The Betfury Casino is renowned for its unique token burning system, fondly referred to as the Betfury BFG Burning. This system plays a crucial role in maintaining a healthy product economy and facilitating the ecosystem’s growth. But how exactly does it work? Let’s delve into the details.
Understanding the Latest BetDury BFG Burning
In the 46th BFG Burning session, a total of 3,252,458 BFG tokens were burned on the BSC (BEP-20) network. At the time, the BFG token was valued at $0.01459 per token. This translates to a substantial amount when you consider the number of tokens that were burned.
Here’s a breakdown of the 46th BFG Burning:
- Team Burned: 2,500,000 BFG ($36,475) – These are part of the team BFG tokens received during the mining process.
- Auction Burned: 355,210 BFG ($5,182) – These are BFG tokens used by players for bets in auctions.
- Gaming Burned: 397,248 BFG ($5,795) – These are BFG tokens from lost bets.
The total number of tokens burned thus far is an astounding 1,646,170,932 BFG. What’s more, all BFG tokens have been mined, with the total mined standing at 5,000,000,000 BFG.
You can verify these details through the transaction hash of the 46th Betfury BFG Burning on BscScan.
The Purpose of Betfury BFG Burning
The burning of BFG tokens is conducted once a month and serves an essential purpose. It’s all about supporting the healthy product economy and fostering the ecosystem’s growth.
The planned burnings are strategic in increasing the value of the BFG native token. They keep the balance between holders and developers, thereby supporting the token.
In conclusion, the Betfury BFG Burning system is a unique and effective way of maintaining the token’s value and ensuring the platform’s growth. It’s a clear demonstration of Betfury Casino’s commitment to providing a sustainable and thriving gaming environment for its users.