www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!!

[Bisquick]

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? 

[ontopicplease]

hey guys, I am new here. Is there a place where you can buy this coin for a couple of bitcoin? Or is someone willing to sell here?

[chickenfried12]

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.

  According to my rough math based on Primedice site they had 1880 bitcoin won in the past 24 hours... I used 1900 bitcoin as the amount wagered for 24 hours multiplied by 365 then by $420 and amount is about $300 million wagered per year.

[tr8kr]

For the loyalty reward program where i need to keep my GBT on the wallet or on the website ?

[Relaxedsense]

hey guys, I am new here. Is there a place where you can buy this coin for a couple of bitcoin? Or is someone willing to sell here?

Have a look at alcurex exchange, the coin just listed today. More exchanges are coming soon.

[jibble]

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.

[Dogedigital]

   According to my rough math based on Primedice site they had 1880 bitcoin won in the past 24 hours... I used 1900 bitcoin as the amount wagered for 24 hours multiplied by 365 then by $420 and amount is about $300 million wagered per year.

Yeah, I seem to have posted the wrong numbers about PrimeDice.  Just glanced quickly at some dicesites.com stats. 

[Dogedigital]

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.

I was just doing quick math.  Not trying to give a proper evaluation.  But I believe that from what I first read, GamebetGG was selling 10% of profits for 100k.  GamebettGG takes a flat 2% fee, so if they were to give that back at 10%, they'd have to raise $50,000,000 in bets in order to do so.

[chickenfried12]

   According to my rough math based on Primedice site they had 1880 bitcoin won in the past 24 hours... I used 1900 bitcoin as the amount wagered for 24 hours multiplied by 365 then by $420 and amount is about $300 million wagered per year.

Yeah, I seem to have posted the wrong numbers about PrimeDice.  Just glanced quickly at some dicesites.com stats. 

 Definitely a huge market that is not restricted to crypto or bitcoin...

[jibble]

I was just doing quick math.  Not trying to give a proper evaluation.  But I believe that from what I first read, GamebetGG was selling 10% of profits for 100k.  So if they were to give that back at 10%, they'd have to raise $50,000,000 in bets in order to do so.

For a 100% roi yes you are correct , but stating that for a valuation of the coin to be 5 times ico price it would have to take in a certain amount of money in bet's  . But no company or casino is valued in the way you have assumed and calculated .
 
value of assets and ROI % are completely different

[Dogedigital]

   According to my rough math based on Primedice site they had 1880 bitcoin won in the past 24 hours... I used 1900 bitcoin as the amount wagered for 24 hours multiplied by 365 then by $420 and amount is about $300 million wagered per year.

Yeah, I seem to have posted the wrong numbers about PrimeDice.  Just glanced quickly at some dicesites.com stats. 

 Definitely a huge market that is not restricted to crypto or bitcoin...

I'm not really arguing for or against GameBetGG.  I think it's definitely interesting.

Just trying to quickly let people know that they're not already making thousands of dollars in revenue as some people seem to think.  I believe right now they've made a few hundred since launch.  

It's got room to grow and expand, and people can make their own speculations on how much they believe that will be.

[jibble]

I'm not really arguing for or against GameBetGG.  I think it's definitely interesting.

Just trying to quickly let people know that they're not already making thousands of dollars in revenue as some people seem to think.  I believe right now they've made a few hundred since launch.  

It's got room to grow and expand, and people can make their own speculations on how much they believe that will be.

I am not really arguing for or against either just about the current information you supplied irrespective of the coin currently, But i agree with the sentiment , i would rather have a healthy growth rather than people jumping in and driving hype that will never be attained. having informed people investing if they so choose not feeling like they are missing out on the deal of the century because someone shouts it. It's still a gamble and a risk , like all other cryptos .

[Dogedigital]

I was just doing quick math.  Not trying to give a proper evaluation.  But I believe that from what I first read, GamebetGG was selling 10% of profits for 100k.  So if they were to give that back at 10%, they'd have to raise $50,000,000 in bets in order to do so.

For a 100% roi yes you are correct , but stating that for a valuation of the coin to be 5 times ico price it would have to take in a certain amount of money in bet's  . But no company or casino is valued in the way you have assumed and calculated .
 
value of assets and ROI % are completely different

I agree with you. Return on investment and value of assets are not the same.  

There were some people saying that 5x the ico price on the market was cheap.  I'm not going to judge whether it is or not (i haven't read too much into this project)... Just saying that if they buy in 5x the ico price, (without including steam sales and other income) they're going to have to achieve somewhere around the number mentioned before ($250,000,000 wagered) to reach a 100% roi like you said.

[Skyrik]

cann't staking lol said that coin is not growing

[tr8kr]

cann't staking lol said that coin is not growing

coin need 4 hours without moving before stacking happen

[Skyrik]

cann't staking lol said that coin is not growing

coin need 4 hours without moving before stacking happen

passed 7 hours

[Skyrik]

cann't staking lol said that coin is not growing

coin need 4 hours without moving before stacking happen

wow now is working 6-7 hours approximatly

[tr8kr]

cann't staking lol said that coin is not growing

coin need 4 hours without moving before stacking happen

wow now is working 6-7 hours approximatly

Have you crypted your wallet with a passphrase and reopen,unlocked it for stacking with this same passphrase ?

[Skyrik]

cann't staking lol said that coin is not growing

coin need 4 hours without moving before stacking happen

wow now is working 6-7 hours approximatly

Have you crypted your wallet with a passphrase and reopen,unlocked it for stacking with this same passphrase ?

yeap now stacking is  working fine  6-7 hours approximalty

[Zebedee23]

cann't staking lol said that coin is not growing

coin need 4 hours without moving before stacking happen

wow now is working 6-7 hours approximatly

Have you crypted your wallet with a passphrase and reopen,unlocked it for stacking with this same passphrase ?

yeap now stacking is  working fine  6-7 hours approximalty

weight may have just needed to grow some?