A Closer Look at BFG Tokenomics

At the start of 2024, we posted a guide on the type of promos you can find at BetFury, which, in our opinion, is one of the most diverse and developed crypto-gambling sites. In that article, we briefly touched upon the concept of staking on this hub. Well, that was just a quick overview of the BFG token and what one can get for holding it.

BFG is BetFury’s native digital asset, one that has captured significant attention in the crypto ecosystem, and here we will get into the range of utilities it offers on this platform. Hence, below, we explore its core features, and the potential benefits it brings, helping you get a decent grasp of BetFury’s staking landscape.

Before we get to that, we should add that Universe B Games B.V. from Curacao operates this site, which it launched in 2019, and has an extensive list of accepted cryptos, a robust social media presence, and a high-end sportsbook and casino lobby.

BFG Token Overview

BFG is this site’s utility token launched as part of the Binance Smart Chain in 2021, created to provide value to those who choose to call this platform home. It does this by boosting the attractiveness of BetFury via staking, gaming, and trading activities. Its supply got capped at five billion tokens, with around 3.24 billion staked at the moment, per the available data, which shows this brand’s communities’ commitment to its growth. Those who have engaged in this have done so to enjoy a passive income revenue stream and access to unique site features.

A crucial aspect of BFG’s tokenomics is its deflationary strategy. What does that mean? It refers to the fact that this site regularly buys back and burns a portion of BFG tokens. Veteran crypto users probably know that this is done to reduce supply and maintain scarcity, which increases the value of this digital asset in the long term. On top of this, BetFury locks tokens in the Treasury through a Buyback & Lock mechanism. That adds further token stability.

Compared to other crypto casino and sportsbook tokens, BFG has maintained a fairly reasonable market price and stable liquidity. Therefore, it is one of the more attractive tokens from its category, being super attractive for gaming and staking enthusiasts.

BFG vs. stBFG – The Difference Between Them

Is stBFG a different site token? Yes, one similar to BFG but one with distinct features. You get stBFGs through BFG tokens by converting the latter into the former at a ratio of 1:1. Why would you select to convert BFGs to stBFGS? The answer to this is to get twice as many staking rewards.

That incentivizes you to engage in long-term staking with the promise of enhanced returns. Furthermore, stBFG has no contract address and exists only within the BetFury ecosystem. These assets get backed by BFG tokens in an on-chain lock contract. Conversion from BFG to stBFG includes a one-year lockup period. You can convert your stBFGs back to BFG after this period without penalty. If you do this before this period, then you will get hit with a 50% fine.

Rewards for token holders, BFG and stBFG ones, get taken from the current staking pool, with 3% from it getting distributed, with stBFG holders getting x2 APR. BFG staking rewards get paid out in this site’s five main currencies. These are Bitcoin, Ethereum, Binance Coin, Tron, and Tether. But you should also be aware that you can opt to get BFGs as your staking reward if you wish to get your funds in this asset instead of the mentioned ones.

BetFury’s Staking Types

The BetFury staking structure features three categories. These are flexible, fixed-term, and exclusive pools.

The first, or flexible staking, is ideal for crypto gambling lovers who seek ease of access to their staked funds – liquidity. Hence, with this approach, you do not lock your assets for a designated site-specific timeframe. Instead, you can deposit them for alluring APRs with no binding contract. With this type of staking, users only need to approve their preferred tokens and start earning returns instantly. They can withdraw/reinvest as they desire. Additionally, tiered APRs are on hand. In this scenario, smaller investors get greater returns.

Fixed-term staking is a more traditional form. That means you stake assets for a predetermined period, getting a higher APR for this commitment than what you would receive if you had chosen the flexible path. There are several fixed-term options here, each with its own duration. Accordingly, this model is better suited for users who feel at ease locking their assets for longer in exchange for higher returns. They can withdraw them early if they feel the need to, but for that, they will pay an early 5% fee. That possibility adds some flexibility and a level of convenience that appeals to many.

Lastly, the third type is exclusive staking, tailored for persons in the market for higher returns. To get these, these users must be willing to meet specific requirements. Such prerequisites may include a minimum amount of BFG tokens, with these pools divided into two subcategories. Open Access Pools that have easy entry without rigid requirements and elite enclaves that are not so easy to get into are usually preferred or reserved for seasoned investors who seek a highly competitive environment.

Reward Distribution & Redemption Policies

BetFury’s reward distribution policies state that those who pick flexible staking get rewards every half an hour. The fixed-term pool accrues rewards one day after subscription. Users can get what they have coming after they hit the minimum amount. 50% goes directly to a user’s balance, and the remaining is linearly distributed over three days for VIP users. For regular ones, this happens in six days.

You can also see the BetFury staking page mention Auto-Subscribe. If you do not know what this is, we are here to tell you that it is a tool that lets you re-enter a staking pool after the lock period. That rollovers over automatically and gets loved by those who want to continuously stake without manual reinvesting.

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