Post
Topic
Board Gambling
Re: 🎲BetFury.io|$10 000 Daily Battles|🚀BFG Mining Extension voting
by
noormcs5
on 05/08/2022, 15:25:13 UTC
I hope the price of BFG will go up after the community vote. But I think these measures will not lead to big changes. There is already too much circulated supply of token on the crypto market.

If we check the chart for the last few days, we will see that the BFG token has already grown by about 8-10%, and the daily trading volumes have even grown up to $420k. Obviously, the current BFG price is because of the community vote, but it doesn't look impressive at all. I note that the Betfury team mentioned in the article that increasing the BFG mining price should have a positive impact on BFG price, but it seems to me that many users expect something more rather than a 10% increase.
But today trading volume decreased by more than 30% it's unfortunately that good news regarding a token will only have a temporary impact and everything will return to normal, with trading volume still low BFG will have a hard time rising unless there is a group that wants to pump it but what is certain is that this only benefits the group
I think it would be nice if Betfury raised the rewards for staking. Betfury can also create events with increased staking rewards for a short period of time for new users. For example 320% APR for two weeks.

Why increase the staking rewards for the new users only? If they want to increase the staking rewards, the priority should be given to those who already have BFG tokens and are staking them already. The staking rewards should be equal for everyone.

By the way, i am not too much depressed about the low trading volume, it will increase eventually.  The news only temporarily raises the trading volume, the more important thing is to sustain the volume.