BetFury Renews BFG Tokenomics & Deflationary Mechanism

BetFury has renewed the BFG deflationary mechanism and tokenomics to strengthen BFG's value in the crypto market in the long term. The team has made significant changes that prove its serious intentions to empower BFG and provide its holders with premier perks. Discover how the BetFury project allocates 100% of its revenue to sustain the BFG token. BFG is a native token of BetFury, launched on a BSC Chain (BEP-20) in June 2021. It has 67K+ holders who use BFG for trading, gaming, sports betting, staking, etc. BFG got a CertiK certification on September 17, 2021 and also received a Curacao gaming license, leading to users' trust and reliability for all BFG holders. The BFG token was launched to distribute the platform revenue and passive income to its owners. Tokens were mined by playing in a 1:1 ratio for the user and team. After the end of BFG mining in June 2023, the total supply amounted to 5B tokens. After the end of BFG mining, BetFury focused on escalating the value of BFG. Stable and healthy tokenomics allowed the team to create a new deflationary strategy to accomplish this task. The team uses funds from the platform's revenue streams to buy back BFG from the market and conduct a monthly BFG burn, reducing the circulating supply. BetFury offers BFG Staking with an opportunity to double rewards by converting BFG to stBFG (a special native token) with 0% fees. It provides up to 70% APY and daily payouts in BTC, ETH, BNB, USDT, and TRX. According to Coincodex, the BFG price may increase by 228% and reach $0.0567 by June 6, 2024. 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 deflationary model to empower its BFG token. The platform directed 100% of iGaming revenue to support BFG tokens to the BFG Staking pool, granting users favorable conditions and stable APY. The other part of the non-iGaming income will be used for BFG buybacks to fill the Burning and Treasury funds. The BetFury team is committed to fostering a healthy token economy and facilitating the continuous growth of the ecosystem. BetFury is an established ecosystem with crypto-earning features, iGaming, and Sports betting with a global community of 2M+ users. Users who sign up on BetFury receive a Welcome Pack with up to $10 500 Deposit Bonuses and 225 Free Spins. If users prefer a team approach to gaining rewards, they can join a Referral Program.