BetFury! BFG Merging?....

By benjamo89 | Crypto gambling can you make profit | 4 Mar 2021

BFG token merging

For purposes of simplifying and global optimization for the upcoming features and strategic partnerships, the Betfury team proposes to redesign the BFG token system.

The Betfury team plans to merge BFG(BTC) and BFG(TRX) subtokens into the unified BFG token.

More about the mechanism of merging and the main principles we are going to follow in this case:

1. BFG(BTC) subtokens are not going to be compressed.

All staked BFG(BTC) subtokens remain for holders without any changes.

2. BFG(TRX) subtokens are going to be swapped to BFG(BTC) in the defined ratio for the time of BFG merging.

Compression example is based on 04/03/21 data (cumulative to USD in all cryptocurrencies):

100K BFG(BTC) gains $9,27 daily

100K BFG(TRX) gains $1,94 daily

The ratio: 9,27/1,94 ≈ 4,77

So to keep the payout amount we should compress BFG(TRX) subtokens in the ratio of 4,77. Every 100K BFG(TRX) after compression will be ~20 964 BFG tokens.
As a result, every 100K BFG(TRX) will be compressed to 20 964 BFG with saved daily payout (no losing for BFG(TRX) holders) and 79 036 BFG(TRX) for every 100K BFG(TRX) will be burnt.
* The ratio will be recalculated according to the total daily payouts in USD on the day of BFG merging.

3. Total mined amount remains the same as before merging.

All the compressed tokens will be burned and ejected from the total circulation forever. As a result token value will be increased.

4. 90%-10% Betfury Staking payout system will be changed to 100%.

Everyday 3% from the Staking pool in every crypto (BTC, ETH, BNB, TRX, USDT, BTT) will be paid on top of the unified BFG tokens.

5. Total mined amount remains the same.

Total staked tokens amount will be reduced to the cumulative compression amount and all the difference will be burned.

advantages

Pros and opportunities of BFG merging:

✓ Unification and simplicity of BetFury tokenomics
✓ Token value increment
✓ Easy onboarding of new users/investors
✓ Platform optimization
✓ Unified Staking payouts (3% daily) and mining system (every currency will mine BFG token with no diversification on subtokens)
✓ Not harmful for BFG holders
✓ Saved total daily Staking payouts in USD for all holders.
✓ Easy multicurrency adding
✓ Additional BFG drop for all holders

shortcomings

Possible cons:

⚠️ Fewer tokens amount in BFG tokens for BFG(TRX) holders. From every 100K BFG(TRX) to 20 964 BFG (approx according to 4/03)
⚠️ Changes in coin payments. BFG holders will have the same daily total amount in USD but a little bit different in coins because of 90%-10% system canceling

The Betfury team always does all the changes for users, community and product development. BFG merging opens a possibility for further token value increment and for a huge BFG crypto story. More great things are coming!

Additionally all BFG(TRX) holders will be given a bonus in the amount of 10% on the total BFG tokens after the merge. Example: 100K BFG TRX = 20 964 BFG + 10% = 23 060,4 BFG

BFG(BTC) holders will be airdropped +2% to their staked tokens.