BFG
 | |
| Cryptocurrency Token | |
| ISIN | 🆔 |
| Industry | Cryptocurrency |
| Founded 📆 | 2021 |
| Founder 👔 | BetFury |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | https://betfury.io/ |
| 📇 Address | |
| 📞 telephone | |
BFG (launched June 2021) is the utility token of the BetFury platform launched on the BNB Chain. BFG’s unique mining solution, by placing bets, and staking opportunities became a hallmark of the BetFury project. Once anyone has got and holds BFG tokens on BetFury they can receive a part of the platform's profit from the staking pool.[1]
Overview[edit]
BetFury is one of the most popular cryptocurrency casinos in the industry with top slot machines and some of the best dice and table games in the market. Users are able to enjoy over 5,000 different games and use their favorite cryptocurrencies to play. Players will find a very easy-to-use platform (user-friendly) with a page that is very easy to navigate.[2] Users can get cashback up to 25% and they can also get rakeback depending on the games they play. Furthermore, there are some games that are free to play and that would let users win real crypto. The company decided to make the whole experience even better and launch its own token called BFG. The token was released on top of the Binance Smart Chain (BSC) blockchain network under the BEP20 token standard.
BFG Token Utility[edit]
Exchange[edit]
BFG can be purchased on one of the TOP exchanges. Biswap exchange is the fastest and easiest way to buy BFG. Users that prefer to gain exposure to this virtual currency can do so by purchasing it using different exchanges. Coinsbit, BabySwap, CoinTiger, Hotbit and ApeSwap.Finance are just some of the platforms available that support BetFury’s new BFG token.
BFG Mining[edit]
Users would be able to obtain BFG tokens when they play different games. The mining price of each currency depends on the Bitcoin exchange rate on the Binance platform. Every 50 million BFG tokens mined, there will be an increase in the difficulty of BFG mining.
BFG Staking[edit]
BetFury is also rewarding users that decide to stake coins. That means that every 24 hours, the staking pool releases 3% of the total profits of the platform in each currency. Then, this amount is shared among all users who hold BFG tokens. Staking rewards are distributed according to the stake of the investor. The larger your stake, the larger the rewards that you receive. Hence, the BFG staking mechanism is a way to incentivize holding the coin rather than selling it to the market.
BFG farming[edit]
Farming is an opportunity to receive crypto yield by staking BFG tokens with high APR. The BetFury team mints a part of not mined tokens from the total supply and provides those tokens for Farming purposes. Profit from the Farming pool is automatically distributed among all participants. So the users may withdraw or compound their farming yield at any time.[3]
Tokenomics[edit]
With a total supply of 5 billion BFG tokens, 51% has been allocated to mining, 20% to developers, 10% for marketing campaigns, 5% for referral opportunities, 5% for a reserve, 5% for bonuses, and 4% for partnerships that would help the casino reach a larger number of users over time.
- Total Supply - 5,000,000,000 BFG
- Mining - 51%
- Reserve - 5%
- Devs - 20%
- Bonuses - 5%
- Marketing - 10%
- Partnership - 4%
- Referral - 5%
References[edit]
- ↑ "About BFG". Retrieved 2022-06-02.
- ↑ "BetFury (BFG) Utility Token Review". Retrieved 2022-06-02.
- ↑ "BFG farming". Retrieved 2022-06-02.
