FUN are on the edge of continuing or dying, nearly

Question

FUN are on the edge of continuing or dying, nearly

haft year have passed and we dont know what will happen next ? What is the roadmap for this year and next year ? Wil they appoint a new CEO or just let it die ?

#cryptocurrency #english #funtoken

0

16.05.2023

8 ответов

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Yellowfatcat Автор вопроса

Anton Likhidaev
And what are the plans? Casinos are open. Addition...

lol, many online casino out there, who will play on Dplay or xfun casino, no one know about this

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16.05.2023

1 oadlafe

on the site it looks like maybe the CTO, Andrew Haigh, is stepping up as interim CEO? but then when you click on him, it redirects to the profile of the COO, Jason Reed, so who even knows at this point anymore

0

16.05.2023

1 oadlafe

it's pretty concerning when you look at the numbers. let's compare FUN with another crypto casino/gambling site that also started around the same time. stake.com was founded in 2017 and has now become the 7th largest gambling group generating a revenue of $2.6B last year. https://www.ft.com/content/2490279b-9c94-49a8-beff-cbd7c3307586 we know that FUN burns 50% of it's quarterly profits. now revenue is not profits but we can convert between the two so we can compare. we have revenue of stake.com and profits of FUN. a typical profit margin is anywhere from 5-20%, and according to a report from NYU as of January 2023 the average profit margin across all industries is 7.7% FUN is burning about 20MM tokens per quarter so let's say they burn 100MM per year. At a current price of $0.005 that is $500k and x2 (because 50% profit) gives us a yearly profit of about $1 million for FUN. If we take the $2.6B revenue from stake and a 7.7% profit margin we arrive at $200 million profit. Now, I think this is a bit high since they are still investing a lot (paid rapper Drake $100 million to promote their platform) so even with a "conservative" estimate of $50-100 million yearly profit they are anywhere from 50-100x better off than FUN.... and they both were started/founded in 2017. so, what is FUN doing?

0

16.05.2023

FUNToken_Kevin

1 oadlafe
it's pretty concerning when you look at the number...

Hey, appreciate you math🙌 However, Fun token has a huge user base with freebitco.in partnership. For any crypto, especially gaming industry user base is the critical requirement for potential growth. Fun token team has many massive announcements and updates in horizon. You may saw/read our new announcements in recent days (Refer pinned messages). Stay tuned for our massive announcements in sequence.

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16.05.2023

Anton Likhidaev

Yellowfatcat
lol, many online casino out there, who will play o...

Why no one kno

0

16.05.2023

1 oadlafe

FUNToken_Kevin
Hey, appreciate you math🙌 However, Fun token has a...

I like math because numbers don't lie. you can see the truth and not base valuations on empty promises and hype/buzz words. sure, "huge user base" is great but like I told that potter guy, I am here to make money and am disappointed with the price and trajectory of FUN token. I know you cannot compare crypto to the stock market but you have to make some assumptions in order to make valuations so you do not blindly invest. in the stock market it is typical to base companies on their P/E ratio. typical ratios are around 15. anything under is an undervalued company and are a great value investment. anything over 50 P/E is overvalued and IMO should not be invested in. however, TSLA has a p/e of like 200 so anything can happen, but for me it is way too overvalued and I wouldn't go near that stock. looking at FUN we can see it has a market cap of $50MM and like I said above, taking the quarterly burns into account, makes about $1MM in profit. this gives us a P/E ratio of 50, which IMO is overvalued. so unlike the guy yesterday who accused me of FUD to buy more, I don't want to buy more because the numbers show it is overvalued/underperforming. I want to see some better numbers relating to profit and price before I even think about buying more. I'm just trying to show that you can either look at the numbers to justify your valuation, or just blindly parrot and spit out hopium/copium. however, if you're in this to make money, you shouldn't be eating up buzz words and instead look at the numbers.

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16.05.2023

Jinueo Condesa

1 oadlafe
it's pretty concerning when you look at the number...

Amazing fulk info another nice topic today sensei😊😘☺️🎉🎉👋👍

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16.05.2023

Anton Likhidaev · Accepted Answer

Anton Likhidaev

And what are the plans? Casinos are open. Additional projects are open. What exactly are you waiting for?

0

16.05.2023

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