Quote from: Saint-loup on June 10, 2023, 07:39:15 AM

Quote from: hd49728 on June 10, 2023, 01:49:52 AM

1% of profit will be burnt each quarter is one of tools to control inflation of FUN token but is it enough?

I am not sure about the inflation from FUN token staking program APYs and 1% profit burnt, is the burning progress enough to control inflation? I know staking must bring good APY but it only makes senses for investors and stakers if in the long run, token price won't be dumped by inflation that is contributed by the staking program.

1% is for the lay bettors on xfun.bet but on other FUN casinos/games it's 50% of the house profit that is burned. If more people would gamble their FUN tokens instead of staking them, quarterly burns could be way bigger than that. The so-called inflation, is not a real inflation. The total supply of FUN tokens can't increase and almost all FUN tokens are already in circulation. That's why the fully diluted market cap is almost the same as the current one.

I mean that would be lovely for the price to go up but lets be honest with each other who wouldn't want to stake their fun tokens? I personally would not ever gamble with it, it's just too valuable for me, not because it is going to get higher in price, that's a good reason to hold it and one of the reasons why I buy and hold it as well, but my main reason is the fact that I am getting so many bonuses on this website thanks to having all kinds of extra fun tokens staked and locked here.

That is why not a lot of people gamble with it, I mean sure some do, but it could have been a lot more. If there weren't any reason to buy and hold it, then they would gamble it away but there are very great reason to hold it and that's why the number is not as high as it could be.