What happened to the 10% buyback of BKB tokens every 3 months? It now says this: If you opt in to sell a percentage of your BKB balance will be traded for Bitcoin on November 1st 2018 at the BKB price and Bitcoin exchange rate on November 1st. Half of monthly site profit will be bought back in total. Everyone who has opted in gets equal percentage of total amount to be bought back. Prices shown above are estimates. I've Opted in, but I don't think anything happened on November 1st. Is the 10% buyback entirely off the table now? It is now: * Monthly buybacks where half of the site profit is used to buy BKB * Quarterly buybacks where the minimum bought back would total to 10% for the past 3 months Quarterly buybacks are now entirely gone. I received an email labeled " Latest news, rebranding and BKB changes". In short: Half the profit will be used to buy back BKB tokens each month, and BetKing will rebrand from gambling to a Bitcoin bank/exchange. And under the name BitSafe they'll launch another ICO  I'd like to add a link, but can't find the email online. I'll quote the full email in code tags: Latest news, rebranding and BKB changes
Latest BKB changes
We have tweaked the BKB buy back model.
Each month we will take the total profit BetKing makes from bankroll profit commission, trade fees on the exchange and 3rd party commission for licensing software.
Fifty percent of this profit will be used to buy back BKB at the current buy back price.
The tokens we buy back or earn in fees over the month will be burned.
The buy back price is determined by:
Previous months BKB price + (monthly site profit in $ / total BKB supply)
BKB was snapshotted at $0.099 on 2018-10-21 00:00 with 20 million of 100 million tokens burned, leaving 80 million.
What can BKB be used for?
The token can be used to get 50% discount on Bankroll profit commission when you invest BTC, ETH or LTC in our Dice game bankroll.
BKB can also be used to get 50% discount on trade fees on the BetKing exchange
BKB can be used to pay for withdrawl fees when withdrawing BTC, ETH or LTC to your wallet.
BKB can also be used to play Dice and get rakeback and prizes in our leaderboard contests
BKB can be traded on our exchange for Bitcoin
Future of BKB and BetKing
BetKing will be moving away from gambling and rebranding to become a Bitcoin bank, exchange and payment processor.
We have already began work on this and we will launch in q1 of 2019. See https://bitsafe.io for more details and a working demo of the app.
Once the new site is live BKB will be converted to BTSC (BitSafe Coin) automatically using the exchange rate of both tokens at the time.
BTSC has similar utility to BKB in that it can be used to pay trade fees, merchant fees and any other fees on the BitSafe platform.
BitSafe will also use 40% of it's quarterly profit to buy back BTSC on the BitSafe exchange.
We believe these changes are best for BKB token holders and our future success together. I recall from memory many promises around BetKing's ICO, and many of them have been broken (for instance not reselling BKB tokens after buying them back, the quarterly buy backs, the promises to add more games, and more). I didn't believe the math behind the (lack of) details in the whitepaper from the start, but all details are fragmented in many different topics on this forum, and I don't have the time to dig it all up now. If I look at betking.io now, the chat is gone, the site looks worse than it ever looked, and it doesn't look anywhere near what was promised in the BKB ICO. My guess: Bitcoin dropped so much that BetKing can't afford the buy backs anymore, since the BKB price is fixed in dollars. Spending half the profit on buy backs is a joke, the site barely has any players. I remember Dean wanted something new when he closed BetKing, because he was tired of dealing with it. The site was profitable and trusted when it closed. It looks like Dean finally found a new project to work on, but he's largely destroyed his reputation in the process. So effectively means that scammer Dean Nolan is incompetent both in business terms and in any other sense of the word. |
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won big at this place and payed out instantly. I will be back Amazing that the scammer Dean Nolan did not learn his lesson. After throwing another tantrum and claiming he will leave the forum he is using multi-users to try to push his scam betking website to newbies and gullible people  Can you show proof? How exactly is it that you know this. Do you have mystical powers? It doesn't need to show some proofs because if you do try to look the history or the things been doing by Betking since from their ICO and its recent development.You would really have that question on mind on where those BKB go and now with their recent tie up with EOS which you can really presume things negatively.Try to check it out. I have that fool on IGNORE because he is behaving like he knows nothing but is after EOS tokens bounty from his friend scammer Dean Nolan All the evidence is here in the threads dedicated to betking scam and Dean Nolan scammer |
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 Managed to post this after a helper sent it to me (thank you) Well I guess the betking roadmap was just as pointless as scammer Dean Nolan was himself No apps, no new games, nothing but lies and scams |
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Ah here come the betking brigade to defend the scammer all in the hope scammer Dean Nolan just might throw some uselss EOS token bounties their way At least another fool can be added to my IGNORE list |
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I wonder how long it will be before scammer Dean Nolan comes back to this forum after saying he was leaving... again |
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won big at this place and payed out instantly. I will be back Amazing that the scammer Dean Nolan did not learn his lesson. After throwing another tantrum and claiming he will leave the forum he is using multi-users to try to push his scam betking website to newbies and gullible people |
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won big at this place and payed out instantly. I will be back Scammer Dean Nolan is using multi-accounts to return to the forum after he said he would leave. Beware of betking as investors or as players and avoid scammer Dean Nolan at all costs |
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won big at this place and payed out instantly. I will be back So it is clear scammer Dean Nolan is using alt-users after he said he was leaving this forum (again) |
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won big at this place and payed out instantly. I will be back Scammer Dean Nolan is back with another multi-account to push propaganda. A new that seems to know it all |
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I played today and won a lot and these guys paid me instantly are you sure? A newbie account that is created specifically to ask a question about betking here when it should be asked on their live chat? Then a different account comes along with screenshots to answer and pump up the thread with positive connotations. Scammer Dean Nolan is behind the account, if not directly then the lure of useless pathetic bounty certainly is Anyway, I have added you to my IGNORE list |
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Prior to the hack when i used it there was no requirement for KYC. I haven't used it since the hack and it is quite possible that they have changed their policies to be more stringent
I do not see it as a good move for anybody to trade, better to get your coins out as soon as they are able to then use another exchange. Better to be safe and avoid Cryptopia until concrete announcements are made about what happened and who might have done it along with "how" the hack took place. With all that information on hand users can decide if they want to use Cryptopia again or not. |
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There are so many reports about it already, this should be taken into custody, freeze their accounts and investigated properly. There are already findings that affiliates records are already deleted. Referred players have been wiped out from affiliates. New affiliate system introduced and all referrers are going back to zero.
I never heard that was still going on. Very reputable forum members had their fingers burned when dealing in affiliates with scammer Dean Nolan in the past (pocket rocket casino and betking in early days) but I had no idea was still a recent or ongoing thing. Thank you for sharing the information. |
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You need to give us more info about. If you are "close" to contract, you probably know what is the card-provider name and when is the expecting starting date. in the past you have given us a lot of "soon" ongoings, which in reality was quite different.
We will provide you with all details as soon as will have approved information. Will it be a another system like the Upaycards or will it finally be what was promised in the whitepaper: "All MinexPay cards are issued by our own offshore bank with an international license (category B), established and managed by MinexSystems.” Please elaborate |
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I will never use Cryptopia again. No longer trust them and anyway they were hardly the best when it was active before the "hack"
After all, using Cryptopia only if I have altcoins listed only there, exchange it and withdrawal immediately. it will take a long time to gain confidence again Agree with you. Cryptopia might never regain the trust of the community again |
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I wonder who this thread is for?
It's not for ICO token holders. I speak with most of them on Telegram. They understood what they were investing in and know it's not a scam, in fact, many people are happy with the roi so far and the huge improvements being made on the site.
This is just a thread for a bunch of idiots who were not in the ico, have no intention of ever owning tokens, who don't know anything about BetKing or the ICO or how businesses work.
Just people who refused to listen to the answers I gave a hundred times and instead chose to listen to a bitter, jealous moron who has had hatred towards me and BetKing for almost 5 years.
So yeah, the thread is locked due to trolls and people incapable of listening to me. I'll unlock to post updates now and again. Though bitcointalk isn't where we get most our audience so not sure how frequently.
Have fun in here speculating and posting shit you have no clue about. It doesn't affect BetKing or investors.
i joined the ico bounty had your avatar and banner for weeks... sent you a message 2years ago and never got a single reply.
this doesn't make you a scammer ofc. but when you do shady shit like locking the thread "because you don't want to deal with the same questions already asked" it makes you look like one.
you may expect people to dig through old post or find it. but people are not like that, people are lazy and dumb. its called customer service if you don't want to this work hire someone.
but you allowed this doubt to build. i have given you bad reviews to 10+other people just because i was ripped of in the bounty. one message from you and it would have changed that. and you are ignoring hundreds of response because you dont want to deal with it. so what do you expect their opinion of you is going to be.
your investors may be happy with roi. but they could have alot more earnings, you're harming your own brand, you don't project your self as a professional. and i don't see any future growth for your investors if you continue to act like this.Scammer Dean Nolan was driven by the greed of instant wealth an ICO would give. He did not care about anything else. |
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Scammer Dean Nolan claimed he would leave the forum but today he deleted the above post from his censored thread. He deleted it at the same time a newbie joined the forum specifically to ask a question instead of asking it on the chat service on the betking website. Furthermore another user with screenshots was ready to answer the question Pathetic fools |
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Damn. There are multiple threads regarding this controversy in this forum and this fight between Jolly and Betking clearly does not look like it will stop anytime soon.
This topic just keeps getting interesting as the days pass by. Hope you are enjoying the ride. Scammer Dean Nolan has thrown a tantrum and left the forum (again). Let us wait and see how long it is before he comes back with his tail between his legs with several multi-accounts to back himself up. |
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. . .
snip
. . .
If you look for an honest, trustworthy guy search for RHavar's comments on the forum regarding BetKing.
I remember RHavar's post regarding a plagiarism issue which is indeed a very serious offense. The issue here is that most of his mistakes are after returning the funds. Sure, he closed down the site and returned funds but are we praising him for just giving people their own money back and ignoring everything bad he has done and will possibly do in the future?
We should never forget his mistakes but at the same time we should also take in consideration the good things hes done before. Probably use means wherein he would not have the full control to investors money, I don't know if he is using an escrow with this new investment system. Thats the hardest part when you do already realized when its too late.You already messed up your reputation even you do already trying your best to rebuilt it but the trust wont really be the same for sure.
When you messed up, you live with the consequence of what you've done but never run away from it. Scammer Dean Nolan has been exposed as a serial scammer and there is really no way anybody could be defending him. |
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Nice article in the link that starts with the words: " Scams are not born equal. Some scammers are what you can describe as daring capers in that they go all the way to steal from as many people as they can and while at it do everything possible to protect their scams as we shall see with Minexpay." |
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https://medium.com/@minecoinorg/minexpay-card-program-update-fe471cfaba92So they are now putting out this nonsense in their censored thread trying to buy time " Our payment system partner, U-Pay card, has received multiple queries about the MinexPay project and has thereby decided to put MinexPay card program through an in-depth due diligence procedure.
Unfortunately, that means that we have to briefly pause the MinexPay card program as it is, while we are undergoing the due diligence procedure. The already activated cards with filled fiat balance will continue operating in full (using funds already converted to fiat), but the new crypto-to-fiat conversion requests are temporarily not accepted.
Currently, we cannot tell how long the due diligence process may take, but we have provisioned two options to ensure your control and ability to use funds that are kept in your Minex Web Wallet.
Firstly, you can connect your usual banking card to the Minex Web Wallet. Please make sure that it is issued in EUR/USD or that your bank supports an automatic conversion to the card’s currency before the conversion. This card will have Standard tier features applied to it with the minimum conversion amount of 150 EUR/USD and maximum conversion amount of 1,000 EUR/USD (Gold, Platinum and Infinity tariff plans will be available after the initial card program is resumed). For now, only one transaction a day will be allowed and the conversion will be supported only from BTC to fiat. If you wish to attach your card to the wallet, please send your request to cardssupport@minexsystems.com and mention your card’s currency, number, expiry date, and name on the card.
Secondly, we can send fiat funds after conversion as a SEPA wire transfer according to your payment details. In this case, the minimum conversion amount is 250 EUR, and the maximum one is 2,500 EUR. To get your funds transferred using SEPA, please attach your bank account to the Web Wallet by sending a corresponding request to cardssupport@minexsystems.com as well.
We want to stress out that these measures are temporary, while MinexPay is undergoing the in-depth due diligence procedure with U-Pay card. We are going through this process without any worries, as we have another opportunity to prove that our product is ready for the real world users, in terms of its transparency, security, reliability, and trust.
Follow our media to keep yourself updated."
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