I took a look at its trading volume and it's shockingly low. Under $100,000 on Binance. Low demand and a huge circulating supply means it is expected to see such low prices. The token burns have not really had any effect since the amount burned was so small.
T
hat's because there is still too few people playing at FUN casinos unfortunately. They don't make much marketing sadly, so they are not known by many gamblers except Freebitcoin users for the time being but more people can come in the coming months. Furthermore FUN tokens price is currently very low in BTC, so some investors will certainly buy more to get better perks at Freebitcoin.
True, but also you don't
need FUN tokens to play. I am playing in Freebitco.in constantly but i don't have that much use for freebies that i would get by "staking" FUN. I understand why some people see them worth it especially in these prices, but if the benefits were radically better, i most likely would buy some too, if the amount needed for those benefits wouldn't be irrationally high. Then again they wouldn't be that cheap to begin with if they gave better benefits.
Yes at Freebitcoin, you don't need to have FUN tokens in order to play, you only need them for getting perkquisites from the premium program but was talking about FUN tokens casinos specifically. Dplay casino, Xfun bet, Xfun casino and Xfun arcade, half of their profits are burnt quartely afaik but Freebitcoin don't participate afaik, so even if they were offering to play with FUN tokens I don't think they would send half of their profits in order to burn them.