Freebitco.in - FUN Token Investment Experiment

[uneng]

I decided to move the topic to gambling section, as it was suggested to me months ago, so more people can get aware of the experiment, on the contrary of Securities section, which isn't known or visited by most forum members.

Moreover, it's part of an investment at a crypto casino platform, so I think it also fits here.

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[klidex]

I decided to move the topic to gambling section, as it was suggested to me months ago, so more people can get aware of the experiment, on the contrary of Securities section, which isn't known or visited by most forum members.

Moreover, it's part of an investment at a crypto casino platform, so I think it also fits here.

Yes, you really should move this post to the gambling section because the main point and core of your review is a crypto casino or gambling platform.
Even if what you do now is too late because many suggestions have been given to move it already in the past few months.
I want to ask about investing in crypto casino platforms, can crypto casino platforms be used to invest because what I know is that crypto casinos are only places that gamblers use to play games or bets.
So explain a little understanding of what you mean.

[Fivestar4everMVP]

I decided to move the topic to gambling section, as it was suggested to me months ago, so more people can get aware of the experiment, on the contrary of Securities section, which isn't known or visited by most forum members.

Moreover, it's part of an investment at a crypto casino platform, so I think it also fits here.

You did absolutely well by moving this thread here, since 2016 i joined this forum, ive never visited or posted a word on that securities board, so you are right about some forum members not knowing that board even exist ..lol

This is an important thread, I read through all the updates and it has helped me gain good insight of the benefits of investing in Freebitco's FUN token, i bought 2500 FUN from an exchange but i am yet to withdraw it to the platform because i had plans of buying more, and now, ive learnt that buying and staking 12,500 FUN token is the best option, i will just go for that..

Thank you for the effort at keeping the thread updated, and thank you for moving the thread here, i never would have discovered this thread.

[Don Pedro Dinero]

Just found your thread. This is what i need for research purpose.

I still think that is still not worth.
First in WOF there is very small chance to get 500 satoshi or more. Also in WOF if you get lottery ticket the worth i think near zero, very small chance to win prize, i never got the prize from lottery lol.

FUN token price also decreasing. In one month already decreased around 8% in USD.
Anyway if just experiment. Let's see what happen. 

I bought fun tokens when they were launched on the freebitco.in website and after a few months I ended up selling them at a loss because the performance was much worse than the price of bitcoin. In other words, it was more profitable to invest in bitcoin what you had invested in Fun tokens and the difference in profitability compensated you for the extras you get in freebitco.in and you have more to spare.

After selling I have not followed the evolution of the price, but now I have just looked at CMC and I see the price of the token is not rising. Not worth in my opinion.

[Kakmakr]

I bought a small amount of FUN tokens when Freebitco.in launched this back in the day, but I have not kept track of it's progress and I have never continued using the wheel spin feature, because I did it a lot of times ...and constantly hit about 50 Sat/spin. 

I was glad, when I heard that the FUN token could be used at other casinos too, which gives it more utility and a reason to buy more. At this stage, it is less effort for me to have a fixed deposit at a Bank at a higher ROI... than investing in FUN tokens and having to spin a wheel of fortune for 1000s of spins to get a few Satoshis. 

[uneng]

Thank you for the effort at keeping the thread updated, and thank you for moving the thread here, i never would have discovered this thread.

I'm glad you enjoyed! Thank you!

I bought fun tokens when they were launched on the freebitco.in website and after a few months I ended up selling them at a loss because the performance was much worse than the price of bitcoin. In other words, it was more profitable to invest in bitcoin what you had invested in Fun tokens and the difference in profitability compensated you for the extras you get in freebitco.in and you have more to spare.

After selling I have not followed the evolution of the price, but now I have just looked at CMC and I see the price of the token is not rising. Not worth in my opinion.

I understand your frustration, which is quite common when investing in altcoins. That is actually the reason why I avoid such investments.

However, what motivated me to acquire FUN isn't its growing potential, staking or even extra WoF spins, but raised interest rates on Bitcoin balance.

If you have a decent amount of BTC invested in freebitco.in, to hold some FUN becomes more interesting, as you can see on the monthly spreadsheets.

12,500 FUN gives you access to the best cost-benefit premium program tier.

I bought a small amount of FUN tokens when Freebitco.in launched this back in the day, but I have not kept track of it's progress and I have never continued using the wheel spin feature, because I did it a lot of times ...and constantly hit about 50 Sat/spin. 

I was glad, when I heard that the FUN token could be used at other casinos too, which gives it more utility and a reason to buy more. At this stage, it is less effort for me to have a fixed deposit at a Bank at a higher ROI... than investing in FUN tokens and having to spin a wheel of fortune for 1000s of spins to get a few Satoshis. 

Well, you can also let the daily spins stack up and use all of them at once, with a single click. Some users are saving almost 1000 spins already to roll at once.

Anyway, it's just one feature of the premium program. The interest paid on BTC balance works exactly like a bank, although a bank has guarantees crypto websites lack.

[swogerino]

I bought a small amount of FUN tokens when Freebitco.in launched this back in the day, but I have not kept track of it's progress and I have never continued using the wheel spin feature, because I did it a lot of times ...and constantly hit about 50 Sat/spin. 

I was glad, when I heard that the FUN token could be used at other casinos too, which gives it more utility and a reason to buy more. At this stage, it is less effort for me to have a fixed deposit at a Bank at a higher ROI... than investing in FUN tokens and having to spin a wheel of fortune for 1000s of spins to get a few Satoshis. 

That is an added benefit as a Premium member which you become as soon as you get 2500 FUN in the balance at Freebitco.in and I think FUN has other benefits also,you can lock them for one year to get 25% APY for them and since you don't care much about following how they are doing I think it would be a very good idea to lock them as once the lock period ends you get a nice additional amount of FUN tokens for free (of course depending on your number of FUN) held in the site.

The daily spins can increase your Satoshis,Reward points and lottery tickets to better prepare you for the weekly lottery let's say as an example.

[piebeyb]

yesterday I tried to buy 5000 FUN and it didn't lock it so I didn't get any benefits as a premium member, I thought I don't need to lock it I can get the benefits but I didn't, I think I need to think again to lock it later, I need to add my cold money again On the other hand, being a premium member seems like fun

[uneng]

yesterday I tried to buy 5000 FUN and it didn't lock it so I didn't get any benefits as a premium member, I thought I don't need to lock it I can get the benefits but I didn't, I think I need to think again to lock it later, I need to add my cold money again On the other hand, being a premium member seems like fun

You don't need to lock FUN to receive premium benefits. It's just that premium program doesn't start working immediately. You will start receiving rewards after 24 hours you deposited or acquired FUN in your account.

Locking FUN only relates to the staking program, which is another thing.

[TimeTeller]

yesterday I tried to buy 5000 FUN and it didn't lock it so I didn't get any benefits as a premium member, I thought I don't need to lock it I can get the benefits but I didn't, I think I need to think again to lock it later, I need to add my cold money again On the other hand, being a premium member seems like fun

You don't need to lock FUN to receive premium benefits. It's just that premium program doesn't start working immediately. You will start receiving rewards after 24 hours you deposited or acquired FUN in your account.

Locking FUN only relates to the staking program, which is another thing.

Investing in tokens like FUN seems worthwhile if you do believe that the platform will survive.
And with freebitco, one of the oldest crypto sites that most of us have encountered, the trust of buying the token is indeed there.
Though I bought FUN at a relatively higher price, but I just treat it as a long-term investment so I don't regret of buying it.
Maybe, this is why some people are still investing on FUN even if most casino tokens are not doing good in the market.
If you are a heavy user of freebitco, the benefits accompanied by holding 2500 or more FUN tokens are I think the added value for holding them.

[virasog]

I bought fun tokens when they were launched on the freebitco.in website and after a few months I ended up selling them at a loss because the performance was much worse than the price of bitcoin. In other words, it was more profitable to invest in bitcoin what you had invested in Fun tokens and the difference in profitability compensated you for the extras you get in freebitco.in and you have more to spare.

After selling I have not followed the evolution of the price, but now I have just looked at CMC and I see the price of the token is not rising. Not worth in my opinion.

You need to understand that when bitcoins dumps, altcoins always dump more than the bitcoin. Similarly, when bitcoin pumps, altcoins always pump more than the bitcoins. This is why we see in this bear season that Fun token along with other altcoins dump more than bitcoin.

Also, the whole year 2022 was a downtrend for bitcoin, hence you will find the prices of altcoin on constant decline. Anyways you have sold your fun token, but if you had patience, you could have hold them till the next bull run and you would not have to bear the loss.

[Don Pedro Dinero]

I understand your frustration, which is quite common when investing in altcoins. That is actually the reason why I avoid such investments.

However, what motivated me to acquire FUN isn't its growing potential, staking or even extra WoF spins, but raised interest rates on Bitcoin balance.

If you have a decent amount of BTC invested in freebitco.in, to hold some FUN becomes more interesting, as you can see on the monthly spreadsheets.

12,500 FUN gives you access to the best cost-benefit premium program tier.

For me the biggest advantage is if you are a regular casino player, in my case I am not, although I have an account and I go from time to time, but the extra interest does not attract me at all, for the same reason that I commented in another post.

For them to give me an interest I lose control of my bitcoins, so I only have a small part there, even though it is a very reputable site, but very reputable sites we have seen go down. And as for the extra, it is 25% on 4.08%, or 1.02% more, making a total of 5.10%. For me it is not worth it because in the long term investing in bitcoin will have a much greater difference in profitability than that 1.02%, and it is also safer.

[piebeyb]

yesterday I tried to buy 5000 FUN and it didn't lock it so I didn't get any benefits as a premium member, I thought I don't need to lock it I can get the benefits but I didn't, I think I need to think again to lock it later, I need to add my cold money again On the other hand, being a premium member seems like fun

You don't need to lock FUN to receive premium benefits. It's just that premium program doesn't start working immediately. You will start receiving rewards after 24 hours you deposited or acquired FUN in your account.

Locking FUN only relates to the staking program, which is another thing.

okay I understand a bit now so the profit depends on how long we hold the FUN that will give us the advantage, I think we have to lock it for a certain time, thank you for explaining, I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   

[slaman29]

Hey uneng, I didn't see your thread until now, just popping in to say "wow" what a commitment and good luck, I'm sure you're already way in profit now and with BTC recovering well, you could be looking at a great savings return.

Like you, I see FUN solely for the Premium benefits, I'm collecting spins myself on my second year, locking it simply to get the APY.

Good luck!!

[uneng]

okay I understand a bit now so the profit depends on how long we hold the FUN that will give us the advantage, I think we have to lock it for a certain time, thank you for explaining, I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot  

Did you already start receiving your daily spin?

These are the premium program's benefits you have access by having FUN on your account for determined periods of time (doesn't necessarily need to lock, just to have the FUN in your account). On this example we can see the top tier (500,000 FUN) benefits:

I suggest you going to the website and checking the respective benefits for your currently held number of FUN tokens.


These are the rewards you will receive after locking your FUN for determined period of time:

On the example above, 10% APY (annual percentage yield) must be divided for 12 (months of the year) to reach the result of how much you are going to profit, so 10% of 500 FUN is 50 / 12 = 4 FUN profit after a month.

To maximize profits from premium program it's better to lock FUN as well simultaneously, so you earn from both sides.

Hey uneng, I didn't see your thread until now, just popping in to say "wow" what a commitment and good luck, I'm sure you're already way in profit now and with BTC recovering well, you could be looking at a great savings return.

Like you, I see FUN solely for the Premium benefits, I'm collecting spins myself on my second year, locking it simply to get the APY.

Good luck!!

Hey, @slaman29, thank you! Good to see freebitco.in's active users following the experiment. Let's see how much profit it's going to be made after one year holding FUN.

[piebeyb]

okay I understand a bit now so the profit depends on how long we hold the FUN that will give us the advantage, I think we have to lock it for a certain time, thank you for explaining, I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   

Did you already start receiving your daily spin?

These are the premium program's benefits you have access by having FUN on your account for determined periods of time (doesn't necessarily need to lock, just to have the FUN in your account). On this example we can see the top tier (500,000 FUN) benefits:

I suggest you going to the website and checking the respective benefits for your currently held number of FUN tokens.

yes I've seen it on my freebitcoin account WOF is free to play but I prefer to collect it, thanks for your explanation yesterday, apparently it's easy and not difficult without having to lock it, so we just have to hold FUN on. over a period of time, good thread @uneng

[Daltonik]

I also have an account on freebitco for a long time, but now I mainly use free spins and the wheel of fortune to get lottery tickets to participate in lottery draws, of course, and the FUN token can make a profit with a successful market reversal, so of course you can invest in it.

[Ryker1]

^[snip]
Did you already start receiving your daily spin?

It is a nice thread to follow @uneng.
Actually, I have an account on Freebitco.in but I did not open it for a long time, I was sometimes busy and I was not able to collect the free sats given on the faucet. But now --my interest was back upon reading this thread.
So my question is --is that free spin automatically pop-up in your account daily? --like 13 free spins daily?

[maydna]

I also have an account on freebitco for a long time, but now I mainly use free spins and the wheel of fortune to get lottery tickets to participate in lottery draws, of course, and the FUN token can make a profit with a successful market reversal, so of course you can invest in it.

That's what I also did with my freebitco.in the account, I thought of depositing more FUN tokens to that site to get additional WoF and rewards from locking up FUN tokens. Perhaps, this is a good way to go, given that the market hasn't fully recovered yet, and while waiting for the market to recover, we can get more FUN tokens we can sell when the price goes high.

[Strongkored]

I will add more FUN tokens to my account, hope they do too opening for other networks because the transaction fees from the binance exchange are quite expensive especially if I send a few every week it will cost a lot   

Actually, if you do what you are doing right now by sending FUN Tokens from Binance exchange to your freebitcoin account, it's not worth it at all because it will increase your costs so that your investment will take longer for ROI, I checked on the Binance fee withdrawal list 530 FUN, it will be more efficient to buy directly on freebitcoin https://www.binance.com/en/fee/cryptoFee