BetFury’s weekly burn over $1.5m

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Updated September 21, 2022 | Published July 3, 2020

2 mins read

The company has been burning the BFG token to increase its value, as well as retain the balance between developers and holders, leading to better dividend payouts for token holders.

According to the company, the move allows BetFury to remain competitive and further develop its ecosystem's growth. Summing up all the main reasons behind the move, BetFury has outlined these reasons:

  • To increase the value of the BFG token
  • To keep the balance between holders and developers
  • To support a continuous growth and improve Dividend payouts for stake holders

At its present rate, BetFury is burning tokens once a month and all past burnings can be seen in the “History of burned BFG” tab. BetFury runs several different options that have to do with burning tokens.

There are “auction burned” and “team burned” and these two simply indicate that the BFG tokens in the auction and the BFG tokens that were received from mining have been burned. BFG tokens from lost bets are also burned as part of the “gaming burned” category.

The total amount burned in the 8th BFG burn was 125,321,961 BFG with a total value over $1.5 million. The project's net value has been increasing exponentially thanks to the frequent burning of tokens.

BetFury has seen a good pace of development of late, with the platform continually expanding on its offer through new games and updates.

The operator has risen to become one of the trusted TRON and bitcoin casinos, and will have its sights set on casinos such as Bitcasino.io and mBitCasino, who have consistently set a high bar in recent years.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Roman

Social

Roman is a big crypto enthusiast and a bigger sports fan, so crypto sports betting comes as a major interest for him. Has been involved with the gambling industry since 2017 and sees crypto as a major breakthrough for the payments side, specially beyond first world countries.
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