Bitcoin Forum

Online Bitcoin casino platform BetKing is set to relaunch following an ICO campaign, which will run between August 7, 2017, and September 4, 2017. The BetKing ICO will offer investors and patrons a chance to support the relaunch by purchasing BetKing Bankroll Tokens. The newly upgraded BetKing avatar will integrate new features including new casino titles and support for more cryptocurrencies.

What do you think about the ICO?

Why they want to collect funds from ICO, can't find any real reason for this. Why they just don't want to accept direct bitcoin investments like many other casino does.

I will not invest in any casino based ICO because it looks risky and where those ICO funds will end up is quite confusing in such ICOs. 

Bad idea. Better is to try to make investment in bitcoin all online casinos based on crypto have this with some interest. ICO based on casino is more them to risky investment, like mentioned it can be besides confusing more like worthless at the end or can be used just in this or that casino. Not very good option better to try to take on some unique coin for all casinos let say casino coin or something else with mention on casino.

I would say it pretty much depends on the underlying agenda and the task a particular ICO is trying to solve.

BitDice Casino is also running the ICO campaign, but we face it quite differently. There are opportunities for the ICO investors that bankroll investors would have never had. Have a closer look at BitDice to spot the difference.

BetKing's model does not really differentiate the debt vs equity structure in going public. We do.

about ico ussualy gambling site always succes, much investor like this coin use gambling site platrform

about new relaunching betking gambling site iam not understand about new gambling site, still only dice site or can added new casino game
iam not understand
but betking pre-ico selling succes

It has been closed before and Dean wants to relaunch it but I dont know why theres a need for an ICO if he affords to do it so. But business is business he wants to get some investors to support the relaunch just like any other alt coin. It can increase bankroll and maximum winning amount.

But most of the people they don't want to risk more money so they will go to the public to generate funds. It may reduce their profit margin but they will be playing safely. Most of these big gambling sites want to have their own tokens to play the games instead of using bitcoins or any other altcoins. It also helps them to come up with a simple code to manage only one token instead of few different coins.

betking doing ICO is one of the smartest thing iv seen in crypto  gambling industry



$880,000 raised in a non announce presale is fuckng amazing.

i predict the crowdsale will top $10 million



remember a month ago dean expected $1,000,000 from whole crowdsale


he got that amout in presale


and congrats alex. smart move on your part to go ICO way


i think 90% of ico's are scams, but being here 4 years i know both dean and alex and they are trusted in crypto world, just like dooglus is.

plus they have had dice sites for 4 years and and have a great trackrecord

I've see they run their ICO before but I don't know if that one succeed or they select to cancel it and relaunch it now. And also I don't know on what is the real agenda of the owner why he need to run an ICO while he's so successfull for running his site already here. And now looks like their are some other site who follows the ICO's fame but let see how things would actually works for them since we know altcoins are prone to dump if not been supported well by their own devs.

Yes this is a safe way to raise their casino and the capital will be coming from the investors. And it's a distribution or profit sharing from the investors which is a good thing if the casino is earning big monthly/daily.

Maybe to run an ICO to get huge bankroll to their site will be the nicest decision they made but for the sake of altcoin investor do you think Betking can support their alt whenever it will added on exchange? Since I think they will just focus on their casino development and running an altcoin needs huge balance so that its state will became strong and will not be dead in the long run, and that really a big confusion on my side since we never know if their ICO coin will get success to run for long time basis.

If they are allowed to play with only their own tokens on the site then surely they will allow many altcoins to purchase their tokens to play these games. Now, most of the casinos know that they can't run a site only with bitcoins because prices are going up and many people prefer to gamble with altcoins. So definitely they will provide an option to play or purchase their tokens with altcoins.

i think it's a good idea from betking i will get some token from them.

I think reading this(https://www.bitcoin-millionaire.com/business-betking/) interview with dean might help you understand why ICO is needed. i'm gonna invest in both the icos betking and bitdice.

Dean has paid out all the bankroll investments before he closed the website (Website profit has reached 1000BTC/month, you can imagine how big the bankroll was).
Betking was #1 Dice site

So, I believe he can be trusted with the ICO.


What I don't understand is why the ICO is going to be over a month long, I think BetKing can reach millions in a few days.

They don't want to take a risk and want to collect the most deposits so they are playing safe. If more number of days means many people get a chance to invest. Slowly all other big casinos will also follow similar ways to collect the money.

I mean there's almost no doubt the funds are safe and we believe Dean will turn us a profit.
What most bankroll investors probably wouldn't like to do is their bitcoins laying around doing nothing for a month, so that's the thing I'm saying.
I would understand if the money was being gathered for programmers or something, but bankroll investments for a month, damn  :D

It is being gathered for programmers, marketing and other costs as well as to use as a bankroll. You just profit off the profit from the bankroll hence the name bankroll token.

yeah when a gambling site has his own coin that can use in his business thats is so good to me its make the business healty making more demand for the business and also making another financial asset for the game.

Like is said earlier betking got the only idea and the public is funding to implement their idea into reality. This is a more safest way to manage a casino because in future anything goes wrong all investors will lose money and owners are safe. If just like investing in any other company shares.

Betking has already been a good place to roll a dice , they also had investment options in past , I am glad they have launched the ICO to raise funds for major upgrade.  I trust the team and surely the Dean.

Yes exactly but i have some problems here I hope would you help out because I’m not getting that it is not even letting us win easily like we suppose to on daily bases but the changes of win are only less than 5% so I want to know that it is just happening to me or all those people who are involve with these type of games so I want to know please.

I think you can't go wrong when it comes to investing in Casino ICO. It's a huge market and there is profit to be made for investors.

anyways, does anyone have a link to betking ann thread? I can't find it anymore.

Their ANN thread was shut down by the dev`s, cause of some rules. I think rule they had that every participant need to post at least one time in their ann thread was the problem but I`m not sure. The same happened with bitdice ico ANN thread, but they were faster and opened a new one without that rule. Probably betking is working on that as we speaking.
I plan to invest in both of this casinos too, how can we know which one can be a better choice. About betking I like their plans, adding sportsbook and poker in the future, that sounds like a good idea, and if they do that many people will be interested in this site. Bitdice have active community and that is what attract me to this ICO, I`m in their twitter campaign, little from that and some to buy is my plan.

Correct.

Well, why not both? Build a diversified portfolio in case one is not as profitable or in the worst case, goes scam. I personally believe the latter is highly unlikely to happen considering both casinos' good history.

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What are you trying to say?

http://24.media.tumblr.com/f3f3ebb40d5ec2ce4809f25e168af338/tumblr_mv4kruDOPO1slmzjyo1_500.gif

Instead of searching for which one is better you just in both of them and that will bet better results compared to investing in only one site. Always our funds diversifying on good and trusted sites will give good results in the longer run. But investing in ICO and investing in bankrolls directly are slightly different and you should check them before investing.