[ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far

[lorylore]

I want to ask if the ICO raised more than 2000BTC, the Betking.io will still hold on to the 70% of the shares or they will release part of their shares to investors.

Regardless whether the ICO raise more than 2000btc or not, 30% of the share will be given to the investors. It is just that if the amount raise is higher, you will get less share because you contribute a lesser percentage. Similar you will get more if the amount is lesser.

[1714942675]

1714942675

[1714942675]

1714942675

[1714942675]

1714942675

[rezilient]

I will be keeping an eye on this ICO. It does seem strange that a site that has had 7000btc profit would need to start an ICO though so some digging is needed I think.

[Helix61be]

I will be keeping an eye on this ICO. It does seem strange that a site that has had 7000btc profit would need to start an ICO though so some digging is needed I think.

7000btc profit did not go straight to the owner because it was an investor backed bankroll that received there share.
If i understand correct the owner will make the bankroll private so maybe thats where his personal profit went.

[LoyceV]

I'm intrigued by this ICO and more in particular the possibility of having Cryptoshares. Or maybe a better word: a Stockchain. I did read you're not sure yet about how to implement it exactly, but I'd love to see this succeed, and hopefully this idea can eventually expand to many other stocks.

Regarding the second statement. You just have to trust me. I'm one of the most trusted members of the forum and have looked after 6000 Bitcoin of other peoples money for a few years now.

Is there a plan in case something happens to you? Let's hope not, but you're talking big money here. Even Satoshi suddenly disappeared from the forum.

I think 0.01 or 0.001 could be a good minimum amount. Would like feedback on that.
Also should there be refunds allowed in the 1st 3 weeks of ICO if > 2000 is reached?

I remember from Mt.Gox-data that many people owned very small amounts, and only a few people owned almost everything. I do like a low minimum, but I'd be surprised if the small investors make up even 1% of the total amount raised.

With the structure of the investment, Will you accept cancellations before Jan 1st for early investors?
That is my biggest issue, A BTC2000 investment makes a valuation of BTC6666 for the total site, A BTC5000 total investment means the site needs to be worth BTC16,667 to make it a break even investment?

I am not going to allow cancelations or refunds.
If the site raises more than the 2000 then that is more money to use on marketing and dev.
Which means products are released faster and more traffic is generated which means faster ROI.

I think it's clear that there's more money for new developments. But what "win win win" means (in my opinion) is that the ROI from buying 30% of the current dice site gets worse when more money is raised. Say someone invests 1000 Bitcoin. If 2000 Bitcoin is raised, he ownes 50%, meaning he'll get 15% of all revenue. But if 10,000 Bitcoins are raised, this guy's 1000 Bitcoin is only 10%, and he'll only get 3% of all revenue.
At any "traditional" IPO, the share price is fixed upfront, so you know what percentage of the company you're buying.
That's a bit confusing: you pay upfront without knowing what percentage you get.

I will be keeping an eye on this ICO. It does seem strange that a site that has had 7000btc profit would need to start an ICO though so some digging is needed I think.

The way I see it: after working on it for years, the owner wants some cash. He tried to sell it, but not many people who can afford it also want the "hassle" of running a dice site. That leaves very few buyers.
Now he sells 30%, gets to keep 70%, and still gets enough cash to start other projects. And he'll own those projects for 70%.

[tomkat]

Why there's no escrow for this ICO?

[puremage111]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

[tomkat]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

[lorylore]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.

[torikan]

This is the place where the wife is the casino.
Can always be invested with the sense of winning projects.
If you did not scam.

I think I'm investing in the smallest. 

[tomkat]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.

Well, there's no evidence for anything published in the ANN, so better safe than sorry.
Web archive has no copy before 2016, so there's no evidence the site was launched in 2013
https://web.archive.org/web/20130101000000*/http://betking.io

[tomkat]

This is the place where the wife is the casino.
Can always be invested with the sense of winning projects.
If you did not scam.

I think I'm investing in the smallest. 

Ebitz is now confirmed scam, so you never know
https://bitcointalk.org/index.php?topic=1699385.0

[Helix61be]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.

Well, there's no evidence for anything published in the ANN, so better safe than sorry.
Web archive has no copy before 2016, so there's no evidence the site was launched in 2013
https://web.archive.org/web/20130101000000*/http://betking.io

If you go to dicesites.com and press the date then you get the history:
Apr '13: pocketrocketscasino.eu
Jan '14: Invest in casino
Feb '14: Dice game
May '14: prcdice.eu domain
Jan '15: back to pocketrocketscasino.eu
Nov '15: betking.io domain

[Jungian]

Is this legal in your juristiction?

[tomkat]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.

Well, there's no evidence for anything published in the ANN, so better safe than sorry.
Web archive has no copy before 2016, so there's no evidence the site was launched in 2013
https://web.archive.org/web/20130101000000*/http://betking.io

If you go to dicesites.com and press the date then you get the history:
Apr '13: pocketrocketscasino.eu
Jan '14: Invest in casino
Feb '14: Dice game
May '14: prcdice.eu domain
Jan '15: back to pocketrocketscasino.eu
Nov '15: betking.io domain

Sorry, but my confidence is very limited if there's no Escrow.
There're too many changes, and ambiguous information, ie. pocketrocketscasino.eu launched in Apr 2013 but first snapshot in webarchive is March 2014
https://web.archive.org/web/20140101000000*/http://pocketrocketscasino.eu

and first snapshot of dicesites.com is Nov 2014
https://web.archive.org/web/20141113082619/http://dicesites.com/

Without Escrow this ICO is just too risky (at least for me)

[RedGolpe]

Without Escrow this ICO is just too risky (at least for me)

Just to understand, what difference do you see between trusting an escrow and any other site?

[ndnh]

What is the bankroll after a successful ICO - the funds from ICO or more? 1BTC investment buys a maximum of 0.05% share or 0.0005BTC per 100BTC wagered?
Any fee on profit or bets? How is the profit from slot games calculated?

Without Escrow this ICO is just too risky (at least for me)

Just to understand, what difference do you see between trusting an escrow and any other site?

An escrow is an escrow because he is trusted and has a long solid trade history. I believe OP is trustworthy, but I will prefer an escrow for 2000BTC if I am interested.

[AcoinL.L.C]

Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin

BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.

But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.

Well, there's no evidence for anything published in the ANN, so better safe than sorry.
Web archive has no copy before 2016, so there's no evidence the site was launched in 2013
https://web.archive.org/web/20130101000000*/http://betking.io

If you go to dicesites.com and press the date then you get the history:
Apr '13: pocketrocketscasino.eu
Jan '14: Invest in casino
Feb '14: Dice game
May '14: prcdice.eu domain
Jan '15: back to pocketrocketscasino.eu
Nov '15: betking.io domain

Sorry, but my confidence is very limited if there's no Escrow.
There're too many changes, and ambiguous information, ie. pocketrocketscasino.eu launched in Apr 2013 but first snapshot in webarchive is March 2014
https://web.archive.org/web/20140101000000*/http://pocketrocketscasino.eu

and first snapshot of dicesites.com is Nov 2014
https://web.archive.org/web/20141113082619/http://dicesites.com/

Without Escrow this ICO is just too risky (at least for me)

Dean's site has been a major player in the Bitcoin gambling sphere for a few years now. Right now Dean is holding thousands of BTC of customer funds without escrow. Escrow is absolutely not needed in this case.

[BestWebCreator]

What is the bankroll after a successful ICO - the funds from ICO or more? 1BTC investment buys a maximum of 0.05% share or 0.0005BTC per 100BTC wagered?
How is the profit from slot games distributed?

Without Escrow this ICO is just too risky (at least for me)

Just to understand, what difference do you see between trusting an escrow and any other site?

An escrow is an escrow because he is trusted and has a long solid trade history. I believe OP is trustworthy, but I will prefer an escrow for 2000BTC if I am interested.

I don't think an ICO is the right idea to achieve his goal. First he wants to sell his site and now he start an ICO because he couldn't sell his site for the price he wanted. Also he talks about if he exited what would happen, but if u exit and take all the btc, what are the guarantees?

[Mento]

A large number of ICO at the end of the year have a negative impact on investor activity. You offer a low percentage for the early investors. This will cause their low activity. I think but get 2000 will be very difficult.

[RedGolpe]

Without Escrow this ICO is just too risky (at least for me)

Just to understand, what difference do you see between trusting an escrow and any other site?

An escrow is an escrow because he is trusted and has a long solid trade history. I believe OP is trustworthy, but I will prefer an escrow for 2000BTC if I am interested.

So you trust an escrow because it is trusted. Same reason why several BetKing investors trust it.