Quote from: FinneysTrueVision on April 20, 2024, 05:52:09 AM

Quote from: Saint-loup on April 19, 2024, 05:40:05 PM

You are a little bit too much pessimistic in my opinion. Fun token team is doing token burning every 3 months, and more and more tokens are burnt each time. They don't plan to stop burnings while high returns investment plans on Freebitcoin and Binance won't last forever. So at some point, maybe in few years, FUN token value will start to mecanically appreciate. Speculators will FOMO on it and the price could pump heavily when it will happen.

They have not done any burns for this past quarter yet, despite being 20 days into a new quarter. On Telegram they announced that they’re considering stopping these burns. With their new CEO trying to pivot towards other areas besides gambling it does make sense that they would stop doing burns. Burning was always tied to gambling profits, but now there will be more of an emphasis on growing their market cap with diverse use cases.

I don’t know how successful the new CEO’s efforts will be, but it’s clear the previous strategy was not working. The token has lost substantial value and left many with a deeply underwater investment.

They can't burn forever and it's only a band aid on a deep scar, it's gonna do nothing significant long-term, it's only a temporary solution. By the way, high return investment plans should last longer and probably forever because that's what attracts casino users: Token with high ROI, high rewards, cashbacks, etc.
I read news on funtoken.io and it seems that they want to expand into DeFi and GameFi, utilize FUN for staking platforms, DAO voting and so on. Well, let's see what happens, they have the power to make things better, hope they'll actually do.