BetFury is not just a gaming platform but an entire system with various gaming activities. Also, we have lots of opportunities according to multicurrency. BetFury has its own internal BFG token, which you can easily get (Mine) on the platform.
What is Mining on BetFury?
The amount of BFG tokens that come to your balance depends on your bets and the Mining price on BetFury. The higher bets you place, the larger the mining income you’ll have!
The min bet for mining BFG is $0.01 in any currency to reduce the mining load and ensure its correct process. The total emission is 5 000 000 000 BFG. It’s the max number of BFG tokens that can be mined on the platform and will not be changed!
Mining Price changes
The mining price of BFG in each currency depends on the USDT exchange rate at Binance and rises after every 25 000 000 BFG is mined. It changes in real-time and is always actual on BetFury. So, track it on the Staking page anytime. With each change, you’ll need more crypto to mine BFG. So, the earlier you start mining, the more tokens you will get. The mining price rises 10% from the previous price in all In-house games and 10% from the last price in all Slots. Token value BFG = Mining Price = How much you spend to get one token.
Economics and sharing of mined tokens
The total mined amount of BFG is the number of tokens that have already been accumulated on the platform in total, since the launch of the forum (including tokens that were burned). The Mining system on BetFury is supposed to work for users and the BetFury team. Therefore, all the Mined BFG tokens of BetFury are shared by the following percentage proportions: 51% of all the Mined tokens amount go for sharing among Betfurians. And to develop the platform, the other 49% are divided for different goals on BetFury.
When you mine 1 BFG, the total mined amount increases by two tokens. It means that 1 BFG goes to you and 1 to the team. The BetFury team uses this amount of the Mined tokens for developing the platform in different ways. For example, mined tokens go to improve the Development and Marketing of BetFury. Also, the platform keeps BFG for the Referral Program, Reserve, and Bonuses - 5% for each. And 4% go for Partnerships.
Since BFG became a tradable asset, we’ve reforged the mining system and created the Progressive Lock mechanism. It sticks to the core idea of obtaining BFG tokens by placing bets, keeping the BetFury Staking earnings opportunities, reducing risks related to illegitimate token gaining, and eventually selling them on the open market. ⚠️ All newly mined tokens are locked for withdrawals. But you can still get Staking rewards and play with BFG until the tickets are unlocked after 180 days from being mined.
BFG Mining is coming to end
BFG token, just like Bitcoin, has limited emission. Let’s see together how it works. A certain amount of BFG tokens will be mined out one day. The max number of BFG that can be Mined on BetFury is 5 000 000 000, and 4 991 498 351 BFG has already been Mined. What will happen with BFG after Mining ends?
Let’s take the example of Bitcoin to understand better! When Bitcoin was created, it was stated in its protocol that the total supply would be restricted to 21 million. The supply cannot increase – regardless of growing demand. The value of Bitcoin grows because of its unique Mining system. Therefore, the interest in its obtaining is extremely high.
We can expect the same from this example for the BFG token. The BFG overgrown ecosystem increases its value too. Once all of them are Mined, no new BFG will enter circulation. Therefore, when all tokens are issued – they will be full-fledged coins with tokenomics and value. Besides, as always, BFG has many utility opportunities: Staking, Trading, Gaming, and getting Bonuses.