Quote from: cryptoperkele on April 28, 2021, 05:30:00 AM

Quote from: Yogee on April 26, 2021, 05:49:27 PM

I think the real concern about token listing is the price of BFG token tanking below the mining price that was set by Betfury. Can you imagine a miner betting 2000 sats to get 1 BFG when he can easily buy it on the market at half that price or less? Of course there's the chance that he can also win his bet but why bother when your main goal is to increase the number of tokens for the daily dividends?

And why would people buy above the current mining price if they could get more with mining? Of course people will sell cheaper, people have mined a long time now and when some of them started, mining price was lower, some people are mining with their dividends, bitcoin was cheaper when this started. Everything was cheaper and some got their for free with bounties. And the mining cost in the site isn't the real cost when you count the winnings.

Quote from: Renampun on April 26, 2021, 09:39:57 AM

The thing I worry about when BFG is listed on one of the exchanges is the manipulation of whales...
Big investors will definitely buy a lot BFG for them to transfer to their accounts and try to get big dividends from it. I think if BFG is not listed on the exchange then it will be better and dividend distribution can keep run normally as it is today.

Are you saying that whales would manipulate the price up or down by buying? There would still be same amount of circulating tokens so how would that affect your dividends negatively? Except for people who left their tokens on the betfury would probably get more dividends because tokens on the exchange wouldn't be staking.

In conclusion, do you think then that it is much better to have the BFG in Staking within the platform to generate dividends than in an Exchange? From the point of view of market speculation, supply and demand would come into action, therefore , most likely, the token will go down in price because there are many BFGs that would go into circulation, but within the platform they would have more power, then if so, it is preferable to wait for the BFGs to burn and decrease the total supply and then put them In Exchange, then in the short term it is best to have it on the platform because it gives more benefits.