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.
Talking about staking volatile crypto assets and comparing it to staking stable coins, I would say highly depends on the project in question, not every Altcoin are worth taking a long term risk on, and for such Altcoin, staking can turn out to be a death sentence on the money you have invested in or on such Altcoin.
And talking about Fun token particular, I don't want to particularly believe that the only reason for the huge dump is due to stakers selling off their reward, I think the team or management of the fun token, as well as freebitco must have secretly sold millions (if not billions) of the token, which is the major reason for the dump we have seen over time.
There is no way this casino will be having issues and the team havent sold, they possibly have even dumped alot before this whole fiasco with the casino started, this is possibly one of the sources through which they raise money for most of the lotteries and giveaways on the casino.