Hi @bitfresh.win, I have several doubts in which I hope you can help me. Where we can find more specific and direct information about the project #DevelopmentTeam ?, I mean names, previous projects they have worked on etc...Hi Freemind! Thanks a lot for taking the time to read our whitepaper.
In your WhitePaper you indicate that each month a number of tokens will be burned, but it does not say what percentage it will be and if this percentage will remain during the months or will be random.
Thanks!
Bitfresh TokensI thought the concepts looked too familiar and I wasn't really surprised to see you put "BFG Token" in there, typo?
The token system is a behavior therapy method. The aim of the token system is to build desirable behavior through small rewards. The so-called tokens can be smileys, marbles, chips, etc. The player can collect these and exchange them for a reward if a certain number is earned. The Player is rewarded for good behavior and has a sense of achievement.
BitFresh Token (BFT) is a utility token for profit sharing and stakeholding. The BFG token acquires value due to the possibility of receiving dividends, which increases the interest and demand for this asset. BFT token is a TRC20-based utility token created for Bitfresh platform actions, with a max supply of 1,000,000,000. BFT token is a means of exchange within the platform and has multiple applications including dividend sharing.
~As long as you don't do any type of public fund raising, I guess it's fine not to mention the team members. Just make sure that games are provably fair and you don't pull some shady stunts like randomly blocking user funds and forcing them to undergo KYC verification.
We did not include a team section because we found out it is not usual for this type of projects. Though your concern is noted and we should definitely look for a way of sharing this information.
Bitfresh TokensI thought the concepts looked too familiar and I wasn't really surprised to see you put "BFG Token" in there, typo?
The token system is a behavior therapy method. The aim of the token system is to build desirable behavior through small rewards. The so-called tokens can be smileys, marbles, chips, etc. The player can collect these and exchange them for a reward if a certain number is earned. The Player is rewarded for good behavior and has a sense of achievement.
BitFresh Token (BFT) is a utility token for profit sharing and stakeholding. The BFG token acquires value due to the possibility of receiving dividends, which increases the interest and demand for this asset. BFT token is a TRC20-based utility token created for Bitfresh platform actions, with a max supply of 1,000,000,000. BFT token is a means of exchange within the platform and has multiple applications including dividend sharing.
I'm curious what's the point of having other tokens than BFT? Aren't you going to confuse your users with that?~As long as you don't do any type of public fund raising, I guess it's fine not to mention the team members. Just make sure that games are provably fair and you don't pull some shady stunts like randomly blocking user funds and forcing them to undergo KYC verification.
We did not include a team section because we found out it is not usual for this type of projects. Though your concern is noted and we should definitely look for a way of sharing this information.
Nice stuff you got coming right there. But why would you do a gaming UI with a retro look. I don't know about others but that looks lame. Looks like a deal breaker for me there, mate
@Jaephoenix those who are nostalgic for the 80s and 90s really like that retro look. I think it is a good idea to attract users who played in those decades. If they do a good promotion and use marketing well it will not cost them to attract people.
This looks like a newbie project. I have not heard much of this outside Altcoinstalk, but then they could make a good fist of it. I suggest you make a big promotion or even a full-fledged bountythat's right because the new project is very important to do a big marketing strategy to find as many investors as possible and also support, by increasing the community improvement on the platform will definitely have an impact too.
This looks like a newbie project. I have not heard much of this outside Altcoinstalk, but then they could make a good fist of it. I suggest you make a big promotion or even a full-fledged bounty
This looks like a newbie project. I have not heard much of this outside Altcoinstalk, but then they could make a good fist of it. I suggest you make a big promotion or even a full-fledged bountythat's right because the new project is very important to do a big marketing strategy to find as many investors as possible and also support, by increasing the community improvement on the platform will definitely have an impact too.
Honestly speaking, this project of yours, seems good to me actually. I think if your intention is really true and has a concern for real to help the community here in crypto, perhaps there is a probability for you to succeed here dude. But for now better for me to keep an eye on this for awhile.
Hi @bitfresh.win, I've been looking in the white paper and on the website for a few hours trying to find more information about the tokens to be burned. In the white paper it says that they will begin to burn from Q4 of this year, but it does not say what percentage will burn, do you know anything more about that?.
Thank you!
Hi @bitfresh.win, I have several doubts in which I hope you can help me. Where we can find more specific and direct information about the project #DevelopmentTeam ?, I mean names, previous projects they have worked on etc...Hi Freemind! Thanks a lot for taking the time to read our whitepaper.
In your WhitePaper you indicate that each month a number of tokens will be burned, but it does not say what percentage it will be and if this percentage will remain during the months or will be random.
Thanks!
As for the token burning, we don't think a set percentage is something that should be established at this point. Neither Bitfresh nor the team will ever come close to controlling a large enough amount of tokens to comfortably commit to burn X% every month. Maybe in the future, but for now we are working hard to get the product ready, and get adoption of the platform going.
We see token burning as a means to push the token economics towards the right direction at a given time. This can give our whole economic model a lot more of flexibility to adapt. We want to make sure there is always enough tokens available for users to trade at a market price that is fair.
Having said this, we believe making a statement or commitment like the one you are asking for at this point would be counterproductive. What we can say is that we will employ token burning in a way that favors all stakeholders and that the token burning model will be built with the community. Again, keeping an open mind on this topic!
Thanks again for reading.
Bitfresh looking all old and classic. Looked a bit confusing to me. I would rather they use the name BitClassic or something in that vein. Oh well, different strokes for different folksmaybe the team needs to improve the platform to make it more attractive to new users who want to see and also operate because some innovations will have a good impact on platform growth and alsi need to improve a good marketing strategy so that the platform ecosystem increases.