I got a question that the odds of the site's sports game are setted according to what? How to protect the interests of shareholders?
Can you clarify? We seek to offer great odds, and best house edge for players wherever feasible  To protect shareholders, we take responsibility to watch for any vulnerabilities, whether that be certain leagues or bet types we can't maintain - Ideally, when we can get balanced action, this will never be the case. |
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in the southern hemisphere, set alarm for 1:55am work up brought 25,000+ dot on 2:01am. went back to bed 2:05am... I would say it was worth it!  Now I am looking forward to the nice pretty gambling site bringing in some volume. What are the marketing plans? Great success story! Good question - I'll put a marketing plan announcement on my to-do list. We've been working on it behind the scenes. Check out "Just-Dice" for a glimpse! |
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first [12:00:25] [HAVELOCK] [CBTC] 200000 @ 0.00018 = 36 BTC
last [12:03:21] [HAVELOCK] [CBTC] 14 @ 0.00018 = 0.0025 BTC
last shares bought at ipo in just under 3min grats!
what price will the remaining shares be sold at? average price?
was abit unclear.
a. September 16, 2013: 1,125,000 units
b. December 17, 2013: 750,000 units
c. March 17, 2014: 2,625,000 units
FYI - These are not "IPO" shares - these are early investors shares and it is up to their discretion whether hold them or sell at what price they choose - Although should add more liquidity! After all investor shares are released by March, total "float" will be 25% or 30% if we do 2nd round IPO. P.S. - Congrats to all IPO investors and anyone who has purchased shares, thanks for your belief in us! We will work hard with your investment and support. |
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Did TheSwede75 make a advertisement for your site on just-dice?
That's correct. TheSwede75 is involved with some of our marketing efforts, etc. We got a great deal this week  |
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Attention players:
Survivor League Week 2 is live!
Get in and pick your teams!
Free - 56/128 players remain
.25 - 6/8 players remain
.5 - 5/8 players remain
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Hey all!
IPO is one day away!
For the sell clause: It was very important for us to word this in a way to build confidence, benefit, & protect investors. This is why we opted to add the higher of the 30-day weighted average price, or asking price - or asset sale price. So, investors will walk home with the best possible outcome in this situation.
The #1 concern was to protect investors in this clause - We'd want them to benefit the same as management in these scenarios. We don't intend to de-list unless it is somehow necessary, and investors should fully benefit from any risk/reward, as any upside potential should be reflected in the bid price as part of an efficient market, which would have ideally appreciated significantly for any IPVO investors. If not, it's our responsibility to compensate investors fairly. Unfortunately, such a clause is probably necessary to any bitcoin-based asset listing - It's included for transparency, and we seek to place our investor's interests first any any such situation.
Ultimately, is there some level of risk people need to account for there? Yes. I think this illustrates the value of earning the trust of our investors, which is very important to us.
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Can you send an "in week" update to this spreadsheet out tomorrow morning to see increased traffic/bets caused due to IPO announcement and NFL Week 1. This will give 24 hours as look in. Thanks and sorry for inconvience. Sure thing! We've had more than one request. |
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Hey KOS,
If there is no changing your mind, I may not spend time sending anything for now, we can agree to disagree. No hard feelings.
However, we 100% agree on reduced juice & more betting options - Those are all in the works - including 1st 5 innings bets for baseball - due by tonight/tomorrow.
Right now, our #1 priority is developing our affiliate backend.
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Yes, in conjunction with Havelock, we valued ourselves intentionally - We used the same price formula used for pre-IPO investors for our IPO valuation, which we've had a ton of interest interest for. Factors taken into account include our btc/cash on hand, intellectual property, weekly earnings growth, expected earnings considering future development, overall bitcoin gaming market share, etc. We did a lot of market research to make sure there was plenty of room for us to grow. What's nice - after IPO, the market can take over valuation for us.
Based on Alexa traffic, we're one of the fastest growing for both bitcoin sportsbook/ casino over the past month or so, and we hope this move will boost growth further. We really have two ways to grow - within the current bitcoin gaming space, of which we have roughly ~5%, and with the growth of the bitcoin gaming space as a whole - which appears to be roughly doubling every year, and is still well under 0.1% of the gaming market as a whole.
Funds are primarily being raised to increase our risk threshold, and therefore max bets limits.
Awesome, thanks for the response. Going back to my original question: How long has this site been operational? I noticed the detailed statements go from July-August, but other Google docs files note starting back in May or so. Next small round of questions: Who is your primary competition? What do you offer that they don't? As traffic to your site increases, why launch an offering at all? If a gambling website is fun, profitable, and offers gaming variety, it'll grow on its own over time. When that happens, you'll have earned enough money to increase the maximum bets on your own instead of using raised funds to subsidize this part. Site has been announced to the public since June 7th. Any startup expenses pre-July have been accounted for in our July starting balance and will not affect investors/dividends, which will be based on operating income going forward. Our competition can be viewed on the attached Alexa traffic trends graph (Top - Casino, Bottom - Sports): http://imgur.com/xq7rUMCAs you can see here, we're growing fast (dark blue line on both)! We believe this is in large part due to our competitive advantages, and intend to push those further - whether it be unique leagues, bet types, games - or our focus on P2P offerings, which are FUN, competitive, and create loyalty (NFL Suicide leagues are the current example.... NFL Squares should be next). Of course, we'll still compete directly as well as building our own "niche" this way. We could certainly stay private, and have had offers for additional funding. However, we feel our IPVO will raise our profile, additionally motivate us to benefit our shareholders, and also pay dividends in the form of investor ideas/input, word-of-mouth advertising, etc. |
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Hey there! We'd be interested in being added. Contact me on Skype at casinobitco.in or email @ affiliates@casinobitco.in for more details. |
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We have it already |
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Just a reminder guys -
-107 Reduced Juice NFL spreads tomorrow!
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Just a quick couple of questions from my end: How long has this site been operational? I noticed the detailed statements go from July-August, but other Google docs files note starting back in May or so. What is the purpose of valuing the company at BTC5,400? Was this value intentional? Most of the time, people usually randomly generate how many shares their company will have (i.e. 1,000,000 units, 5,000,000, etc) and then throw in a per unit initial value they thought was good enough (i.e. BTC0.001, 0.5, 0.00001, etc). Then, as if magic, they're suddenly valuing their ideas at thousands of BTC. How will any raised funds be spent? Say hundreds of random people jump on board and give you the $60,000 in BTC you're looking for. Then what? These are just a few 'feeler' questions, and I've got a few more depending on how the above are answered. Overall, I like casino investments...when built properly (and secured properly as well) the house always wins, and that's good for investors Hey Korbman! Thanks for your interest. Yes, in conjunction with Havelock, we valued ourselves intentionally - We used the same price formula used for pre-IPO investors for our IPO valuation, which we've had a ton of interest interest for. Factors taken into account include our btc/cash on hand, intellectual property, weekly earnings growth, expected earnings considering future development, overall bitcoin gaming market share, etc. We did a lot of market research to make sure there was plenty of room for us to grow. What's nice - after IPO, the market can take over valuation for us. Based on Alexa traffic, we're one of the fastest growing for both bitcoin sportsbook/ casino over the past month or so, and we hope this move will boost growth further. We really have two ways to grow - within the current bitcoin gaming space, of which we have roughly ~5%, and with the growth of the bitcoin gaming space as a whole - which appears to be roughly doubling every year, and is still well under 0.1% of the gaming market as a whole. Funds are primarily being raised to increase our risk threshold, and therefore max bets limits. |
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Hey AK! We'd love to get onboard |
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Thanks for the answers, CBC! That covers everything I can think of right now, and everything looks good. Definitely going to put some thought into jumping in on this, . You got it, Ranlo! No saying how fast - but if it's anything like DealCo.in this week - shares could go quick! I'll have my coins ready (myself and others involved will be adding to our equity on IPO - will be nice to have "liquid" shares) |
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At what point are you going to start paying yourselves or will you just be maintaining owners equity? Uv, For the foreseable future, we don't plan on taking any salary/compensation, just working for the equity we own! |
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No management fee - and, that figure is after all expenses - that roughly 25% would be added to the general reserves or "cash" as retained earnings, and would belong shared to all shareholders.
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Based on what I can tell, then, you have:
41.15 BTC
28.59 BTC
That's your profit over 2 months (after every expense is paid)?
So let's round that up to 35 BTC a month.
If this is correct, that lands ~10 year ROI (based on profit at current levels), which is a little high but based on what I've seen I think this can be shortened considerably over time. Your valuation *does* go hand-in-hand with your revenue, so that's perfect. Just have to decide how much risk is too much here...
@xchrisxsays - seriously? The company I put down was going for over 800k in valuation on a company that 1) hadn't even been created yet and 2) had absolutely no income. How can someone possibly value an idea at nearly a million dollars? If you really believe in that crap, I've got tons of ideas I can sell you and I'll let them go for a fraction of that (250k each). Making stupid investments is how you lose all your money.
Ranlo - I think we're on the same page! Lot's of factors to consider. Simply put, our goal is to be far and away #1 in non-dice bitcoin gaming - and we appear to be on the growth trajectory to reach that. By my estimates, we have roughly close to a 5% chunk of that market now, and growing. Our shareholder's support & input will be a huge part of us getting there. Yeah, I definitely get where you're coming from. The downside is that the market can have massive swings up or down at any point. It's more of a long-term investment than anything. On the other hand, people always gamble, and ironically as the economy gets worse people gamble more and more. So are the shares based on their part of the total profit each month, or is there part being taken out of that each month? Best breakdown would be like this if possible: Let's say there is one share someone owns and their fragment of the profit was 1 BTC. Would their dividend be the entire BTC, or how would it break down? Ranlo - I agree - this is one reason we intend to focus on competitive advantages and serve our own "niche", whenever possible. We're targeting roughly 75% dividend / 25% reinvestment to start - this will be well defined with each dividend for share holders. |
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