Bounty Update

We have all the necessary translations, thanks for everyone's interest in our project!

Hi Zontop, thanks for the question.

The pre-sale, which contains 2,500,000 tokens, opens at July 3rd 16:00 UTC and will remain open until July 8th 16:00. If those 2,500,000 tokens sell-out before July 8th 16:00 UTC, that round will be complete and people can get into the general round which opens at July 8th 16:00. In the general round, 7,500,000 tokens will be sold in total.

We've priced both rounds with the intention for them to both sellout quickly, so we do recommend anyone that has a keen interest in this opportunity to register on https://www.monsterbyte.io to stay up to date with the latest news, and be prepared to buy their tokens next Monday July 3rd.

Hello, your question is a great one, I didn't respond right away because I was on my mobile pretty much most of yesterday, so apologies for the delay!

There are a lot of different variables that affected revenue since 2014 some in our control (UI, marketing, product), some out of it (price of bitcoin, etc).

We kind of alluded to this in a previous response, but how we handled risk in the Sportsbook was one the main culprits. Believe it or not, the bitcoin sportsbook space has a lot of professional cappers in it, reason being is that they've been kicked off traditional sportsbooks and have come to bitcoin books because of the level of anonymity they can have. In 2015, when we were suffering losses in the book, and worst when we got left holding the bag from a 3rd party provider, we had to cut other areas including marketing and product development. At the same time, many other competitors came into the bitcoin gaming space and we lost market share.

But to answer your question directly,  Yes our roadmap is strategically aligned to combat the lessons we learned in 2015 and 2016. First and foremost, we will hire dedicated community managers to better promote our brands, at the same time we will gradually roll out a new user experience on BitcoinRush.io and PeerBet.org. In conjunction with that - we will launch our new risk-free sportsbook which will drastically improve our options in the book, raise our limits, and get some of those big (and casual) players back onto our sites.

Last, users that are interested in both the pre-sale and general sale should register on https://www.monsterbyte.io; that's where the token sale itself will take place starting on July 3rd.

Thanks again for your interest!

Updated Translations
OculusMan              : Russian
pekka              :  Indonesian
aakashsangwan      : Hindi
talatk              : Turkish
elegant_joylin      :Fillipino
coinman              :Greek

Whitepaper is published: https://www.monsterbyte.io/images/MonsterByteICOWhitepaper.pdf

Yes, please confirm details in slack as well please!

Thanks, let's lock it up OculusMan.

Also, good the link to Slack has been updated on our ICO website.

Whitepaper to be published this evening, just putting the final touches on it.

Translation / Bounty Update

Here's who we have thus far
aakashsangwa ---> Hindi
pekka ---> Indonesian
talatk --- > Turkish
elegant_joyliy ----> Filipino


I'm still looking for Russian, Chinese, and Greek (and potentially others). If you are interested, please hop in our slack, and join #bounty and claim your language.

It varies quite a bit based on the game, but here's a high-level break-down.

BitcoinRush.io
 * We earn ~2% of all bets placed in the Sportsbook, regardless of if the player wins or loses
 * In the casino, we hold anywhere from 1-7% edge based on the game being played.
 * In our peer to peer games, like Bitcoin Rush, we retain 1% of the pot
 * In pools, like Survivor Pools or other P2P contests, we retain 1.5% of the pot

Bit777
 * This is strictly a casino, so we hold anywhere from 1-7% edge based on the game being played.

PeerBet
 * In Dice, we retain a 1% edge; just like other dice sites; however, this bankroll is still all crowd-funded; so we make a small commission of the profits the investor earns on PeerBet.
 * There are raffles that run every few minutes where we retain 1.5% of the pot
 * We also charge smaller coins a commission (paid in btc) to list their coin on PeerBet, a recent example is PepeCoin

B2B
 * We will charge a one-time licensing fee to leverage our software on a monthly, quarterly, or yearly basis
 * We will share in the profits with the operator, exact terms still TBD (this is a new vertical for us after the ICO is completed)


Overall, since we have a hard cap and a set amount of tokens (40,000,000) 1 token is entitled to 1/40,000,000 of our profits (revenue - expenses).

Hope that answers your question, please feel free to swing by our Slack to engage with the team some more!

Thanks for the good question.

First, we gotta thank both Havelock and everyone that invested back in 2014; back then we raised a total of $55,000 in a matter of minutes. From there we were really able to grow from just a few hundred users to what you see today, nearly 50,000 users across three different properties, owners of all the intellectual property, and momentum to carry us to the next level in both the B2C space as well as enter the B2B space. If you have been close to Havelock through the years, you'd know we are 1 of the only funds still in operations from the 2013/2014 era, and we take a lot of pride in that and we're happy to reward all the folks on Havelock by moving them to the new token.

Havelock users were collecting dividends early on; however, we had a few hiccups with our Sportsbook in both 2015 and 2016 which made us be a bit more conservative. The sportsbook as a whole has been a very good lesson learned, we were handling risk at first, then offset with a third party (who went bankrupt and stiffed us), then we handled the risk ourselves again a bit more intelligently.

Without going into some of the "secret sauce" we now have a new model that we plan on launching right after the ICO closes which will allow us to offset risk programmatically, without the risk of a third party folding on us. This will launch in conjunction of the new sportsbook UI which can be seen here: https://www.bitcoinrush.io/sportsbook/b/mlb

Historic, and projected, P&L can be found here: https://docs.google.com/spreadsheets/d/14hV9RUtrdPeDusRDwdjyFzwmMep3tVOEdaVuOSd4J3M/edit?usp=sharing

 We will be supporting the new coins natively within the app, no need for Shapeshift.

Yes, good call!

We've updated the website (and whitepaper) with the bounty allocation. We will be updating the original post, and providing an update today (in a few hours or less)

Thanks bias, I don't fully understand your question, every havelock unit holder will move to the new token at a 1:1 ratio, so if you have 10 units on Havelock, you will have 10 Monster Byte tokens after the ICO is completed. In order to claim your tokens, you do need to register on monsterbyte.io with the same email address you have leveraged on Havelock, and you will need to provide us with your Waves receiving address to receive the tokens.

Hope that helps,  but free to hop into our slack and we can speak 1-1!

Translators, thanks the PMs!  I will be allocating token from the principal shares for bounties. Exact distribution coming tomorrow, it will follow the normal pattern as other ICOs.

If you reached out via, I will be in touch - be sure to hop into our slack for easier / quicker conversation!

For anyone interested in the ICO itself, details are located here: https://bitcointalk.org/index.php?topic=1980482.0

Shoot me a PM, and I'll help out!

Yes, please send PM to square away details.

For all - we are looking to translate this thread, and the whitepaper, in a variety of languages. Post in here, and PM me for details

CBTC Fund on Havelock Update! 
As mentioned, we are moving all Havelock unitholders to our new token following the completion of our ICO which begins in July. Unfortunately, this process will be manual. So, in order to accomplish this smoothly, we stopped trading of CBTC on Havelock Investments at 6:00 PM UTC today.

All Havelock Unitholders who wish to move to our new token which will ride on top of the Waves Platform should register on MonsterByte.io. 

In terms of what to expect:
1. First, ensure you register on MonsterByte.io with the same email you leveraged on Havelock Investments, this is the only way we can confirm ownership.
2. In the upcoming week, you will be able to confirm and claim your units on MonsterByte.io.
3. Following the closure of our ICO, the new MBI tokens will be sent to your Waves address
4. You can then trade your MBI tokens within the Waves DEX, then other exchanges in the future.

Thanks for your support, and we hope you're as excited as us about our future plans!

Taking a look!