You do realize that the bankroll funds are also being refunded along with the ICO funds yeah?
85% of the bankroll investors were also ICO token holders. All of them know what happened. All of them have been seeing refunds since.
Most of the money refunded from 2019 until recently was to the bankroll investors.

I don't owe you any details, you are not an investor in the ICO or of the bankroll after the ICO (didn't you make money on BetKing pre ICO?)

What do you believe my end goal is by trying to refund investors out of my own pocket?
Surely regardless of what you think of the site before now, investors getting their money back is a good thing no?
Almost no other ICO or hacked site would do that.

I'm only trying to do a good thing here and you and the other trolls shit on it as usual.
Obviously it's a total waste of time me posting or giving updates here at all.

I've posted enough here over the past few months that I wouldn't reach any other investors who haven't already contacted me anyway (way over 95% of the total funds are in contact) so there's no real point in continuing here.

Have fun.

Just to quickly correct, that was not ICO giveaway or anything to do with BetKing. That was my own money I gave away.
All the blockchain transactions were posted online and some of the charities even confirmed it publicly at the time.

I don't owe anything. This was not a loan. I am not in debt to anyone. I do not need to pay anything back.
There are always risks when investing. BetKing is not the first business to lose money.

In fact overall, BetKing has made investors far more money that it's lost over the years (even some of the ICO losses were from profit investors gained pre ICO) and you and everyone from back then know that.

I am choosing to refund the remaining investors still in a loss out of my own pocket (which has totaled 6 figures so far) because that's the kind of person I am.
I don't like to have people lose money when backing me.

But, if interested, you could have read the 1st post in the thread or a few posts back where I gave the total:

"investors still held over $2 million worth of tokens that we we're trying to refund"
of $6 million raised in the ICO (do the math there and you will see over half of investors broke even or profited)

You are right that the reputation flags here could put people off. I have no control over that.
The alternative would be to launch anonymously under a new account. I don't want to do that and would rather be transparent.

Thanks

Yeah it's a similar concept. It's something I spoke of doing for a long time. The original PRC (former BK) was similar where people could be the house and open their own blackjack tables etc.

You know yourself that Moneypot was pretty limited. There's a lot that can be improved from lessons learned over the years.

Conditions won't be confirmed this early yet. But you know on MP the profit was split between casino operator, MP and bankroll investors.
We will likely do something similar. I don't know if we will do profit split based on EV/Wager or on actual NGR yet either.

This won't be launched until the new year but I will post some progress updates before it launches.
People are welcome to post feature requests here and I'll see if we can incorporate any of them.

I am now thinking of offering an API service for anyone who wants to launch their own casino that doesn't have the bankroll so they can set up their own sites and not have to worry about bankroll, security, payments, accounts etc.

It would offer Dice, Crash and other house games as well as ability to set up bonuses and chat communities.

It's true that you can't verify that payout amount and I can't just post blockchain tx id's because that is a violation of old investor privacy.
Some have posted in the forums they received some payouts. I suspect others will in future, especially when they see a large % or the full amount refunded.
But not everyone will. What you will see is more people posting they received payouts than people claiming they did not.

As for relaunch, I am now thinking of offering an API service for anyone who wants to launch their own casino that doesn't have the bankroll so they can set up their own sites and not have to worry about bankroll, security, payments, accounts etc.

This is not a statement to entice investors, we wouldn't need investors for a new bankroll if we were to open to players.

I wouldn't be happy to sell the website domain at this time as it's used for email communications with old investors.
I am willing to sell a copy of any software used on the site in the past to anyone interested, funds from any sale would go towards investor refunds.

This thread will be updated in an attempt to notify investors who purchased BKB during the ICO in 2017 that may not be in the Telegram group or receive emails.

Quick history:
We launched an ICO in 2017 that raised $6 million.
When we closed the last time, investors still held over $2 million worth of tokens that we were trying to refund but couldn't due to the site not able to turn a profit.
The other investors had sold their tokens in the old buy back program (some made a profit) or were refunded in other ways since then.

We are now in a better place to start refunding the remaining token holders.

The https://betking.io website went live in July for investors to withdraw refunds, it is not open to players or deposit. $70k has been refunded to investors so far.

You can read about the refund process here https://betking.io/token (the method may change depending on feedback)

At this time there is no way for any players to deposit and play.
We don't have time to run BetKing as a casino at this time.

We may open to deposits and add extra games in future if we can find someone to run and market the site.

All BKB holders who had an account and tokens on site after 2019 (after the last software update) are automatically receiving refunds from the pool.

If you have tokens in your own wallet (not on an exchange) or have lost access to your account please email support@betking.io for help.

It would be a waste of time since you destroyed the reputation of BetKing on this forum with false scam accusations and very good SEO techniques   .

The competition is too big now too. It was over 6 years ago that BetKing was on top. It's not possible to compete with sites like Stake who have billions of $ for marketing.
It would be an uphill losing battle at every step.
I also have no desire to operate a casino any more. That is not an easy job to do with the amount of abuse you receive as any operator here would be able to confirm.



It would be privately funded if I chose to open again. Not looking for new investors or any public bankroll model. I can get the funding no problem for bankroll. But that wouldn't guarantee the site being profitable due the issues mentioned above.

My time is best spent elsewhere where I can actually make money to refund investors instead of struggling with a brand damaged site. I spent too long trying that.



Of course I don't have $2mm to buy them right now, if I did or did have at any point in the past 4 years I would have already.
This is funds I am paying out of my own pocket from earnings elsewhere as I make them. Hence why it's "only" 44k refunded so far.

Keep in mind I don't need to do that, I have no legal obligation to do so, no investors were scammed. A lot of investors already made profit. Anyone who is refunded would actually make a profit due to the token price and ICO discounts. There's no other site operator who did an ICO that would do what I am doing.

The website is up as a way for investors to get refunds easier. Easier for me to distribute, and them to login and withdraw.
It's not up for players to deposit and play.

If I thought there was a chance old players would play and I had the time I would open it to players again and any profit the site made would just go to investor refunds.

If that was the case I would close the site the moment the last token was refunded.

I have no long term goal with the website or brand and have no interest in trying to make a profit with it.

For any investors who purchased BKB during the ICO in 2017 that may not be in the Telegram group or receive emails.

Quick history:
We launched an ICO in 2017 that raised $6 million.
When we closed the last time, investors still held over $2 million worth of tokens that we were trying to refund but couldn't due to the site not able to turn a profit.
The other investors had sold their tokens in the old buy back program (some made a profit) or were refunded in other ways since then.

We are now in a better place to start refunding the remaining token holders.

The https://betking.io website went live about 6 weeks ago with the purpose of being a convenient place for old token holders to receive refunds.

You can read about the refund process here https://betking.io/token

At this time there is no way for any players to deposit and play.
We don't have time to run BetKing as a casino at this time.

We may open to deposits and add extra games in future if we can find someone to run and market the site.

All BKB holders who had an account and tokens on site after 2019 (after the last software update) are automatically receiving refunds from the pool.

If you have tokens in your own wallet (not on an exchange) or have lost access to your account please email support@betking.io for help.

For any investors who purchased BKB during the ICO in 2017 that may not be in the Telegram group or receive emails.

Quick history:
We launched an ICO in 2017 that raised $6 million.
When we closed the last time, investors still held over $2 million worth of tokens that we were trying to refund but couldn't due to the site not able to turn a profit.
The other investors had sold their tokens in the old buy back program (some made a profit) or were refunded in other ways since then.

We are now in a better place to start refunding the remaining token holders.

The https://betking.io website went live about 6 weeks ago with the purpose of being a convenient place for old token holders to receive refunds.

You can read about the refund process here https://betking.io/token

At this time there is no way for any players to deposit and play.
We don't have time to run BetKing as a casino at this time.

We may open to deposits and add extra games in future if we can find someone to run and market the site.

All BKB holders who had an account and tokens on site after 2019 (after the last software update) are automatically receiving refunds from the pool.

If you have tokens in your own wallet (not on an exchange) or have lost access to your account please email support@betking.io for help.

He's basically saying: "gamblers lost $44k on my site already, come play with me so you'll lose more and I can pretend to be Robin Hood".
[/quote]

On a site that you can't deposit on?

This is such an obviously wrong take. This wasn't a scam. We didn't just keep funds. The funds raised (including > $1 million of my own) were used and the business ran out of money and had to close. It's as simple as that.

If we were just sitting on funds and decided to refund now, why would we not have done it when BTC was at 60k instead?

Just to correct a common repeated mistake in your post.
 
The ICO did raise $6 million.
$1 million of that investment was money I put in myself. I'm not looking to make that back.
$5 million came from other investors. Most of it was profit they had made from BetKing pre ICO, when we had a crowdfunded bankroll.

The amount we are trying to refund is over $2 million.
That shows the initial investors actually received almost $3 million back before we closed..
Almost all of those investors made a profit due to buying with 25% discount in the ICO. The tokens were bought back by BetKing at a higher price.

The refunds are for the unfortunate investors who never sold any tokens in buybacks or received any other form of refunds.

$2 million is a huge amount to be refunding out of my own pocket but it's certainly more probable than refunding $6 million, that people commonly mistake the number to be.

Last thing. There is no desire for me to open BetKing at all. It is currently closed for deposits.

The only way I would re-open it is if, and only if, there was a chance that a good portion of old players would return and it had a high chance of being able to make profit that could speed up investor refunds. This is obviously unlikely.
If we did open and the site made enough to refund investors, I would close it the next day.
I have no interest in making money from BetKing personally.

If you had an account in 2017 but didn't have a balance in your account in 2019 your old account will not work. You would need to make a new one and then prove ownership of tokens.

The rate is $0.09128 yes, that was the price of the token after the ICO ended. Most investors bought the tokens cheaper in the earlier stages of the ICO.

Hi, Yes you would be. It's likely that your account was not imported in to the new version in 2019 if it had no balance on site.
If you forward the confirmation email to support@betking.io we can help recover.

This thread is for any investors who purchased BKB during the ICO in 2017 that may not be in the Telegram group or receive emails.

Quick history:
We launched an ICO in 2017 that raised $6 million.
When we closed the last time, investors still held over $2 million worth of tokens that we were trying to refund but couldn't due to the site not able to turn a profit.
The other investors had sold their tokens in the old buy back program (some made a profit) or were refunded in other ways since then.

We are now in a better place to start refunding the remaining token holders.

The https://betking.io website went live about 6 weeks ago with the purpose of being a convenient place for old token holders to receive refunds.

You can read about the refund process here https://betking.io/token

At this time there is no way for any players to deposit and play.
We don't have time to run BetKing as a casino at this time.

We may open to deposits and add extra games in future if we can find someone to run and market the site.

All BKB holders who had an account and tokens on site after 2019 (after the last software update) are automatically receiving refunds from the pool.

If you have tokens in your own wallet (not on an exchange) or have lost access to your account please email support@betking.io for help.





Any posts that are clearly signature spam or that are just attacking without reading the OP will be deleted.

I'll give you a quick update and history of what happened.

We were the biggest crowdfunded dice site from 2015-2016 (Just-Dice had closed, we were never close to being as big as they were).
BetKing made investors 7400 BTC by the time we closed in Dec 2016.
All investors withdrew their funds with no issues (there was about 6000 BTC in the bankroll at that time, keep that in mind when you hear people say scam, there's proof on here of all investors withdrawing with no issues).

We decided to relaunch in Sept 2017 after doing an ICO. Why? Because an ICO gives us business funds to actually use on marketing and trying to grow the site bigger.
The 6000 btc previously invested couldn't be used for anything except as bankroll to accept bets.

We raised $6 million in the ICO ($1 million of that was put in by me).

Around summer of 2018 there was a huge smear campaign started on this forum, BEFORE anything had gone wrong with BetKing, claiming that the site was a scam.
It was clearly tactical and possibly done by competitors or someone who had lost on the site. Someone with SEO expertise if you look at the old posts. But it did put a lot of players off playing even if untrue.

Unfortunately, by Dec 2018 we had run out of ICO funds for a number of reasons that have been posted elsewhere and that all token holders are well aware of.
What is usually ignored is that token holders actually received over $3 million of the initial investment back by this point.

The smear campaign continued even stronger and investors were divided at this point and it made it almost impossible for us to do anything to actually recover funds.
We tried though. Some token holders even put extra funds in to the bankroll of the site so that we could continue.
Unfortunately there was a hack that lost a lot of these funds too. The code for the version of the site at the time of the hack was developed by hired developers.
However, I still admitted blame for failure to detect the hack either in review or testing.

That gave a lot more ammunition to the trolls/competitors that wanted to see the site die off.
Despite what you read, these people never cared about investors getting their money back. They wouldn't be on the attack as much as they are if they did.

At this time I couldn't see any way out of this or any way that investors would trust the site to put more funds in and felt forced to close in oct 2019 with the promise
that IF (and the trolls made this almost impossible) I were to have success in any other project in future that I would refund them personally (including ICO token holders).

I will point out that no players lost money here. We paid out as much of the balances as possible and then two other casinos helped with refunding some other players via affiliate bonuses.

2 years went past where I had potentially good projects to launch but with no ability to share with anyone to try and get investment or support as I knew the forums could damage any new brand faster than I could build it.

I decided in the end that it would just be better if BetKing was online than off and any profit at all was used to refund old investors even if it took a very long time.

So here we are. The site is online. The bankroll is privately funded by old investors who lost funds either in the ICO or the hack.
The profit made, while small at the moment, has been refunding old investors losses.

All previous token holders have access to a refunds page that shows the amount to be refunded, amounts currently refunded and some plans.
I see no reason for this page to be public considering there is no one on this forum who bought tokens or lost in the hack that hasn't already got access to this page.
All the scam accusation posts are made by people who didn't play or didn't invest and then everyone else just took their word.

We have plans to make the site better in 2022 (sports being one).
The current bonus system is better than all other casinos (50% of all losses/ev back with no grinding levels).
We won't get all old players back or convince everyone to trust the site.
New players will still get put off due to google results and seeing the lies on this forum.

What I find odd is that other sites who had hacks don't get the same treatment. There was a bustabit clone that got hacked and the owner said they would refund investors by taking no commission and everyone was fine with that. When I say the same it's nothing but abuse.

Then there's other sites that did ICO's and actually just stole millions of $ off their investors yet players continue to play at the site even though the owners have been ignoring investors for years and they get only a small fraction of the hate on here as we do.

But, BetKing it's still going and refunding old investors losses despite the hate and lies here and that's all that matters.