Re: 🎲BetFury.io|🎁Welcome Pack on BetFury| 💸300 Free Spins + 150% Deposit Bonus
BetFury burned 5,863,095 BFG today. It was the 37th burning of BFG. The total amount of tokens burned reached 1,598,618,626 BFG. But so far, the decrease in circulating supply has not affected the price of BFG. I hope the BetFury team will continue to support a healthy product economy.
Read more: https://betfury.io/news/bfg-burning-37
Read more: https://betfury.io/news/bfg-burning-37
So can someone explain to me what's the current plan for tokenomics? What happens after those 5 000 000 000 are mined because that's getting close. Are we just burning them after that? No more farming or new tokens? We have already burned 1/5 of them, does this mean that they are going to be all eventually burned except for those people are holding?
Once all of them are mined, no new BFG will enter circulation. Therefore, when all tokens are emitted, this will increase the value of BFG, since new tokens will not enter the market, and existing ones will be burned periodically. Currently, BFG has many utility opportunities: Staking, playing, getting bonuses, and trading. Then the only way to get BFG tokens will be to exchange them.