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[o48o]

I have never seen any other gambling token get as much discussion on this forum as BFG Token. Although there is a lot of discussion about it, it is not traded accordingly. Due to which its price is dropping day by day and trading volume is also decreasing. yes there was a lot of hype on it around 2019 but now slowly everyone is forgetting about it. Betfurry casino site features are not bad but their market strategy is not good due to which their popularity is decreasing.  And their competitors are doing better than them.

What are you talking about? There are 3 gambling tokens over BFG in coinmarketcap and Rollbit announcement is full of $RLB talk, starting from latest posts. So has Shuffle ANN and Fun token of Freebitcoin wasn't really main attraction in the first place, and i haven't followed all those pages if people still chat about it.

Difference here is that others aren't disappointed with their casino. Other casinos have an actual plan and sensible tokenomics.

I understand if you want to keep positive attitude and focus on things that make sense and work, but it's the team who build the casino wrapped to the token fundamentals. That token was supposed to be for attracting users, but funny enough, with their marketing and fundamentals, that token ended up being probably the main reason why they ended up losing lot of customers.

Also i am not sure if Betfurry typo was accidental but it was hilarious.

[Unsoldier]

I don't really understand why Betfury choose to not focus in this forum, I think this forum is the one who make them big because this thread is quite active even though they didn't run any promotion and keep in touch with the gamblers. It's not easy for casino without promotion can survive in this forum, most of them are being abandoned by the gamblers.
///

Betfury held a signature campaign on this forum several years ago, and many forum users, including myself, received good rewards for participating. The casino also ran several shorter campaigns. I believe Betfury established itself as a reliable casino by paying out rewards to campaign participants. That's why this thread remains active, with ongoing discussions.

[TopTort777]

If BFG can be in the top 100 lists, they will attract more investor to invest in their project while they can also playing gambling in their site.

I guess their plan is not anywhere close to attracting more investors... they are a casino, and they want to attract more players, and they doing that by investing in different promotions and on-site perks. BFG is just one of the perks... by holding them (staking) on the site you get some coins, or you can stake them to get more BFG. You can also use it for gambling if you want to.

Maybe they will change the course one day, or maybe not... I guess we will see.

The way they use their BFG tokens as reward token only with minimal benefits for holders make this token very hard to be in top 100. The circulating supply is always flooded by the new tokens being generate as form of rewards that immediately sold in the market.

The only way to boost the price is to have a regular buy back that is greater to the amount of token being distributed as rewards in the casino and other form of Betfury marketing that pay in airdrop.

Instead of buying back, they burn tokens every month. This should help to increase the price, but it only helps to save it from going down. Maybe they should burn more tokens monthly. 50-60k dollars worth burn isnt enough. Probably. I dont know. Anyway, it does not look that BFG token get any real price growth, instead of correcting to current Bitcoin price. Maybe it will be smart to readjust account levelling, cashback and rake back to amount BFG user hold (the more you hold, the more % you get), but it seems it is too late to do that.

[o48o]

Instead of buying back, they burn tokens every month. This should help to increase the price, but it only helps to save it from going down. Maybe they should burn more tokens monthly. 50-60k dollars worth burn isnt enough. Probably. I dont know. Anyway, it does not look that BFG token get any real price growth, instead of correcting to current Bitcoin price. Maybe it will be smart to readjust account levelling, cashback and rake back to amount BFG user hold (the more you hold, the more % you get), but it seems it is too late to do that.

If we don't count the tokens that are burned because they are lost in gambling (which are provided by users themselves), they are just burning tokens from their own treasury (which they misleadingly call buyback bwt). Those tokens were never going to be on the free market, so "buying" them and burning them is not creating support .

So that's not in any way contributing to price. What it's technically contributing to, is rising the marketcap, and that's misleading as well, because marketcap is traditionally counted only with circulating tokens, and those tokens weren't planned to be in real circulation anyway, so burning then is a just smoke and mirrors and a charade. They aren't even using their profits to "buy" it back.

[Taskford]

If BFG can be in the top 100 lists, they will attract more investor to invest in their project while they can also playing gambling in their site.

I guess their plan is not anywhere close to attracting more investors... they are a casino, and they want to attract more players, and they doing that by investing in different promotions and on-site perks. BFG is just one of the perks... by holding them (staking) on the site you get some coins, or you can stake them to get more BFG. You can also use it for gambling if you want to.

Maybe they will change the course one day, or maybe not... I guess we will see.

The way they use their BFG tokens as reward token only with minimal benefits for holders make this token very hard to be in top 100. The circulating supply is always flooded by the new tokens being generate as form of rewards that immediately sold in the market.

The only way to boost the price is to have a regular buy back that is greater to the amount of token being distributed as rewards in the casino and other form of Betfury marketing that pay in airdrop.

Instead of buying back, they burn tokens every month. This should help to increase the price, but it only helps to save it from going down. Maybe they should burn more tokens monthly. 50-60k dollars worth burn isnt enough. Probably. I dont know. Anyway, it does not look that BFG token get any real price growth, instead of correcting to current Bitcoin price. Maybe it will be smart to readjust account levelling, cashback and rake back to amount BFG user hold (the more you hold, the more % you get), but it seems it is too late to do that.

I guess I see this done by RLB and so far they impressed their community by having that token burning every month if I'm not wrong. If BFG could able to have this maybe there's something good will happen to their token and somehow people might think about acquiring then hold it since there's something like this happening. But BFG team didn't think about that yet and the only thing they could offer is the current one we see.

But who knows maybe they have other plans. So let see how they take action on certain situation happened on BFG and if they listed on the suggestion of people in their thread. Many people want to see BFG pumping since for many months it didn't get much good price movement.

[dwyane36]

If we don't count the tokens that are burned because they are lost in gambling (which are provided by users themselves), they are just burning tokens from their own treasury (which they misleadingly call buyback bwt). Those tokens were never going to be on the free market, so "buying" them and burning them is not creating support .

So that's not in any way contributing to price. What it's technically contributing to, is rising the marketcap, and that's misleading as well, because marketcap is traditionally counted only with circulating tokens, and those tokens weren't planned to be in real circulation anyway, so burning then is a just smoke and mirrors and a charade. They aren't even using their profits to "buy" it back.

Yes, that updated tokenomics and the burning process initially looked good on paper, but it's been a few months since then, and unfortunately, it still doesn't work as well as BFG holders would like. By the way, the volume of their last burning transaction was only $21k, which is noticeably less than it was a year ago.

[Unsoldier]

If BFG can be in the top 100 lists, they will attract more investor to invest in their project while they can also playing gambling in their site.

I guess their plan is not anywhere close to attracting more investors... they are a casino, and they want to attract more players, and they doing that by investing in different promotions and on-site perks. BFG is just one of the perks... by holding them (staking) on the site you get some coins, or you can stake them to get more BFG. You can also use it for gambling if you want to.

Maybe they will change the course one day, or maybe not... I guess we will see.

The way they use their BFG tokens as reward token only with minimal benefits for holders make this token very hard to be in top 100. The circulating supply is always flooded by the new tokens being generate as form of rewards that immediately sold in the market.

The only way to boost the price is to have a regular buy back that is greater to the amount of token being distributed as rewards in the casino and other form of Betfury marketing that pay in airdrop.

Instead of buying back, they burn tokens every month. This should help to increase the price, but it only helps to save it from going down. Maybe they should burn more tokens monthly. 50-60k dollars worth burn isnt enough. Probably. I dont know. Anyway, it does not look that BFG token get any real price growth, instead of correcting to current Bitcoin price. Maybe it will be smart to readjust account levelling, cashback and rake back to amount BFG user hold (the more you hold, the more % you get), but it seems it is too late to do that.

I guess I see this done by RLB and so far they impressed their community by having that token burning every month if I'm not wrong. If BFG could able to have this maybe there's something good will happen to their token and somehow people might think about acquiring then hold it since there's something like this happening. But BFG team didn't think about that yet and the only thing they could offer is the current one we see.

But who knows maybe they have other plans. So let see how they take action on certain situation happened on BFG and if they listed on the suggestion of people in their thread. Many people want to see BFG pumping since for many months it didn't get much good price movement.

I think the rise in BFG's price is disadvantageous for the casino because bets would become too expensive for many users, especially those with smaller balances. This would reduce activity on the platform as people might bet less frequently or hold onto the token, hoping for further price increases. Additionally, volatility could lead to significant losses if the price suddenly drops. Ultimately, Betfury might lose part of its user base and be forced to revise its betting policies.

[ethereumhunter]

I guess their plan is not anywhere close to attracting more investors... they are a casino, and they want to attract more players, and they doing that by investing in different promotions and on-site perks. BFG is just one of the perks... by holding them (staking) on the site you get some coins, or you can stake them to get more BFG. You can also use it for gambling if you want to.

Maybe they will change the course one day, or maybe not... I guess we will see.

Yes, you are right. All casinos want to have bigger profit so they will do many things to attract more gamblers to play in their sites. But they also gives another benefit to their gamblers to be an investor by staking their token. We see that the investor can increase their BFG token while they playing gambling. That is the advantage they can get from the staking.

While BFG token now is at #992, it seems still difficult to lift their position. But everything can be possible to happen so they still have a chance to increase their token price. Maybe that can give them a better position in the market. People who already invest in their token will get their profit when that is happen.

[dwyane36]

While BFG token now is at #992, it seems still difficult to lift their position. But everything can be possible to happen so they still have a chance to increase their token price. Maybe that can give them a better position in the market. People who already invest in their token will get their profit when that is happen.

As I see, the aggregator sites rank the BFG token slightly differently. The CMC site ranks the BFG token at the 720th spot with a circulating supply of 1,1 billion tokens, while the coingecko site displays a circulating supply of 1,03 billion BFG tokens, and accordingly, the market cap is slightly lower.
In any case, the BFG token will only be able to move up if it is listed on at least a couple of popular exchanges. But as I understand, the Betfury team has no plans to do so soon.

[ethereumhunter]

As I see, the aggregator sites rank the BFG token slightly differently. The CMC site ranks the BFG token at the 720th spot with a circulating supply of 1,1 billion tokens, while the coingecko site displays a circulating supply of 1,03 billion BFG tokens, and accordingly, the market cap is slightly lower.
In any case, the BFG token will only be able to move up if it is listed on at least a couple of popular exchanges. But as I understand, the Betfury team has no plans to do so soon.

I use CoinGecko to check the BFG position and right now, the token lift its position to be #964. That a good moves as yesterday the number was at #992. Listing to many popular exchanges will help BFG to gain more trader and investor so that will help them to lift their position. Maybe we don't know what plan that the BFG team have and want to work because they will not tells all of their plan to public. So we can only wait for them show what they will do with their token and hopefully, that can lift their token position better.

[Fredomago]

As I see, the aggregator sites rank the BFG token slightly differently. The CMC site ranks the BFG token at the 720th spot with a circulating supply of 1,1 billion tokens, while the coingecko site displays a circulating supply of 1,03 billion BFG tokens, and accordingly, the market cap is slightly lower.
In any case, the BFG token will only be able to move up if it is listed on at least a couple of popular exchanges. But as I understand, the Betfury team has no plans to do so soon.

I use CoinGecko to check the BFG position and right now, the token lift its position to be #964. That a good moves as yesterday the number was at #992. Listing to many popular exchanges will help BFG to gain more trader and investor so that will help them to lift their position. Maybe we don't know what plan that the BFG team have and want to work because they will not tells all of their plan to public. So we can only wait for them show what they will do with their token and hopefully, that can lift their token position better.

It helps for the project being listed to a much bigger exchange,  it's been quite a while but like what both of you said,  it's only the team who can work on it and those who still supporting this asset just need to wait for whatever update the team will provide, as long as the project still moving and there's still volumes it's going to depend with traders and investors whether they continue holding or look for other options and opportunities.

[Odusko]

I think it would be more correct for BetFury to focus on gambling, than spread their focus on that token. Because I see more and more here, that people discuss their token more than their casino. If first they were a casino and token was an addition to a project, now it seems that people expect more and new achievements from that token, than from a casino.

There is a lot of discussion about the BFG token in this thread because it's an important part of Betfury. Moreover, BFG has never been just an add-on to the project because the tokens and dividends appeared in 2019, i.e. since the launch of the Betfury platform. Now, it's even hard to imagine Betfury without BFG, as well as BFG tokens without the Betfury platform.

I have never seen any other gambling token get as much discussion on this forum as BFG Token. Although there is a lot of discussion about it, it is not traded accordingly. Due to which its price is dropping day by day and trading volume is also decreasing. yes there was a lot of hype on it around 2019 but now slowly everyone is forgetting about it. Betfurry casino site features are not bad but their market strategy is not good due to which their popularity is decreasing.  And their competitors are doing better than them.

Betfury token have gained a lot of popularity and that can be seen in how much it discussions are being held in this thread and even outside this thread and that can be pointed to one thing which is that the token is much active in the market, and regardless of what the value of the token is, I think what is most important to most of those that comment here is the fact that they can use that token as a utility tokens on the betfury casino which is what is most important compared to the value of the token in the exchange market, because the values of the token have been a lot volitile and have not increased significantly in recent time, but yet the volume on usage is still very high which indicates that players on the betfury casino are very much funding their account using the token so as to get the most out of the advantage that comes with using the casino native token to gamble on that site.
The token wasn't developed to target market, because the token is more of a utility tokens and not for trading and speculations so regardless of what the value of the token is, the team is more concerned with the token usage in the casino and how flexible it is to use the token on betfury as compared to other alternatives currencies that gamblers can use on the casino.

[sunsilk]

I use CoinGecko to check the BFG position and right now, the token lift its position to be #964. That a good moves as yesterday the number was at #992. Listing to many popular exchanges will help BFG to gain more trader and investor so that will help them to lift their position. Maybe we don't know what plan that the BFG team have and want to work because they will not tells all of their plan to public. So we can only wait for them show what they will do with their token and hopefully, that can lift their token position better.

I have checked both for coingecko & coinmarketcap and there's a huge ranking difference from both sources. But with what you've said, it's down now to rank 952.

So that's a quick move up for BFG.

Well, that's true about listing it on other popular exchanges. I guess they all knew about that from the very start but they don't want to extend it anymore. Volume seems to be increasing based on a three-month chart.

[dwyane36]

Maybe we don't know what plan that the BFG team have and want to work because they will not tells all of their plan to public. So we can only wait for them show what they will do with their token and hopefully, that can lift their token position better.

In the past, the Betfury team has been more transparent with the community regarding its plans to list the BFG token on exchanges. They covered well the process of BFG listing on Biswap, and even after that, the BFG token was listed on a couple of unpopular centralized exchanges. However, then, for some reason, listing the BFG token on centralized exchanges, especially on popular exchanges has become an insurmountable task for the Betfury team.

[ethereumhunter]

It helps for the project being listed to a much bigger exchange,  it's been quite a while but like what both of you said,  it's only the team who can work on it and those who still supporting this asset just need to wait for whatever update the team will provide, as long as the project still moving and there's still volumes it's going to depend with traders and investors whether they continue holding or look for other options and opportunities.

And I think they still work to the project although we don't know what is their plan. We can only wait until there is announcement from the representative or part of the team. But so far, the project still gain benefits from the gamblers who visit to their site so while the other teams prepare for the next update to the site, marketing and other divisions working for the next plan.

I have checked both for coingecko & coinmarketcap and there's a huge ranking difference from both sources. But with what you've said, it's down now to rank 952.

So that's a quick move up for BFG.

Well, that's true about listing it on other popular exchanges. I guess they all knew about that from the very start but they don't want to extend it anymore. Volume seems to be increasing based on a three-month chart.

I don't know what makes the position different from both sources. But we see there are a good progress from the token to lift the position slowly. It is better to moves slowly but sure than fast but then stagnant and died.

We hopes that the token can be listed on popular exchanges because that can brings more benefit to the token and more people will see the token as another investments for them.

In the past, the Betfury team has been more transparent with the community regarding its plans to list the BFG token on exchanges. They covered well the process of BFG listing on Biswap, and even after that, the BFG token was listed on a couple of unpopular centralized exchanges. However, then, for some reason, listing the BFG token on centralized exchanges, especially on popular exchanges has become an insurmountable task for the Betfury team.

Maybe it is not easy to listing their token in the popular exchanges so they still wait for the next news from that exchanges. I guess there are more requirement that must be fills by the project besides of have position in the CMC or Coingecko. But I am sure the team will still works best to support the token to have a better future. We can wait for more and hopefully, there is announcement from them nearly.

[shield132]

I also dont get why BetFury casino decided to have their own token.

It's a method to get a huge capital inflow and then use that money to develop casino, which will generate higher revenue in the end.

I have never seen any other gambling token get as much discussion on this forum as BFG Token.

Their APRs are from another world. You can get yearly as much as 130% of your BFG investment. To be fair, I find it shady and I don't invest in BFG for that reason.

the most cynical and nonsense casino, they write that they have 98% RTP, but in fact it is a scam, if we put any coefficient, we will see that it does not correspond to what is on the game, in a coefficient of 2 per 10,000 rolls, he gives out more than 7,000 losses and so constantly I checked repeatedly, that is, your chance of winning is not 48% but 30% or more, the number of x zero is simply unthinkable, for 1700 rolls in the slot of a single prize game it's like??? and what kind of license does Curacao issue and at the same time prohibits its citizens from playing what kind of idiocy is this? many disadvantages can be listed about this site, if you want to save your money, in no case start your money

I amn't a fan of BetFury but it's too early to calculate the winning chance with only 10,000 rolls. The RTP is calculated over a long session of play, which is more than one million rolls. I think it will be nice if someone makes that experiment on BetFury because it won't be expensive, they allow a minimum 0.00000001 bet on every coin, which will make this experiment cheap. I want to do it myself but I can't because their CloudFlare blocks me all the time, I can't gamble on this casino for that stupid reason and I have no idea how they have clients.

[Z_MBFM]

I have never seen any other gambling token get as much discussion on this forum as BFG Token.

Their APRs are from another world. You can get yearly as much as 130% of your BFG investment. To be fair, I find it shady and I don't invest in BFG for that reason.

Yes it is true that they are giving highest APR returns for BFG staking but I don't know how much profit anyone has gained by staking gambling tokens because I don't have that experience. But I used this platform before when they gave free tokens when gambling. When a user gambles on their platform and both loses and wins they provide their tokens.  I got tokens like this for some time but used those tokens again for gambling

[arwin100]

I have never seen any other gambling token get as much discussion on this forum as BFG Token.

Their APRs are from another world. You can get yearly as much as 130% of your BFG investment. To be fair, I find it shady and I don't invest in BFG for that reason.

Yes it is true that they are giving highest APR returns for BFG staking but I don't know how much profit anyone has gained by staking gambling tokens because I don't have that experience. But I used this platform before when they gave free tokens when gambling. When a user gambles on their platform and both loses and wins they provide their tokens.  I got tokens like this for some time but used those tokens again for gambling

As far as I remember there are few people still happy with the returns they get from staking their BFG and so far there's no issue happened towards this feature. The main concern of people is the volume and the price of BFG since for many years it didn't get a good growth.

But let see the answers provided by people still have BFG in the platform. Since we can't deny that many people leave its because many got disappointed on what they see how BFG token perform. Even though their token still its down phase their casino still successful so maybe the remaining BFG accumulator just use their token to use it for gambling aside for staking it since for now this is common use by their token since people can't trade it since the price movement still remain at passive state.

[Fredomago]

It helps for the project being listed to a much bigger exchange,  it's been quite a while but like what both of you said,  it's only the team who can work on it and those who still supporting this asset just need to wait for whatever update the team will provide, as long as the project still moving and there's still volumes it's going to depend with traders and investors whether they continue holding or look for other options and opportunities.

And I think they still work to the project although we don't know what is their plan. We can only wait until there is announcement from the representative or part of the team. But so far, the project still gain benefits from the gamblers who visit to their site so while the other teams prepare for the next update to the site, marketing and other divisions working for the next plan.

Indeed, there's nothing but to wait and continue to hold if you do trust the team, always going to depends on how investors treat thier investment, the business still we don't know what's the plan behind it's more on the team to update and provide details, waiting game for holders who still and continue believing that something will happen that will brings them decent opportunities to earn decently.

[o48o]

If we don't count the tokens that are burned because they are lost in gambling (which are provided by users themselves), they are just burning tokens from their own treasury (which they misleadingly call buyback bwt). Those tokens were never going to be on the free market, so "buying" them and burning them is not creating support .

So that's not in any way contributing to price. What it's technically contributing to, is rising the marketcap, and that's misleading as well, because marketcap is traditionally counted only with circulating tokens, and those tokens weren't planned to be in real circulation anyway, so burning then is a just smoke and mirrors and a charade. They aren't even using their profits to "buy" it back.

Yes, that updated tokenomics and the burning process initially looked good on paper, but it's been a few months since then, and unfortunately, it still doesn't work as well as BFG holders would like. By the way, the volume of their last burning transaction was only $21k, which is noticeably less than it was a year ago.

I never saw it looking any better. There just was a time when they didn't even tell enough about their tokenomics in their white paper to make any conclusions. Things started to look shady, and everything marketing of it was misleading. When i was asking questions about it and few other things, help desk couldn't answer, and i was being muted in their telegram. That's when i knew i had hit a nerve, because i was being polite in every way.

It's sad really, as they had something interesting, and they could still change the road for better just by giving a change to change their tokenomics radically with a holder vote. But i doubt they will, as nothing points that they would care. So they will give an option for trivial votes. I am just waiting for them to prove me wrong.