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[bitbit97]

BFG and $1 looks really unreal, since its price is 2 cents only. I was wrong in my previous post, the price was not 22-24 cents, but $0.022-0.024 cents. Sorry if I have confused you. However, even x10 looks unreal, but for me that is ok. BetFury is not an investment projects, but a large casino. Better gamble and have fun, than invest, hold or trade.

A little bit of my experience with BFG tokens - been BetFury user for 5 years, dont know (it is even impossible to calculate) how much I had BFG tokens during all those years, as I have been gambling, withdrawing and receiving them frequently, and got around $700 from daily stacking during all those years. Never had intention to hold, nor gave big hopes to BFG. But in a form of daily stacking reward statistics say that I have claimed around $700.

[babo]

Well, BFG token has good potential especially looking at it's popularity since launched few years ago, i think BFG has been doing good based on its performance so far. The price has made average growth with an All Time High at $0.0378, and All Time Low at $0.01019, marketcap is at $21,271,148 with 24h trading volume at $3,319,400 based on data from coinGecko
obviously, there are more rooms for further growth at least, a near future BFG token listing on bigger CEX exchanges will definitely boost investors confidence and improve the price and the community of users overtimes.

Yes,i think it has good potential
being a casino, usually with native tokens you can get discounts on fees and pay much less
or have some advantages
Ultimately I am always in favor of utility tokens which give the possibility of having various discounts and advantages.

[God Of Thunder]

Yes,i think it has good potential
being a casino, usually with native tokens you can get discounts on fees and pay much less
or have some advantages
Ultimately I am always in favor of utility tokens which give the possibility of having various discounts and advantages.

If you get an advantage from the casino for holding their token, then it is okay. However casino tokens are not profitable for the holders. Holders want to invest in something that will grow in the future and is likely to give good returns in the long run. But because of the mentioned reason in my previous post, I do not think casino tokens are likely to give good returns in the long run. Especially if the casino can generate unlimited tokens. I did not check the tokenomic of BFG because I do not plan to invest.

[bitbit97]

Yes,i think it has good potential
being a casino, usually with native tokens you can get discounts on fees and pay much less
or have some advantages
Ultimately I am always in favor of utility tokens which give the possibility of having various discounts and advantages.

If you get an advantage from the casino for holding their token, then it is okay. However casino tokens are not profitable for the holders. Holders want to invest in something that will grow in the future and is likely to give good returns in the long run. But because of the mentioned reason in my previous post, I do not think casino tokens are likely to give good returns in the long run. Especially if the casino can generate unlimited tokens. I did not check the tokenomic of BFG because I do not plan to invest.

Because casino tokens are not suppose to be a good investment asset imo. They are rewards that have value for gambler, but cost nothing or are super low value for casino. A gambler would be pleased to be rewarded with something, the casino will spend almost nothing to make customer more loyal. Casino tokens are not about investment definitely. Right now BFG token can bring its holders only daily stacking rewards. No discounts or other benefits. So it does not look like it has a potential for growth. Just a gratitude from casino for being with them.

[God Of Thunder]

Because casino tokens are not suppose to be a good investment asset imo. They are rewards that have value for gambler, but cost nothing or are super low value for casino. A gambler would be pleased to be rewarded with something, the casino will spend almost nothing to make customer more loyal. Casino tokens are not about investment definitely. Right now BFG token can bring its holders only daily stacking rewards. No discounts or other benefits. So it does not look like it has a potential for growth. Just a gratitude from casino for being with them.

If a casino token remains in the casino only and it's not listed on any exchanges, then we wouldn't talk about investments. But when they list their token on some exchanges, then there is a chance people will start trading their tokens. If you ask the casinos to be honest with their expectations, yes, they do expect the investors to buy their tokens.

It is not true that casinos do not spend anything to make their customers loyal. Casinos are spending thousands of dollars on marketing and giving staking rewards to their players so they stay on their platforms. The staking reward is already good because not all casinos have this. There are only a few casinos with dividends.

[bitbit97]

Does listing on DEX count as token listing? As I only see casino tokens trade there, and never saw casino token on CEX. Agree that casinos expect investors to buy their tokens, but rarely see investors buy casino tokens. I have never seen casino token to give something except staking rewards. Bonuses are never connected with the amount casino tokens gambler has. Never seen discounts on fees, that babo mentioned.

P.S. I have never mentioned that casinos do not spend money to make customers loyal. I meant that by giving their own tokens as a reward, they spend less than if they would be giving BTC or altcoins. For casinos, their own tokens does not cost anything as they have issues and own them.

[Stuart]

Yes,i think it has good potential
being a casino, usually with native tokens you can get discounts on fees and pay much less
or have some advantages
Ultimately I am always in favor of utility tokens which give the possibility of having various discounts and advantages.

If you get an advantage from the casino for holding their token, then it is okay. However casino tokens are not profitable for the holders. Holders want to invest in something that will grow in the future and is likely to give good returns in the long run. But because of the mentioned reason in my previous post, I do not think casino tokens are likely to give good returns in the long run. Especially if the casino can generate unlimited tokens. I did not check the tokenomic of BFG because I do not plan to invest.

Imo, I think casino tokens are of value in their different casinos. BFG having high potentials of reaching $1 will be on some forms of advertising by the team. If it is listed on exchanges, it might face pump and dump situations. But if it is being staked as a form of maintaining the value of the token, that will be more better.

[Stuart]

Those who gamble on BetFury and is familiar with them, do you pay attention to their token BFG? What are you thoughts about their long lasting goal of being among top100 cryptocurrencies? They have been trying to achieve that for years, but the best they did was having stability of their token price. Not sure if monthly token burn (recent has happened 2 days ago) play a leading role in it, or price stay unchanged by itself.

It is possible so long as the BFG team are working on some development and advertisement in a chase to this top 100 cryptocurrency mark. Nothing comes easily and as a casino tokens, it might take a long time, but the possibility can not be over or under emphasized as tye crypto industry is filled with lots of possibilities.

[God Of Thunder]

Imo, I think casino tokens are of value in their different casinos. BFG having high potentials of reaching $1 will be on some forms of advertising by the team. If it is listed on exchanges, it might face pump and dump situations. But if it is being staked as a form of maintaining the value of the token, that will be more better.

I didn't understand what you meant by getting listed on exchanges. They are already listed on some Dexes like Pancakeswap, Biswap, and Dodo. I have not bought anything yet. Yes, I do agree that if they get listed on some centralized exchanges, they will get more trading volume, and their token may get pumped in price. But I won't expect a one-dollar price since it will have to pump almost 50x to reach that level. I don't expect 50x from a casino token at this moment, while most of their holders like to gamble away their holdings.

[Stuart]

Imo, I think casino tokens are of value in their different casinos. BFG having high potentials of reaching $1 will be on some forms of advertising by the team. If it is listed on exchanges, it might face pump and dump situations. But if it is being staked as a form of maintaining the value of the token, that will be more better.

I didn't understand what you meant by getting listed on exchanges. They are already listed on some Dexes like Pancakeswap, Biswap, and Dodo. I have not bought anything yet. Yes, I do agree that if they get listed on some centralized exchanges, they will get more trading volume, and their token may get pumped in price. But I won't expect a one-dollar price since it will have to pump almost 50x to reach that level. I don't expect 50x from a casino token at this moment, while most of their holders like to gamble away their holdings.

What I meant was listing on a centralized exchange, pardon. The difficulty of it getting to the highs of $1, is because it is a casino token, and as such, gamblers are not holders.
If the chase to top 100 crypto currencies and the price mark of $1 is really a determination, some ideas somewhere and somehow in the future that might give a kick rush.

[bitbit97]

Imo, I think casino tokens are of value in their different casinos. BFG having high potentials of reaching $1 will be on some forms of advertising by the team. If it is listed on exchanges, it might face pump and dump situations. But if it is being staked as a form of maintaining the value of the token, that will be more better.

I didn't understand what you meant by getting listed on exchanges. They are already listed on some Dexes like Pancakeswap, Biswap, and Dodo. I have not bought anything yet. Yes, I do agree that if they get listed on some centralized exchanges, they will get more trading volume, and their token may get pumped in price. But I won't expect a one-dollar price since it will have to pump almost 50x to reach that level. I don't expect 50x from a casino token at this moment, while most of their holders like to gamble away their holdings.

What does listing on DEX even mean? Isnt it following - anyone can place anything on dex. Imo that is not even a listing, nobody pays anything for placing token on DEX. Or I am wrong?

Serious question - is it possible for casino token to be expensive? Since its use case ir nearly only giving dividends, and casino business usually does not involve sharing much, little would buy casinos tokens to receive dividends. Making it impossible for casino token to be expensive. Example with BFG. You hold $22-25 worth token (about 1.1k tokens) to receive 1 cent a day. That is when BFG price is about 2 cents. Would someone buy BFG if they would cost $1? Freezing 1.1k to earn 1 dollar?

[God Of Thunder]

What does listing on DEX even mean? Isnt it following - anyone can place anything on dex. Imo that is not even a listing, nobody pays anything for placing token on DEX. Or I am wrong?

There are some specific Dexes where you can exchange any token by adding the smart contract. But you cannot really do that on any exchanges. You have to follow some procedure to list your tokens on that Dex. Otherwise, if you check, there are hundreds of Dexes. then why BFG is available only on three Dexs so far? It would have been available at least in dozens of exchanges. But, that is not how it works. The company has to follow some instructions and maybe they spend some money as well. But I don't know what the procedure is.

[bitbit97]

I cant comment why BFG is only on 3 DEXes only. Reasons can be various. Team decision, or pages like cmc or coingecko does not add little or unpopular DEX to list. But the question I wish I would get answer would be: why casino tokens are nor listed on CEX? It is because they are casinos? Doubt that casinos wont have funds for listing. Or listing conditions for casino tokens are much different from others. Listing on CEX would really give BFG price a push, but right now we have what we have.

[babo]

I cant comment why BFG is only on 3 DEXes only. Reasons can be various. Team decision, or pages like cmc or coingecko does not add little or unpopular DEX to list. But the question I wish I would get answer would be: why casino tokens are nor listed on CEX? It is because they are casinos? Doubt that casinos wont have funds for listing. Or listing conditions for casino tokens are much different from others. Listing on CEX would really give BFG price a push, but right now we have what we have.

To enter exchanges, nowadays, you have to pay very high fees
I agree with the team who addressed exclusively the DeFi and DEX part
I don't see any point in spending a lot of money to get listed, what's the benefit? Nobody
so for me they chose very well.

[bitbit97]

I cant comment why BFG is only on 3 DEXes only. Reasons can be various. Team decision, or pages like cmc or coingecko does not add little or unpopular DEX to list. But the question I wish I would get answer would be: why casino tokens are nor listed on CEX? It is because they are casinos? Doubt that casinos wont have funds for listing. Or listing conditions for casino tokens are much different from others. Listing on CEX would really give BFG price a push, but right now we have what we have.

To enter exchanges, nowadays, you have to pay very high fees
I agree with the team who addressed exclusively the DeFi and DEX part
I don't see any point in spending a lot of money to get listed, what's the benefit? Nobody
so for me they chose very well.

Moreover, if they do spend a lot of money on listing and get listed, that isnt going to bring many new clients to casino. They have to focus on what they were primary started business for.

Since crypto market is unstable last days and the prices are either jumping high or falling down, do you gamble with futures on BetFury? Risky, but that is what gamblers like. Now is a good moment to test your luck, as the market can turn to any direction next days after Trump inauguration.