Freebitco.in - FUN Token Investment Experiment

[Kakmakr]

No, the FUN token are still trading on exchanges, but the price dropped about 2% in the last 7 days and almost 4% in the last month. 

Freebitco.in have been trying to regulate activities for a while now, so I do not know if this is a regulatory issue. (Trading platforms need to adhere to certain regulatory requirements)

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[SquirrelJulietGarden]

No, the FUN token are still trading on exchanges, but the price dropped about 2% in the last 7 days and almost 4% in the last month. 

With trading volume last 24 hours is about $1.1M, it's good volume for the FUN token. Price is very attractive in my opinion after I zoomed out the chart. I saw price corrected about 40% or 50% from its latest peak and it potentially gives investors opportunity to x2 their capital if the token simply reclaims its latest peak. Look farther, by zooming out, I saw another better possibility to have x10 with the token because the highest price in 2021 is about 10 times from today price.
https://coinmarketcap.com/currencies/funtoken/

Freebitco.in have been trying to regulate activities for a while now, so I do not know if this is a regulatory issue. (Trading platforms need to adhere to certain regulatory requirements)

What are their regulatory activities?

Could you share what you know, please.

[Synchronice]

well, I have been talking about how investing in casino tokens is much more dangerous than investing in altcoins, this is because the casino token depends a lot on how many people are using that token in the casino, today the market has many casinos that have been offering same resources, which makes people choose to use casinos that are older, safer and more practical in terms of deposits. Just look at a clear example and that is that many people have bitcoin and naturally when they want to play at a casino these people will deposit their bitcoins at that casino and play. It is unlikely that a person who has bitcoin will want to create an account on a shady exchange just to buy tokens to play in a casino

Any kind of investment carries risks. It's sad that FUN token didn't increase in price but on another hand, there we have a successful coin like Rollbit. I think that one shouldn't buy casino tokens with the hope of gaining financial profits. I hold some FUN but I bought them to get benefits like daily free spins of Wheel Of Fortune, cashbacks on wagering and so on.

I initially invested in this token because I thought it could be a good way to earn more BTC. The premium benefits at the beginning were too good to pass up. In the first several months I was reaching the 100k RP threshold to exchange for BTC frequently. Then they silently started nerfing those premium benefits to a point where it was no longer such a great value for early investors.

What were the benefits back then?
I bought FUN token recently because price was low and too good for the additional benefits. I think such a low price should attract new users because at the moment benefits are really good for the money that you pay to hold FUN and get tier rewards.

[LUCKMCFLY]

Well, it's normal that things with the Tokens are Going well because they are going through a period where if they don't move up , things can be very Difficult right now with the tokens, or Any type of alts , because yes , I Understand that it will Always be a risk to do so. , but I Could say that when it comes to doing things as safely as Possible  , we Will always try to do things Well, as People who have always Been playing and placing Bets on good tops and Projects , well, I have another view of this , The same market has Taught me that things can be one in a Different way , Both for us and for the site, what I like about tokens fun is that it is Completely excluded from freebitco.in , there is no other way, it is a Great casino They have many ways of Making us have Fun , and in my Personal case it is the ones I met for the First time , but for me These things are Very good for us to also Reflect.

In this market we must be very Intelligent when it comes to Investing , as they have said, one of the toekns that have given a lot of Talk is the top RLB , they have a very good Project and can do Things well, this is something It is Noticeable Due to the Effort that is made in any type of Market , I Only hope that these Tokens can be put in a Centralized Exchange and they do not Comment on the mistake of Leaving it in an exchange that is Centralized , that is What we It is not convenient at all, we are people who Must Learn to Know in what State we should take things, so that we do not receive more Surprises , at this point it is very well Known that Bitcoin is Taking a new leap, a new ATH, it is The good approval of the ETF came , the Halving of Bitcoin was coming Soon , and When the Price of Bitcoin rises it is obvious that all the tokens that have good Investment , Development and Above all the Trust  of the Investors will Grow in Price.

[uneng]

I initially invested in this token because I thought it could be a good way to earn more BTC. The premium benefits at the beginning were too good to pass up. In the first several months I was reaching the 100k RP threshold to exchange for BTC frequently. Then they silently started nerfing those premium benefits to a point where it was no longer such a great value for early investors.

What were the benefits back then?
I bought FUN token recently because price was low and too good for the additional benefits. I think such a low price should attract new users because at the moment benefits are really good for the money that you pay to hold FUN and get tier rewards.

Only the frequency you got better rewards from WoF was nerfed. Other premium benefits, such as cashback and extra BTC interest rates remained the same. When the WoF feature was initially introduced it was really profitable to purchase those extra spins packages from rewards tab in order to keep rolling the faucet every hour and then receiving WoF spins on each roll, as it was possible to hit prizes like 500 and 5000 satoshis or RPs often. It indeed worked as an investment, and considering premium program guaranteed a lot of extra spins every day, ROI could be achieved potentially faster.

It ended that WoF doesn't make any significant difference on premium program anymore, as only once in a blue moon we achieve hitting the medium and highest satoshis or RPs prizes.

Despite current cheap FUN price, I think investors are still fearful of investing, because we don't know yet if prices will continue falling down (paired to BTC). On the other hand, if FUN increased again to 14-15 satoshis, it would be helpful to raise optimism among investors once again.

[OcTradism]

Despite current cheap FUN price, I think investors are still fearful of investing, because we don't know yet if prices will continue falling down (paired to BTC). On the other hand, if FUN increased again to 14-15 satoshis, it would be helpful to raise optimism among investors once again.

It depends on their perspective of investment.

If they want to see their portfolio grows in $ value, they will not have that fear.
If they want to see their portfolio grows in BTC value, they will have that fear.

Choosing a right time in the market to spend money for buying altcoins and gain both growth in $ and BTC values is very challenging. Usually when Bitcoin leads the market, starts its bull run, mostly altcoins will have shocks in BTC pairs. You will see your portfolio grows up in $ value but drops in BTC value. It's time to hold BTC, not altcoins.

When Bitcoin stops its bull run, has a correction, calm down some days after its correction, it's time to buy altcoins. It will possibly give you chance to gain increases in both pairs ($ and BTC).

[FinneysTrueVision]

What were the benefits back then?
I bought FUN token recently because price was low and too good for the additional benefits. I think such a low price should attract new users because at the moment benefits are really good for the money that you pay to hold FUN and get tier rewards.

Originally the odds of winning the 5k sats and RP prizes from the wheel of fortune was 1.3% for each, but then they were reduced to 0.1%. After the token started losing value it was understandable why they would reduce it to keep the program sustainable but it still left a bitter taste.

The base prize on the wheel also used to be fixed at 50 sats, then they changed it to 2 cents worth of sats, then it was 2 cents minus 1 satoshi and gradually they’ve continued decreasing it by 1 satoshi — it is currently 21 sats, which is 2 cents in BTC minus 18 sats.

[LUCKMCFLY]

<Snip>

This is very true, in fact things when it comes to investment we must always see certain market models in order to decide to invest in an asset, in the case of these tokens I have learned over the years many things a token will have. great growth if what they do is start doing many things such as, for example, is there a lot of publicity about the token? Are there contests where the token comes out? The perspectives of the tokens with reference to bitcoin what the bullish runs of bitcoin look like means that many times in the correction that bitcoin has all alts fall, but due to the market's own action, those who have altcoins will sell alts to buy btc , and bitcoin when its bullish trend has already been confirmed, then you have to buy whatever the alts are, but the alts that are in fashion, the ones that are there and give more security to an investor, why? because the common investor sees that if he shelters part of his investment in the assets, these assets will have an increase of 2x, 3x, some up to 10x and that results in very large profits and this is only what ultimately makes it necessary for a person to sell those assets. to buy bitcoin, but that is something that always happens.

That is why it was said that when the bullish race of Bitcoin is confirmed , what must be weighed is the correction, because in that correction of Bitcoin, the alts have a lot of interest because everyone wants to have Bitcoin, it is normal, but in that correction is when we should buy the alts, and when esop happens we expect the big 3x6x onwards, but not all the s atls are chosen for this type of bullish races, only the most famous, only the ones that have the most acceptance and the ones that investors have the most confidence in. , in that case you should buy it, then that is why you have to look at the history of the FUN tokens if they are making efforts to raise the price and be an easy target when the bticon goes very high, so Hey, that's my criterion.

[Synchronice]

Only the frequency you got better rewards from WoF was nerfed. Other premium benefits, such as cashback and extra BTC interest rates remained the same. When the WoF feature was initially introduced it was really profitable to purchase those extra spins packages from rewards tab in order to keep rolling the faucet every hour and then receiving WoF spins on each roll, as it was possible to hit prizes like 500 and 5000 satoshis or RPs often. It indeed worked as an investment, and considering premium program guaranteed a lot of extra spins every day, ROI could be achieved potentially faster.

It ended that WoF doesn't make any significant difference on premium program anymore, as only once in a blue moon we achieve hitting the medium and highest satoshis or RPs prizes.

Despite current cheap FUN price, I think investors are still fearful of investing, because we don't know yet if prices will continue falling down (paired to BTC). On the other hand, if FUN increased again to 14-15 satoshis, it would be helpful to raise optimism among investors once again.

Can you tell me why did that happen? Where did they go wrong? Did they lack marketing or were benefits much enough that it could harm casinos budget long-term? It's interesting to discuss about it but I am afraid we will probably never see previous benefits again because the barrier to get FUN benefits are super low compared to what it was for first investors. Maybe they'll build a new tiers but it still doesn't look fair for those who paid lots of money back then.

Originally the odds of winning the 5k sats and RP prizes from the wheel of fortune was 1.3% for each, but then they were reduced to 0.1%. After the token started losing value it was understandable why they would reduce it to keep the program sustainable but it still left a bitter taste.

The base prize on the wheel also used to be fixed at 50 sats, then they changed it to 2 cents worth of sats, then it was 2 cents minus 1 satoshi and gradually they’ve continued decreasing it by 1 satoshi — it is currently 21 sats, which is 2 cents in BTC minus 18 sats.

Looks very interesting, it should really be a hella of a FUN back then.

[UserU]

Can you tell me why did that happen? Where did they go wrong? Did they lack marketing or were benefits much enough that it could harm casinos budget long-term? It's interesting to discuss about it but I am afraid we will probably never see previous benefits again because the barrier to get FUN benefits are super low compared to what it was for first investors. Maybe they'll build a new tiers but it still doesn't look fair for those who paid lots of money back then.

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

[uneng]

Can you tell me why did that happen? Where did they go wrong? Did they lack marketing or were benefits much enough that it could harm casinos budget long-term? It's interesting to discuss about it but I am afraid we will probably never see previous benefits again because the barrier to get FUN benefits are super low compared to what it was for first investors. Maybe they'll build a new tiers but it still doesn't look fair for those who paid lots of money back then.

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

I agree. It's hard to tell with assurance why prices aren't following the trend of crypto market, but it seems likely to be due to excessive supply of tokens on the market, too high interest rates for staking (up to 25% APY), lack of practical usecases for adopters and expensive transactions' fees, as some people have already pointed out in different occasions.

Marketing has been pretty active, considering they are being constantly promoted through freebitco.in, which is a very popular website in crypto industry. Regards marketing, what else could they have done? Maybe launched a signature campaign here? Paid some influencers to promote the token?

Another aspect I think they failed was to have launched an exclusive casino for FUN token. They should have launched a casino accepting different cryptocurrencies, being FUN only one of the available options, although when using FUN to bet, the casino would give extra benefits to gamblers. That would encourage the usage of FUN much more than having a casino which only deals with FUN token.

Well, it's a pitty, since it has been maintaining its position as the top gambling token of crypto market for so long, but not being able to deliver any consistent results along the time.

[Hamphser]

Can you tell me why did that happen? Where did they go wrong? Did they lack marketing or were benefits much enough that it could harm casinos budget long-term? It's interesting to discuss about it but I am afraid we will probably never see previous benefits again because the barrier to get FUN benefits are super low compared to what it was for first investors. Maybe they'll build a new tiers but it still doesn't look fair for those who paid lots of money back then.

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

I agree. It's hard to tell with assurance why prices aren't following the trend of crypto market, but it seems likely to be due to excessive supply of tokens on the market, too high interest rates for staking (up to 25% APY), lack of practical usecases for adopters and expensive transactions' fees, as some people have already pointed out in different occasions.

Marketing has been pretty active, considering they are being constantly promoted through freebitco.in, which is a very popular website in crypto industry. Regards marketing, what else could they have done? Maybe launched a signature campaign here? Paid some influencers to promote the token?

Another aspect I think they failed was to have launched an exclusive casino for FUN token. They should have launched a casino accepting different cryptocurrencies, being FUN only one of the available options, although when using FUN to bet, the casino would give extra benefits to gamblers. That would encourage the usage of FUN much more than having a casino which only deals with FUN token.

Well, it's a pitty, since it has been maintaining its position as the top gambling token of crypto market for so long, but not being able to deliver any consistent results along the time.

This is why i dont really see any casino based tokens did really make some good take off or having that good value or do able to sustain. Recently, i have noticed RLB on which this is on Rollbit.
This is something that they should really gonna do at least on which there some utility into that particular token. They hadnt made out some marketing or whatever it would be but rather they
 did make out some exposure about on the game type on which these tokens are being used. The price had climb out at least and later on did make out some correciton on which its typical
but at least it is really that still be able to hold up its position or even moving sideways on which in compare to those most casino based tokens on which value
are really that on the floor.

[danadc]

Can you tell me why did that happen? Where did they go wrong? Did they lack marketing or were benefits much enough that it could harm casinos budget long-term? It's interesting to discuss about it but I am afraid we will probably never see previous benefits again because the barrier to get FUN benefits are super low compared to what it was for first investors. Maybe they'll build a new tiers but it still doesn't look fair for those who paid lots of money back then.

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

I agree. It's hard to tell with assurance why prices aren't following the trend of crypto market, but it seems likely to be due to excessive supply of tokens on the market, too high interest rates for staking (up to 25% APY), lack of practical usecases for adopters and expensive transactions' fees, as some people have already pointed out in different occasions.

Marketing has been pretty active, considering they are being constantly promoted through freebitco.in, which is a very popular website in crypto industry. Regards marketing, what else could they have done? Maybe launched a signature campaign here? Paid some influencers to promote the token?

Another aspect I think they failed was to have launched an exclusive casino for FUN token. They should have launched a casino accepting different cryptocurrencies, being FUN only one of the available options, although when using FUN to bet, the casino would give extra benefits to gamblers. That would encourage the usage of FUN much more than having a casino which only deals with FUN token.

Well, it's a pitty, since it has been maintaining its position as the top gambling token of crypto market for so long, but not being able to deliver any consistent results along the time.

The FUN tokens are very famous and have many good things, but it would be good if they could generate more opportunities and more options to do things better, because the moment they decide to make good investments the opportunities are applied to buying, I have not bought fun tokens, I have had bad experiences with casinos with native tokens and that takes advantage of things to make a good market. I have not yet seen any good project, the one from rollbit, which is RLB, has Resonated a lot. Apparently they have a good project and things are going wrong.

The cainso should take advantage of putting these tokens well because it is an idea for investors to trust, I am not a great investor, but I do buy few, and I don't like them because investing in altcoins sometimes gives good returns and can make you win big when Bitcoin rises Price, but there has to be a good project, something that promises as it is.

[FinneysTrueVision]

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

They had a Polygon version of the token which they called XFUN which had fees of less than 1 cent. They failed to get the token listed anywhere except a few decentralized exchanges where liquidity was low. They have now rebranded the token to just FUN and moved it to a new contract. They are still making the same mistakes as before because it’s almost impossible to acquire the token. I thought at some point they would add the Polygon version to FreeBitco.in and that would greatly improve adoption because of the low fees, but their apathy leads me to believe they might never add this option.

The token reached a value of only a single digit worth of sats earlier this week, with no indication that this perpetual decline will ever stop. They did name a new CEO a few days ago. It seems odd that something which is supposed to be decentralized to have a CEO but maybe they will have some new ideas that will be beneficial to investors.

[UserU]

They had a Polygon version of the token which they called XFUN which had fees of less than 1 cent. They failed to get the token listed anywhere except a few decentralized exchanges where liquidity was low. They have now rebranded the token to just FUN and moved it to a new contract. They are still making the same mistakes as before because it’s almost impossible to acquire the token. I thought at some point they would add the Polygon version to FreeBitco.in and that would greatly improve adoption because of the low fees, but their apathy leads me to believe they might never add this option.

The token reached a value of only a single digit worth of sats earlier this week, with no indication that this perpetual decline will ever stop. They did name a new CEO a few days ago. It seems odd that something which is supposed to be decentralized to have a CEO but maybe they will have some new ideas that will be beneficial to investors.

Oh? From the FUN webpage, it was associated with FUN as an ERC20 token. Until today, I am never able to transfer some balance from Binance due to the fees.

Realistically like other casino tokens, they will never take off like BTC so use cases will remain more or less the same. Even BFG is still stuck at less than 2 cents but on the bright side, over here we're still enjoying the free spins and added interests so I'm not complaining

It seems odd that something which is supposed to be decentralized to have a CEO but maybe they will have some new ideas that will be beneficial to investors

I hate to be that guy, but those kind of CEOs are just there to line up their pockets. Like what you mentioned, it totally defeats the purpose of decentralization hence what kind of decisions they make would be more aligned to profit them rather than us, the commoners.

[shield132]

The FUN tokens are very famous and have many good things, but it would be good if they could generate more opportunities and more options to do things better, because the moment they decide to make good investments the opportunities are applied to buying, I have not bought fun tokens, I have had bad experiences with casinos with native tokens and that takes advantage of things to make a good market. I have not yet seen any good project, the one from rollbit, which is RLB, has Resonated a lot. Apparently they have a good project and things are going wrong.

The cainso should take advantage of putting these tokens well because it is an idea for investors to trust, I am not a great investor, but I do buy few, and I don't like them because investing in altcoins sometimes gives good returns and can make you win big when Bitcoin rises Price, but there has to be a good project, something that promises as it is.

FUN tokens were famous and they still probably are, when Freebitco acquired FUN tokens, there was a wide talk on Reddit and other websites and forums about this event. FUN was performing well during the 2018 year, then it went down, then Freebitco acquired it and there was hope among investors and the price went up again and was up during the 2021 year, then it started going down and is doing terribly.
By the way, I don't understand FUN token's benefits besides Freebitco's benefits that you get by holding it.

Realistically like other casino tokens, they will never take off like BTC so use cases will remain more or less the same. Even BFG is still stuck at less than 2 cents but on the bright side, over here we're still enjoying the free spins and added interests so I'm not complaining

Only Rollbit Token is performing well. I hope this coin won't experience a sudden crash or it will be very hard to recover.

[Saint-loup]

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

They had a Polygon version of the token which they called XFUN which had fees of less than 1 cent. They failed to get the token listed anywhere except a few decentralized exchanges where liquidity was low. They have now rebranded the token to just FUN and moved it to a new contract. They are still making the same mistakes as before because it’s almost impossible to acquire the token. I thought at some point they would add the Polygon version to FreeBitco.in and that would greatly improve adoption because of the low fees, but their apathy leads me to believe they might never add this option.

The token reached a value of only a single digit worth of sats earlier this week, with no indication that this perpetual decline will ever stop. They did name a new CEO a few days ago. It seems odd that something which is supposed to be decentralized to have a CEO but maybe they will have some new ideas that will be beneficial to investors.

FUN token always had a CEO, the former one was even the soul of the project litteraly : Adriaan Brink, unfortunately he died one year ago in April 2023. He used to be the architect of the new era of FUN token after its evolution from Funfair to the Freebitcoin ecosystem and a visionary leader for its development, that's why the project had been less updated since he started to be really ill IMO.
https://funtoken.io/in-memoriam-adriaan-brink-1963-2023/

[Poker Player]

Price is very attractive in my opinion after I zoomed out the chart. I saw price corrected about 40% or 50% from its latest peak and it potentially gives investors opportunity to x2 their capital if the token simply reclaims its latest peak. Look farther, by zooming out, I saw another better possibility to have x10 with the token because the highest price in 2021 is about 10 times from today price.
https://coinmarketcap.com/currencies/funtoken/

Have you put your money where your mouth is? What I see there is the typical shitcoin graph, trending to 0, with some huge spikes in its history for having become fashionable at some point. To me it only makes some sense to acquire the token to enjoy more benefits in the casino, but not even then. The graph is clearly downward in the long term, and in the last year when it looks practically flat if we zoom in we see that it has lost 10%. I don't see any news that will unleash the FOMO and cause the price to have a good spike.

Doubling the price may double it but betting on that is not much different than playing red or black at roulette and what I do see almost impossible is that it will make x10, because that price was reached when freebitco.in announced its adoption of the token. With the fiasco that has resulted I doubt very much that another casino will jump on the bandwagon.

[UserU]

Only Rollbit Token is performing well. I hope this coin won't experience a sudden crash or it will be very hard to recover.

As long as Rollbit's in business, them tokens shouldn't crash.

[swogerino]

With a bazillion tokens out there and BTC being the king, it's hard to convince entities to accept if the adoption rate is low. Also with lack of Layer 2 protocol (i.e. ERC20), fees are just not worth the hassle.

They had a Polygon version of the token which they called XFUN which had fees of less than 1 cent. They failed to get the token listed anywhere except a few decentralized exchanges where liquidity was low. They have now rebranded the token to just FUN and moved it to a new contract. They are still making the same mistakes as before because it’s almost impossible to acquire the token. I thought at some point they would add the Polygon version to FreeBitco.in and that would greatly improve adoption because of the low fees, but their apathy leads me to believe they might never add this option.

The token reached a value of only a single digit worth of sats earlier this week, with no indication that this perpetual decline will ever stop. They did name a new CEO a few days ago. It seems odd that something which is supposed to be decentralized to have a CEO but maybe they will have some new ideas that will be beneficial to investors.

FUN token  always had a CEO, he was even the soul of the project litteraly : Adrian Bink, unfortunately he died one year ago in April 2023. He used to be the architect of the project and visionary leader about its developpment, that's why the project had been less updated since he was ill IMO.
https://funtoken.io/in-memoriam-adriaan-brink-1963-2023/

Wow,that is a very sad news to hear.I think he was not old enough to die at 60 years old but that is life and destiny spares no one.I think regarding the price of FUN token if people were smart enough to use the balance they had in Freebitco.in to buy FUN at 12 Satoshis this will pay off in a hopefully not so distant future as the project cannot be standing still.I personally bought quite some FUN now that the price is cheap and I am conserving the Wheel of Fortune spins when things will be more attractive regarding the prizes but FUN is still a good business to be dealing with,it just needs some time to reap the rewards,that's all.