BetFury Introduces Enhanced Tokenomics and Deflationary Strategy

10/05/2024 | Categories: News | Published by: Heather | Last updated: 10/05/2024

BetFury, the popular crypto casino and sports betting site, has revived its ecosystem mechanics. The primary objectives behind this overhaul are to improve transparency, refine the deflationary strategy, bolster support for $BFG token holders, and introduce an innovative buyback mechanism.

In a bid to ensure utmost transparency, BetFury has restructured its token distribution model. Through public addresses, users can now readily monitor token allocation across various channels.

Token Burning and Staking Pool

Under the new scheme, a significant % of the token emission, 33.3% is allocated for token burning, effectively reducing the circulating supply. Additionally, 20% of tokens are securely locked in the $BFG staking pool for three years to stimulate token growth.

Introduction of stBFG Token

A new addition to the ecosystem is the introduction of stBFG, a special internal token. Approximately 7.8% of $BFG tokens have been converted to stBFG, offering users increased staking rewards.

To foster token value and scarcity, the BetFury team aims to decrease the availability of $BFG tokens for trading on platforms like CoinMarketCap.

Revenue Distribution and Burning Mechanism

BetFury has a longstanding practice of distributing a portion of its revenue to users based on the platform’s Gross Gaming Revenue (GGR). Notably, all GGR contributions to the $BFG staking pool benefit token holders.

Buyback and Burn Strategy

Integral to BetFury’s ecosystem strategy is the routine buyback and burn of $BFG tokens using revenue from diverse streams. This ensures a continual reduction in token supply, contributing to deflationary pressures.

Forward-looking Growth Prospects

With 100% of gaming revenue directed to the $BFG staking pool and strategic buyback mechanisms in place, BetFury emerges as an enticing platform which can only keep on improving and growing. As BetFury plans to lock 1 billion tokens for the next five years, $BFG token holders can anticipate a progressive increase in token value and stability.

About BetFury

Established in November 2019 under Universe B Games B.V., BetFury has transformed into BetFury 2.0, emerging as a leading online casino and sportsbook for crypto gaming. With a strong player base exceeding 1.6 million and a thriving social media presence boasting nearly 160,000 Twitter followers, BetFury has made sure that they are one of the big guys in the crypto gaming industry.

Supporting 57 cryptocurrencies, BetFury offers a large game library.

Featuring over 7,000 slot games from renowned providers like NetEnt, Quickspin, and Yggdrasil. Alongside provably fair in-house games, BetFury caters to diverse gaming preferences. Moreover, its expansive live casino section hosts over 540 tables from Evolution Gaming and Ezugi. Offering a plethora of game formats, from popular game shows to traditional Indian games like Andar Bahar and Teen Patti.

Recently, BetFury has introduced Blackjack tables boasting an impressive 99.28% RTP (Return to Player).

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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