Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
avp2306
on 09/08/2024, 08:45:13 UTC
If the problem was solely the devaluation of FUN token we would be fine.

In fact, the devaluation of the FUN token is no small factor. At least because of it, there is no point in locking FUN tokens on the freebitcoin site, especially for a long period. For example, if you bought FUN tokens a year ago and locked them for 360 days, this investment would be unprofitable for you now.

This is the greatest downside on casino token investment. The devaluation is too high compared to the APY you can get. Worst part is you can’t do anything rather than just watch your investment value crash since it’s locked.

Also the 25%APY is the main reason why the token price keeps dumping since investors that will get profit automatic dump their rewards to take profit. I’d rather stake stablecoins with smaller APY rather than this too volatile tokens even with insane APY.
This is what I don't like with this feature since we can't really be so sure to earn due to that situations mentioned. But still its still great for those people who try and they believe that there's something more to get for staking FUN tokens and hope to get profits with this token, but it seems it will take time for them to see those things what they wanted to happen on FUN token since its like pumping is not happening at this moment. But lets still see if they can do something to help increase its demand.