lcp
October 7, 2024

The 59th BFG Burning

The total amount of burned BFG tokens on the BSC (BEP-20) network from the 59th Tokens Burning session is 981 785 BFG. The current BFG price is $0.023 per 1 token.

Transaction hash of the 59th BFG Burning:
bscscan.com/tx/0x6c90e44558b59da3984af414b3ba45b7e1d38ad92c7b3c5e754c26b1c76da4c6

Our team has conducted a BFG Buyback. According to this process, some BFG tokens have been bought back from the market. We've burned 981 785 BFG ($22 442) and sent 2 400 000 BFG ($54 862) to the Treasury. The transaction hash of the BFG Treasury Lock: bscscan.com/tx/0x0320fa5af30c5435e6aa7cf375302d5eaf5c5d3c8cc31667dcc192d79ebb93cd

Total BFG burned amount: 1 677 137 406 BFG (% of the total supply)
The number of tokens that have been burned.

What is BFG Burning for?

Tokens are burned once a month. We conduct a monthly BFG token burning process because the BetFury team supports the healthy product economy and further ecosystem growth 🌱 Planned burnings increase the value of the BFG native token and keep the balance between holders and developers to support the token.

About the Burning Process

According to updated tokenomics and deflationary strategy, the monthly BFG Burning will no longer include the burning of losing gaming bets and team tokens. Losing bets will be redirected to the BFG Staking pool to boost the BFG value and support holders. The fund for Burning will be filled from other revenue streams like BFG Buybacks. This upgrade has one goal – to push our token to the moon🌙

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