Bitcoin Forum

 Hello guys I was going through twitter and saw this Kingcasino project that is conducting IEO on two shitty exchanges Latoken and P2PB2B that (the exchanges) are known to have had several failed IEO in the past ripping off investors. I am yet to come across any sound project midwived through P2pb2b and still doing well.

Kingcasino has claimed to have raised $21.5M  in their round 1 token sales and they say this was sold out ahead of schedule. Link to tweet:
https://twitter.com/kingcasino888/status/1249986637804613632?s=19

This they claim was made possible through P2PB2B, Latoken exchanges, website sales and private sales.

This is their bounty thread been managed by bounty dedectives: https://bitcointalk.org/index.php?topic=5242001

I have been wondering if these guys are very solid and have a great team or a subtle way to entice investors? I am just curious and have discussed this with some friends we tend to be skeptical because of the exchanges the IEO are been conducted.

This report is not base on  biase but for the community members to collectively make researches and see how truthful this is and how it could benefit us all in the long run so the team shouldn't feel sad about my curiosity.


Your contribution will be highly appreciated.

If you were believing on the claim that has already created by latoken and p2pb2b and then you must need to read more about the credibilty of those exchange sites. That's a fake claim.
Both don't even have a lot of daily trade volume.

That claim is a big joke.

Let's see what happens.  Exchanges are certainly not the best.  There have already been many casino-based bounties.  And which I did, although they sent tokens, but they are useless.  The statement about fees is not true.

Most especially p2pb2b, they are well known for giving or spreading fake news about the projects meeting hardcap on their exchanges, this is nothing new because I'm 100% sure it's fake, come to think of it, p2pb2b and Latoken has no good volume

Totally fake. I won't believe any figures from this exchange. It's one of their strategies to gain traders after listing on exchange.

These exchanges have low credibility due to using fake volume and poor results of IEOs after listing. I won't suggest buying once they list because it won't perform well.

Both the exchanges are shitty and I believe this is a fake announcement so that they can reach more investors in their next round may be. Latoken and p2pb2b exchanges are always the place of scammers mostly and they have no real people who would invest such a big amount. Moreover, in an IEO which is based on Casino is unlikely to get such an amount from IEO.

I'm interested with the project because it's a casino and there's a higher chance that it will succeed.
But after all of those information given and they even asked for kYC, I've lost my interest.

Most likely this is a fake news, and you need to be very careful with it. How can they raise more than $ 20 million from these two bullshit exchanges, I've never seen a project succeed in implementing IEO there. Stay away from this project is the best way you should do

As someone that has worked in many capacities in crypto , I can guarantee you that the claim from KingCasino is a hoax and you shouldn't pay attention to it. Such claims are usually made to look good to investors and lure them into 2nd batches of the IEO, or to make the exchange look appealing for new crypto developers seeking to launch their IEO

I will not trust any projects that implement IEO at these exchanges, they are shady exchanges. So they can come up with new fake to fool investors. Projects like these should be avoided for safety

Well, don't just fall in trap, mate. Did you believe their claim? Absolutely no way to believe this crap, I looked at KingCasino twitter handle, it looked very cheap and lies are common there. P2PB2B, Latoken exchanges are now lack of investors, so no way for KingCasino to raise 21 Million USD, it's a false claim! I can remember the way ICO projects deceived us and now they are trying it too. Don't invest in P2PB2B, Latoken exchange's IEO, this is an honest suggestion for any investor!       

That's a lie, never believe in what they say. This is a bullshit project and they IEO in the scam exchange, don't waste time with them. There are many other better and cheaper IEOs for you to join and buy them

Maybe it is a strategy to try to deceive people to investing in those shitty exchange platforms. They've lost their decency for a very long time and it is just a matter of time they will become an history. Fake traders, fake volumes and always spreading fake project are their watchwords. I will not advice anyone to invest there.

They use old shivers to do unfair promotions, and this method has often been used by projects that rely solely on airdrop and bounty promotions and after they succeed sooner or later this project will self-destruct or possibly exit scams

In times of crisis, they've found people trying to invest in the gambling project. The world is really surprising in some sense. We could;t help some countries could find funds to provide their health workers to have a suit to protect their own from the corona but here a team collecting millions all for casino development!

They should try cooking up a better lie, because this one is way too unbelievable. Even some newbies in cryptocurrency won't fall for this cheap lie! Nevertheless, i will keep a close watch on them to see how far the team can sustain these funds they claim to have raised.

I wonder how kingcasino managed to raise that much money on a low rated exchange like latoken and p2pb2b, they are awfully bad and p2pb2b can easily lied about raising that much, I will try contacting the team to hear from them

Blah blah blah blah....
Hey bro, did u think that true ? I mean, who want buy a product from bad store like p2bp ? No one.
and also in a situation like now, even 10 million its hard to get.

I know they are lying to deceive the community, even solid projects on Kucoin are not even raising up to such amount  much more these 2 shitty exchanges that are notorious for listing scam projects.

What? Wait, this can´t be true! Binance IEOs didn´t have such results like these two exchanges that are dead for few months. Nobody cares about their IEOs because they are not picky with new listings and that is not good, exchange has to guarantee that they do not support scam, thats why they take money, right?

If it's not true why?? means the team lied to the community saying it was sold and raised $10M in funds and now increased their sales to $21.5M.

I think this is legitimate where the team is able to provide good marketing to investors so that many buy this token, there are indeed many bad reputations in Latoken and p2pb2b but if the development project is good in any market it can produce more and build projects.

And the gambling project is very popular with the community.

I would rather believe another liar than believing the said exchange that are involved in this sales. Am not saying that its not possible but the two exchange involved are questionable. We have seen many of their conducted IEOs with bogus figures like this and project never moved positively. I will advise many not to fall cheap to this two exchange with bad reputation. Personally, for for those who are thinking of how to join their IEOs should have a rethinking about their investment funds, they have no good history here be warn.

c'mon bro! Don't tell me you swallowed big lie hook line and sinker, even big exchanges don't even have hardcaps more than 2m. Check the history of IEOS in Binance and Okex recently. Even.Just IEO hardcap on Poloniex is less than 800k USD. We are no longer in ICO or IEO boom.

I truly doubt they have raised any of such amount. It is a common practice by most of these projects to make such claims, possibly to get more interest from prospective investors, making them believe the project is massive than it really is. Only a break down by the exchange and the project of the IEO figures could give a bit of the picture of their claims. Also, should those projects go ahead with developments, partnerships and meeting their roadmap in a timely manner, then it will be easier to ascertain that indeed such funds were raised.

The figure is really very shady. Raising $21.5M in this time of crisis? Are they fooling people here? P2PB2B has known bad reputation in crypto, so no wonder they manipulated the figures. Unless, they can show that equivalent amount in blockchain transactions.

This claim seems more like an humour to me. Even big exchanges can hardly claim to raise that for any IEO, although it could be possible on their part, for Latoken and p2pb2p, I find it hard to believed. Although, the project team that they also conducted IEO. Well, if they come out to show evidence that most were raised from the private sale, I might believe that.
I do not know what a project team derive from not being truthful about what they got and by the time people start asking questions, they might not find a good basis to justify themselves.

I was looking for a better project to wear their signature! So, I researched the KingCasino project too! Actually, it's an average project, though they can do better but why they spreading such lies? I mean what can be the reason?  No exchange raise such huge money nowadays, I mean how can they claim 21 Million USD raised from such shit exchanges! Now I mist say they are fool at marketing and this project's future is limited!

Indeed, if you think about it, it also makes no sense in times of crisis like this they are able to collect and get even bigger with a higher token price of $ 0.5.
But I see that the support for the KingCasino project is quite large so I don't know if they were fooled by large numbers from p2pb2b and Latoken and at the moment they can't prove it with a large amount of funds.

But we will see later in the second round whether they are able to achieve with manipulation numbers?

$21.5M is quite an amount if their claim is true but for real, no one would believe that since P2PB2B, Latoken exchanges have a shady reputation without any transference. The website sales and private sales also bogus as hell without any 3rd can verify it. Stop trusting everything from the salesman said cause that is how they try to sell you their things.

21 Million in P2PB2B and LAToken? Bullshit. We all know that the two exchanges are rubbish because they have huge fake volumes every day, and see later after trading I am sure KCT will not have volume

Let me guess  they are using the fake raised funds to create a hype of the project. I don't even see a project created this year that's raised large amount like that.
And we are now situation we're people secured their money and instead of investing how came they get that  from more investors?

They make this hype so they can raised larger amount in next round thinking that there are also other investors that follow the hype they created in their project.

Only fools believe in news like this. They may have collected $ 20k from these two exchanges, and then they lied about $ 20 million. It is better to forget this project because it is too shady

I'm not not going to believe on it specially if they run IEO on probit or latoken those exchange are not true when it comes to volume they just faking it you must learn more when it comes to crypto or maybe you are just hyping this project? Don't fool once again you must believe when it run IEO like on binance or okex then I will tell that it was true.

well bro, firstly, a quality project must have a quality exchange too for make attention to investor.
then, i don't see any good news about kingcasino on major crypto magazine,such as cointelegraph,u know,this is must be a great news,since disaster about corona its very badly affected the world,they should put some news to cointelegraph about their achievement to make more attention to the world.

What i have seen about KingCasino is this topic https://bitcointalk.org/index.php?topic=5244939.0 that they are creating
 or conducting another bounty campaign while their recent is just ended
 and the Hunters haven't received payments things
 that for me is a Flag(though according to the answer this is not against
the rules but for me this is against the goodness
 of a true Team that concerns about their bounties)anyway if this is legit
 milestone then Goodluck to the team but i wont
 spend a single send investing in this project nor will i play in their site in time.

This can be tricky , raising this huge amount in a first round is extraordinary at this time but hard to believe. That means they will raise up to 10m$ if they do which will be outrightly fake.

I think even 1million USD will be hard for both exchanges. A tweet can be make even its not true, and also if they really made 21million USD on their IEO, these shoulw be testify on both exchanges. Better they do ir if not, means that project is lying and if those two said that their tweet is right they should back it up with evidence. Sorry but Im not gonna believe this, I can understand and agree if the one conducted the IEO is binance or kucoin but knowing those two exchange mentioned are both shitty in the business of IEO. I doubt 100% that they even raised 500k USD out of their IEOs.

I cant say those who joined to participate on their bounty is lucky cause if they really raised that moeny, they can stop any activity on promotions hence the target goal is acquired.

I'm can even say either latoken or p2pb2b exchange have a legit weekly volume of 21 million dollar.. it seems even data from IEO can no longer be trusted. .. I joined this project bounty campaign.. but i dont trust this data,, who knows.. I may be wrong

It could be 21 thousand dollars and not million. These exchange sites are big bullshit in the crypto history. KCT will become the next shit scam dead coin for sure.
all of projects were running on those platforms always become death project.

I feel sick to my stomach because I keep laughing after reading the posts if they manage to raise $ 21.5 million in Latoken and P2PB2B :D even I see big exchanges like binance that there is never an IEO that can raise that much funds. it's very clear if this fraud and bullshit

Don't believe in this nonsense, we know what a p2pb2b exchange is like and it is illogical that people would put that much money.

Obviously, even if they do an IEO at Binance, I think they can't collect $ 21 million. This is definitely a shady and scam project in this market, stay away from this project if you do not want to lose money. It's funny to read their tweets

This is very old and cheap attempt by kingcasino team nobody would believe in their statement where they're claim to rise the huge $21.5 million in just first round of ieo which is absolutely impossible on these two exchanges which you mentioned. Probably they're just want to be in limelight with this kind of ridiculous statements which clearly looks doubtful.

Very interesting indeed, I've always been somewhat interested in gambling related ICOs, especially because none have really been successful when trying to boot a casino from scratch (different from actually having a casino and doing an ICO to raise funds to expand). LAtoken shitty reputation fighting off scam accusations everywhere. Bounties not paid (flagged by rodskee (https://bitcointalk.org/index.php?topic=5244939.0)) doesn't help either.

Sadly, just another one of them flybys.

The scam project cooperates with the scam exchange, which is what we have been seeing for a while. So be careful when looking at these exchanges, never invest any penny on projects there because they are bullshit.

so far from my experience the volume of fundraising can be manipulated, they make the fundraising look so much but they don't provide information on where the asset is because that is indeed their marketing strategy, to be able to trigger investors to come in and do investing in that place, it would be better if they could be open and more transparent, by bringing up how much information has been collected but must be included with evidence in etherscan or the wallet they use to collect the assets of investors.

Since kingcasino listed on p2pb2b and Latoken I won't belief any end IEO result from them, they can easily lied about it, the past IEOs from both exchanges have worse results and yes they have lied about few IEO projects hardcap

If they did IEO in Binance or Okex ... I can believe they collected $ 20 million from IEO, but they only implemented IEO on two scam exchanges. So I would never trust this project, they certainly lied to deceive new investors

It's marketing. This is not just for the project but also for the exchange. Those people who are not aware and not from this forum will actually believe what they are announcing and will soon come running to trade with this project but yup it's marketing that works.

For a person to get involved would have to think that the covid virus had crippled most of the market, this 21M fund must really be unrealistic.

Have to praise the marketing department and the project members of they have really managed to raise more than 21 million during this time period. But the bounty duration looks too long for me.

I agree with the opinion of others about this project. It seems that its not true at all. I think it manipulated to insure that unaware investors will invest them when they know the project is gained 21M in their first round only. I try to research about their project and I think its not good at all. In their telegram group, they just giving their tokens by answering anyone's question. It seems they just giving an airdrop everyday and not even value the price of their token itself.

Right, though i am promoting kingcasino project, but i don't believe on p2pb2b and latoken exchange report. I have witnessed huge fake trades, volumes when i was trading there but actual trade is very low in both exchanges. So before rely on this exchange, i believe we need to study more. But KingCasino is a good project so far.

This is a big lie, even Cartesi never raised that type of money from binance Launchpad, p2pb2b and Latoken are big fraud exchanges that need to be avoided, the kingcasino team must have planned this big lie with those two exchanges to fool investors, be wise people

Well, we all know P2PB2B and Imtoken are both shittt exchanges.  Kingcasino seem to be a good project but their choice of IEO is quite unwise. If they said they have raised the above mentioned figures, let's keep our hands folded and watch their magic. Best of luck to them.

21 million is massive amount of funds which i have not seen even top serious projects to raise in last 2 years so we can only believe this claim of kingcasino if they provide us trackable wallets links with funds in them because with slow and low market conditions even good projects have not been able to raise more than a few million so i think kingcasino should come up and make their claim transparent.

first of all I will congratulate KingCasino, and of course the KingCasino Bounty will be followed by many people if I see this thread,
hopefully I can follow the KingCasino bounty after this ;D

They just wanted to attract more investors to their projects by saying fake number on the raised amount, these kind of numbers are hard to achieve even if the project is from binance or other popular ones so don't trust the numbers or you will get trapped.

looking at previous projects, many projects claim that they will succeed after selling IEO there and sometimes the results are even worse after doing it. the problem is that Latoken or p2pb2b exchanges are bad exchanges and in fact they always display coin data, volumes or results that turn out to be invalid.

I have just gave a look at kingcasino website and from the token details it seems like that their token is a security where they would share the profits with token holders historically we have seen that security tokens have suffered badly due to regulatory issues, no exchange listing them plus no way to sell them. So even if they have raised so much money what solutions and preparations they have for all these issues? It will be interesting to know.

I happy to see kingkasino can get that much funding by investors but for me a little doubt because kingkasino doing IEO in small markets like Latoken or p2pb2b both exchangers have low volume, I hope real results and kingkasino prices can be high in that market

Recently only tokens connected to gambling industry or cryptoexchanges experiencing huge interest. But, I would be cautios, they promise big returns, but to achieve that you need high volume and the competition is great.

I would really be skeptical about with these claims yet any project can say that they have able to accumulate that amount but as said i dont really buy out into those platforms
that had mentioned we know their reputation and issues back in the past.So i dont believe much into those numbers and ever if they do hit up that level then congrats
but generally speaking about Kingcasino project then i dont have much high hopes yet we know on how tough the gambling industry is. Maybe this good for initial hype but
wont last long for sure.

latoken & p2pb2b already have a bad reputation, don't believe the claims of the IEO project that came from there, in 2019 alone, these two exchanges have been disappointing and have received many complaints

True and those exchange sites are very popular sites in terms to manipulate the result of the IEO and volume of the exchange site itself. That's why this news has already created to attract the people but that will not change a lot as kingcasino token will have traded with a very small volume after the result of the crowdsale. p2pb2b is very popular caused by it has owned by the scammer who has been owned coinsbit too.
The transparency from those crap exchange sites is jokes these days their data will always become a manipulative data

I think for the bounty hunters will not make an issue. The most important thing is that what they have done can make a withdrawal, even though there is another scam this year at least we all get tokens from the bounty results, not from the results of buying directly using the money we have.

These two places of exchange should indeed be avoided and as much as possible do not need to be used to make an exchange there, rather than you are exposed to a case of losing your assets, it's better to trade at an exchange that has been proven to have high trust and safety.

I don't really know why BM's are being blamed for failed projects, i think a lot of people are forgetting that bounty managers are also hunters working for project and they are not always part of the team in any way. They did their own research before accepting the project and you ought to do yours before joining the project. The whole market isn't favorable to start up projects and i think every manager has had a taste of scam projects, so it's a general problem and not a thing common to only detective guys. And about king casino raising $21m, the claim is questioning due to the nature of exchanges they have their IEO on However, we've seen more unimaginable things happen in this space so i wouldn't be too suprise if they really raised such huge amounts, time will tell nevertheless

Latoken or P2PB2B exchanges are not scammers! I never heard the fund losing issue, but those exchanges are helping scammers in different ways! So, everyone should avoid these exchanges and their IEOs! Kingcasino seems a dishonest project otherwise how can they claimed 21Million USD raised, and yet they will have more rounds of sales!

From my finding i can see kingcasino is a good project now hearing about how much they have in sales is mind blowing. i am looking forward to it

In my opinion base on our present market condition, the $21.5 million is impossible to achieve, that was the common presumption of many people. But in the crypto industry, things have work differently than what we expected. if the KingCasino project has proved it by "showing any trusted third party Audit report". I'm sure it will erase all accusations and doubts related to that huge amount that was allegedly raised during the first round of IEO in the two crypto exchange P2PB2B and LaToken respectively. they must show the proof from the trusted third-party audit firm if it's true.

I'm observing this project before started to manage bounty detective admin. In my explanation this project is average, what I mean this 21.5M funds rise is fake. Because Latoken and p2pb2b exchange has bad reputation for fake volume. Bounty detective just took security about distribution as GEOMA DAO campaign. I think All this because to attract more investor.

Maybe so. These exchanges had been behaving badly since the start of IEOs.

It has to have a ton of investors for this KingCasino to have $21M. I don't see enough reason for these tons of investors to join this IEO while there are also casinos as option that also give out earnings the bankrolls.

Well,what can I say, just seeing this and the claim to raise such amount from p2pb2b and Latoken exchange makes it looks unreal but then I can't just justify my thought ,though everyone know that it's hard for projects to succeed on those exchange, I will definitely do more research on it.

If these exchanges were not called latoken and p2pb2b, then I could still somehow believe in something,but alas, the exchanges listed by the author have long since lost the trust of users.

Well, to be honest, you can't be too sure about that. There tokensale is ongoing on shitty exchanges no doubt but according to there official write-up, the money wasn't raised on there alone, they had angel and private investor. Left to me, i can't question that because i've seen tons of projects raising huge amounts of fund without staging any public token sales, an example was Aergo project, all the huge funding was done by seed and angel investors, what if that's the major case with KINGCASINO, so why judge them at this early stage of project development?

We can see how much negative trust that already earned by p2pb2b account in this forum and it has been showing how credible the owner of that scam exchange site.

The exchange site itself who have bought all of the tokens that available int he token sale.  :D