Quote from: dwyane36 on October 01, 2024, 03:01:33 AM

Quote from: o48o on September 30, 2024, 12:31:31 PM

If we don't count the tokens that are burned because they are lost in gambling (which are provided by users themselves), they are just burning tokens from their own treasury (which they misleadingly call buyback bwt). Those tokens were never going to be on the free market, so "buying" them and burning them is not creating support .

So that's not in any way contributing to price. What it's technically contributing to, is rising the marketcap, and that's misleading as well, because marketcap is traditionally counted only with circulating tokens, and those tokens weren't planned to be in real circulation anyway, so burning then is a just smoke and mirrors and a charade. They aren't even using their profits to "buy" it back.

Yes, that updated tokenomics and the burning process initially looked good on paper, but it's been a few months since then, and unfortunately, it still doesn't work as well as BFG holders would like. By the way, the volume of their last burning transaction was only $21k, which is noticeably less than it was a year ago.

I never saw it looking any better. There just was a time when they didn't even tell enough about their tokenomics in their white paper to make any conclusions. Things started to look shady, and everything marketing of it was misleading. When i was asking questions about it and few other things, help desk couldn't answer, and i was being muted in their telegram. That's when i knew i had hit a nerve, because i was being polite in every way.

It's sad really, as they had something interesting, and they could still change the road for better just by giving a change to change their tokenomics radically with a holder vote. But i doubt they will, as nothing points that they would care. So they will give an option for trivial votes. I am just waiting for them to prove me wrong.