Stake Your Free BSW Tokens At 1700%
BetFury have just announced a strategic partnership with Biswap, a DEX/AMM on the Binance Smart Chain. This confirms that the BFG token will indeed be a BSC based token, which may perhaps be available on other chains at a later stage. Biswap was launched on the 24th of May and currently has a TVL of $60 million, which is rather impressive for a project that is not even 10 days old!
Holders of BFG tokens on the BetFury platform automatically get airdropped free BSW tokens based on current holdings. The allocation is as follows:
1-10 BFG - 0.5 BSW
10-100 BFG – 1 BSW
100-1000 BFG – 5 BSW
1000+ BFG – 10 BSW
Unfortunately the airdrop is capped at 1000 BFG, so bigger bag holders like myself can only receive 10 BSW tokens, which is currently valued at approximately $8 as I write this article. It is actually quite amazing how deciding to build a passive income stream on this platform continuously proves to be an ever increasing avenue of income. Biswap has also just been launched, so the native token, BSW is still at the grass roots stage.
Whether it goes on to grow significantly in value, is still too early to discern. The one advantage currently, is the ability to stake your BSW tokens at 1700%, which is massive and can see your stack grow incredibly fast, even though that yield will dilute over time.
Market participants who do not hold BFG tokens can choose to purchase BSW tokens on Biswap and subsequently stake them to take advantage of the high yield currently on offer. As I say, this is a new project and there is no guarantee as to how the market will react to this DEX/AMM. One thing is sure though, BFG holders will be looking to trade some of their BFG tokens to realize profits on their early mining of these tokens. There will also be those who are looking to purchase BFG tokens in order to stake them and begin earning daily dividends from BetFury!
I am looking to farm as many of these tokens as possible, in the hope that they will increase significantly in time. It is rare that you get to invest in a project at the very foundation. For this reason, I will also be purchasing some tokens to stake and compound for the future. The high yield of 1700% also makes early investment very attractive!
As always this is not investment advice, so please do your own research.
