Post
Topic
Board Gambling
Re: Investing in Casino tokens such as BFG, OWL or TFS
by
makishart
on 21/09/2022, 05:21:41 UTC
Tokens like Owl and BFG has a buy back mechanism to guarantee the value of the token regardless of the bear market because they are using the casino profit to give value to there tokens. This is the difference on project like this with working product that generate profit compared to typical shitcoin that is just pure development and no plans to protect the value of there token.
The buy back mechanism was not so effective if the revenue from the platform was so small. it can't be considered as a thing to guarantee the price to be stable. The value will always be determined by the hype from the token. I do agree those tokens were also giving good dividend but that doesn't mean if their revenue will be steady anytime. You must think about when the platform earn only small revenue from their service. it will not be affecting the price once it being used to buy back the token from the market.