BetFury AMA discusses latest updates and upcoming features

BetFury hinted at the launch of a new feature called Cryptodrop

BetFury recently hosted an Ask Me Anything (AMA) session where its team discussed the recent updates to the platform and in particular to the $BFG token. The team further revealed their plans for the future of the token and the platform as a whole.

The BetFury team explained that bonus payouts now come from the Gross Gaming Revenue (GGR). This is a departure from the previous method where bonuses were directly paid from mined tokens. GGR is also used to fund bonuses, promo codes, events and airdrops. In addition, staking rewards are partially funded from GGR.

In the new system in case there are insufficient $BFG tokens available, project revenue is used to conduct an internal buyback from the market. There is no change in $BFG being used for various functions, bonuses and betting on the platform.

According to the BetFury team, using $BFG for payouts, however, is going to increase the number of holders and enhance the token’s presence on the market.

In case any more changes are introduced to this policy, the team will inform the BetFury community about them in advance.

The BetFury team also refuted claims that there are only 50m $BFG in circulation. They noted that the total number is 1.2bn. The platform is not able to influence the price of the $BFG token, but BetFury is making efforts to strategically promote the token and thus increase its allure.

The team reminded holders that locking tokens in the stBFG pool can help with boosting value. Other mechanisms outlined in the project’s whitepaper are also put in place to manage the token supply effectively.

During the AMA it also became clear that 39% of $BFG tokens are held in a cold wallet. It stores both deposits from users and team funds.

BetFury will also continue to burn $BFG tokens according to its deflationary strategy, which may be adjusted according to the analytical feedback.

Addressing concerns in connection with the dividend pool, the team noted that lost bets are being relocated to staking pools. They are also developing additional revenue sources.

BetFury’s transition to a new high-yield staking model is being supported by transparent revenue generation mechanics and payout sustainability.

BetFury is also trying to improve its CertiK audit rating. Some of the measures taken in this regard are moving tokens to public wallets and locking a large amount of tokens for three years.

Collaborations with crypto and non-crypto market players are also sought after as the team believes that they can contribute to enhancing the $BFG token utility.

Looking ahead, the BetFury team teased the launch of a new feature called Cryptodrop. They also announced the upcoming release of a detailed roadmap about the project’s future objectives. They are also looking for opportunities for more listings on decentralized and centralized exchanges.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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