What are BFG tokens? | 100% project profits to support BFG

These days, a lot of tokens appear in the cryptocurrency world. However, only a few cryptocurrencies effectively combine revenue opportunities and a strategic vision to power their tokens internally. These projects build long-term prospects for token utility and have a loyal community of holders.

BFG tokens can be classified as one of these tokens. It took these characteristics and demonstrated clear token economics aligned with the idea of ​​sharing revenue with users, both in the project and in the token.

In this article, we reveal key BFG utilities, exclusive benefits for holders, and token price predictions. We will also share how the BetFury project allocates 100% of its profits to sustain BFG tokens.

What are BFG tokens?

BFG is the native token of the BetFury ecosystem, launched on the BSC chain (BEP-20) in June 2021. There are over 67,000 holders who use BFG for trading, gaming, sports betting, and earning passive income through staking. BFG: https://betfury.io/about-bfg.

BFG has become an integral part of the BetFury project and is constantly moving towards new achievements. It plays an important role in the ecosystem and its strong deflationary strategy increases its market value. One of the fundamental points of this strategy is to direct Gross Gaming Revenue (GGR) to the BFG staking pool, a major cryptocurrency utility.

Do you know of any other projects that spend 100% of their team revenue to support their native tokens? Moreover, BetFury seasons this with permanent BFG buybacks which have a positive impact on the BFG price. Therefore, the platform has stable revenue and uses it for token development and long-term perspective.

BFG growth history

The BFG token was launched to distribute platform profits and passive income to its holders. Gradually, as the project expanded, the number of collaborations increased, providing additional utility for BFG tokens, including exchange options and additional income opportunities for users.

Users and teams played at a 1:1 ratio to mine tokens. After BFG mining ended in June 2023, the total supply reached 5 billion tokens. Simultaneously with the mining process, revenue sharing, the main utility of BFG tokens, began. Users who became BFG holders began participating in this distribution mechanism. After listing on top exchanges like PancakeSwap, BFG has increased liquidity and market circulation, establishing itself as one of the most popular tokens in the cryptocurrency iGaming niche.

Strategic BFG deflation mechanism

After BFG mining ended, BetFury took on the most important task: increasing the value of BFG. Having stable and sound token economics allowed the team to create a new deflation strategy to achieve this task. The new deflation mechanism involves using the BetFury team’s profits to repurchase tokens from the market.

BFG redemption and burn mechanism

The team will use funds from the platform’s revenue streams to buy back BFG tokens from the market and perform monthly BFG token burns to reduce circulating supply. These revenue streams include:

• Cryptocurrency staking fines;
• Cryptocurrency swap fees;
• Borrower settlement and fees;
• futures fees
• The BetFury team staked BFG.

BFG buyback and lock

Each month, the BetFury team uses funds generated from the mentioned revenue streams to buy back tokens from the circulating supply and stores them in a dedicated wallet known as Treasury. Periodically, these repurchased BFG tokens will be distributed as incentives to stBFG/BFG holders and active platform users.

This transparent and innovative deflation strategy shows that the BetFury team will focus all its efforts on strengthening the token and supporting BFG holders.

How to make money with BFG?

BFG has many utilities that reveal the full utility of the token.

BFG Staking

This is a basic tool for passive income. BetFury offers you the opportunity to double your rewards by converting your BFG to stBFG (a special native token) with no fees. Offers up to 70% APY and daily payouts in BTC, ETH, BNB, USDT and TRX.

According to the mechanism for replenishing the BFG staking pool, a portion of GGR will be distributed to BFG and stBFG holders in the BFG staking pool. In this way, the BetFury team can continue to support the profitability of the pool for users by offering high APYs. Additionally, the BetFury team locked up 1 billion BFG tokens for 3 years, choosing not to benefit from x2 APY but instead earn from the regular APY of the BFG staking pool. This locking ensures the team’s serious commitment to token development and a deflationary model.

BFG Trading

Anyone can trade assets on BetFury using Crypto Swap. It is an internal exchange that offers fast transactions and low fees. Moreover, you can trade BFG on major exchanges such as Pancake Swap, Biswap, etc.

BFG token holdings

Holding BFG tokens also gives you the following benefits:

• High passive income from BFG staking;
• Access to BetFury’s exclusive features and bonuses
• There is a possibility of obtaining high-value tokens thanks to strategic deflation mechanisms and smart token economics (link).
• The incredible additional rewards available to all holders come in a variety of formats.

Play BFG

BetFury has over 8,000 slots and 20 original games. So players can easily bet and increase their BFG assets.

BFG Betting on Sports

The platform offers over 80 sports betting options on BFG. Users can also get beneficial bonuses through BFG betting.

BFG Bonuses and Events

BetFury has a lucrative welcome pack that includes a deposit bonus of up to $10,500 and 225 free spins. In addition, each user can receive pleasant bonuses for their activities and participate in various large-scale events with huge rewards.

• Climb your ranks at BetFury and get up to 25% cashback at BFG.
• Earn fantastic Rakebacks and weekly and monthly bonuses at Rank 1.
• Get BFG tokens during Coindrop, Rain, etc.
• Pick up some awesome bonus packs from the bonus cabinet.
• Increase your BFG by participating in regular battles, events, and tournaments.
• Collect weekly and monthly bonuses from BFG based on the amount wagered and deposits lost between earning periods.
• Become an active VIP user to get BFG regularly.
• Get an enhanced TG monthly bonus from BFG after connecting the BetFury Telegram Bot to your account.

The variety of uses for the BFG token helps it remain strong in changing markets, and strategies to reduce supply further increase the value of the BFG token over time.

Are BFG tokens safe?

BFG received CertiK certification on September 17, 2021. The report demonstrated the reliability and security of the token. BetFury also received a Curacao gaming license. As a result, the platform won the trust of users and guaranteed all BFG holders.

BFG Token Price Prediction

According to Coincodex predictions, the BFG price could increase 228% by June 6, 2024, reaching $0.0567. The platform also determined the minimum and maximum value of the token in 2025 ($0.017284 and $0.081670) based on past cycles. Upgraded token economics and deflation strategies can support these positive dynamics. Therefore, such predictions are likely to come true. Anyway, remember that the cryptocurrency market is very volatile. Experienced traders should stay up to date with the latest trends and always conduct their own research.

conclusion

Ecosystem upgrades are essential for any cryptocurrency platform competing for industry leadership. That is why BetFury has updated its token economics and introduced a new transparent deflation model to empower BFG tokens. The platform directs 100% of iGaming revenue to support BFG tokens in the BFG staking pool, providing users with favorable conditions and stable APY rewards. The remainder of non-iGaming revenue is used for Burning and BFG buybacks to top up Treasury funds. As a result, the BetFury team is committed to fostering a healthy token economy and fostering the continued growth of the ecosystem.