Countless tokens appear in the crypto world nowadays. However, only some cryptocurrencies effectively combine earning opportunities and strategic vision for strengthening a token from the inside. Such projects build long-term prospects for token utilities and have a loyal community of holders.
The BFG token can be classified as one of these tokens. It has taken on these qualities and shown clear tokenomics, aligning with the idea of sharing revenue with users in both the project and the token.
This article will reveal the primary BFG utilities, exclusive benefits for its holders, and token price prediction. We will also share how the BetFury project allocates 100% of its revenue to sustain the BFG token.
What is a BFG Token?
BFG is a native token of the BetFury ecosystem, launched on a BSC Chain (BEP-20) in June 2021. It has over 67,000 holders who use BFG for trading, gaming, sports betting, getting passive income from staking, etc. More about BFG: https://betfury.com/about-bfg.
BFG has become integral to the BetFury project, constantly moving towards new achievements. It plays a vital role in the ecosystem and rises in market value due to the robust deflationary strategy. One of the fundamental points of this strategy is the direction of GGR (Gross Gaming Revenue) to the BFG Staking pool, the main crypto utility.Do you know other projects that spend 100% of the team’s revenue to support the native token? Moreover, BetFury seasons it with permanent BFG buybacks that positively affect the BFG price. Therefore, having stable revenue, the platform spends it on token development and its long-term perspective.
History Behind BFG Growth
The BFG token was launched to distribute the platform revenue and passive income to its owners. Gradually, as the project scaled, the number of collaborations increased, providing additional utilities for the BFG token, including exchange options and additional income opportunities for users.Tokens were mined by playing in a one-to-one ratio for the user and team. After the end of BFG mining in June 2023, the total supply amounted to 5 billion tokens. Simultaneously with the mining process, the primary utility of the BFG token was launched – revenue share. Users who became BFG holders began to participate in this distribution mechanism. After listing on top exchanges like PancakeSwap, BFG increased its liquidity and market circulation, taking a well-deserved place among the most popular tokens in the crypto-iGaming niche.
Strategic BFG Deflationary Mechanism
After the end of BFG mining, BetFury took on the most critical mission – escalating the value of BFG. Stable and healthy tokenomics allowed the team to create a new deflationary strategy to accomplish this task. The new deflationary mechanism involves repurchasing tokens from the market using the BetFury team’s revenue.
BFG Buyback & Burn Mechanism
The team uses funds from the platform’s revenue streams to buy back BFG tokens from the market and conduct a monthly BFG token burn, reducing the circulating supply. These revenue streams include:
crypto staking penalty fee;
crypto swap fee;
borrowing liquidation and fee;
Futures fee
staked BFG by the BetFury team;
BFG Buyback & Lock
Each month, BetFury’s team buys back tokens from the circulating supply using funds generated from the mentioned revenue streams and stores them in a dedicated wallet known as the Treasury. Periodically, these repurchased BFG tokens will be distributed as incentives to stBFG/BFG holders and active platform users.
This transparent and innovative deflationary strategy demonstrates that the BetFury team will focus all its efforts on boosting the token and supporting BFG holders.
How to Earn with BFG?
BFG has many utilities that reveal the token’s full range of usefulness.
Staking BFG
It’s the primary tool for passive earning. BetFury offers BFG Staking with an opportunity to double rewards by converting BFG to stBFG (a special native token) with zero fees. It provides up to 70% APY and daily payouts in BTC, ETH, BNB, USDT, and TRX.According to the mechanism for replenishing the BFG Staking pool, the part of GGR is distributed among BFG and stBFG holders in the BFG Staking pool. This way, the BetFury team can consistently support the pool’s profitability for users by providing a high APY. Additionally, the BetFury team has locked 1 billion BFG tokens for three years, opting not to benefit from the x2 APY but to earn from a regular APY in the BFG Staking pool. Such a lock ensures the team’s serious commitment to token development and its deflationary model.
Trading BFG
Everyone can trade assets on BetFury using Crypto Swap. It’s an internal exchange that provides fast transactions and low fees. Besides, you can trade BFG on top exchanges like Pancake Swap, Biswap, etc.
Holding BFG tokens
By holding a BFG token, you also gain benefits:
High passive income from BFG staking;
Access to exclusive features and bonuses on BetFury;
Potential to get the high-value token thanks to strategic deflation mechanism and smart tokenomics (link);
Additional huge rewards for all holders are available in different formats.
Playing BFG
BetFury has over 8,000 slots and 20 Original games. Therefore, players can easily place bets and multiply their BFG assets.
Betting BFG in Sports
The platform offers over 80 sports betting options in BFG. Users also can get beneficial bonuses by placing BFG bets.
BFG Bonuses & Events
BetFury has a profitable Welcome Pack with up to a $10,500 Deposit bonus and 225 Free Spins. Moreover, each user can receive pleasant bonuses for activity and participate in various large-scale events with huge rewards:
Rise your Rank on BetFury to receive up to 25% Cashback in BFG;
Loot fantastic Rakeback and Weekly & Monthly Bonuses from Rank 1;
Get the BFG tokens during Coindrop, Rain, etc;
Choose great Bonus Packs in your Bonus Cabinet;
Join regular battles, events, and tournaments to multiply BFG;
Gather Weekly and Monthly Bonuses in BFG based on your wager and lost deposit funds between accrual periods;
Be an active VIP user to earn BFG regularly;
Receive a boosted TG Monthly Bonus in BFG after connecting the BetFury Telegram Bot to your account.
The different uses of the BFG token help it stay strong in changing markets, and its strategy of reducing supply makes it more valuable over time.
Is the BFG token secure?
BFG got a CertiK certification on September 17, 2021. This report showed the token’s reliability and security. Moreover, BetFury also received a Curacao gaming license. As a result, the platform gained users’ trust and assured all BFG holders.
BFG Token Price Prediction
According to Coincodex forecasts, the BFG price may increase by 228% and reach $0.0567 by June 6, 2024. Based on historical cycles, the platform also determined the minimum and maximum value of the token for 2025: $0.017284 and $0.081670. The upgraded tokenomics and deflationary strategy can support these positive dynamics. Therefore, such predictions have a good chance of coming true. In any case, remember that the crypto market is very volatile. Experienced traders should keep their finger on the pulse and always conduct their own research.
Conclusion
Ecosystem upgrades are essential for any crypto platform competing for a leading position in the industry. That is why BetFury has updated its tokenomics and introduced a new transparent deflationary model to empower its BFG token. The platform has directed 100% of iGaming revenue to support BFG tokens in the BFG Staking pool, thus granting users favorable conditions and stable APY rewards. The other part of the non-iGaming income will be used for BFG buybacks to fill the Burning and Treasury funds. As an outcome, the BetFury team is committed to fostering a healthy token economy and facilitating the continuous growth of the ecosystem.