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[SATWAT]

If you look at the data on the CMC site, the trading volume of the BFG token has actually increased in the last 24 hours and now stands at $80k. However, this isn't a thing to pay attention to as this has happened before from time to time, and the trading volume of the BFG token didn't stay above this value for a long time. I think the volumes are likely to drop below $10k again soon.

The most surprising thing that happened despite the volume increase a lot was the price didn’t move any significant percentage neither up or down which means someone just keep buying and selling with minimal price change that resulted to this volume which is now slowly going down.

Normally the price should move in huge percentage considering how illiquid this token while the trading volume is huge. It’s look like a wash trading but of course there’s proof for this. It’s just uncomprehending to se the volume suddenly increased while the price didn’t move much.

No doubt this is really problem for the community as we are having increase in trading volume but sadly at the end we are having no movement in price which is showing its not good deal and here I have to be agreed with @dwyane36 he is absolutely right about this increase and decrease of volume its common without any positive impact on this project.
Usually we have some increase if we have increase in trading volume but here nothing is going normal which is another negative point against this project or may be team related peoples doing something even nothing is sure or official about this all with right now its wired things happening around this.

[dwyane36]

The most surprising thing that happened despite the volume increase a lot was the price didn’t move any significant percentage neither up or down which means someone just keep buying and selling with minimal price change that resulted to this volume which is now slowly going down.

Normally the price should move in huge percentage considering how illiquid this token while the trading volume is huge. It’s look like a wash trading but of course there’s proof for this. It’s just uncomprehending to se the volume suddenly increased while the price didn’t move much.

I wouldn't say the BFG token is completely illiquid. As I mentioned earlier, there is enough liquidity concentrated on the BFG/USDT pair on Biswap. There is $1,3 million liquidity there at the moment, and I think this is more than enough to ensure that buys/sells of BFG tokens worth several tens of thousands of dollars don't provoke sharp price fluctuations.

[sunsilk]

I wouldn't say the BFG token is completely illiquid. As I mentioned earlier, there is enough liquidity concentrated on the BFG/USDT pair on Biswap. There is $1,3 million liquidity there at the moment, and I think this is more than enough to ensure that buys/sells of BFG tokens worth several tens of thousands of dollars don't provoke sharp price fluctuations.

Where did you see this $1.3M liquidity for USDT/BFG on Biswap? Data that are provided by the websites that we typically look at like cmc and coingecko don't show this much.

Looking at how much it also indicates on biswap's farm or liquidity pool for USDT/BFG for its total liquidity is around $58,704. And upon viewing the analytics of its total liquidity is around $125k.

[dwyane36]

Where did you see this $1.3M liquidity for USDT/BFG on Biswap? Data that are provided by the websites that we typically look at like cmc and coingecko don't show this much.

Looking at how much it also indicates on biswap's farm or liquidity pool for USDT/BFG for its total liquidity is around $58,704. And upon viewing the analytics of its total liquidity is around $125k.

Sites like CMC and Coingecko usually display volumes and market caps, not total liquidity for any token. What you wrote about liquidity is true, and Biswap actually has liquidity of $125k, but it's only for V3. However, if you select the pools V2 tab on the Biswap site, you will also see the BFG/USDT pair with liquidity of $1,3 million.

[sunsilk]

Where did you see this $1.3M liquidity for USDT/BFG on Biswap? Data that are provided by the websites that we typically look at like cmc and coingecko don't show this much.

Looking at how much it also indicates on biswap's farm or liquidity pool for USDT/BFG for its total liquidity is around $58,704. And upon viewing the analytics of its total liquidity is around $125k.

Sites like CMC and Coingecko usually display volumes and market caps, not total liquidity for any token. What you wrote about liquidity is true, and Biswap actually has liquidity of $125k, but it's only for V3. However, if you select the pools V2 tab on the Biswap site, you will also see the BFG/USDT pair with liquidity of $1,3 million.

Oh right, I didn't look at the V2 because I thought that the most updated one is V3. And after taking a look at it, I don't see that $1.3M for its USDT-BFG on the pair or maybe I am looking at the wrong one.

Is the one that you're saying with 18.48% APR? and 0.13X multiplier? Because on the V3 that you and I've mentioned got 55.70% APR.

[FanEagle]

It is quite interesting to realize that we are watching something that we did not expected, which is BFG getting some attention and in the casino world, the casino tokens usually do not have any interest at all, and no volume at all, so BFG is at least trying. I am not saying that it is a great investment, if you do not want to invest into it then I totally understand it because it is not really that great feeling to invest into the only successful one, because you fear that what happened to all other casino tokens could happen to this one, and I get it.

But looking at the LP and the volume, we can say that it is not really that bad, many people assume it is not that great but the reality is that it is as good as it gets right now.

[Fivestar4everMVP]

It is quite interesting to realize that we are watching something that we did not expected, which is BFG getting some attention and in the casino world, the casino tokens usually do not have any interest at all, and no volume at all, so BFG is at least trying. I am not saying that it is a great investment, if you do not want to invest into it then I totally understand it because it is not really that great feeling to invest into the only successful one, because you fear that what happened to all other casino tokens could happen to this one, and I get it.

But looking at the LP and the volume, we can say that it is not really that bad, many people assume it is not that great but the reality is that it is as good as it gets right now.

It is important you understand the time that we are in, and this is that we are in a possible bull season, and in seasons like this, even the most deadliest of all tokens still makes some moves as long as the token or coin is listed and traded somewhere.

And you are actually wrong to say that in the casino world, casino tokens don't have any interest or volume, this is an unresearched statement and totally wrong, and on this note, I will like to ask you if you have taken a look at RLB (Rollbit token), this token have been doing well for as long as I can remember, made it to over $600 million in market cap and almost entered the top 100 on coinmarketcap ranking, if we compare BFG to RLB, which I know you know that both are casino tokens, you did realize that BFG hasn't gone any where in terms of growth.

[dwyane36]

And you are actually wrong to say that in the casino world, casino tokens don't have any interest or volume, this is an unresearched statement and totally wrong, and on this note, I will like to ask you if you have taken a look at RLB (Rollbit token), this token have been doing well for as long as I can remember, made it to over $600 million in market cap and almost entered the top 100 on coinmarketcap ranking, if we compare BFG to RLB, which I know you know that both are casino tokens, you did realize that BFG hasn't gone any where in terms of growth.

Yep, if we compare both tokens in terms of market cap and daily trading volume, the BFG token is vastly inferior to the RLB token. Maybe the reason isn't only in token development but also because the RLB token is in the ETH network while the BFG token is in the BNB network. It is also notable that both aren't listed on any popular centralized exchanges, which only means that exchanges don't really want to add gambling tokens.

[o48o]

And you are actually wrong to say that in the casino world, casino tokens don't have any interest or volume, this is an unresearched statement and totally wrong, and on this note, I will like to ask you if you have taken a look at RLB (Rollbit token), this token have been doing well for as long as I can remember, made it to over $600 million in market cap and almost entered the top 100 on coinmarketcap ranking, if we compare BFG to RLB, which I know you know that both are casino tokens, you did realize that BFG hasn't gone any where in terms of growth.

Yep, if we compare both tokens in terms of market cap and daily trading volume, the BFG token is vastly inferior to the RLB token. Maybe the reason isn't only in token development but also because the RLB token is in the ETH network while the BFG token is in the BNB network. It is also notable that both aren't listed on any popular centralized exchanges, which only means that exchanges don't really want to add gambling tokens.

Well FUN token is in binance so i don't the reason is that they avoid gambling tokens.

What i am certain of is that BFG isn't regulatory compliant token, and big CEXes are careful of listing those even with unclear cases. Cost of listing might end up being way more then they get from the listing / trading fees.

I am not sure why rollbit isn't listed in CEXes but i am only familiar with the basics of it. And from what i know about it, their tokenomics make more sense. But they seem to be doing ok without CEX listing because people are actually interested about it. Even BFG has surprisingly high, and if would be only looking at charts and tokenomics on the surface, i might even end up buying it myself, so i certainly understand if someone wants to.

Could that liquidity be because of high LP rewards? Or because of some airdrop in biswap people are waiting for?

[BetFury.io]

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[Eternad]

Well FUN token is in binance so i don't the reason is that they avoid gambling tokens.

What i am certain of is that BFG isn't regulatory compliant token, and big CEXes are careful of listing those even with unclear cases. Cost of listing might end up being way more then they get from the listing / trading fees.

You’re right the BFG tokens are not yet compliant to be listed on CEX due to their license requirements. This was mentioned before by the Betfury representative when they are still active here on the ANN thread.

The only reason why FUN token was listed on CEX specifically Binance is that they are listed before they are acquired by Freebitco.in meaning they are not originally a casino token but rather a utility token for gaming that later became solely gambling token.

Binance already listed them before the changes so they are still listed on exchanges while the rest need to comply with a complicated license.

[dwyane36]

You’re right the BFG tokens are not yet compliant to be listed on CEX due to their license requirements. This was mentioned before by the Betfury representative when they are still active here on the ANN thread.

The only reason why FUN token was listed on CEX specifically Binance is that they are listed before they are acquired by Freebitco.in meaning they are not originally a casino token but rather a utility token for gaming that later became solely gambling token.

Binance already listed them before the changes so they are still listed on exchanges while the rest need to comply with a complicated license.

If the lack of listing on popular centralized exchanges is only because of license requirements, then I think the Betfury team would be able to fix it. However, if there has been no progress in this regard for so long, we can assume that listing on the exchanges isn't a priority task for them now.
By the way, look at the chart of the BFG token. For the first time in a long time, the BFG price has risen above 2 cents, and this is probably due to the recent announcement of BFG's new tokenomics and deflationary strategy update. Surprisingly, it looks like the Betfury team is trending in the right way.

[SATWAT]

You’re right the BFG tokens are not yet compliant to be listed on CEX due to their license requirements. This was mentioned before by the Betfury representative when they are still active here on the ANN thread.

The only reason why FUN token was listed on CEX specifically Binance is that they are listed before they are acquired by Freebitco.in meaning they are not originally a casino token but rather a utility token for gaming that later became solely gambling token.

Binance already listed them before the changes so they are still listed on exchanges while the rest need to comply with a complicated license.

If the lack of listing on popular centralized exchanges is only because of license requirements, then I think the Betfury team would be able to fix it. However, if there has been no progress in this regard for so long, we can assume that listing on the exchanges isn't a priority task for them now.
By the way, look at the chart of the BFG token. For the first time in a long time, the BFG price has risen above 2 cents, and this is probably due to the recent announcement of BFG's new tokenomics and deflationary strategy update. Surprisingly, it looks like the Betfury team is trending in the right way.

In long run they were not interested to have listening on any exchange because they were never been give any update or having any activity about this so most chances we will be not had anything related to this in near future but if someone from team having change of mind in coming months this could be also beneficial for them and community as well.
This is good news now they are updating tokenmics and giving good updates about their future if they are keep going like this surely we will be having more increase in price which will be helpful for the investors and also for this token with now they need to think about listening as well which will be give them good response if they are looking for the license.

[Wapfika]

In long run they were not interested to have listening on any exchange because they were never been give any update or having any activity about this so most chances we will be not had anything related to this in near future but if someone from team having change of mind in coming months this could be also beneficial for them and community as well.

Betfury already make a clear opinion about exchange listing is not their top priority anymore especially on CEX that has a much complicated requirements for listing gambling tokens. They are only prioritizing DEX listing and offers partnership benefits in a form of boosted APR for staking BFG and DEX utility token.

This is good news now they are updating tokenmics and giving good updates about their future if they are keep going like this surely we will be having more increase in price which will be helpful for the investors and also for this token with now they need to think about listening as well which will be give them good response if they are looking for the license.

The current update doesn’t give any huge impact on the overall valuation of the token since they just offer a long term lock with enhance APR without any real additional feature that will rewards token holders.

[coinerer]

You’re right the BFG tokens are not yet compliant to be listed on CEX due to their license requirements. This was mentioned before by the Betfury representative when they are still active here on the ANN thread.

The only reason why FUN token was listed on CEX specifically Binance is that they are listed before they are acquired by Freebitco.in meaning they are not originally a casino token but rather a utility token for gaming that later became solely gambling token.

Binance already listed them before the changes so they are still listed on exchanges while the rest need to comply with a complicated license.

If the lack of listing on popular centralized exchanges is only because of license requirements, then I think the Betfury team would be able to fix it. However, if there has been no progress in this regard for so long, we can assume that listing on the exchanges isn't a priority task for them now.
By the way, look at the chart of the BFG token. For the first time in a long time, the BFG price has risen above 2 cents, and this is probably due to the recent announcement of BFG's new tokenomics and deflationary strategy update. Surprisingly, it looks like the Betfury team is trending in the right way.

In long run they were not interested to have listening on any exchange because they were never been give any update or having any activity about this so most chances we will be not had anything related to this in near future but if someone from team having change of mind in coming months this could be also beneficial for them and community as well.
This is good news now they are updating tokenmics and giving good updates about their future if they are keep going like this surely we will be having more increase in price which will be helpful for the investors and also for this token with now they need to think about listening as well which will be give them good response if they are looking for the license.

Unless BFG token is listed on a new good exchange, it can't generate new hype. Because the trust of investors has gone up a lot from it. the reason for this is that even if you keep investing on it for a long time, it is not possible to get any big returns from it. However, many altcoin utility tokens appear regularly in the crypto market and these are largely Islamic, but BFG is to be commended for surviving in the market for a long time.  But the reason it survives is that the Betfurry casino site still has a large number of gamblers

[iv4n]

Unless BFG token is listed on a new good exchange, it can't generate new hype...

And when was the old hype? This is the millionth time in this thread that someone has brought up the BFG token listing and how it will affect the price... you people are living in an illusion. BFG can be listed in all exchanges at once and nothing special will happen, this token is not created for some mass usage or I don't know what. It's a casino token with a few staking options and that's it, and if you ask people who are not gamblers they would never choose this option, there are many other better and safer options for staking.

Betfury casino has really stepped up and made an amazing place to play with lots of options on the site itself, and as long as Betfury lasts so will the BFG token. I think many people here expect too much from this token, it can bring some nice rewards on the site, but I doubt we will see the price of BFG rise.

[sunsilk]

In long run they were not interested to have listening on any exchange because they were never been give any update or having any activity about this so most chances we will be not had anything related to this in near future but if someone from team having change of mind in coming months this could be also beneficial for them and community as well.
This is good news now they are updating tokenmics and giving good updates about their future if they are keep going like this surely we will be having more increase in price which will be helpful for the investors and also for this token with now they need to think about listening as well which will be give them good response if they are looking for the license.

I haven't read entirely about their new tokenomics but it seems that they're aware of what the investors want to have. About exchange and listing, I think that they have it on planned as they want to add liquidity on exchanges as mentioned on their new tokenomics.

They have added some burning and buyback mechanism but it's not going to be felt as soon as possible after they've released that. So, with their update, it's giving some light of hope from those investors that have lost a bit of hope about BFG.

Having a burning mechanism and locking team dev's tokens, looks welcoming change or this was the model before?

[avp2306]

Unless BFG token is listed on a new good exchange, it can't generate new hype...

And when was the old hype? This is the millionth time in this thread that someone has brought up the BFG token listing and how it will affect the price... you people are living in an illusion. BFG can be listed in all exchanges at once and nothing special will happen, this token is not created for some mass usage or I don't know what. It's a casino token with a few staking options and that's it, and if you ask people who are not gamblers they would never choose this option, there are many other better and safer options for staking.

Betfury casino has really stepped up and made an amazing place to play with lots of options on the site itself, and as long as Betfury lasts so will the BFG token. I think many people here expect too much from this token, it can bring some nice rewards on the site, but I doubt we will see the price of BFG rise.

Its undeniable that this is what people like to see so maybe what he meant is the short time hype what possible could bring on those news that BFG will be listed on a big exchange. For sure there's a lot of people like that to happen that's why this maybe can give them some good points from investors if at least they could able to make it happen. Although there's nothing guarantee that people will accumulate because what they want to happen is already there. Many expect to much from BFG before because they see a good potential but right now which some of those old investors got disappointed for what happen here I guess they still in doubt to participate since they don't know what will happen to BFG if they could able to perform well or they became stable just like what happen to them for so many months.

Although BFG is really good its just what action they made did not sell from other people here since maybe they really expect a lot and think that there's something good to happen but some of them got disappointed since their expectation for BFG has not been achieve for many months of waiting.

[o48o]

-cut-
They have added some burning and buyback mechanism but it's not going to be felt as soon as possible after they've released that. So, with their update, it's giving some light of hope from those investors that have lost a bit of hope about BFG.

Having a burning mechanism and locking team dev's tokens, looks welcoming change or this was the model before?

What's this? I haven't seen any other plan then current one where they are burning their own tokens that weren't ever touching the market in the first place, so of course that doesn't do anything for the price. And now they want users to lock their tokens themselves which i found hilarious. Like raising their hands up and saying "it's up to you now, we did all we could".

I don't know which is worse; their lying, inability to plane game theory for tokenomics, looking down on their users and thinking they are stupid enough not to see trough this scam. That their users woldn't realize that team doesn't care. Or their intolerance for any criticism.

If Yobit was a casino, it would be planned as something like this.

[dwyane36]

I haven't read entirely about their new tokenomics but it seems that they're aware of what the investors want to have. About exchange and listing, I think that they have it on planned as they want to add liquidity on exchanges as mentioned on their new tokenomics.

They have added some burning and buyback mechanism but it's not going to be felt as soon as possible after they've released that. So, with their update, it's giving some light of hope from those investors that have lost a bit of hope about BFG.

Having a burning mechanism and locking team dev's tokens, looks welcoming change or this was the model before?

At first glance, that announcement about the new BFG tokenomics and the updated deflationary strategy looks promising. So, I'm inclined to think that the community should give a chance to the Betfury team, and drawing any conclusions about the new tokenomics as well as the impact of the updated deflationary strategy on the BFG price only makes sense closer to the end of this year.