Hey guys, here to answer some questions and also give you an update.
Firstly, I'd like to shed some light on another one of our key features that hasn't really been mentioned much in the thread. Part of the reason is it's yet to be fully developed to a point where it assists our power users. What one needs to notice about in-game economies and its depth, when looking from the point of view of someone vested into cryptos, is the fact that Steam has an active economy that is filled with speculation, trading and exchanging just like crypto-currencies are. In game items such as guns, keys and so forth and often traded for hundreds of dollars and lay the foundation for Steam's economy. It is incredible to see that Steam could kick start an industry that runs into the hundreds of millions of dollars with just pixels on the screen. One of the key deposit mechanism apart from the bitcoins are these very items.
Coming down to items, there are two main things one needs to notice (both in relation to our marketplace)
1. Our marketplace facilitates users choosing their own prizes.
If you research upon existing betting platforms, you will see that the platform chooses random items from the prize pool and gives it to the users. With Gamebet - Steam Silver facilitates a marketplace that allows users to purchase whatever items they'd like from the marketplace. This transfer of choice is a big deal when you look at the fact that a large number of existing platforms often hand out items that are illiquid in Steam's marketplace. This "power" of choice is a key feature of what differentiates GameBet from other platforms.
2. The marketplace permits users to sell items for Bitcoin (still being developed).
Users who wish to wait to receive Gold for their items rather than Silver will be allowed to sell their items peer-to-peer for Gold. Later, this inventory system of choosing what is done with your items (instantly selling it for Steam Silver, listing it in our market for Gold, or even auctioning it off) will play a huge role in diversifying our market. This is not mentioned earlier as its not at the crux of our business model, but will play a crucial role in user retention and intermingling of users from both the crypto-sphere and the gaming world. For the first time, you have a system that permits Steam items to be bought with Bitcoins but also focuses on ease of liquidity for users. Sure there are other platforms (opskins, bitskins etc) that focus solely on the market front and we will grow to compete with them, but if anything - this is just "one" aspect of a multi-faceted site.
Our product has been built post extensive involvement with both the gaming world and the crypto-sphere and this gives us an edge in comparison with most projects. One thing that has been lacking so far (and will be of importance) is marketing. We are actively looking for people with real life experience in promoting projects of this nature and on-boarding them. So in case you are interested, feel free to reach out at
dailymodo@gamebet.gg.
Synergy is at the crux of our style of business and we'd be glad to partner up while aiming at rampant growth and profitability. This is the last 24 hours to purchase GBT directly from us. After the sale ends if you want to get in on the action, you'll need to purchase your GBT from an exchange.
YoBit is a great choice Daily. Will you be buying the 0.5 btc listing which includes an email to all their members?
That is corect, we would like as many people as possible to be aware about GameBet once the coin can be openly traded.
Are the returns (your % of the profits ) linked to the coins/tokens?
I mean say you sell your gamebet coins on exchange after launch and you have no gamebet coins left. The new purchaser of these coins now gets the returns on the profits ?
How does this work? or are the coins totally unrelated to the ROI and how is that paid out? in btc?
Yes, your holdings directly correlate to your % of the profits. If you sell all your coins away, the new purchaser will be receiving a share of the profits. ROI will be paid out one of two ways: you will optionally be able to bind a BTC address to your account to receive an automatic pay out for your GBT holdings, or if you choose not to bind one you will receive GG instead (which can be then withdrawn at your conveinience as BTC).
...
You can either keep them in the website i think it has been mentioned and receive the dividends depending on how many coins you hold ,
or you can link a specific address inside your game account that the coins will be paid into
the amount of coins will determine how much of the profit you earn, tied to an address you have provided , if your address isn't linked inside gamebet.gg i dont think you will earn anything, so coins on exchanges likely wont get anything.
althou i would be interested in what happens if say only 75% of coin addresses re listed as some people have moved coins , would the 75% get all 100% dividends for that month or so , or only 75%
The systems denominator in determining how much a person owns will be the sum of all known GBT within the system. When I say "known within the system," I mean either the site holds the GBT or it is on an address the system knows about because a user proved they own the address by signing a message. If you are holding your funds in an exchange and not your wallet, there is no way to prove to our system that you own these funds because they are held by an address you don't own and therefore it cannot be accounted for. Please let me know if this is unclear and I'd be happy to clarify further if there are still uncertainties.
Hey I have another couple questions that have probably been answered: after the crowdsale ends, how long until a personal wallet is in place? and does the stake amount dilute the share value on payouts? and lastly when is the planed launch on yobit?
~im pumped to be a part of this project. I see lots of potential in your business plan and for early investors like me! and you added hockey which is making me actually want to bet and use the site
.
The on-site wallet on the site will be available on the site within 24 hours of the sale ending. We will also look to contact any users who have rewards such as Steam Prepaid Cards. We will contacting YoBit this Friday and we hope to be trading by Monday based on their statement of "1 working day."
Holy shnikies. I just realized you can stream the hockey matches from the site too. That's so cool! Great job devs!
it doesn't work for me
This feature is still experimental so it may work for some Hockey matches but not for all. We'll post an update once it's fully ready
The other day i noticed that the profit sharing on the home page had been changed to:
< $50,000.00 - 15%
$50,000.00 - $74,999.00 - 22.5%
> $75k - 30%
Now it has been changed to
< $50,000.00 - 15%
$50,000.00 - $99,999.00 - 22.5%
> $100k - 30%
Am I the only one that noticed this?
This is correct but it was a typo that we corrected asap. It has been made clear numerous times from the start that our goal for this sale was 100k, therefore it should make sense that it is the top bracket.
