# May 16

<figure><img src="https://2763179265-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNpZHxdU1ilXXGzAUry4h%2Fuploads%2FSLVzRu42IZN0Glm47YrT%2FNews%20_%20AMA%20Session%20with%20Steve.png?alt=media&#x26;token=d3429805-ef34-46ea-8532-955e84272627" alt=""><figcaption></figcaption></figure>

## Q**uestion 1**

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**Could you tell us where the team allocates funds for the BFG bonus payouts?**
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> It’s always nice to start with bonuses. Yeah, we’ve received many questions about our BFG token, so let's make all of them more transparent. Before the [**buyback mechanics**](https://docs.betfury.com/white-paper/buyback-lock-and-burn) update, bonuses were paid from mined tokens according to the old tokenomics, where one token mined by a user was equal to one token mined by the team. With the updated buyback mechanism, the team uses funds from GGR to cover bonuses. If the lost BFG tokens are insufficient, an internal buyback of tokens from the market will be conducted using the project's revenue stream.

## Q**uestion 2**

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**How long will BFG continue to be offered as a currency option for every function/bonus/bet?**
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> The team is aware of the issue regarding the availability of BFG for buyback in the market. The current situation allows payments to be made in BFG tokens, further promoting it as a distinct token in the market.&#x20;
>
> When a user gets a payout in BFG, the number of holders increases, and the user can continue to use BFG in the game. The team will inform the community about any further payout changes in advance.

## Q**uestion 3**

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**There are only 50 million BFG tokens on the market; all others have been sold and burned. How can BetFury guarantee the price increase of BFG if there's no movement (buying/selling) and if a large percentage is exchanged for stBFG?**
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> It's not entirely accurate to say that there are only 50 million tokens on the market; there are significantly more, all shown in the circulating supply, and there are over 1.2 billion tokens. Importantly – we do not guarantee a price increase. Our team of analysts monitors the supply and demand of tokens on the market, and our product and marketing team works on its promotion.
>
> We believe that if most tokens are locked in the stBFG pool, it will directly influence the rise in the token's value. So far, we only see a positive impact of this type of lock on the token.&#x20;
>
> Actually, to increase the exchange rate, several steps are essential: regularly adding BFG tokens to Staking, which gives big rewards and keeps the tokens in the pool. The detailed plan to reduce the number of tokens available, explained in the whitepaper; using stBFG lock to keep tokens locked up; and updated BuyBack Burn\&Lock methods to decrease the total tokens in circulation. These actions are in our focus.

## Q**uestion 4**

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**How many BFG tokens does the team have left?**
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> We took care of this, too. So, the updated tokenomics represents the remaining tokens with the team, it’s the open info. [Check it out](https://docs.betfury.com/white-paper/about-bfg/tokenomics)!

## Q**uestion 5**

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**How have you implemented tokenomics that allows the platform to offer a high yield percentage?**
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> The mechanics are explained in the new [whitepaper](https://docs.betfury.com/white-paper/utility-and-sustainability), by the way. We have ensured the profitability of the platform and its accompanying crypto functionality to support high-level rewards for our users.

## Q**uestion 6**

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**Where do the BFGs for promo codes, events, bonuses, and drops come from? If they are supplied by the team, shouldn't they eventually run out?**
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> All bonuses, including BFG tokens, are covered by the GGR project funds. If there are not enough BFGs in GGR, other cryptocurrencies from GGR are exchanged for BFG.

## Q**uestion 7**

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**According to BSC, someone owns 39% of BFG. Who is this?**
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> This is a cold wallet where all the tokens deposited by users and team funds are stored. It’s public info, and everyone can check it out anytime via [this link](https://bscscan.com/address/0x01da1680437ef56d2598352f006b415dddab280c).

## Q**uestion 8**

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**How long does the team plan to burn BFG tokens, and will this process ever stop?**
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> Currently, our token requires deflation. However, the project's analytics team will respond timely if our token's strategy requires changes, including the burning process. Users will also be informed about these changes.

## Q**uestion 9**

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**Where do users’ lost bets in BFG tokens go?**
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> They are distributed in several ways: to pay out bonuses, cover events, burn tokens, and allocate to the Treasury. Simply put, Treasury is a specialized public wallet where the BetFury team locks tokens acquired through monthly buybacks from the circulating supply and users’ lost BFG bets. These tokens are locked in the Treasury and periodically distributed as incentives to stBFG/BFG holders and active platform users.&#x20;

## Q**uestion 10**

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**Does the team plan to create another token related to BetFury?**
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> Currently, the team has no plans to create and launch another token.

## Q**uestion 11**

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**Does the BetFury team participate in BFG Staking❔ What profit does the platform make?**
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> Yes, we do. Regarding the mechanics of profit distribution, please refer to our Whitepaper where we have attempted to outline all the points.

## Q**uestion 12**

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**Are there concerns that if a large amount of funds are staked, the team might be unable to pay out rewards?**
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> Funds for BFG Staking come from GGR (gambling and gaming revenue). For crypto staking, additional revenue streams are described in the tokenomics. These mechanisms ensure that there are adequate funds to cover staking rewards.

## Q**uestion 13**

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**Where is BetFury located?**
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> As you know, the BetFury team is worldwide and always has been. But the majority are based in Europe.&#x20;

## Q**uestion 14**

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**The dividend pool hasn't grown for months; how will BetFury be able to afford all the new features and the promised high annual percentages?**
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> This issue is addressed by reallocating lost bets into the staking pool and by developing additional revenue streams by the team. This ensures the ability to cover a high percentage of rewards for users.

## Q**uestion 15**

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**BetFury is transitioning into a Staking platform with high annual rates. How do we know it will have the revenue to make payments?**
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> Indeed, BetFury is no longer just a casino. The Staking functionality is created and maintained for cryptocurrencies on our platform. We continuously update and expand features for our users. The mechanics of replenishing the pools are detailed in the whitepaper, ensuring transparency about the sources and sustainability of the revenue needed to support the payouts.

## Q**uestion 16**

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**Why did the CertiK audit give our token a moderate rating?**
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> The updated tokenomics and the distribution of team tokens in public wallets aim to improve our CertiK rating. The team has moved its tokens to public addresses, locked 1 billion tokens for 3 years, and continues to work on becoming more trustworthy and transparent. This proactive approach addresses concerns related to centralization by demonstrating a commitment to security and user trust.

## Q**uestion 17**

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**Considering collaborations with other crypto and non-crypto projects (including listings), you previously worked with many projects like DEXs and NFT marketplaces, which opened up a wider range of possibilities for using BFG for our users. Is there a plan to resume work in this direction in the future?**
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> Given that the market is emerging from a downturn, we are closely monitoring the quality of new projects appearing in the market and the possibilities for collaboration with them. For us, the quality of collaborations is more important than quantity. It is worth noting that we are already partnered with some of the best projects in the BNB market. This strategic approach ensures that we engage in meaningful and beneficial partnerships, enhancing the utility and value of BFG.&#x20;

## Q**uestion 18**

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**When will a roadmap for the platform be available?**
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> Well, here's a little insider info for you! The BetFury team has been busy developing a new feature all this time called Cryptodrop🤩🤫
>
> After the Drop launch, the product team will focus on developing the roadmap. This will outline the short-term and medium-term objectives for the upcoming period. So yes, the Roadmap will be presented in 2024.

## Q**uestion 19**

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**Is there any major listing plan in the future?**
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> We're now on two of the top DEXs, PancakeSwap and Biswap. Our team is developing the token further and looking to get it on more exchanges. But for now, being on these two top exchanges covers us well in the decentralized market. We’re also working on getting the token onto CEXs, but I can’t share any names yet.

## Q**uestion 20**

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**There are various new features being launched on BetFury (Futures, stBFG staking, CryptoLoan, Crypto swap), so how can you assure your users that their funds/assets are in good hands?**
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> We have always put safety first. Four years of market operation, payouts of bonuses and winnings to users, continuous provision of staking pool liquidity, development of our token, and related updates - all contribute to our credibility. Additionally, we are regulated by the Curacao license, audited by CertiK, and collaborate with several trusted media and influencers regularly. So, this seems like a good start to at least give BetFury features a try, and I'm confident that the trust of our new users will only increase over time.&#x20;

## Q**uestion 21**

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**Would be possible in the future to make BFG a multi-network currency to have less dependency on the Binance-owned network?**
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> Yeah, there have been a lot of questions about BFG working on different networks. Just to clear things up, BFG could technically support more networks, but right now, the team isn’t planning to expand to others any time soon.

## Q**uestion 22**

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**Can you share any success stories or memorable experiences from your time working in the casino industry that showcases the positive impact casinos can have on individuals and communities❔ What measures do you have in place to promote responsible gambling and ensure the safety and well-being of your patrons?**
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> Certainly! Over the past four years, BetFury has positively impacted many people, including me. I did find a second family! One notable story is when a long-time player won a significant jackpot and used the winnings to fund his daughter's education and start a small family business.&#x20;
>
> Another good thing is how we help our community. We often sponsor local events and charities, which helps to make our community stronger and supports important local projects. We don’t usually talk about this publicly, but these stories really warm my heart!
>
> Regarding responsible gambling, we take this issue very seriously and have implemented several measures to ensure the safety and well-being of our users.&#x20;
>
> Additionally, we train our staff to recognize signs of problem gambling and provide them with the tools and protocols necessary to assist affected individuals. We strive to create a safe, enjoyable, and responsible gaming environment for all our patrons, ensuring our platform remains a positive part of their lives.
