Today there was an announcement for voting on the merging of BFG(TRX) and BFG(BTC) tokens. Firstly the tokenomics of the two tokens was getting pretty complicated as can be seen in my other post BFG(BTC) vs BFG(TRX). By merging the two tokens it will simplify the distribution of dividends and help with overall transparency.
The way they are planning to do it does seem pretty fair. They are valuing BFG(BTC) and BFG(TRX) based off the USD daily dividends and then merging them at this ratio. BFG(TRX) holders should be happy as they now will get a larger share of the BTC, ETH and BNB dividend pools. It could be said that BFG(BTC) holders will have to give up some of their future BTC,ETH, BNB dividends to the BFG(TRX) holders.
I am in two minds about this. On the one hand I do like TRX and I believe there will be growth in that token in the future. I also like the stability that USDT provides. I also believe that the BFG(TRX) holders were the first customers and have potentially invested more into the game, and therefore deserve to be looked after by Betfury. Imagine you spent a lot of money to get BFG(BTC) tokens over the years and then a new token more popular than BTC is released, It would be nice to be let in on the party. We also don't know what the future performance of BTC, ETH and BNB will be, maybe the gains of the past year wont continue. In summary, I like the diversity that a joint token provides by sharing all tokens equally. If any new tokens are added in the future, integration will also be easier.
They are also giving a bonus of 2% to BFG(BTC) holders and 10% to BFG(TRX) holders. This bonus is taken from the developers share and all BFG(TRX) tokens not converted to BFG(BTC) are burned. By burning the tokens the total amount of tokens that can be created is reduced forever, which in theory should increase the value of the token if it is ever tradable on an exchange. These things help to keep everyone happy and not feeling short changed.
I personally hold more BFG(BTC) tokens so of course I would prefer a 10% bonus, but will probably vote YES for the merging.
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