lcp
Crypto
11/06/2024

The 60th BFG Burning

The total amount of burned BFG tokens on the BSC (BEP-20) network from the 60th Tokens Burning session is 879 170 BFG. The current BFG price is $0.022 per 1 token.

Transaction hash of the 60th BFG Burning:
bscscan.com/tx/0xc10562018612119e1fd67be5eaf73394bdcd594b41db1d40e313f2a5a8cf89b6

Our team has conducted a BFG Buyback. According to this process, some BFG tokens have been bought back from the market. We've burned 879 170 BFG ($20 625) and sent 1 300 000 BFG ($30 497) to the Treasury.

Transaction hash of the monthly BFG Treasury Lock:
bscscan.com/tx/0x7e6519de050e8cc89d7c22c7c94b087c670c7263b216fc778f714cc6b4f0902f

Total BFG burned amount: 1 678 016 577 BFG (33.56% 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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