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Author Topic: [ANN][ICO][BKB] BetKing Bankroll Token - 465 BTC raised in pre-sale!  (Read 35647 times)
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July 17, 2017, 03:30:40 PM
 #561

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).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens.
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit.

They won't be re-sold no.
Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges?

I will hold them.

I am looking to be listed on exchanges but there's a few more things that need completed before I can make the applications.
Hopefully that will be taken care of by the time the main sale starts.



Hi Dean,

I'm very interested in your re-launch/ico.  Could you please go into more detail on the mathematics on future buybacks, after the first one?
How will the buyback price be determined on subsequent quarters - for instance, if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB -  will the next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?  

Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?

If Betking is buying back with bankroll profits, will the investors that hold their tokens benefit from doing so?

Thanks,
Dave

I'll forward this question for Dean to answer when he has a chance!

ı see ıco rıse good. ı see lots of sıgnature ın forum. but ın thıs topıc ı see just 29 page. why ıs thıs.

and bounty page stıll doesnt work stabıl. ı cant logın now.

This is an issue that has been around for a while and will be looked into! In the meantime try incognito mode or another browser (and remember to use username to login, not email)

"spam" What does it mean? I am in signature campaign. I write 18 message in this week at forum. But my message looks as spam. Why ?

You made almost every single post on the same day. That's why it's flagged as spam.



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July 17, 2017, 03:40:37 PM
 #562

ICO pre-sale over.
Total raised:
416.05401126 Bitcoin
602.348072322 Ethereum

So around 465.00684512 Bitcoin total or $888,511

Thanks to everyone who took part.

Well done, Dean. I have updated my thread about this good news.
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July 17, 2017, 04:43:49 PM
 #563

whats happened to the white pepper? i cant find on this forum (nor web site)..
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July 17, 2017, 04:51:38 PM
 #564

How do you envision the profit sharing aspect of this to work? Is the buyback going to be quarterly or annually? Are you going to require that coins be held for a certain amount of time in order to be eligible for the buyback?

House always wins with casinos.. this could be something big. I just hope there is transparency on ROI for investors.

Any plans to go after the US market?

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July 17, 2017, 04:53:53 PM
 #565

How's the Betking family? How is your business?  Smiley

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Join us:██`Twitter  ◽  Facebook  ◽  Telegram  ◽  Youtube  ◽  Github
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July 17, 2017, 04:54:11 PM
 #566

How do you envision the profit sharing aspect of this to work? Is the buyback going to be quarterly or annually? Are you going to require that coins be held for a certain amount of time in order to be eligible for the buyback?

House always wins with casinos.. this could be something big. I just hope there is transparency on ROI for investors.

Any plans to go after the US market?

Quarterly.

whats happened to the white pepper? i cant find on this forum (nor web site)..

There's no white paper as there's basically no need for that. Dean would be able to elaborate this.
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July 17, 2017, 04:59:11 PM
 #567

whats happened to the white pepper? i cant find on this forum (nor web site)..
Op or website itself is white paper.(Dean had a reply about this few pages back)


ICO pre-sale over.
Total raised:
416.05401126 Bitcoin
602.348072322 Ethereum

So around 465.00684512 Bitcoin total or $888,511

Thanks to everyone who took part.
Congrats on successful Pre-ICO Dean.
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July 17, 2017, 05:07:51 PM
 #568

whats happened to the white pepper? i cant find on this forum (nor web site)..
Op or website itself is white paper.(Dean had a reply about this few pages back)

Yeah, that's pretty much the case.
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July 17, 2017, 05:19:10 PM
 #569


I congratulate Betking for their successful ICO. Almost a million dollars was gathered. I suppose and should be confident that the amount can be used and is SUFFICIENT to cover all costs to create a successful project such as Betking.
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July 17, 2017, 05:22:42 PM
 #570


I congratulate Betking for their successful ICO. Almost a million dollars was gathered. I suppose and should be confident that the amount can be used and is SUFFICIENT to cover all costs to create a successful project such as Betking.

The ICO hasn't even started yet. This was just the pre-ico.
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July 17, 2017, 05:53:44 PM
 #571

devs when the roulet or bj games will playable on test network?
dice game is very boring and my opinion free token games always win Cheesy
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July 17, 2017, 06:12:52 PM
 #572

Quote

"spam" What does it mean? I am in signature campaign. I write 18 message in this week at forum. But my message looks as spam. Why ?

You made almost every single post on the same day. That's why it's flagged as spam.


Ok, thx for your answer, i will pay attention to this issue.
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July 17, 2017, 07:55:19 PM
 #573

devs when the roulet or bj games will playable on test network?
dice game is very boring and my opinion free token games always win Cheesy

Yeah, I would like to know that too. It'll be good to test the games out and report any bugs or errors found while playing. 
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July 18, 2017, 01:24:11 AM
 #574

devs when the roulet or bj games will playable on test network?
dice game is very boring and my opinion free token games always win Cheesy

Yeah, I would like to know that too. It'll be good to test the games out and report any bugs or errors found while playing. 

Considering that was just the design it probably won't happen in the next day or two.
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July 18, 2017, 02:05:39 AM
 #575

ICO pre-sale over.
Total raised:
416.05401126 Bitcoin
602.348072322 Ethereum

So around 465.00684512 Bitcoin total or $888,511

Thanks to everyone who took part.


congrats betking for successful pre-sale. i think the ICO will raise a big amount.

do you plan to run a poker room? i really hope you guys can make a poker room with provably fair shuffle using smart contracts in the rng.
that would be the first ever.

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July 18, 2017, 03:23:57 AM
 #576

ICO pre-sale over.
Total raised:
416.05401126 Bitcoin
602.348072322 Ethereum

So around 465.00684512 Bitcoin total or $888,511

Thanks to everyone who took part.


congrats betking for successful pre-sale. i think the ICO will raise a big amount.

do you plan to run a poker room? i really hope you guys can make a poker room with provably fair shuffle using smart contracts in the rng.
that would be the first ever.

Poker is surely on the list but probably not the top priority. First version will likely not be provably fair either but nothing's impossible.
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July 18, 2017, 05:52:59 AM
 #577

Other languages - Chinese, Russian, Indonesian, Filipino, Portuguese, Turkish, Dutch, Hindi, French, Japanese, Vietnamese, Spanish, German





BetKing Relaunch

BetKing is back on September 4th with highly anticipated new and improved software.

About BetKing

BetKing opened in April 2013 and by the end of 2014 quickly became the most popular crowdfunded Bitcoin casino.

From 2015 BetKing had the most wagered volume of all crowdfunded gambling sites, 400,000 Bitcoin, almost more than all competitors combined!

With a 6000 Bitcoin crowdfunded bankroll BetKing was the most trusted dice site with the highest betting limits. All 6000 Bitcoin were returned to investors when we closed in December 2016.

What's new?



The new platform will offer new updated provably fair casino games such as Blackjack and Roulette as well as all your favorites.

We will support multiple cryptocurrencies including Ethereum and Litecoin betting.

We will also allow casino websites and app owners to integrate with our platform. We'll take care of user accounts and betting and let casinos develop their own unique games and promos while not having to worry about bankroll funds or security issues.

Soon after launch we will add sports betting, more casino games, poker games and tournaments and native mobile apps.

We also have some unique new games and social features that will be announced next month that players will be able to try on the beta site.

Why join the ICO?

BetKing made a profit of almost 7400 Bitcoin in a little over two years!

This was with one simple game and minimal marketing.

We will be launching and marketing brand new exciting games and services.

We have a list of 3rd party partners already interested in integrating with our new platform.



BetKing Bankroll Token Crowdsale

Distribution

100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.

70 million will be available for sale to crowdsale participants.

30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.

BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum, Litecoin and Dash.All funds will be held in cold storage.

Use of funds raised

After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.

Profit Distribution

A percentage of the profit made from bankrolled games will be used to buy back BetKing Bankroll tokens from holders.All profit made on bankrolled games will be audited and made available to token holders as was done in the past with the crowdfunded bankroll profits.

Bankrolled games are games where a player plays against the house such as dice, blackjack and other casino games as well as 3rd party partner casino games.Player vs. player games such as poker are not.

Early Discounts
  • 1st week 15%
  • 2nd week 10%
  • 3rd week 5%
  • 4th week no discount
An extra 5% discount will be available for previous BetKing bankroll providers regardless of what week they buy.

Pre-sale

You can purchase tokens with a 25% discount in our pre-sale up until the 17th of July 12am UTC.

The pre-sale has a cap of 1000 Bitcoin. Email admin@betking.io if you would like to participate.

Pre-sale participants are not eligible for the 5% extra discount for being a previous BetKing bankroll provider.

Token Price

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).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.

Token holders may choose to sell offsite to 3rd parties or on any exchanges that may list BetKing Bankroll Tokens if they require more liquidity.

Terms

The crowdsale will start on the 7th of August (00:00 UTC) and end on the 4th of September (00:00 UTC).

There is no cap on the total funds that can be raised.

There is no minimum amount needed to be raised for the crowdsale to be successful.

BetKing Bankroll Tokens are intended to be used to invest in the bankroll on BetKing only.

BetKing Bankroll Tokens are not a share in a company and have no voting rights.



Bounty program

Join our bounty campaign and help us spread word about the BetKing ICO. You will be rewarded in BetKing Bankroll Tokens.

We will reward 1,000,000 (1%) of the total BetKing Bankroll Tokens to bounty participants.

To earn BKB tokens you first need to sign up to our bounty program at https://bounty.betking.io with your email address. Your tokens will be credited to that account when the ICO ends.

After signing up start spreading BetKing ICO information via one of the methods below.

Each task will earn you bounty stakes. Once the ICO has ended the 1,000,000 BetKing Bankroll Tokens will be distributed proportionally to stakes in each of the following categories.

  • Bitcointalk Signature Campaign (35%)
  • Twitter reposts (20%)
  • Bitcointalk translation threads (15%)
  • Media publications (20%)
  • Blog articles (10%)

Bitcointalk Signature Campaign

To join the signature campaign you must rank Jr. Member or higher. Signup to https://bounty.betking.io and enter your Bitcointalk username and Account Id. Set your signature and avatar (optional) to the one shown on that page.

Rules:
  • You must write at least 15 constructive posts per week.
  • You must post at least 1 time in the ANN thread each week.
  • You cannot change your signature during the campaign. Doing so will see you disqualified.
  • You need to complete at least 3 full weeks before the ICO ends to earn tokens.
  • If you do not post the minimum of 15 posts per week two weeks in a row you will be disqualified.
  • If your rank increases during a week we will count the rank at the start of the week.
  • Spammers and multi accounters will be banned from the campaign.
  • You won't earn tokens with just an avatar, it's a bonus on top of signature.
  • You cannot participate if you have negative trust. If you receive negative trust during the campaign you will be disqualified and receive no tokens.
  • BetKing has the right to disqualify any participant if we feel your posts are mostly spam or non constructive.
  • Posts in the following forums do not count: Games and Rounds, Off-Topic, Archival, Auctions, Lending, Politics, Beginners Help, Investor based games, Press or any tipster based threads.
  • Week starts at 12am UTC and ends Sunday 23:59 UTC
  • The latest you can join a week is Friday 23:59 UTC. Any posts you do if you join after that will not be counted until Monday
  • Stakes are earned weekly

Stakes:
  • Legendary/Hero - 20 Stakes
  • Sr./Full - 15 Stakes
  • Member - 10 Stakes
  • Jr. Member - 5 Stakes
  • Avatar - +5 Stakes

Twitter Reposts

Signup to https://bounty.betking.io and connect your Twitter account.

You must retweet our official @BetKingIO account tweets marked with the hashtag #ICOBetKing within 5 days of the original tweet date. Retweets must not be deleted before the ICO end on 4th September. Each retweet will earn you stakes based on your follower count. Your account must be at least 4 months old and have at least 10 followers. Only retweets of our official account marked with #ICOBetKing will count. Your follower count is fixed at signup time.

Stakes:
  • 29 followers and less - 1 Stake
  • From 30 to 99 followers - 10 Stakes
  • From 100 to 249 followers - 25 Stakes
  • From 250 to 999 followers - 60 Stakes
  • From 1000 to 9999 followers - 120 Stakes
  • 10000 followers and more - 250 Stakes

Bitcointalk Translation Threads

To apply for translation bounties post in the ANN thread the language you wish to translate to and include a link to previous ICO's that you have translated. BetKing will pm you on BitcoinTalk to confirm if you will be picked for translation.

Each translated ANN thread will receive 60 stakes and 5 stakes per page in the thread.

Google translate will not count. Posting "reserved" does not guarantee you a translation bounty. If it is discovered that your translation has errors you will receive nothing. You must moderate the translated threads by answering posters questions.

Media Publications

If you are a media website or service you can earn tokens by writing articles or creating videos about the BetKing ICO on popular news or media websites such as Coindesk, Forbes or any other cryptocurrency or finance related media site.

Depending on the website posted, content and audience reached we will rank your post to determine you stakes. To apply email admin@betking.io with the site you will post on.

Stakes:
  • Standard - 10 Stakes
  • Good - 25 Stakes
  • Excellent - 90 Stakes

Blog Articles

If you have a personal website, social page or blog you can earn tokens by writing articles about the BetKing ICO You can post in any language. Article must be at least 1000 words and contain two links to http://betking.io.

Depending on the website, content and audience reached we will rank your post to determine you stakes. Send a link of the article to admin@betking.io.

Stakes:
  • Standard - 10 Stakes
  • Good - 25 Stakes
  • Excellent - 90 Stakes

Bounty Payment

At the end of the ICO you will see your final stakes and tokens on your account on https://bounty.betking.io where you can then withdraw to an Ethereum address. We will update your account page often to show your current stakes earned.


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Sir! i want you to know i'm in promote from jr.member to member now and i wanna say a simple thank you!
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July 18, 2017, 05:57:13 AM
 #578

Looks like a nice casino project
will be sending some ether defenetly Cheesy
I like the idea .....

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July 18, 2017, 06:42:20 AM
 #579


Sir! i want you to know i'm in promote from jr.member to member now and i wanna say a simple thank you!

Please don't qoute everything from ANN. It makes thread unreadable
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July 18, 2017, 07:01:39 AM
 #580

ICO pre-sale over.
Total raised:
416.05401126 Bitcoin
602.348072322 Ethereum

So around 465.00684512 Bitcoin total or $888,511

Thanks to everyone who took part.


congrats betking for successful pre-sale. i think the ICO will raise a big amount.

do you plan to run a poker room? i really hope you guys can make a poker room with provably fair shuffle using smart contracts in the rng.
that would be the first ever.

Poker is surely on the list but probably not the top priority. First version will likely not be provably fair either but nothing's impossible.
Congrats with successful preICO! And think you need include provably fair to the first version, do not give cause to spoil the reputation.
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