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What is a BFG token? | 100% of project revenue for BFG support
Countless tokens appear in the world of cryptocurrencies nowadays. However, only a few cryptocurrencies effectively combine profit opportunities and strategic vision to strengthen a token from the inside. Such projects create long-term prospects for token services and have a loyal community of holders.
The BFG token can be classified as one of these tokens. It took on these qualities and demonstrated clear tokenomics, aligning with the idea of sharing revenue with users in both the project and the token.
This article will reveal the main utilities of BFG, the exclusive benefits for its holders and the token price prediction. We will also share how the BetFury project allocates 100% of its revenue to support 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 using BFG for trading, gaming, sports betting, earning passive income from staking, etc. More GGG information: https://betfury.io/about-bfg.
BFG has become an integral part of the BetFury project, constantly moving towards new heights. It plays a vital role in the ecosystem and increases market value due to the robust deflationary strategy. One of the key points of this strategy is the direction of GGR (Gross Gaming Revenue) towards the Staking pool of BFG, the main crypto utility.
Do you know any other projects that spend 100% of the team’s revenue to support the native token? Additionally, BetFury peppers it with permanent BFG buybacks that positively impact the BFG price. Therefore, having stable income, the platform spends it on token development and its long-term perspective.
The story behind the growth of BFG
The BFG token was launched to distribute platform revenue and passive income to its owners. Gradually, as the project expanded, the number of collaborations increased, providing additional utility for the BFG token, including trading options and additional income opportunities for users.
Tokens were extracted by playing in a one-to-one ratio for the user and the team. After BFG mining ended in June 2023, the total supply amounted to 5 billion tokens. Simultaneously with the mining process, the main utility of the BFG token was launched: revenue share. Users who became owners of BFG began to participate in this distribution mechanism. After listing on major exchanges such as PancakeSwap, BFG has increased its liquidity and market circulation, earning a well-deserved place among the most popular tokens in the crypto-iGaming niche.
Strategic deflationary mechanism of the BFG
After BFG mining ended, BetFury embarked on the most critical mission: increasing the value of BFG. A stable and healthy tokenomics allowed the team to create a new deflationary strategy to accomplish this task. The new deflationary mechanism involves the repurchase of tokens from the market using the BetFury team’s revenue.
BFG buyback and combustion mechanism
The team uses funds from the platform’s revenue streams to buy back BFG tokens from the market and perform a monthly burn of BFG tokens, reducing the circulating supply. These revenue streams include:
- penalties for staking cryptocurrencies;
- cryptocurrency exchange fee;
- loan settlement and commission;
- Futures commission
- BFG bet by the BetFury team;
Repurchase and blocking of the BFG
Every month, the BetFury 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 Treasury. Periodically, these repurchased BFG tokens will be distributed as incentives to stBFG/BFG holders and active users of the platform.
This transparent and innovative deflationary strategy demonstrates 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 range of utilities of the token.
BFG staking
It is the main tool for passive income. BetFury offers BFG staking with the opportunity to double your rewards by converting BFG to stBFG (a special native token) with zero fees. Provides up to 70% APY and daily payments in BTC, ETH, BNB, USDT and TRX.
According to the replenishment mechanism of the BFG Staking pool, the part of GGR is distributed between the 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. Furthermore, the BetFury team has locked 1 billion BFG tokens for three years, choosing not to benefit from the x2 APY but to earn from a regular APY in the BFG Staking pool. Such a block guarantees the team’s serious commitment to token development and its deflationary model.
Commercial BFG
Everyone can trade assets on BetFury using Crypto Swap. It is an internal exchange that provides fast transactions and low fees. Also, you can trade BFG on top exchanges like Pancake Swap, Biswap, etc.
Own BFG tokens
By owning a BFG token, you also get benefits:
- High passive income from staking BFG;
- Access to exclusive features and bonuses on BetFury;
- Potential to obtain high-value tokens thanks to the strategic deflation mechanism and intelligent tokenomics (link);
- Additional huge prizes 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 resources.
BFG betting in sports
The platform offers over 80 sports betting options in BFG. Users can also get advantageous bonuses by placing BFG bets.
GGG bonuses and events
BetFury has a lucrative welcome package with a deposit bonus of up to $10,500 and 225 free spins. In addition, each user can receive pleasant bonuses for activity and participate in various large-scale events with huge rewards:
- Increase your rank on BetFury to receive up to 25% Cashback in BFG;
- Get fantastic rakeback and weekly and monthly bonuses from rank 1;
- Get BFG Tokens during Coindrop, Rain, etc.;
- Choose great bonus packages in your bonus locker;
- Participate in regular battles, events and tournaments to multiply the BFG;
- Collect weekly and monthly bonuses in BFG based on your wagering and deposit funds lost between accumulation periods;
- Become an active VIP user to earn BFG regularly;
- Receive an enhanced TG monthly bonus in BFG after connecting BetFury Telegram Bot to your account.
The BFG token’s diverse uses help it stay strong in changing markets, and its supply reduction strategy makes it more valuable over time.
Is the BFG token safe?
The BFG got a CertiK certification on September 17, 2021. This report showed the reliability and security of the token. Furthermore, BetFury has also received a Curacao gaming license. As a result, the platform has gained the trust of users and secured all BFG holders.
BFG Token Price Prediction
Second Coincode According to forecasts, the price of BFG could 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. Updated 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 cryptocurrency market is very volatile. Experienced traders should keep their finger on the pulse and always conduct their own research.
Conclusion
Ecosystem updates are essential for any crypto platform competing for a leadership position in the industry. That’s why BetFury has updated its tokenomics and introduced a new transparent deflationary model to power its BFG token. The platform directed 100% of iGaming revenue will go to support BFG token in the BFG Staking pool, thus guaranteeing users favorable conditions and stable APY rewards. The other portion of the non-iGaming revenue will be used for BFG buybacks to fill the Burning and Treasury funds. As a result, the BetFury team is committed to promoting a healthy token economy and facilitating the continued growth of the ecosystem.
As the cryptocurrency market continues to expand, investors are constantly looking for new opportunities to maximize their returns. Pepe (PEPE), a meme coin inspired by the iconic Internet character Pepe the Frog, has been a staple in the meme coin arena. However, recent developments have shifted some investors’ attention to a promising new competitor: MPEPE (MPEPE). Currently trading at $0.0007, Mpeppe is attracting significant interest from those looking to diversify and capitalize on the next big thing.
Pepe’s appeal (PEPE)
Pepecoin (PEPE) has carved out a significant niche for itself in the cryptocurrency market, largely due to its vibrant community and roots in internet meme culture. Drawing inspiration from the popular meme character Pepe the Frog, Pepe (PEPE) has captured the attention of cryptocurrency enthusiasts and meme enthusiasts alike. This fusion of humor and community spirit has been instrumental in its rise within the cryptocurrency space.
The continued success of Pepecoin (PEPE) can be attributed to its active and dedicated community. Holders of the coin are known for their enthusiastic promotion on social media platforms, which helps maintain its visibility and popularity. This strong community support has been instrumental in sustaining Pepe (PEPE)’s momentum and driving its market performance. Recent whale activity, such as a massive transfer of 9 trillion PEPE tokens valued at $82 million to Bybit, further highlights the coin’s potential for significant price movements driven by large-scale transactions.
Mpeppe (MPEPE): the rising star
Mpeppe (MPEPE) differentiates itself by merging the realms of sports and cryptocurrency. Drawing inspiration from soccer sensation Kylian Mbappé and leveraging the legacy of the Pepe (PEPE) meme coin, Mpeppe offers a unique appeal that resonates with both sports fans and cryptocurrency investors. This innovative fusion is attracting a diverse and engaged audience, fostering a vibrant community around the token.
A large ecosystem
Differentiating itself from typical meme coins, Mpeppe (MPEPE) features a robust ecosystem that includes gaming and sports betting platforms, NFT collectibles, and social interaction features. These utilities provide real value to users, creating multiple channels for engagement and investment. This comprehensive approach positions Mpeppe as more than just a meme coin, offering a richer and more engaging experience for its users.
Investment Potential of Mpeppe (MPEPE)
Strategic Tokenomics
Mpeppe (MPEPE) has been strategically priced at $0.0007, making it accessible to a wide range of investors. Tokenomics is designed to support long-term growth, with allocations for presales, liquidity, and sports activities. This strategic distribution ensures stability and promotes community engagement, positioning Mpeppe for substantial growth.
Analysts’ optimism
Market analysts are optimistic about the potential of Mpeppe (MPEPE). The coin’s innovative approach, strong community, and strategic partnerships are expected to drive significant price increases. Early investors stand to benefit from substantial returns as Mpeppe gains traction in the market. Analysts note that Mpeppe’s combination of utility and community engagement positions it well for future growth, especially as the cryptocurrency market continues to evolve.
The impact of similar competing businesses
Driving Innovation
Competition between similar assets such as Pepe (PEPE) and Mpeppe (MPEPE) is a catalyst for innovation. Each project strives to outdo the other, resulting in continuous improvements and new features. This dynamic competition benefits investors, offering them better and more advanced products.
Market diversification
Having multiple competing assets in the market promotes diversification. Investors have more options to choose from, which can help spread risk and potentially increase returns. The presence of strong contenders like Pepe (PEPE) and Mpeppe (MPEPE) ensures a vibrant and resilient crypto ecosystem.
Increased market interest
Competition between similar assets also generates increased market interest. As projects compete for attention, they attract more investors and media coverage, leading to increased visibility and adoption. This increased interest can drive further investment and growth in the sector.
The Future of Mpeppe (MPEPE)
Strategic development
Mpeppe (MPEPE) has a clear and ambitious roadmap for the future. Development plans include expanding its gaming and sports betting platforms, launching new NFT collections, and forming strategic partnerships. These initiatives are designed to improve user experience and drive market growth.
Community Growth
The success of Mpeppe (MPEPE) will largely depend on its ability to build and sustain a strong community. By focusing on engagement and providing valuable utility, Mpeppe aims to foster a loyal and active user base. This community-driven approach is expected to play a significant role in its long-term success.
Conclusion: A New Horizon for Meme Coin Investors
In conclusion, while Pepe (PEPE) has established itself as a significant player in the meme coin market, Mpeppe (MPEPE) offers a fresh and innovative approach that is capturing the interest of investors. With its strategic pricing, comprehensive ecosystem, and potential for high returns, Mpeppe (MPEPE) represents an exciting opportunity for those looking to diversify their cryptocurrency portfolios. As always, investors should stay informed and consider multiple factors before making investment decisions. Embrace the potential of Mpeppe (MPEPE) and join the journey to new rewards in the cryptocurrency world.
For more information on the pre-sale of Mpeppe (MPEPE):
Visit Mpeppe (MPEPE)
Join and become a member of the community:
Italian: https://t.me/mpeppecoin
Italian: https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
- The Golem project has moved over $124 million in ETH for staking.
- Ethereum staking frenzy has increased ahead of the launch of spot ETH ETFs in the US.
Ethereal [ETH]The Project Golem-based distributed computing marketplace has joined the ETH staking frenzy.
On July 11, contrary to its recent sell-off, the company reportedly staked 40K ETH worth over $124.6 million, according to Lookonchain data.
Golem Network has confirmed its Ethereum staking initiative and said its purpose was to “create space” to help participants contribute to the network.
“The Golem Ecosystem Fund is officially launched today! We have staked 40,000 ETH from Golem’s treasury. This will create a space where developers, researchers, and entrepreneurs can bring their ideas to life and contribute to the Golem Network and its ecosystem!”
Ethereum Staking Frenzy
The staking frenzy has infected Ethereum, with just days to go until the potential launch of a spot ETH ETF in the United States. Recently, an unmarked address blocked over 6K ETH.
The Golem project’s decision to lock up 40K ETH on July 11th pushed the total ETH locked up to Chain of lights at an all-time high of 47.5 million ETH, worth over $140 billion based on market prices at press time.
Beacon Chain is Ethereum’s system that manages the validation of new blocks.
Source: Etherscan
According to a recent AMBCrypto relationshipIncreased ETH staking ahead of the debut of the ETH spot ETF in the US has underscored bullish sentiment.
More ETH has been moved from exchanges, further strengthening bullish expectations.
Meanwhile, from a short-term perspective, many addresses were losing at the $3.2K and $3.5K levels. Investors could try to take a profit if they break even.
These prices represent key levels to watch in the short term.
Source: IntoTheBlock
Next: Why Bitcoin Must Surpass $61K Soon, According to Analysts
As the cryptocurrency space turns bearish, giants like Chainlink and Fantom are facing setbacks with declining trends for LINK and FTM. Amid these changes, BlockDAG emerges as a prime target due to its promising pre-sales and long-term prospects. This Layer-1 project boasts an innovative Low Code No Code ecosystem, attracting investors with potential ROIs exceeding 30,000x. The pre-sales momentum has already accumulated over $57.6 million, driven by growing investor enthusiasm.
Impact of Chainlink’s Recent Token Release
Chainlink’s recent move to release 21 million LINK tokens, worth approximately $295 million, from its dormant supply contracts has significant market implications. This release sent 18.25 million LINK to Binance, fueling speculation that the price will drop. LINK is currently trading at $13.64, approaching its critical support at $13.5, with the potential to drop to $10 if this level breaks.
These releases, increasing the circulating supply above 600 million LINK, have previously maintained price stability, but the prevailing bearish conditions could alter this trend. With 391.5 million LINK pending release, market caution persists.
Fantom (FTM) Market Position Dynamics
Fantom experienced a strong buying spree last November, but its valuation has been challenging lately. After peaking near $1.20 in March, subsequent resistance and profit-taking pushed its price lower. FTM recently dipped below the crucial $0.600 mark but found some ground around $0.500. Fantom is currently valued at $0.559 with a market cap of $1.67 billion and daily trading volume of $257.56 million.
The Fantom Foundation’s decision to award over 55,000 FTMs quarterly to major dApps on the Opera network has invigorated user participation. Indicators such as RSI and MACD suggest a possible bounce if it surpasses the $0.600 mark. Failure to break above the 200-day EMA could prolong the bearish outlook.
BlockDAG Pre-Sale Triumph and Innovative Platform
BlockDAG’s pioneering low-code/no-code platform enables the seamless creation of utility tokens, meme tokens, and NFTs, catering to a broad user base. Its intuitive templates allow enthusiasts to quickly launch and customize projects, thereby democratizing blockchain development and accelerating market entry.
The cutting-edge features of this platform have attracted cryptocurrency investors, significantly increasing the interest in the presale. BlockDAG has successfully raised over $57.6 million, witnessing a 1300% escalation in the coin’s value from $0.001 to $0.014 in its 19th batch. This impressive rise underscores the immense return potential of BlockDAG for early backers.
Additionally, BlockDAG’s commitment to expanding its ecosystem extends to supporting the development of decentralized apps. This fosters a wide range of new projects in the blockchain domain, from digital art platforms to tokenized assets, enriching the blockchain ecosystem.
Key observations
While Chainlink and Fantom are currently navigating bearish trends due to token releases and resistance hurdles, BlockDAG’s innovative low-code/no-code framework positions it as an attractive investment option. With a presale raise of over $57.6 million and prices skyrocketing 1300% in recent batches, BlockDAG shows tremendous potential for returns of up to 30,000x. Amidst the market volatility impacting Chainlink Tokens and Fantom, BlockDAG stands out as a promising avenue for cryptocurrency traders.
Sign up for BlockDAG Pre-Sale now:
Website: https://blockdag.network
Pre-sale: https://acquisto.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: Italian: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of any material in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your own research and invest at your own risk.
The DEX aggregator Anger Trading is about to issue its RAGE token on the new Layer 1 blockchain Hyperliquid. The token sale is scheduled for August 7, with 20 million tokens out of a total supply of 100 million available on Fjord Foundry at a fixed price of $0.30.
Additionally, the “Rage Quit” feature has been introduced, which allows private investors to get their allocation early by accepting a 60% cut.
RAGE will be among the first tokens to be launched on Hyperliquidmarking a significant moment for this new blockchain. Let’s see all the details below.
DEX News Rage Trade: New RAGE Token Arrives on Hyperliquid
As expected, decentralized exchange (DEX) aggregator Rage Trade has announced the issuance of its new token ANGER. The launch is happening through a liquidity generation event and token sale on Fjord Foundry, scheduled for August 7th.
The token will be launched on the newly launched layer 1 blockchain Hyperliquidwhich has rapidly gained popularity due to its decentralized perpetual exchange.
Rage Trade currently aggregates platforms such as GMX, Synthetix, Dydx, Aevo and Hyperliquid, allowing traders to manage their positions across multiple blockchains and earn incentives.
During the event, 20 million RAGE tokens will be sold at a fixed price of $0.30, while another nine million will be used to inject liquidity into Hyperliquid.
Additionally, six million tokens have been reserved for future market making and product development incentives.
The token will have a total supply of 100 million, with 20% earmarked for sale and 30% for community treasury. The latter is subject to a 12-month lock-up period and a 24-month linear release.
The “Rage Quit” feature introduces a deflationary mechanismThis allows private investors and recipients of the air launch to receive their assignment after an initial three-month stalemate, accepting a 60% cut.
Rage Trade has chosen Hyperliquid as the platform for its token after the network became the preferred choice of users of the Anger Aggregatorwith over 1,300 users generating $445 million in volume.
Hyperliquid surpasses dYdX in TVL
Hyperliquid, the exchange decentralized based on Referee, recently introduced a new points program, which has catalyzed significant growth in total value locked (TVL) on the platform.
According to data from DefiLlama, Hyperliquid has reached a TVL of $530 million, surpassing dYdX’s $484 million and reaching a new all-time high.
This figure places Hyperliquid in second place among derivatives platforms, just behind GMX, which maintains a TVL of $542 million.
Rounding out the top five platforms by TVL are Solana-based Jupiter with $415 million and Drift with $365 million. Hyperliquid had a stellar year in 2024, jumping from eighth to second place in just six weeks.
This rapid increase was largely attributed to the new Hyperliquid points program, which launched on May 29.
The points program provides for the distribution of 700,000 points weekly for four months. With an additional 2 million points awarded for activity between May 1 and May 28.
Despite community criticism over the decision to extend the incentive program and delay the token launch and airdrop, the platform has continued to attract numerous traders.
From Perpetual DEX to Layer 1
Steven, founding member of Capital Yuntwhich has backed some of the largest cryptocurrency firms, including Zerion, noted that Hyperliquid has distributed approximately 51 million points in four periods.
He further stressed that the project aims to reward its early adopters and move from simply being a perpetual DEX to a true Layer 1:
“The team is clearly making an effort to communicate that Hyperliquid is an L1 and not just a DEX for derivatives.”
Furthermore, he highlighted that the token holders PURSUE were significantly rewarded, with a 23% increase in the token’s value.
PURR was the first spot token launched on Hyperliquid and looks set to continue receiving attention and incentives from the platform.
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