BFG Token is the native BEP-20 token of the BetFury ecosystem, initially launched on the Binance Smart Chain network. It is primarily used for staking, betting on casino games and sports, and earning rewards within the BetFury platform.
BFG Token functions on the Binance Smart Chain and adheres to the BEP-20 standard. It provides users with the ability to engage in various activities such as staking, gaming, and sports betting on BetFury. When staked, users earn a portion of the platform's profit via a staking pool. The token also employs a deflationary strategy involving buyback and burn, and buyback and lock mechanisms to control the circulating supply and potentially increase its value.
Potential use cases for BFG Token include:
BFG Token was launched on the Binance Smart Chain in June 2021. It was initially mined through gameplay on BetFury, reaching a total supply milestone of 5 billion tokens by June 2023. Key developments include its listing on major exchanges, the introduction of a comprehensive deflationary mechanism, and continuous updates to its tokenomics to maintain its market value. It has gained significant traction with over 67,000 holders and a market capitalisation of $22.90 million .