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Author Topic: [ANN][ICO][BKB] BetKing Bankroll Token - 465 BTC raised in pre-sale!  (Read 35175 times)
ymemey
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July 25, 2017, 11:05:41 AM
 #741

Will my Blog Articles post on July 21 be accepted?
I also look forward to checking my article on July 21.  Only silence(

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July 25, 2017, 11:14:55 AM
 #742

are there still any bounties open?

Looks like it still open since ICO still longer start
but for sure you can check it at bountry thread :
https://bitcointalk.org/index.php?topic=1989289.0
Go sign up to the bounty panel

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BetKing.io
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July 25, 2017, 11:34:18 AM
 #743

Then it seems that you have quite a racket going. 

Betking will be taking the cumulative investors' profit to buyback tokens, reducing the bankroll, then Betking alone will be accumulating profits on those tokens to infinity with no benefit to remaining token holders. 

Eventually, Betking will have purchased the majority of tokens back with investors' money (Bankroll profits) - in essence diluting remaining token holders since Betking retains the re-purchased tokens and earns all future profits on those tokens.  Sounds like it's good to be Dean / Betking.

If I'm misunderstanding, please let me know.

I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
There's not going to be any significant reduction in bankroll, max 10% every 3 months.
Yes I will then be making a profit on the tokens I hold, the ones not being sold plus the ones I buy back, that's pretty normal and how most businesses work.

Remaining token holders have the benefit that their tokens have much more value the longer they hold them. They can choose to never sell them back to me for many years or if the site was to be sold.

There's no dilution going on at all.




Thank you for this answer.

Please hear me out on this, and hopefully this explains what I mean and hopefully a better situation for all. 

Hypothetical:

Money Raised:  $10,000,000
70% Bankroll:  $ 7,000,000
30% BetKing:   $ 3,000,000

Price per token:  $10,000,000/70,000,000  = $0.14

Q1 Profit:  $500,000
Bankroll at end of Q1:  $7,500,000

Buyback 10% of tokens: 71,000,000 x 10% = 7,100,000 (includes bounty token holders)

Buyback price:  $500,000/100,000,000 tokens = .005 + 0.14 = .145

Reduction to bankroll:  7,100,000 x .145 = $1,029,500.00

Bankroll value after buyback:  $7,500,000 - $1,029,500 = $6,470,500

Remaining Investor tokens outstanding:  71,000,000 - 7,100,000 = 63,900,000

Value of token after buyback as proposed:  $6,470,500 / 100,000,000 = 0.064705
(this is where the dilution comes into play, although not a typical dilution as in the stock market) - Q2 would need to overcome the deficit just to break even.

Value of token after buyback if repurchased tokens were burned:  $6,470,500 / (100,000,000 - 7,100,000 = 92,900,000) =  0.069650161


When companies buyback shares, the outstanding shares are reduced, thus raising the value of the remaining shares.  I understand that these are not shares, but the same theory applies.

Don't get me wrong, I'm not trying to dog your project, on the contrary, I'm still very interested under the right circumstances. I think there is value in your casino and profit to be made if done correctly.  I just think that by not burning the re-purchased shares it's a losing situation for the investor.

Please consider burning the re-purchased tokens, you would still always have the majority of tokens and they would be worth more and the more you burn, the higher percentage your 29,000,000  tokens represent (or whatever the final number is after all marketing and costs).  You would still achieve your goal of owning all tokens eventually.

Thanks for listening/considering.

Regards,
Dave

Correct except one thing.
My buy back price does not reduce after buying back. So if sa I bought 10% of tokens back for $1 or whatever after first quarter.
The remaining tokens are still worth $1 and then have the profit of next 3 months added on top of that

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July 25, 2017, 01:50:47 PM
 #744

I would like to join in the crowdsale

The presale is still open and therefore you can participate at a 25% discount at the moment by contacting Dean via email (admin@betking.io) or PM the admin here
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July 25, 2017, 02:30:44 PM
 #745

are there still any bounties open?

https://bounty.betking.io/  =  Sign up on the given link as well as login there to know about the available bounties there.

I would like to join in the crowdsale

The presale is still open and therefore you can participate at a 25% discount at the moment by contacting Dean via email (admin@betking.io) or PM the admin here

And if they fail to do so, they may still get 15% bonus as an early bird discount during their ICO's first week. To know more about the same, Mr. Coinzer please visit http://betking.io/#ico

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July 25, 2017, 03:09:24 PM
 #746

Graphics for roulette look fantastic. Probably one of the best I have seen so far.

My translation bounty is not updated on my account, is it just me or will the stakes be updated on a later date?

Hi
Thanks

To be honest I'm confused why people are making a big deal about bounties.
No matter what your stakes or score shows now, a full audit will be done at the end of the ICO which is in Septmeber.

We have things that are automated and me and support do update things semi-often but it just doesn't seem like people should care too much about it in my oppinon.

If you are doing what is lised in the bounty rules you'll be fine.

Thanks


hello BetKing.io bounty campaign manager. my stakes for tweets are still not showing and the icon that says connect to twitter has a red error sign. please update my bounty account. thanks

twitter works though, so maybe its on your side? did you link properly?

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July 25, 2017, 03:36:42 PM
 #747

I am also interested in this coin

Join ONECHAIN ‖  Join ICO and get a 15% Bonus this April 16, 2018 (http://web.onechain.one/)
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July 25, 2017, 04:30:19 PM
 #748


Correct except one thing.
My buy back price does not reduce after buying back. So if sa I bought 10% of tokens back for $1 or whatever after first quarter.
The remaining tokens are still worth $1 and then have the profit of next 3 months added on top of that

Fair enough.
I have another question: Do you consider token betting in the future?
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July 25, 2017, 04:38:33 PM
 #749

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 25, 2017, 05:57:58 PM
 #750

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.


This ICO not started yet this will open 7th of August which is going on this is pre sale campaign so during this phase all investors will get 25% and when the main round will take place than bonus will decrease to 15% for more details you can check the link.

http://betking.io/#ico

New totals raised so far in the (extended) pre-sale

btc=337.49687818
eth=677.634523292




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July 25, 2017, 05:58:41 PM
 #751

There is also trueflip and bitdice crowd sales and let's see which one will be the winning one. These coin gambling projects will get share from the market for sure. It's a booming sector.

Trueflip just a newcomer but they allready raised BTC1765
Betking Pre-ICO raised BTC465 , its easy to reach CAP for betking when the ICO start, because betking One of the biggest ever.
Lets wait and see mate hehe.

TrueFlip and BetKing are both into Gambling industry and they already established a name. And both questioned by some why conduct an ICO if they already profited from it? I say it's their way to share the profits to everyone. Whether it's a profit or a loss, the impact will be minimal for the devs. And if its positive, everyone will reap the rewards.


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July 25, 2017, 06:48:28 PM
 #752

There is also trueflip and bitdice crowd sales and let's see which one will be the winning one. These coin gambling projects will get share from the market for sure. It's a booming sector.

Trueflip just a newcomer but they allready raised BTC1765
Betking Pre-ICO raised BTC465 , its easy to reach CAP for betking when the ICO start, because betking One of the biggest ever.
Lets wait and see mate hehe.

TrueFlip and BetKing are both into Gambling industry and they already established a name. And both questioned by some why conduct an ICO if they already profited from it? I say it's their way to share the profits to everyone. Whether it's a profit or a loss, the impact will be minimal for the devs. And if its positive, everyone will reap the rewards.

   I am exited to see how that works in real life. How we reap the rewards? This is a good moment for me to ask do we need some special wallet for this tokens that we earn from campaigns? I plan to buy more
when times come for that, but I am not sure how that is going. I am following this page and their site for some announcements but still nothing.
   About the profit I am not sure that we can count on that in first few years (or I am wrong about that), site is not full yet. Sports book and poker will attract many people but that will be implemented in 2018,
and it would be fair from us to give it some time to become popular. Big things do not happen over night!
   

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July 25, 2017, 07:36:20 PM
 #753

Can you update my twitter followers number? I got 25 stake but it should be 60. @cgdsdg. And when will update signature stakes on bounty panel?

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July 25, 2017, 07:38:28 PM
 #754

i have joined both bitcointalk and twitter bounty. good luck with that.

should i retweet twits with the hashtag #ICOBetKing,
or should i tweet all twits and use the hashtag #ICOBetKing

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clixcoin
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July 25, 2017, 07:50:53 PM
 #755

i have joined both bitcointalk and twitter bounty. good luck with that.

should i retweet twits with the hashtag #ICOBetKing,
or should i tweet all twits and use the hashtag #ICOBetKing

https://bitcointalk.org/index.php?topic=1989289

You should read the instruction from bounty thread no need to post into main thread. All details are given into that thread hopefully you will get help from there.

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mprep
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In a world of peaches, don't ask for apple sauce


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July 26, 2017, 01:51:22 AM
 #756

ATTENTION: Due to the bounty incentivising posting on the ANN thread (which is an on-forum altcoin giveaway in any and all definitions), this thread is locked. There is zero tolerance for those blatantly breaking the "no on-forum altcoin giveaways" rule.


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