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Author Topic: www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!!  (Read 207495 times)
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Selsonblue
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April 11, 2016, 12:46:29 AM
 #1221

It would really be phenomenal if someone put together a step by step guide to registering your address for the payout.

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April 11, 2016, 12:48:18 AM
 #1222

Is the money we get from the loyalty reward program based off total coin supply, or is it based off the total coins registered to the gamebet site?  if there are 5 mill coins on an exchange that are not registered to  gamebet, and 16 mill coins that are registered to gamebet, will we receive the rewards of the 16 million, or the total coin supply of 21 million? 

Did you manage to ask the devs this in the meeting today. Id like to know to and the way it makes most sense for me is that if people have the coins on the exchange they are not entitled to get paid and we should get their cut.



also, Im sure the ppl that have their coins on the exchange wont be getting loyalty rewards, but i would still like to know if the rewards are based on total coins or registered coins.
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April 11, 2016, 12:49:32 AM
 #1223

so,.how to buy this coin ?

is there any exchange ?
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April 11, 2016, 12:50:53 AM
 #1224

Guys lets go Poloniex, That will be awesome.  Roll Eyes

people forget about Polo for now, its not gonna happen, they have only listed i think 1 coin i last 6 months or so, havnt even listed Decred and thats fukin massive!!!

Polo has their own reasons for not listing Decred. They have listed a BUNCH of coins in the last 6 months, among them EXP, which is a premined crapproject.

FOR RENT.
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April 11, 2016, 12:56:27 AM
 #1225

Officially staked for the first time.   Cheesy

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AltcoinScamfinder
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April 11, 2016, 01:37:45 AM
 #1226

so,.how to buy this coin ?

is there any exchange ?

Not really, It's on alcurex but that's not really a 'real exchange'. It will be on Yobit tomorrow I believe.

FOR RENT.
AltcoinScamfinder
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April 11, 2016, 01:38:00 AM
 #1227

Officially staked for the first time.   Cheesy

How much do you have, and how much did you receive?

FOR RENT.
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April 11, 2016, 01:46:05 AM
 #1228

Officially staked for the first time.   Cheesy

How much do you have, and how much did you receive?

i have stacked 10 times ^_^ 2.8 coins
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April 11, 2016, 02:16:32 AM
 #1229

Officially staked for the first time.   Cheesy

How much do you have, and how much did you receive?

i have stacked 10 times ^_^ 2.8 coins

You must have a lot of GBT if you already managed to get 10 blocks Wink
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April 11, 2016, 02:16:57 AM
 #1230

Officially staked for the first time.   Cheesy

How much do you have, and how much did you receive?

i have stacked 10 times ^_^ 2.8 coins

You must have a lot of GBT if you already managed to get 10 blocks Wink
near 200k
DailyModo
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April 11, 2016, 02:22:17 AM
 #1231

To answer some general questions (we'll get a FAQ up since these seem to come up a lot...)
Where can I get GBT?
Since the sale is over if you did not purchase any please wait until it's being traded on exchanges.

Discord?
It's like Slack. You'll like it, trust me. https://discord.gg/0wRLI5uAyHxScJBD
Reach out to us and join our community. We'll be building up the Discord in the days to come.

Is GBT and GG the same thing?
No. GG is obtained by depositing BTC/cryptocurrencies and is represented in USD value.

Will I receive rewards for my GBT if it's held not on the site?
If it's held on a wallet and you can prove you own the address via message signing, yes. This system will be built into the site in the upcoming days where you can register addresses that you own. For obvious reasons, the same address can only be registered to one account.
If it's held on an exchange, no. The reason is simple - you cannot provide us with an address that holds your funds and prove you own the address as it may be a mix of other peoples GBT as well.

Is our profit % based on total coins, or coins that are registered in GameBet?
It's based on the coins and addresses we know about. We only know about what is held in the on-site wallet and addresses that get registered via proof of ownership.

Is it possible to see the invested balance in some BTC account?
How do we know you are not re-investing with the investments from other members?


You can see all the investments on the ledger. Every night we sell the majority of the bitcoin that has come in during the day. We do this for a few reasons but the main 2 are because, we are offering perks to our investors that actually cost us money our of pocket (steam prepaid cards, steam silver ect) so we must sell right away to cover theses costs. The 2nd reason we sell daily is because we are not gambling on the price of bitcoin. We have expenses and bills to pay and most of them don't take bitcoin as payment. Holding fiat is much safer for us then holding bitcoin is and the last thing we want to happen is for bitcoin to dump $100 and we end up losing 25% on top of what we have to put our for the perks.

Thanks for the great question.

Considering the ICO got you 260 Btc, how much of that did the team already spend?

Also, how much was spent with incentives to get new users and with gambling bonus (prepais cards, steam silver etc).

What is the user aquisition cost at the moment?

Thanks for your time


Is this classified information or you just missed the post?
Still very interested in knowing this info, if possible.



Yes, I'm sorry this is classified at Top Level-8 Secrecy Level. Access denied.
Just kidding.

In regards to user acquisition cost, it's hard to say, since we haven't actively started our hardcore marketing yet (still waiting on UI). Once this is production we'll be keeping investors up to date on how our numbers grow and change.

In regards to what was spent in terms of paying investors for their rewards, I don't have an exact number on this as we have not gone through all the rewards yet. I'll be posting an estimate on this tomorrow.

Betting on esports with crypto's and steam items has never been easier.
CONTACT
dailymodo@gamebet.gg @GamebetGg
Relaxedsense
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April 11, 2016, 02:52:14 AM
 #1232

Officially staked for the first time.   Cheesy

How much do you have, and how much did you receive?

i have stacked 10 times ^_^ 2.8 coins

You must have a lot of GBT if you already managed to get 10 blocks Wink
near 200k

I just added 150k to the system, so expect some competition Wink
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April 11, 2016, 02:54:25 AM
 #1233

Woot! I staked as well. Man this is gonna be great. Don't have as much as you guys but still fun for a newb to Crypto Smiley
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April 11, 2016, 03:10:01 AM
 #1234



Is our profit % based on total coins, or coins that are registered in GameBet?
It's based on the coins and addresses we know about. We only know about what is held in the on-site wallet and addresses that get registered via proof of ownership.


imo this is huge,  hopefully most coin holders will move their stash to the exchange so i can receive a higher %  of those soon to be sweet sweet profits  Wink



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April 11, 2016, 03:29:40 AM
 #1235

To answer some general questions (we'll get a FAQ up since these seem to come up a lot...)
Can you reply where can we get wallet for OSX? There is no any .dmg files  Embarrassed
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April 11, 2016, 03:54:33 AM
 #1236



Is our profit % based on total coins, or coins that are registered in GameBet?
It's based on the coins and addresses we know about. We only know about what is held in the on-site wallet and addresses that get registered via proof of ownership.


imo this is huge,  hopefully most coin holders will move their stash to the exchange so i can receive a higher %  of those soon to be sweet sweet profits  Wink





yes very huge...  I assume some 30%+ will be in exchanges.


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April 11, 2016, 05:00:59 AM
 #1237

Use this link to sign up for GameBet and it will bring you luck!  Wink  https://www.gamebet.gg/?r=849
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April 11, 2016, 05:04:04 AM
 #1238

Anyone received their coins already ??
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April 11, 2016, 05:06:59 AM
 #1239

How long has the site been up and running? I ask cause I'm already seeing many games with 50-100 gg which I believe is the value of a dollar. In that case even at this really early stage they must be taking revenue in the 1000's of dollars which makes me wonder if I EVER want to sell these coins. I can see as this develops pots becoming thousands even tens of thousands. i hope the new UI doesn't completely change the UI as there is something already very compelling about it....don't over complicate it I hope.


Personally I think they shouldn't move to odds betting like 1/4 4/7 crap as many people are turned off by that kind of thing....seeing the pot and the percentage either side of the bet is far more fun for young gamers I think.

Quick glance math (not guaranteed to be accurate, do your own research)

Excluding steam sales:

To reach $1000 in revenue, $50,000 in bets must be collected.

To reach $1,000,000 in revenue (1m evaluation break even: 10% for 100k @ ico), $50,000,000 in bets must be collected (~120,000 Bitcoins worth) which PrimeDice (most popular and heaviest volume Bitcoin wagering site) just now passed after 3 years.

For people evaluating 5x ico, $250,000,000 (~600,000 Bitcoin) in bets must be placed.


That's not how you valuate a company or coin's which are hugely speculation driven are even harder to determine a value

Satoshi dice for example , when it took in $15 million of bet's , had made $500,000 in profit , had a valuation at the time of $8.9 million .



If you used that as a comparison , you could say , that if gamebet made 15 million in bets and made $500,000 in profits with a house edge of roughly 3.3% then the valuation of the coin would be $890,000 , possibly more considering satoshidice got sold in the same year for $11.5 million , so $1,150,000.

But again this wouldn't be accurate , because the model's are different , the site's offerings are different, the business is different , the coin offer speculatory value or potential loss of value .

anyone could do rough "calculations" against other similar ideas and get either good or bad numbers depending on what they are comparing it to exactly and what assumptions are made beforehand.







Remember if you try to make a valuation of Gamebet you don't base it on the value of the tokens like all crypto  traders tend to. Share price don't forget is based on p/e value. So generally speaking if it takes 15 years which is about average for a stock to earn back the value of the stock then the p/e is 15. If you think like this you will better see the valuation of Gamebet.
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April 11, 2016, 06:12:11 AM
 #1240




Remember if you try to make a valuation of Gamebet you don't base it on the value of the tokens like all crypto  traders tend to. Share price don't forget is based on p/e value. So generally speaking if it takes 15 years which is about average for a stock to earn back the value of the stock then the p/e is 15. If you think like this you will better see the valuation of Gamebet.

This is the point i was making , because it is a cross between a crypto coin / business idea thou , it is hard to get any real precise valuation and is something that hasn't been done much before previously , the whole company/passive income company core being a crypto . Mixed with speculatory chaos into the mix that is rampant in crypto, (could be argued is rampant in traditional stocks as well thou, or just flat out manipulation in their case)

So you can make it look good or bad depending on what criteria you use for the comparison to begin with.



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