 Show Posts
|
|
Pages: [1]
|
I think buyback is a good insurance for investor, in this crazy ICO-time
Sure, give me $1.00, I'll give you 10 tokens worth .07 each. I'll use the rest of your money to buy back 1 token every 3 months for .07 plus a little for your trouble, you'll have your money back in 2 to 3 years. It's Genius. Sure sounds good until you work the numbers. 1.00/.07 per quarter = 14.28 quarters I'll be the guy buying during Q2 for 90% discount. |
|
|
|
Then it seems that you have quite a racket going.
Betking will be taking the cumulative investors' profit to buyback tokens, reducing the bankroll, then Betking alone will be accumulating profits on those tokens to infinity with no benefit to remaining token holders.
Eventually, Betking will have purchased the majority of tokens back with investors' money (Bankroll profits) - in essence diluting remaining token holders since Betking retains the re-purchased tokens and earns all future profits on those tokens. Sounds like it's good to be Dean / Betking.
If I'm misunderstanding, please let me know.
I'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. Remaining token holders have the benefit that their tokens have much more value the longer they hold them. They can choose to never sell them back to me for many years or if the site was to be sold. There's no dilution going on at all. Thank you for this answer. Please hear me out on this, and hopefully this explains what I mean and hopefully a better situation for all. Hypothetical: Money Raised: $10,000,000 70% Bankroll: $ 7,000,000 30% BetKing: $ 3,000,000 Price per token: $10,000,000/70,000,000 = $0.14 Q1 Profit: $500,000 Bankroll at end of Q1: $7,500,000 Buyback 10% of tokens: 71,000,000 x 10% = 7,100,000 (includes bounty token holders) Buyback price: $500,000/100,000,000 tokens = .005 + 0.14 = .145 Reduction to bankroll: 7,100,000 x .145 = $1,029,500.00 Bankroll value after buyback: $7,500,000 - $1,029,500 = $6,470,500 Remaining Investor tokens outstanding: 71,000,000 - 7,100,000 = 63,900,000 Value of token after buyback as proposed: $6,470,500 / 100,000,000 = 0.064705 (this is where the dilution comes into play, although not a typical dilution as in the stock market) - Q2 would need to overcome the deficit just to break even. Value of token after buyback if repurchased tokens were burned: $6,470,500 / (100,000,000 - 7,100,000 = 92,900,000) = 0.069650161 When companies buyback shares, the outstanding shares are reduced, thus raising the value of the remaining shares. I understand that these are not shares, but the same theory applies. Don't get me wrong, I'm not trying to dog your project, on the contrary, I'm still very interested under the right circumstances. I think there is value in your casino and profit to be made if done correctly. I just think that by not burning the re-purchased shares it's a losing situation for the investor. Please consider burning the re-purchased tokens, you would still always have the majority of tokens and they would be worth more and the more you burn, the higher percentage your 29,000,000 tokens represent (or whatever the final number is after all marketing and costs). You would still achieve your goal of owning all tokens eventually. Thanks for listening/considering. Regards, Dave |
|
|
|
The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).
Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens. Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit. They won't be re-sold no. Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges? I will hold them.
I am looking to be listed on exchanges but there's a few more things that need completed before I can make the applications.
Hopefully that will be taken care of by the time the main sale starts.
Hi Dean,
I'm very interested in your re-launch/ico. Could you please go into more detail on the mathematics on future buybacks, after the first one?
How will the buyback price be determined on subsequent quarters - for instance, if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - will the next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?
Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?
If Betking is buying back with bankroll profits, will the investors that hold their tokens benefit from doing so?
Thanks,
Daveif the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - with then next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?
Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?
Surely: when shares are purchased they stop being owned by the seller, and start being owned by the buyer. If Dean buys 5 million shares from investors, Dean will have 5 million more shares than he had before, and so will get an extra 5% of the profit. Investors will get 5% less of the profit, but individual investors who don't sell won't be affected by those who do.
Thank you for trying to answer, but I think you're missing my point.
If the buyback is being purchased from the bankroll profits that all investors share in, but the shares are only going to Dean/Betking - then I see an issue, especially if future profits are still divided by the full 100,000,000 shares.
While the bankroll will be reduced by 5% in this case, all those shares that are bought back are going to Betking and not the remaining investors.
Maybe I'm not understanding, or I'm missing something - hence the reason I'm asking.
Thanks,
Dave
I'll forward this question for Dean to answer when he has a chance!
Hi Dean,
Wondering if you were forwarded these questions by BetKing Support and if you could address them. I highlighted my messages in bold for ease of reading.
Thanks,
DaveHi I saw the question yeah but I thought dooglus answered it. The buy back price will always be profit divided by 100,000,000 as there will always be that many tokens. No tokens will be burned. Eventually I will hold all tokens at some time in the future, depeding on when holders want to sell. Hope that clears that up Thanks Then it seems that you have quite a racket going. Betking will be taking the cumulative investors' profit to buyback tokens, reducing the bankroll, then Betking alone will be accumulating profits on those tokens to infinity with no benefit to remaining token holders. Eventually, Betking will have purchased the majority of tokens back with investors' money (Bankroll profits) - in essence diluting remaining token holders since Betking retains the re-purchased tokens and earns all future profits on those tokens. Sounds like it's good to be Dean / Betking. If I'm misunderstanding, please let me know. |
|
|
|
The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).
Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens. Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit. They won't be re-sold no. Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges? I will hold them.
I am looking to be listed on exchanges but there's a few more things that need completed before I can make the applications.
Hopefully that will be taken care of by the time the main sale starts.
Hi Dean,
I'm very interested in your re-launch/ico. Could you please go into more detail on the mathematics on future buybacks, after the first one?
How will the buyback price be determined on subsequent quarters - for instance, if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - will the next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?
Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?
If Betking is buying back with bankroll profits, will the investors that hold their tokens benefit from doing so?
Thanks,
Daveif the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - with then next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?
Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?
Surely: when shares are purchased they stop being owned by the seller, and start being owned by the buyer. If Dean buys 5 million shares from investors, Dean will have 5 million more shares than he had before, and so will get an extra 5% of the profit. Investors will get 5% less of the profit, but individual investors who don't sell won't be affected by those who do.
Thank you for trying to answer, but I think you're missing my point.
If the buyback is being purchased from the bankroll profits that all investors share in, but the shares are only going to Dean/Betking - then I see an issue, especially if future profits are still divided by the full 100,000,000 shares.
While the bankroll will be reduced by 5% in this case, all those shares that are bought back are going to Betking and not the remaining investors.
Maybe I'm not understanding, or I'm missing something - hence the reason I'm asking.
Thanks,
Dave
I'll forward this question for Dean to answer when he has a chance!
Hi Dean,
Wondering if you were forwarded these questions by BetKing Support and if you could address them. I highlighted my messages in bold for ease of reading.
Thanks,
Dave |
|
|
|
if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - with then next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?
Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?
Surely: when shares are purchased they stop being owned by the seller, and start being owned by the buyer. If Dean buys 5 million shares from investors, Dean will have 5 million more shares than he had before, and so will get an extra 5% of the profit. Investors will get 5% less of the profit, but individual investors who don't sell won't be affected by those who do. Thank you for trying to answer, but I think you're missing my point. If the buyback is being purchased from the bankroll profits that all investors share in, but the shares are only going to Dean/Betking - then I see an issue, especially if future profits are still divided by the full 100,000,000 shares. While the bankroll will be reduced by 5% in this case, all those shares that are bought back are going to Betking and not the remaining investors. Maybe I'm not understanding, or I'm missing something - hence the reason I'm asking. Thanks, Dave |
|
|
|
The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).
Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens. Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit. They won't be re-sold no. Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges? I will hold them. I am looking to be listed on exchanges but there's a few more things that need completed before I can make the applications. Hopefully that will be taken care of by the time the main sale starts. Hi Dean, I'm very interested in your re-launch/ico. Could you please go into more detail on the mathematics on future buybacks, after the first one? How will the buyback price be determined on subsequent quarters - for instance, if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - will the next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000? Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors? If Betking is buying back with bankroll profits, will the investors that hold their tokens benefit from doing so? Thanks, Dave |
|
|
|
|
The reason that I am getting into it is because I saw an article about the price of bitcoin - as I'm sure many newbies did.
I remembered that I had a small amount of bitcoin in a coinbase account that I created about a year and half ago. I logged in and saw that my balance was about 6 times the original amount.
I recently quit my job and am looking for some passive income. This will not be my only income - just supplemental.
The money I'm putting into my rigs is all from two real estate sales profits from earlier this year.
I'm going to build 6 rigs. I'm considering selling 2 or 3 of them to reduce my cash invested and mine various coins and let them just accumulate.
I don't believe it's too late to start. There are over 700 currencies, so there is opportunity.
I do wish I had started back when you did, but circumstance back then wouldn't allow the investment.
Congrats to you on your success.
|
|
|
|
|
I did do a search for my specific motherboards - and there weren't many conclusive or similar instances. Should have been a clue that not many people were using them.
I did not search, however, for a list of motherboards. Thank you, I'll look for the list.
It's not necessary to be condescending. Please just pass on the post rather than try to make someone feel like an idiot.
Welcome to the forum to me.
Good day
|
|
|
|
Well, I may have messed up. I am planning on building six rigs - 6-GPUs each. All GPUs are GTX 1060s The motherboards I ordered are: (5) ASRock H270 Pro4 LGA 1151 Intel H270 HDMI SATA 6Gb/s USB 3.0 ATX Motherboards - Intel www.newegg.com/Product/Product.aspx?Item=N82E16813157735and (1) ASRock H270M Pro4 LGA 1151 Intel H270 HDMI SATA 6Gb/s USB 3.0 Micro ATX Motherboards - Intel www.newegg.com/Product/Product.aspx?Item=N82E16813157735I have yet to order the processors, if that is important to answering the following question. Will these motherboards be able to support 6 GPUs, with appropriate risers - or did I get the wrong type of motherboards? Thank you, Dave |
|
|
|
|
