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.
This reminds me of people who buy shares because of the high dividend, without taking into account that a high dividend is usually a sign of a problem, and end up collecting 7% a year dividend but losing 20% a year on the stock price.
At the beginning buying the token made sense, but the trend has been towards 0 for a long time now, like 99% of the tokens and alts.
Compared to other Altcoins in the market, the way Fun token has dropped is really exceptional, for like over a year now or even far more than, there have not been a time we celebrated any significant rise in price of fun token, even when bitcoin went from around $15k or less to over $70k between last year November and this year march, majority of Altcoins saw some really nice gains, but Fun token have remains relatively stagnant.
There have been not any major news or announcement concerning the project to cause people to pay attention to the token again, and if things continue like this, I fear that this might become another shitcoin in no time, coupled with the issues freebitco is currently going through which they don't seem to be doing any thing about.