have any effect on the value of the BFG token? I don't think so, although even 3 years is not a small period for any crypto project. Agree, token is just the way of crypto project gives false hope to token holders because token burn with minimal percentage to the total supply for many years will not gonna give huge impact in long run. We are not sure if Betfury is still running for that year or to the point they will have a significant decrease on the total supply. If they really interested to lift the price. Adding additional rewards feature to token holders is much better compared to burning nonsense tokens that doesn’t give direct impact to the price.
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bittraffic
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September 09, 2023, 08:01:42 PM |
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I agree with you. 23 years is a long time. But you can look at it another way. In 3 years, about 5% of the tokens of the total supply will be burned. But still I would like to see Betfury take more decisive actions that can increase the price and liquidity of BFG.
If Betfury's team continues to burn an average of the same number of BFG tokens every month as they did last month, they will only burn 2.16% in 3 years, not 5%. So it doesn't matter which way you look at it because there will be no results from these monthly burns. Now, 32.92% of the total BFG emission is burned, and it will probably be ~35% in three years. Will this have any effect on the value of the BFG token? I don't think so, although even 3 years is not a small period for any crypto project. Agree, token is just the way of crypto project gives false hope to token holders because token burn with minimal percentage to the total supply for many years will not gonna give huge impact in long run. We are not sure if Betfury is still running for that year or to the point they will have a significant decrease on the total supply. If they really interested to lift the price. Adding additional rewards feature to token holders is much better compared to burning nonsense tokens that doesn’t give direct impact to the price. Why not create more usefulness off the token itself, not just or staking it and get dividends everyday. A Betfury shop I guess or incentives to merchants that accepts BFG. OR whatever the team could think of. BFG is not as worth holding so team could change it to something worth it otherwise, the tokens will not rise even in the Bull run season. Utility of the token is important to have good demands of the token in the market. Burning tokens gives hope, lets see how things work out for them.
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avp2306
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September 10, 2023, 10:54:53 AM |
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I agree with you. 23 years is a long time. But you can look at it another way. In 3 years, about 5% of the tokens of the total supply will be burned. But still I would like to see Betfury take more decisive actions that can increase the price and liquidity of BFG.
If Betfury's team continues to burn an average of the same number of BFG tokens every month as they did last month, they will only burn 2.16% in 3 years, not 5%. So it doesn't matter which way you look at it because there will be no results from these monthly burns. Now, 32.92% of the total BFG emission is burned, and it will probably be ~35% in three years. Will this have any effect on the value of the BFG token? I don't think so, although even 3 years is not a small period for any crypto project. Agree, token is just the way of crypto project gives false hope to token holders because token burn with minimal percentage to the total supply for many years will not gonna give huge impact in long run. We are not sure if Betfury is still running for that year or to the point they will have a significant decrease on the total supply. If they really interested to lift the price. Adding additional rewards feature to token holders is much better compared to burning nonsense tokens that doesn’t give direct impact to the price. Why not create more usefulness off the token itself, not just or staking it and get dividends everyday. A Betfury shop I guess or incentives to merchants that accepts BFG. OR whatever the team could think of. BFG is not as worth holding so team could change it to something worth it otherwise, the tokens will not rise even in the Bull run season. Utility of the token is important to have good demands of the token in the market. Burning tokens gives hope, lets see how things work out for them. What merchants? Do you think they would pass on merchant acceptance if they see the volume is so low? Provably not. We cannot expect any merchant acceptance since even exchange top exchange listing is also not happening yet, maybe for now they need to create big impact or create something cool to attract new investors since maybe for that BFG volume will rise, the price would stretch and for that chances that good acceptance might gonna happen.
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dimonstration
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September 10, 2023, 02:06:05 PM |
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Why not create more usefulness off the token itself, not just or staking it and get dividends everyday. A Betfury shop I guess or incentives to merchants that accepts BFG. OR whatever the team could think of. BFG is not as worth holding so team could change it to something worth it otherwise, the tokens will not rise even in the Bull run season.
Utility of the token is important to have good demands of the token in the market. Burning tokens gives hope, lets see how things work out for them.
This is a good idea. I really like this if the items is can be purchased exclusively on Betfury shop and through the use of BFG tokens only. This will gives the BFG more demand since interested user will need to purchase BFG tokens just to purchase and the profit shoul be allocated to the token buy back. One feature I think they should add is to develop games that can be played using BFG tokens only. An exciting game with a unique feature to attract new players to purchase BFG just to play. The only sad part is we users cares more about the future of token compared to the team that obviously slowly abandoning the token and focus more on the casino. I will not surprise later on that they will remove the token feature in the casino once they use ll the reserve dedicated for the marketing.
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danadc
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September 10, 2023, 03:37:28 PM |
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Why not create more usefulness off the token itself, not just or staking it and get dividends everyday. A Betfury shop I guess or incentives to merchants that accepts BFG. OR whatever the team could think of. BFG is not as worth holding so team could change it to something worth it otherwise, the tokens will not rise even in the Bull run season.
Utility of the token is important to have good demands of the token in the market. Burning tokens gives hope, lets see how things work out for them.
This is a good idea. I really like this if the items is can be purchased exclusively on Betfury shop and through the use of BFG tokens only. This will gives the BFG more demand since interested user will need to purchase BFG tokens just to purchase and the profit shoul be allocated to the token buy back. One feature I think they should add is to develop games that can be played using BFG tokens only. An exciting game with a unique feature to attract new players to purchase BFG just to play. The only sad part is we users cares more about the future of token compared to the team that obviously slowly abandoning the token and focus more on the casino. I will not surprise later on that they will remove the token feature in the casino once they use ll the reserve dedicated for the marketing. What they should do is that they can generate whatever it takes to make the token increase in price, I bought these tokens and that was truly a complete blow and in this thread they do not respond, they do not advise what they are going to do for the token, It's like they don't care at all about the people who buy tokens here with them, they don't Offer answers to the games either, to the casino that's almost like a lack of respect because the money of the players here is also worth it, the fact that They have decided to fight with other users does not mean that Everyone is the same or that they pay the same with other users , that is something that is very Ugly.
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Fivestar4everMVP
Legendary
Offline
Activity: 2436
Merit: 1085
Leading Crypto Sports Betting & Casino Platform
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September 10, 2023, 03:47:31 PM |
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As for me, this is another confirmation that all monthly BFG token burns are just marketing tricks and nothing more. If we compare this burning with the previous one, the difference is only 0.06% of the total BFG emission. This is too insignificant because if they continue burning tokens at this rate, it will take them more than 23 years to reach the mark of 50% of the total emission. It doesn't make much sense because BFG and Betfury will most likely lose their relevance over such a long period. Token burning is actually only a marketing ploy regardless of the percentage they are burning. This is a buzzword to attract the interest of the investors making them think that the token will eventually have a higher value due to the omission of token from the circulation. At least the team is true to their word that they will be burning tokens in scheduled time, unlike other projects that promise this kind of token burn and yet they just do it once or twice then they stop. Well, I have to agree with you honestly, it actually baffles me when some project owners will launch a new project, purposely minting billions or even trillions of tokens as a supply, then just as the project is kicking off, they will announce a token burn and hype it like it's one special event that could make every one holding the token at the time rich .. All this are marketing tactics that used to work a long time ago, but no longer this days, the crypto market have matured and grown past that that level, I personally just look away from projects that use Burn as a marketing tactics.. But still, BFG's method of burn is quite different, and for the fact that the team have been consistent with the periodic burn, that indeed is a plus for them, and also the holders of the token.
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