Post
Topic
Board Gambling
Re: 🎲BetFury.io|🎁Welcome Pack on BetFury| 💸300 Free Spins + 150% Deposit Bonus
by
o48o
on 12/12/2022, 20:21:43 UTC
This would also show that there is a chance where it we could potentially have none? I mean there needs to be a clearer explanation to what’s going to happen.

Let’s assume all of them are minted, and let’s assume that they keep on burning it, that means since there are no new ones and the old ones are getting burned, that would result with zero left in the long run? That is not really reasonable to expect, sure it will slow down eventually and try to not make it zero, but it could potentially be something unexpected and we shouldn't really be thinking this is just good, this is either very great, or it is too risky if there is none left after all said and done.
Right now they are burning their own tokens and correct me if i am wrong but they are not buying them from the markets and selling. They are burning gambled tokens and their own. There was a time when they burned auctioned tokens by players but i don't thin that's happening anymore.

But how could it go to zero? I know one other token (unu sed leo) where exchange is buying it from the markets and their technical goal is to buy it all and burn it, so they are buying it slowly from the markets and in theory the price should rise when people refuse to set up low sell orders and set them higher and higher.

In theory, eventually the price would just be too high to aquire even full token from the markets because it would be so expensive.

I am kinda hoping that betfury had this approach as well but that would require them to buy it from the open markets with their casino profits and that they would legally commit to this tokenomics model.

I am only speculating what could be coming, and sort of hoping it too.