Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
boyptc
on 08/09/2022, 10:04:11 UTC
I have used BetFury staking calculator and here is what I get - you need to hold about 50,000 BFG tokens (~$850 on September 8,2022) to be able to get $1 per day. For someone that might be ok, but their is always but. That $1 will be spread between 5 cryptocurrencies. Which means you need to hold 5 different cryptocurrencies to reach minimum withdrawal amount. Dont forget that minimum prices are growing, which means with time, you will earn less.
This is actually good if you have spare to invest in BFG or Owldao or any of the same that has reputation. But most likely, people will have to have that assurance that they're guaranteed with the investment they have.

It's okay for some if they don't need the money.

But if you're someone that has that amount and it's like your life savings, you will look for a better opportunity. The logic goes the higher the capital, the higher daily you'll get but yeah, your enemy is the daily volatility and change on its price.