Thank you for your reply, but in my opinion it is worthless and false.
Initial amount: 10 000 000 (10 million) tokens.
Only a maxiumum of 25% of the tokens (2 500 000) are available for the crowdsale, if ALL tokens are sold. So only a maximum of 25% of the casino's profit will be paid to ICO investors.
We've decided to allocate only 25% of the tokens for ICO since in comparison with other similar projects we are raising funds for definite transparent goals - the project further development and promotion. Besides, we are sure that the price of our tokens will increase several times once ICO starts. That is proved by our statistics for the last weeks - over $50 000 winnings have been paid and we've already made 2 payouts of dividends. Would you sell the major part of your shares if you were sure that it would bring great profit?
But that's not all. Another 20% of the funds collected during the ICO are the rewards for developers and initial investors of the project. I'm sorry to say, but you guys are really taking care of yourself!
Since our costs on maintainance of the system work and its development have already exceeded this amount of funds we think it would be reasonable to use them for meeting expenses.
You don't answer the question what you will do with the tokens that aren't sold in case of the ICO succeeded. Suppose 2 000 000 tokens are sold during ICO. The ICO isn't considered as failed in that case, but what will happen with the remaining 500 000 tokens? Will they get burned, or will they be owned by the devs also?
We've already written that ICO will be considered valid if at least $100 000 are raised. Tokens left in this case will be returned to the contract. Otherwise tokens will be considered destroyed since they return to the contract and the funds received will be returned to investors.
Another point:
Our nearest development plans:
To launch commercial banners and reviews advertisement of our project on web sources of gambling and cryptocurrency industry in the amount of $8 000 and attract first players;
Using experience of crypto-enthusiasts to implement all-side testing of «European Roulette» game and advance its functional;
To reduce random generation number time to 30-60 seconds and provide our players with more comfortable game;
To implement the first payouts of dividends to RLT token holders;
To realize “bounty” rewarding system for the first stage of the game promotion;
To organize and hold ICO;
To launch the affiliate program providing constant traffic of new players.
This isn't a development plan at all. It's only some plans to organize the ICO. Why don't you have a real development plan which explains what your plans are with the casino (like building an smartphone app, hire a graphical designer, etc.
I planned to buy a lot of RLT tokens, but after reading the white paper very well, I doubt it.
Unfortunately, you seem to read not all White Paper as there is the detailed plan on the further promotion and development:
The goals we are planning to achieve using the funds collected in terms of ICO:
- to launch advertising campaign of the game in the internet and attract at least 3 000 new players;
- to launch the affiliate program providing the constant traffic of new players;
- to provide RLT token holders with sustainable dividends;
- to enter exchange markets with RLT token;
- to develop and launch a voting system for RLT token holders allowing its participants to make decisions concerning the game development and promotion;
- to advance the graphical interface of the game;
- to develop and launch a set of additional Roulette versions with various types of bets and options («American Roulette», «Russian Roulette»).
And update the announcement in this topic. It's very outdated.
Already updated.
And who are you guys? Why don't u tell us who you are?
Since gambling is prohibited and crypto currency is not legislated in our country we are currently not revealing our names, but after settling all the legal issues will publicly promote the project.
