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Author Topic: www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!!  (Read 208152 times)
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DailyModo (OP)
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March 24, 2016, 03:46:46 AM
 #21

IS THIS LEGIT?? WE NEED SOMETHING LIKE THIS.
sorry for caps, devs, show us your main address so we can see the total invested. also, some real life info would be nice, so we have a face to the $$ we are putting in. otherwise, good luck with your scam

This is legit, as you can tell by the working site. If you wish to see the addresses, you must sign in, click invest and then click on the big red box that says "ledger".

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DailyModo (OP)
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March 24, 2016, 03:48:38 AM
 #22

So if crowdfunding gets you $45.000, you'll be willing to give 5% of profits. Say you can make $1000 a week  ... You'll pay whooping $50 to all investors? LOL
Yes, for $45.000 the payout would be 5% of the profits. Please keep in mind that this is a real online gambling business. We plan on making a lot more then $1000 a week.

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March 24, 2016, 03:49:10 AM
 #23

I'm not understanding how a business that hasn't proven itself (tip: giving people 'free play money' isn't representative of what you can expect) can value itself at $1m. Where is this valuation coming from? You're missing a LOT of information. This happens to be a niche I'm extremely familiar with, but I won't even think about getting involved unless you can start justifying this stuff, and I recommend anyone else do due diligence as well.

Hi, Thanks for the great question. Im not sure if you missed it or not but our second week of beta was only for real money betters. During that week we retained 161 real money betters who placed a total of $1187 US in bets of which the house retained roughly $175 US. With those numbers it wont be long for us to turn the site into a very big money maker. We are talking about a house gain of over 10% of the total wagered amount and all that without any advertising at all. We know our site is not finished, let's be honest, when is any site really finished. It's always going to need improving and we are not  standing in front of you today proclaiming to have the worlds fastest, nicest, most popular eSports gambling site ever seen, but with the right funding and a few months hard work we'll be able to do just that.
Between our team, our partners and you the community we will be able to earn us and you an nice extra income. Our partners have been selected for their experience in their particular field be it, video, or gaming, or both. We wont let you down and we wont let them down.

As you mentioned you happen to be extremely familiar with this field. We are always looking to expand our team and partners and if you have any such interest please send us a small blurb in a private message and we'll get the dialog going.

Thanks for you question and we look forward to more questions from you and the community.



I just can't take it seriously with that kind of valuation in its current state. It's ridiculous, and any true investor would back me on that.

If you decide you want a real investment, from someone who knows this area, I'll definitely reach out. But I can tell you right now it would be near impossible for us to even get close to $1m with the site's current state.

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March 24, 2016, 03:51:58 AM
 #24

hmm looks interesting..


kinda of confusing what exactly we are investing for.


also to everyone. if you register , what ever email you use , it will be the user name of the ledger. it drops the email domain :example if you registered with email "bob@gmail.com" , it will automatically sign your username as "bob".  each accounts basically creates its unique bitcoin address and there is a ledger section where you can see everyone else name and their address associated.

which is cool as its open and transparent. but it also a bit intrusive as i can just guess @gmail , @yahoo etc.. behind each name there..
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March 24, 2016, 03:55:19 AM
 #25

This looks really cool, ive been into esports gambling alot lately, a few questions though:

1) how do you plan to compete with sites like csgolucky.com

2)if i were to decide not to invest now (which im very interested in doing) what would the referral rate be?

1) Our buisness model incorporates and streamlines the best of other, similar sites features, we intend to incorporate their 'minigames' and create a full flushed casino that includes real casino games as well.

2) We will be having an announcement on that in the coming days. For now all I can say is it will incorporate a multi level system where you earn on your referrals and you earn on the referrals of your referrals.
More on this will be announced shortly.

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March 24, 2016, 03:58:35 AM
 #26

I'm not understanding how a business that hasn't proven itself (tip: giving people 'free play money' isn't representative of what you can expect) can value itself at $1m. Where is this valuation coming from? You're missing a LOT of information. This happens to be a niche I'm extremely familiar with, but I won't even think about getting involved unless you can start justifying this stuff, and I recommend anyone else do due diligence as well.

Hi, Thanks for the great question. Im not sure if you missed it or not but our second week of beta was only for real money betters. During that week we retained 161 real money betters who placed a total of $1187 US in bets of which the house retained roughly $175 US. With those numbers it wont be long for us to turn the site into a very big money maker. We are talking about a house gain of over 10% of the total wagered amount and all that without any advertising at all. We know our site is not finished, let's be honest, when is any site really finished. It's always going to need improving and we are not  standing in front of you today proclaiming to have the worlds fastest, nicest, most popular eSports gambling site ever seen, but with the right funding and a few months hard work we'll be able to do just that.
Between our team, our partners and you the community we will be able to earn us and you an nice extra income. Our partners have been selected for their experience in their particular field be it, video, or gaming, or both. We wont let you down and we wont let them down.

As you mentioned you happen to be extremely familiar with this field. We are always looking to expand our team and partners and if you have any such interest please send us a small blurb in a private message and we'll get the dialog going.

Thanks for you question and we look forward to more questions from you and the community.



I just can't take it seriously with that kind of valuation in its current state. It's ridiculous, and any true investor would back me on that.

If you decide you want a real investment, from someone who knows this area, I'll definitely reach out. But I can tell you right now it would be near impossible for us to even get close to $1m with the site's current state.

Please take it seriously, there are many ways to value a company. We know that with time and effort GameBet will be worth way more then the 1m ask. So many other projects with way less have raised much more and had much larger valuations. (lisk, eth, nxt ...) We believe our value is justified, we are coming in with a working product and some serious partners. We hope you will reconsider.

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March 24, 2016, 04:01:53 AM
 #27

hmm looks interesting..


kinda of confusing what exactly we are investing for.


also to everyone. if you register , what ever email you use , it will be the user name of the ledger. it drops the email domain :example if you registered with email "bob@gmail.com" , it will automatically sign your username as "bob".  each accounts basically creates its unique bitcoin address and there is a ledger section where you can see everyone else name and their address associated.

which is cool as its open and transparent. but it also a bit intrusive as i can just guess @gmail , @yahoo etc.. behind each name there..

Thanks.

You would be investing for 1 reason. It's to make money. The money used from your investment has been explained in our announcement.
We see what you are saying about the ledger list. John will get that looked into and changed first thing tomorrow.


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March 24, 2016, 04:11:27 AM
 #28

hmm looks interesting..


kinda of confusing what exactly we are investing for.


also to everyone. if you register , what ever email you use , it will be the user name of the ledger. it drops the email domain :example if you registered with email "bob@gmail.com" , it will automatically sign your username as "bob".  each accounts basically creates its unique bitcoin address and there is a ledger section where you can see everyone else name and their address associated.

which is cool as its open and transparent. but it also a bit intrusive as i can just guess @gmail , @yahoo etc.. behind each name there..

Thanks.

You would be investing for 1 reason. It's to make money. The money used from your investment has been explained in our announcement.
We see what you are saying about the ledger list. John will get that looked into and changed first thing tomorrow.



yeah i am sure it can easily be changed. luckily i decided to use a spam email and i saw the problem. I mean i used the spam email because the material can not be looked at with out an account. hopefully you can fix that then i wouldn't mind signing up with my email.


site looks nice thought. i like what i see. sure it it not pimped up and as shiny as others but im sure they can be fixed.


i know its in the OP but how is the connection to the sale and the rewards connected..

say i invest 1 btc, this will give me  [my amount invested/total amount invested] x100 = % from the 20mil coins.

once coins get distribuited. i log the wallet in my account on your site and provide a btc address as well. and while i hodl my coin i get rewards from the sites profits?

also what is the period of a cycle? one week, one month? 3 months?
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March 24, 2016, 04:12:28 AM
 #29

Ok im investing. Got to put my eth and maid profits somewhere.

Im in for 0.5 btc.

When will we get our gbt, when will the wallets be released, and how many gbt am I getting for my 0.5?

Maybe I should have asked this before sending in my payment.

oups.

Do I win a prize for being the first to invest?



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March 24, 2016, 04:41:18 AM
 #30

hmm looks interesting..


kinda of confusing what exactly we are investing for.


also to everyone. if you register , what ever email you use , it will be the user name of the ledger. it drops the email domain :example if you registered with email "bob@gmail.com" , it will automatically sign your username as "bob".  each accounts basically creates its unique bitcoin address and there is a ledger section where you can see everyone else name and their address associated.

which is cool as its open and transparent. but it also a bit intrusive as i can just guess @gmail , @yahoo etc.. behind each name there..

Thanks.

You would be investing for 1 reason. It's to make money. The money used from your investment has been explained in our announcement.
We see what you are saying about the ledger list. John will get that looked into and changed first thing tomorrow.



yeah i am sure it can easily be changed. luckily i decided to use a spam email and i saw the problem. I mean i used the spam email because the material can not be looked at with out an account. hopefully you can fix that then i wouldn't mind signing up with my email.


site looks nice thought. i like what i see. sure it it not pimped up and as shiny as others but im sure they can be fixed.


i know its in the OP but how is the connection to the sale and the rewards connected..

say i invest 1 btc, this will give me  [my amount invested/total amount invested] x100 = % from the 20mil coins.

once coins get distribuited. i log the wallet in my account on your site and provide a btc address as well. and while i hodl my coin i get rewards from the sites profits?

also what is the period of a cycle? one week, one month? 3 months?

More great questions! Here is an easy example for you and anyone else who might be wondering.
20m coins are up for sale. If 200 btc total is raised from 200 different people at 1 btc each then each investor would walk away with 100k GBT.
Once the sale is complete we will release the wallet and start distribution. At that point you will have the choice of either moving your GBT to your wallet or keeping it on our site.
If you keep it on our site you wont need to supply us with a GBT address for your cycle payments. Only a btc address will be needed. If you move it out you will need to update your GBT address on our site so we know where to look when making payments.

For the first 6 months our cycle will be on a quarterly basis(once every 3 months). As soon as that 6 months are over we'll be changing and going with monthly cycle.

Thanks for the great question. Hope it was answered to your satisfaction.



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March 24, 2016, 04:47:43 AM
 #31

Ok im investing. Got to put my eth and maid profits somewhere.

Im in for 0.5 btc.

When will we get our gbt, when will the wallets be released, and how many gbt am I getting for my 0.5?

Maybe I should have asked this before sending in my payment.

oups.

Do I win a prize for being the first to invest?

Your GBT will be distributed to you and everyone else on April 8th along with our wallet release. And your total GBT holdings will only be known at the end of the sale, so January 8th for that as well.
We have no prize for 1st place but because you invested roughly $208US you are entitled to the legendary tier perks for investment level 1.
That includes A golden nametag on the site, an extra 4% on your referrals and $10 in Steam silver.
Thanks for investing in us and giving us a shot.

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March 24, 2016, 05:11:26 AM
 #32

Very nice but the minimum to invest is high, can you lower it down?

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March 24, 2016, 05:27:16 AM
 #33

Very nice but the minimum to invest is high, can you lower it down?

what minimum?
its a bitcoin address.
you send.
what you want to send.



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March 24, 2016, 05:52:14 AM
 #34

waiting a week for this. Tell ya guys, it was worth the wait. Gambling with steam items is crazy. Selling them for crypties is even better.
and now earning a % of the pie is the offer. I'll bite. tomorrow i'll sell some of my other coins and invest here. i have a few that are way up in the green.
for a test I just sent in 15$ to gamble on a dota2 game this morning. betting $15 on avengers dota2 for the win against team bad English.


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March 24, 2016, 05:57:26 AM
 #35

You're not clear about something here, either... revenue share is related solely to the GB coin, right? So if someone doesn't pre-buy and they get some off the market later, they will still get a revenue share based on their holdings at the end of the 'cycle' as if they had pre-bought that many?

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March 24, 2016, 06:45:06 AM
 #36

Dailymodo,

Is it your next venture like the ones you had before?
I got burned in both cases and your name sounded familiar when I read the post.

https://bitcointalk.org/index.php?topic=623937
https://bitcointalk.org/index.php?topic=639835.0

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March 24, 2016, 07:03:50 AM
 #37

You're not clear about something here, either... revenue share is related solely to the GB coin, right? So if someone doesn't pre-buy and they get some off the market later, they will still get a revenue share based on their holdings at the end of the 'cycle' as if they had pre-bought that many?

Yes. If you chose to buy your coins on an exchange you will still be entitled to a payment if your address is registered.
 

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March 24, 2016, 07:11:18 AM
 #38

Dailymodo,

Is it your next venture like the ones you had before?
I got burned in both cases and your name sounded familiar when I read the post.

https://bitcointalk.org/index.php?topic=623937
https://bitcointalk.org/index.php?topic=639835.0



Hello.

As I stated in my bio, I have been involved with cryptocurrencies for a while. I have never made a coin and launched it before. I have never made a coin and someone else launched it before.
I made a few coins to test around with out of curiosity and to improve my knowledge of the blockchain and cryptos in general. Yincoin I was a major bagholder and offered to help out on a takeover. Its not my fault it never went anywhere. You should look at the dev who took off in the first place if you want to blame someone. And that harmony coin I was only an investor. And a major bagholder too. Still to this day.
I have lost money trading and made some too but until now I have always been one of you guys, just an investor going along for the ride. Today that all changes because my team and myself are at the lead and we intend to make this one very successful project, for us and for our investors.

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March 24, 2016, 07:15:19 AM
 #39

I have to say that 10% of profits to investors really is the thing that puts me off. Even worse if that is not reached and it stays at 5%, it feels borderline retarder to invest into something with such terms.
I know very well how lucrative the esports/sports betting is and where it can go. Theres great potential there and you have some very solid ideas but the investment profit share is just a no.

So lets say the 100k is raised and lets say the initial profit for the site will be 5k$ per month.
User A invests 10000$ He would then have 10% of the profit you give to investors.
This means:
10% of 5k = 500$
10% of 500 = 50$

He would make 50$ that month, by investing 10000$. So for a breakeven he would need 10000/50 = 200 months aka 16.6 years.
Now for the sake of it, lets double it. You make 10k$ a month profit, then the investor would need 8.3 years for a breakeven.

I am keeping these numbers low because it will take a lot of time to get to the level where the volume will really start paying off. (i know it is possible but it takes a lot of time)

In the world of gambling that is an eternity and in the world of e-sports also.

P.S I also didn't find in what country is the company registered. Is it on the site somewhere i must have missed it. Because if it is not registered then there's a whole other level of risk as you might just get shut down for illegal gambling.

P.S.2 Correct me if im wrong, math aint my strong side.
GoldenBTC
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March 24, 2016, 07:19:34 AM
 #40

What is Algorithm: POS 3.0 ?? Huh
Anything diferent from POS 2.0?

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