Why tokens are being sold 25% under ICO price? If everything is calculated in $, profit is calculated in $, how is possible that token has the same price as it had after funds have been raised?
Does it mean bankroll didn't go up or down single....hm...part of cent? For some reason, your BKB price is the un-updated metric of 0.0928 (which is the const value that is not altered). Perhaps some script didn't go through to calculate the actual price, which is 0.0989. Well, I see 0.0990 now and it doesn't say infinity any more(will edit post).
But how "30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development." turned into "I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO"? These funds should have been used for what was stated in ICO and we are talking about $2.7M worth tokens. If they have not been used for promotion, development etc then I don't see any reason why all 100% invested money shouldn't be in that bankroll, or better, why investors didn't receive all 100,000,000 tokens, as only their money is obviously used for bankroll, promotion, advisors, hiring, development? Correct me if I am wrong, but it doesn't sound like Betking.io used any of their funds for any of these things said during ico.
But, as I am not investor, gameprotect and his alt accounts from this topic are not investors and investors didn't say anything, I won't push this any further. It is just my observation. |
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This is all you need to read: http://archive.is/9opwz#selection-6385.4-6385.34I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
There's not going to be any significant reduction in bankroll, max 10% every 3 months.
Yes I will then be making a profit on the tokens I hold, the ones not being sold plus the ones I buy back, that's pretty normal and how most businesses work.
There's no dilution going on at all. According to ICO conditions (someone archived ICO long time ago, couldn't archive new site) http://archive.is/tdcWr#selection-440.5-440.6Distribution
– 100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.
– 70 million will be available for sale to crowdsale participants.
– 30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.
– BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum and Litecoin. All funds will be held in cold storage.
Use of funds raised
After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal. Is Dean allowed to use his 30% of issued tokens to buy back tokens, to put them on exchange, sell them or to put them in bankroll, as during ICO something completely different was stated? Read again: 30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development. I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO
https://i.imgur.com/1Aedza2.png
Why tokens are being sold 25% under ICO price? If everything is calculated in $, profit is calculated in $, how is possible that token has the same price as it had after funds have been raised?
Does it mean bankroll didn't go up or down single....hm...part of cent?
https://betking.io/ico/
Edited
How many tokens are available to buy? From where are these tokens coming?
The current max win at the BetKing dice game is 10 BTC.
If we assume that BetKing is only allowing a max win of 2 % of the bankroll,
the bankroll would have to contain 500 BTC, which is roughly the amount of
BTC that has been raised with the ICO. Many sites use an even lower percentage
of the total bankroll as the max win. Therefore it is likely that the BetKing bankroll is
actually higher than my assumption of 500 BTC.
Assuming I want to invest in betking, where can I find this info? |
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In addition to their fake team members:  It took me exactly 23 seconds to open their site and to find this on their whitepaper - I smell ponzi. Usual template used by scammer(s)...loading screen:  "High tech sci-fi image" on top of the page:  But this is what surprised me most:  They already raised $15M?  |
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So lets see what we got here. Fake team, you say? I am sh utterstocked  ! Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 2018-03-28T07:47:33.00Z
Creation Date: 2018-03-02T02:44:20.00ZJunior member account wants to anonymously collect millions of dollars using brand new domain and they are misleading investors with fake images of their team. How cute. @ limlucy579: Strange is you are not active in other bounty campaigns, except cointroops. Definitely, you both are linked or may be the same person!! Funny is you are calling us scammers when your group doings has been exposed.
Because they are probably alt account, there is no other logical explanation  |
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Let's say you deposit 100 and get a 100% bonus so you have 200 to play with. You start playing and winning and never dip below 100 into your bonus funds, and now you're up to 2000. No matter how much you play, you can't withdraw until your balance goes below 100. Only then will the wagering requirements start. So you'd have to go from 2000 to 100, then play with 30x wagering before you can withdraw.
I asked support months ago about this and that should be correct. You have to lose bonus balance first and then wager remaining funds. I never used bonus because of this rule as I don't see point of such bonus, unless support didn't inform me well, which I doubt or they changed something in ToS, which I also doubt. |
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Add to that what people are calling "scam" because he advertised a 50 BTC Jackpot Dice Game only for that not to happen in the way that he advertised it.
I think I have already explained you how 50 BTC Jackpot works. If I, not investor or related to betking, have found this information in only few minutes of reading, I am not sure how you fail to do your own research in last, i don't know, 2 weeks or so. There was no 50 BTC Dice jackpot, the wording used was different from what was on offer. Another word was used at a later date "progressive" to the 50 BTC Jackpot.
Where was that stated? Link me to their whitepaper, I am lazy to search again. Anyway at odds of around 10 billion to one nobody was ever going to win. It shows around 10 BTC for "max win". So it seems the fact that nobody won the 50 BTC because it was never really there in the first place to win means that people are rightly calling it "shady" and a "scam".
Max win =/= Jackpot. Someone has already explained it.
As for your question regarding tokens, I've found this at site: During our ICO we created 100,000,000 BKB tokens to raise funds for the BetKing bankroll. Find out more here.
The token value is calculated as:
I + (P /100,000,000)
Where I is the initial token price after the IC0, $0.09286 and P is the total site profit from all games and currencies at the current exchange rate in $.
For example, if the site profit was 100 Bitcoin and the current price of Bitcoin was $8000 then the BKB price would be:
$0.09286 + ((100*8000) / 100,000,000) = $0.10086 And ICO: BTC - 1,046.60623396 ($4,811,039.536)
ETH - 4619.11055426 ($1,622,277.817)ETH - 4619.11055426 ($1,622,277.817)
LTC - 856.08369263 ($67,211.1307083813)LTC - 856.08369263 ($67,211.1307083813)
Total $ = 6,500,528.48
BKB Initial price = 0.09286BKB Initial price = 0.09286 100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.
70 million will be available for sale to crowdsale participants.
30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.
BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum and Litecoin. All funds will be held in cold storage.
All funds will be held in cold storage. And then this: After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal. So investors didn't invest only in bankroll, they invested in promotion of the site too. I am not sure why formula is... Initial token price + ((profit*BTC price) / 100,000,000) = token price ...are there 100,000,000 tokens in bankroll? Why was ICO price calculated with 100,000,000 tokens and not 70,000,000? Hm... 30% tokens are used for promotion( 2,785,800$) At least 50% of funds raised during ICO are used for bankroll (50% of 6,500,528.48$ = 3,250,256$) With this calculation, 6,036,064$ are used for marketing purposes, development etc and 3,250,256$ should be in bankroll. BUT this is only in case 50% funds collected during crowdsale are in bankroll. Where can we find info about bankroll?
From site: With BetKing Bankroll Token you can be the house and get a share of the profit BetKing earns! How much funds goes to bankroll now? How much tokens were bought back from investors? How much tokens are available at the moment? What is size of bankroll? What was the size of bankroll after ICO? How many funds were used for promotion, development etc? How many funds are left for promotion, development etc? This IS investors money and these questions should be answered directly to investors. So, instead of writing speculative esay's ask questions directly. |
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Blogs? Websites? Offices? They have bounty camps! okay, note here where my community is in my country At least they have bitcoin t-shirts |
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A new ICOs have been added to our list.  Based on what this project has had so high rating? |
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Oh, I didn't see that one.  Google didn't give me correct search result, I figured I searched for "bitmoney scam" instead of "bit money scam". Can you please write something on people's trust wall when you discover something like this thank you. lol. Updating title and locking this topic. |
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What happened: stolen content from another project, no team. Scammers Profile Link: getbitmoneyWebsite: https://getbitmoney.us/ archived here http://archive.is/1q9AEAnnouncement thread(s): [ANN][WHITEPAPER RELEASE][BIT MONEY]CRYPTO-BACKED LOANS | CREDIT CARD , FIRST EVER CRYPTO-CURRENCY 6X FASTER THAN DASH | CONFIRMATION IN JUST 1 BLOCK , [ANN] BIT MONEY | MASTERNODE | POS | LENDING | 6X FASTER THAN DASH , Bit MoneyBounty topic: [Bounty] Bit Money - Investment & Lending Platform (5% of premine coin) 4 Week
Getbitmoney released draft of their whitepaper and they posted it in their announcement thread(archived here http://archive.is/z1zL7) Nexe.io has the same whitepaper https://nexo.io/assets/downloads/Nexo-Whitepaper.pdfBold parts are plagiarism and normal font is paraphrasing: Bitmoney:Bit Money delivers Instant Crypto-backed Loans, So breakdown a crucial unskillfulness for the crypto world. Up to the present moment, no alternatives existed for digital asset owners to relish their crypto wealth except commercialism them. The innovative model of Bit Money brings to the crypto community the simplest of each worlds - holding 100% possession of their digital assets whereas having immediate access to money. The moment Crypto backed Loans are a unit Associate in Nursing automatic, versatile and cost-effective manner of getting liquidity that's secured by the worth of the client’s digital assets. The whole process is completed in mere a number of easy clicks.
No hidden fees, no capital gains taxes, no credit checks. Transparency is warranted through the use of blockchain technology, good contracts and recursive processes executed by the Bit Money Orion. Nexe.io: Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash The Instant Crypto-backed Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets The whole process is completed in just a few simple clicks No hidden fees, no capital gains taxes, no credit checks Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle I marked red word "good", as terminology is smart contract and not good contract, as it is written in getbit's money whitepaper.
One just can't paraphrase smart contract
Bitsmoney's mission:Over the years instant loans aren't pretty simple to urge sanctioned ,implementation of blockchain technology with instant loan machanism with bring the loan trade to a next level. We believe that the increasing digital world helps improve our lives. we'd wish to contribute by providing the blockchain based Instant Crypto-backed Loans. With Bit Money – Now you can enjoy your crypto wealth these days while not commercialism your assets! Nexo's mission:Over the past 10 years, we have been providing instant loans to millions of people across Europe We believe that the expanding digital world helps improve our lives We would like to contribute by providing the World’s First Instant Crypto-backed Loans: Nexo – enjoy your crypto wealth today without selling your assets!
Bitsmoney's solutions:Bit Money’s purchasers are able to receive money instantly any place round the globe, seize investment opportunities, and meet liquidity desires now. Whereas retreating giant amounts of money is a lot of handily done via bank transfers,Bit Money’s retail purchasers have the choice to use the free mastercard for his or her every day expenses.
Clients retain 100 percent possession of their digital assets. By creating use of Bit Money’s instant crypto loan rather than marketing, they keep the complete capital gains and incidental edges from their digital assets. Bit Money’s clients will relish their crypto wealth like a shot, while not having to sell their digital assets.
Ownership of digital assets is secured and secure by clear loan contracts, which can ultimately be hold on the Blockchain wherever it's technologically potential.Nexo’s clients are able to receive cash instantly anywhere around the globe, seize investment opportunities, and meet liquidity needs immediately While withdrawing large amounts of cash is more conveniently done via bank transfers, Nexo’s retail clients have the option to use the free credit card for their day-to-day expenses
Clients retain 100% ownership of their digital assets By making use of Nexo’s instant crypto loan rather than selling, they keep the entire capital gains and accompanying benefits from their digital assets Nexo’s clients can enjoy their crypto wealth immediately, without having to sell their digital assets
Ownership of digital assets is secured and guaranteed by transparent loan contracts, which will ultimately be stored on the Blockchain where it is technologically possible Underline part, for better visibility: bitmoney -> Whereas retreating giant amounts of money is a lot of handilynexo -> While withdrawing large amounts of cash is more conveniently
Hm...have I mentioned this is another lending platform?
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We didn't mentioned team because currently team is not the permanent one. We contacted many other good developers, marketing and promotion experts and advisers and few more roles which are to be filled.
You also forget to mention that your idea is stolen from another project and your whitepaper is blatant plagiarism(most parts of it) and parts which are not plagiarism are paraphrased words (money - cash, good - smart, while - whereas, large - giant, needs- desires, few simple clicks - number of easy clicks, present moment - this very moment and so on.) |
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It shows a bunch of shitposters sitting around a shitposting table in a shitposting farm. They deserve negative trust just for that. Give me a fucking break. Guaranteed the women here don't care about bitcoin in the least. They got recruited to spam like suicide bombers get recruited by ISIS.
This made my day, I just can't stop laughing. The excuse is BS, but the "team" is more or less, true. They are more likely blood relatives than a team. And most bounties require like 10 posts a week, by the looks of the image, it looks like they are sitting there, chillin' and abusing bounties with hundreds, if not thousands of accounts.
You are not far away from truth, as this is their job. There are 8 people on picture, 9 laptops and 20 accounts connected, lets say it takes 2 minutes to enter thread, write one or two lines and to post it. Hypothetically speaking, 2 min per post = 30 posts in hour = 240 posts in 8 hours. They have to eat, go to toilet and login to different accounts(I'll remove 2 hours from their shift) - that is 180 posts a day, on weekly base that is 1260 posts, as you said they have to post 10 posts a week so one person can operate 126 accounts without problem. 9 laptops, 9 persons = 1100 shitposting accounts. |
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I suppose twitter is real as I've found it on ico bench where Joseph passed KYC test. Scammers are running out of ideas as they moved from stock images to stealing identities of people who can be easily reached. Their announcement thread is full of shills - they probably use one of payed bumping services. Can you report them to moderator? I'll write warning in their bounty thread hi,We can not register fake employees in the project. We are a company of hard working developers. Why did your hard working co-funder Joseph Rubin say he is not part of this team? Who are you? What is your position in this project and where can we find your picture? We are a company What is name of your company? Where is your company registered? |
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Where did the 10-78 missing BTC from the BCH sale go? Is there something quoted above that is not true?
Only a proper professional audit would help answer that question. I agree. This whole topic is one big speculation where no one actually knows anything and everyone is guessing something.
I'll look for an impartial DT member to audit the information that I have. Open to volunteers as well.
It's not the way it works. I wouldn't allow individuals such Quicksy and yourself any possibility of an audit, while there are individuals to which I'd be open to share the necessary information with. Thus, both statements are correct.
I disagree. This is only reason why OgNasty should do it. If something is wrong they will have to post proofs, and with so much hate between you two, I believe if OgNasty say everything is OK than everything is OK. It is simple as that. |
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potpons has the weirdest team i have ever seen...by far . Image scaling amplifies the effect x10.   Probably photographer consumed some of that pot token. I suspect these guys are behind marijuana payment solutions:  unfortunately bike was too large and didn't fit into picture:  Just look at this happy face...  ...of course he is pot-pon's advisor. I almost fall off chair when I saw their very happy team members. @ICOethics sorry for hijacking topic, can you change topic to "modorr and other tokens issued from the same address" or something like that? |
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so, to win the jackpot you have to roll 55.555 twice in a row? That is about 1/100,000 x 1/100,000 = 1/10,000,000,000 or 1 in 10 billion chance of happening. And betting 1,000 sats, I guess it is unlikely anyone ever won it, if someone did they would notify I'm sure.
Actually no one can win 50BTC betting only 1000 satoshi. Someone posted link to steemit article but they forget to include this in post: Bets of 0.00001 Bitcoin or more can win 1% of jackpot
Bets of 0.0001 Bitcoin or more can win 10% of jackpot
Bets of 0.001 Bitcoin or more can win 100% of jackpot Meaning - 1000 satoshi bet, two rolls(back to back) containing 55.555 = 0.5BTC Jackpot. So, if my math is correct, whoever wants to catch 1% of jackpot has to wager 100000BTC, I didn't check house edge, but lets say it is 1%(guessing) do some math and see how much money average player has to lose to "win" this jackpot  Best part - everything is transparent
@JollyGood, I didn't check ICO, but what was promised to investors? Share of bankroll, token re-buy at the same/higher price? Something else? |
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~
This ICO sale will start in 1 day (23/08/18)! Let's STOP THEM!
They already done half work: We are not planning any bounty program for our ICO Project, our mission is to get 2000 investors and give them Vertix Cards to see how the system works. We know that we can get 2000 investors without bounty program.
They use pictures of other people, but they have pictures of Sven Knezevic and Alex Kraus posing together wearing Vertix T-shirts. This could be stolen from their social media profiles and photoshopped or they are real, anyway, Sven is advisor...adivisor?  Adivsor! ...but who is he adivsing if team doesn't exist?  |
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AIZEUS ICO is scam.
Their co-funder Joseph Rubin claims he is not part of this team.
Read more about it here: https://bitcointalk.org/index.php?topic=4943937.0
Whoever continue to advertise this ICO is helping criminals to steal money from people
and will be tagged with negative feedback.
Have a nice day.
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