In a recent Ask Me Anything (AMA) session, the BetFury team delved into the platform’s latest updates. They also hinted at a new cryptodrop feature and announced that a detailed roadmap outlining the project’s future objectives will be released soon. Efforts are underway to list the $BFG token on more decentralized and centralized exchanges.
The team announced that bonus payouts now derive from Gross Gaming Revenue (GGR), a shift from the previous method of using mined tokens. GGR also funds bonuses, promo codes, events, and airdrops. Additionally, staking rewards are partially funded by GGR. If there is an insufficient supply of $BFG tokens, the platform will conduct an internal buyback using project revenue.
Increasing $BFG Token Holders and Market Presence
BetFury emphasized that using $BFG for payouts is intended to increase the number of token holders and enhance its market presence. Any future policy changes will be communicated to the community in advance.
Clarifying $BFG Token Supply
The team addressed misconceptions about the $BFG token supply, clarifying that there are 1.2 billion tokens in circulation, not 50 million. They reiterated that while BetFury cannot directly influence the token’s price, strategic promotion efforts are in place to enhance its appeal.
Boosting Token Value and Supply Management
To boost token value, holders lock their tokens in the stBFG pool. Other supply management mechanisms outlined in the whitepaper are also in effect. During the AMA, 39% of $BFG tokens are stored in a cold wallet containing both user deposits and team funds.
Deflationary Strategy and Additional Revenue Sources
BetFury continues to follow its deflationary strategy by burning $BFG tokens, with adjustments based on analytical feedback. The team also noted that lost bets are redirected to staking pools and that they are developing additional revenue sources.
High-Yield Staking Model and CertiK Audit Improvements
Transparent revenue generation mechanics and payout sustainability support the transition to a high-yield staking model. BetFury is working to improve its CertiK audit rating by moving tokens to public wallets and locking a significant amount for three years.
About Betfury
Established in November 2019 under Universe B Games B.V. BetFury has evolved into BetFury 2.0, becoming a premier online casino and sportsbook for crypto gaming. With a robust player base exceeding 1.6 million and a strong social media following of nearly 160,000 Twitter followers, BetFury has firmly positioned itself as a major player in the crypto gaming industry.
Supporting 57 cryptocurrencies, BetFury boasts an extensive game library with over 7,000 slot games from renowned providers like NetEnt, Quickspin, and Yggdrasil. In addition, BetFury offers provably fair in-house games to cater to all their players’ needs.
Its expansive live casino section features over 540 tables from Evolution Gaming and Ezugi. Providing a wide array of game formats, including popular game shows and traditional Indian games like Andar Bahar and Teen Patti.
Future plans include collaborating with both crypto and non-crypto partners to enhance the utility of the $BFG token.
BetFury Bonuses and Promotions
BetFury entices new players with generous welcome bonuses. Their welcome bonus offers a staggering 150% up to $2000. Simply select the bonus when depositing funds via the cashier to unlock your rewards.
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