favdesu
Legendary
 Offline
Activity: 1764
Merit: 1000
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July 03, 2017, 06:12:52 PM |
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there will be no regular dividends, only buybacks, correct?
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zikabra
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July 03, 2017, 06:20:41 PM |
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I am glad you are back, i joined signature campaign because i can't miss this project. Road map is looking good, i can't wait for 2018 and poker, i wish you great success!
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BetKing.io (OP)
Legendary
Offline
Activity: 1400
Merit: 1021
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July 03, 2017, 06:25:42 PM |
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there will be no regular dividends, only buybacks, correct?
That is correct. |
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revenant2017
Sr. Member
Offline
Activity: 728
Merit: 252
Healing Galing
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July 03, 2017, 06:26:01 PM |
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BetKing has already made a name. Anyone that joined the ICO will surely be happy with the returns once the ICO ends. Goodluck to everyone specially to the team of BetKing. Will invest some chunk of my BTC on this one.
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dooglus
Legendary
Offline
Activity: 2940
Merit: 1330
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July 03, 2017, 06:45:13 PM
Last edit: July 04, 2017, 04:33:14 AM by dooglus |
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The total funds raised will determine the price per BetKing Bankroll token.We will take the total value of all funds at the current exchange rate at the end of the crowdsale to determine the total raised funds.E.g. If we raised $1,000,000 then the price per token would be $0.014 (1,000,000 / 70,000,000).
The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014). This is where I lost track of the details: You use the full $0.014 per token to buy back, but part of that $0.014 was also used to cover costs. If this part is taken out of the value of remaining tokens, you'll end up short at some point. Also, the 30% reserved tokens have the same $0.014 value, but no money has been put in. If you give one of the reserved tokens away as a testing bonus, and the tester decides to use sell it back to BetKing after the first quarter, where does it's $0.014 come from? I don't end up short. The buy back price is tied to the current bankroll profit. I'm committing to buying back at least 10% of tokens every 3 months. The site will be making profit in that time and it will be the profit that is used to buy back the tokens. What happens if the site makes a loss rather than a profit? It looks to me like BetKing itself gets 30% of any profits made, but also suffers 30% of any losses since the buy-back price changes by (profit/100e6) rather than by (profit/70e6). Is that the case? Do you use the same formula even if the profit is negative? If so it seems like you're running the risk of not being able to afford to buy back the 10% per quarter at some point. |
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██████ | 1% House Edge |
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spandreev
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July 03, 2017, 08:14:12 PM |
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Can't login to bounty portal. Enter username and password and after page reloads, no errors and etc, just reloaded. So can't login and can't check twitter and signature bounties. Please check it.
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babar123
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July 03, 2017, 08:21:43 PM |
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Hi, is it possible to reserve the french translation ?
Thanks
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Xexen4
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July 03, 2017, 08:44:24 PM |
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Can't login to bounty portal. Enter username and password and after page reloads, no errors and etc, just reloaded. So can't login and can't check twitter and signature bounties. Please check it.
i guess bounty platform is under construction. i can not log in too. |
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BetKing.io (OP)
Legendary
Offline
Activity: 1400
Merit: 1021
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July 03, 2017, 08:49:25 PM |
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Can't login to bounty portal. Enter username and password and after page reloads, no errors and etc, just reloaded. So can't login and can't check twitter and signature bounties. Please check it.
i guess bounty platform is under construction. i can not log in too. Bounty site is fine. Just checked. The people having problems with it keep trying to enter their email address instead of username. Enter your username and it will work. |
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spandreev
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July 03, 2017, 09:18:13 PM |
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Can't login to bounty portal. Enter username and password and after page reloads, no errors and etc, just reloaded. So can't login and can't check twitter and signature bounties. Please check it.
i guess bounty platform is under construction. i can not log in too. Bounty site is fine. Just checked. The people having problems with it keep trying to enter their email address instead of username. Enter your username and it will work. I enter username, not email. And now it really OK, logged in to bounty portal. But see problems with twitter and signature stakes, sent you pm. |
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gutalin
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July 04, 2017, 07:49:04 AM
Last edit: July 04, 2017, 08:06:04 AM by gutalin |
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Hi guys. Joined to sig campaign. and i am wait for start ICO  |
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angrybirdy
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July 04, 2017, 09:00:30 AM |
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Sad, I was about to join the facebook-bounty, only to know it has been removed. Hopefully you add a 'tester-bounty' in the site. People may get interested in testing it if there is a reward for doing so.  |
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Metros
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July 04, 2017, 09:05:27 AM |
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I don't think I understand how me for example (Long term token holden) can claim the revenues (Not as a player (!) but as investor) ? Do I simply get them automatically into MyEtherWallet? do I need to claim them manually?
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HyperLup
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July 04, 2017, 09:32:54 AM |
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web site is working correctly.its proper to login
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LoyceV
Legendary
Offline
Activity: 3346
Merit: 16869
Thick-Skinned Gang Leader and Golden Feather 2021
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July 04, 2017, 10:31:39 AM |
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I don't think I understand how me for example (Long term token holden) can claim the revenues (Not as a player (!) but as investor) ? Do I simply get them automatically into MyEtherWallet? do I need to claim them manually?
No dividend will be paid. The only way to claim revenues is to sell some Tokens. Say you hold 1000 Tokens and the value went up 10%. If you want to cash out that 10%, you can sell 91 Tokens back to Dean (once per quarter), or you can sell them to someone else at any moment someone is willing to buy them from you. |
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majestymage
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July 04, 2017, 11:23:00 AM |
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well..this is a interesting thread..watching
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majestymage
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July 04, 2017, 12:14:08 PM |
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actually this is so interesting i will do the romanian translation for your thread if you accept. the most recent translation i have done the is for bancor
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Peao
Legendary
Offline
Activity: 1320
Merit: 1001
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July 04, 2017, 12:19:59 PM |
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stake counts, we will be able to follow the https://bounty.betking.io/? still "-" is seen in the form of. which day of the week will be updated? |
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DaMut
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July 04, 2017, 02:15:51 PM |
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stake counts, we will be able to follow the https://bounty.betking.io/? still "-" is seen in the form of. which day of the week will be updated? Go to BKB bounty thread for more information, What stakes you want to see ? For signature campaign you can see it in the spreedsheet,and for twitter campaign. He said 'i will try to update it in the next 24hours'. I hope my answer can help you |
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Metros
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July 04, 2017, 02:24:17 PM |
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I don't think I understand how me for example (Long term token holden) can claim the revenues (Not as a player (!) but as investor) ? Do I simply get them automatically into MyEtherWallet? do I need to claim them manually?
No dividend will be paid. The only way to claim revenues is to sell some Tokens. Say you hold 1000 Tokens and the value went up 10%. If you want to cash out that 10%, you can sell 91 Tokens back to Dean (once per quarter), or you can sell them to someone else at any moment someone is willing to buy them from you. OH I see. well too bad, there are so many gaming/casino or general projects that give profits to token holders. Best of luck to this token anyway! |
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