Ninjastic
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Board Gambling
Re: 🎲BetFury.io|🎉BetFury Affiliate Program is live| 💸Earn with RevShare up to 60%
by
Fredomago
on 20/02/2023, 10:42:06 UTC
Quote from: Beparanf on Today at 10:22:50 AM
Quote from: TopTort777 on Today at 10:18:24 AM
Quote from: coinerer on Today at 07:58:30 AM
Betfurry tokens are held by people because holding BFG gives them constant staking rewards. These facilities motivate gamblers to hold BFG.  The BFG decided to use their own strategy.  It's almost commonplace now so it's doubtful how successful new casino sites will be using these same tricks. Successful projects are always those that come to the market with new concepts and facilities.  But copying the concept from another project does not bring good results

Have huge doubts that those staking rewards motivate anyone for a long holding. It is more like people better hold them, as they dont cost a lot and the amount they will get from selling wont be significant. Buying 100k BFG tokens ( around 1.7k bucks) will give daily profit of less than 2 bucks. Questionable motivation to me Cheesy Imho, BFG tokens are not about gaining rewards from staking. They are more like trifles, users support of their beloved casino, like a complement from a chef in a restaurant. You dont expect much, but receiving them creates warm feeling about the casino.

This is what I’m telling before. The amount of gain on daily staking is less than to the amount of losses whenever the token price dump hard. I don’t see a point holding this token with such small APY while the casino itself doesn’t give it a better utility aside from staking since it was used to reward players that betting using other coin.

You can play in the casino even without BFG tokens while the rest of the token has staking feature on a DeFi platform.

Practically speaking with the example above you, that huge amount of investment that will only gain a little might not attract more investors but there are already people who bought or earn this coin who continue to hold, the hope that the value will jump after some time of holding or they are okay with small passive profits while saving their coins.

All depends on how you look for the future and how well you understand the potential of this asset that you are holding for your investment.