Monster Byte - Established Gaming Operator and B2B Reseller

Quote from: aidit45@gmail.com on June 27, 2017, 05:51:47 PM

Do you have social bounty sir, I think this is a good campaign

Depends on the # of followers you have, find us in our slack to talk more!

Everyone seems to realize an ICO based on more than a whitepaper is a rare thing these days, so it makes sense they are flocking to Monster Byte which is an established company with a proven track record in the cryptocurrency gaming sector since 2013!

We are overwhelmed by the response we've seen after announcing our ICO which is now just days away! We plan on doing an AMA on the /r/wavesplatform reddit before our presale. We also recommend anyone interested in Monster Byte check out our whitepaper which was just recently uploaded last weekend.

Last, it's worth noting that we've priced both rounds with the intention for them to both sellout quickly, so we do recommend anyone that has a keen interest in this opportunity ensure they have their funds ready for the July 3rd Presale. If you are looking to buy a large amount of tokens, and are using a coin with confirmation lags like Bitcoin, we recommend that you get in touch with a principal in our Slack channel to confirm details ahead of time to ensure you get into the presale.

Thanks for your support, and we hope you're as excited as us about our future plans!

Very good project . I'm thinking about investing . I think it is best for the casino project . Good luck.

Quote from: casinobitco on June 27, 2017, 07:54:29 PM

Quote from: aidit45@gmail.com on June 27, 2017, 05:51:47 PM

Do you have social bounty sir, I think this is a good campaign

Depends on the # of followers you have, find us in our slack to talk more!

What does # of followers do aidit45 have if you can open a social media bounty or a signature campaign here to promote this ICo so that many will be aware that there is an ICo like this . Suggestion and my opinion only.

Monster Byte Filipino translation with link to PDF copy at Github: https://medium.com/@Elegant_Joylin/monster-byte-puting-papel-49f6b9c9971b

When you get a new marketing team in August, are they solely focusing on the B2C side of things or will they also be pushing the B2B API's?

Also, do you have future plans to target international markets like China?

We are looking for a French and Dutch translator of our ANN and whitepaper, takers should hop onto our Slack in the #bounty channel.

Quote from: Morguk on June 28, 2017, 09:34:10 PM

B2C first, lot of focus on BitcoinRush.io and PeerBet.org after they are relaunched.

As for China focus, broader translation of those sites will occur later in the 2017.

Quote from: casinobitco on June 28, 2017, 09:37:44 PM

Quote from: Morguk on June 28, 2017, 09:34:10 PM

B2C first, lot of focus on BitcoinRush.io and PeerBet.org after they are relaunched.

As for China focus, broader translation of those sites will occur later in the 2017.

Good to hear!!

The name of the project is very ambitious . But the project looks very good . Will be successful. Good luck.

Nice to see the ICO, it's a project I've been following for a while and have admired your persistence.

I see a few red flags which maybe you could help me clear up:

a) It seems like you've changed names since a few weeks ago when you were earlier asking for funding. Before it was "Tim Zoo" and "Luke Rose-Chambers" and now it's "Tim Walters" and "Luke Rose". I'm not sure what to think of this.

b) Your "actual revenue" figures seem to be adjusted to what they would've hopefully might have been if the new system was in place. This strikes me as rather dishonest as it can gives a very different picture. I completely understand that you're upgrading the system to something that you won't have risk, and that would absolutely justify optimistic projections. However, actual revenue should be actual revenue, not adjusted for what it would've been nice to have. Besides being misleading, the problem with trying to adjust revenue for what they might have been is the huge causation factor.

For instance: imagine you price the odds wrong that would allow a smart players take advantage of it while covering it somewhere else. You'll obviously have great volumes, and lose a lot of money. But it would be silly to think the same player would've played the same amount if the odds were priced more correctly.

I think it would be very useful to show what the actual revenue is, along with volumes and projections. This will make sure it's clear exactly what's going on.

c) What do you based your projections on? This sort of stuff kind of raises an eye-brow:
Actual Casino Revenue:
2014: 125k
2015: 109k
2016: 88k
---projections---
2017: 105k
2018: 364k
2019: 1.29M
2020: 2.05M
2021: 2.7M

d) Your expenses are extremely low (well done! I'm really impressed at how well you've kept a tight ship) but for things like last years salary expenses you have $25,853, but I see you have a CEO/director/advisors. I'm assuming that this is a fair bit below market wages, so how does this work? Is it because of their equity stake? Or a promise to be paid in the future? How do you see this changing?

e) I couldn't find any mention of the current assets/liabilities. It's not clear if the company is debt free or not, or what it's holding; which makes evaluating a fair value rather hard.

Sorry about so many negative points (there's a lot more positive ones, like the b2b strategy but I didn't really have questions about them).

Good luck with everything!
Ryan

Now portuguese speakers can discuss about Monter Byte on the official thread in portuguese.

Quote from: casinobitco on June 27, 2017, 07:54:29 PM

Quote from: aidit45@gmail.com on June 27, 2017, 05:51:47 PM

Do you have social bounty sir, I think this is a good campaign

Depends on the # of followers you have, find us in our slack to talk more!

And there will be a company of bounty? Huh

Quote from: RHavar on June 29, 2017, 05:08:33 AM

Nice to see the ICO, it's a project I've been following for a while and have admired your persistence.

Sorry about so many negative points (there's a lot more positive ones, like the b2b strategy but I didn't really have questions about them).

Good luck with everything!
Ryan

Ryan, always good to hear from you; I know your commentary below is to protect the broader public, so it's appreciated. We've mentioned this before, but all collectively admired what you've done with Bustabit.

BTW will you be attending the IGB conference in Amsterdam on the 12th of July? Luke, and some other Monster Byte principals will be there for certain; would be great to meet in person.

Answers below;

A - Previous names you saw were an attempt to deter Doxing; but that train has left the building.

B - In no way are we trying to portray something dishonest; the P&L, ICO and whitepaper all have a disclaimer showing the sportsbook metrics assume the no-risk model which we are about to deploy. As you've been a follower for a while, you have a clear view of our historic sportsbook challenges, I also mention it within this thread for reference.

We are very certain our odds were correct, you can trust that we've micromanaged the book since 2014 and have 'canceled/refunded' any wager which was at an incorrect odd (it's happened less than a dozen times in 4 years). Last, our whitepaper shows actual volume numbers in both casino and sportsbook.

C - Exponential growth based on new earned operating income, and expenditure. You elude to this in (d), but we currently spend an incredibly low amount in marketing and product enhancements. This changes post-ICO with us hiring people to promote our brand on this (and other) forums, paid marketing efforts in traditional outlets as well as organic search. Further, we will spend considerable amounts in redesigning BitcoinRush and PeerBet with a professional firm (we've shared working examples in the OP, and whitepaper). Last, we anticipate the use of cryptocurrencies for online gambling will increase YoY, this is a leading factor in the growth we anticipate.

D - It's a mixed equity stake/salary based model; salaries are no doubt drastically lower than the norm in 2017 and part of 2018, but sacrifices have to be made short-term, and everyone involved will benefit from the equity model as it relates to dividends.

E - Technically speaking we are debt-free; principals have put up additional capital in 2016 to keep things moving, but this is not considered debt as it was part of equity swap deals.

Lately, I have been eyeing ICOs which has something to do with gaming and gambling because I see more future in here compared to new blockchain system.

I am interested with Monster Byte because it is already an operating business and not just another concept or idea that has to be funded by the ICO.

Now, may I ask...is there a timeline when can the token be available in an exchange for trading?

Quote from: CryptoBry on June 29, 2017, 04:25:15 PM

Thanks, good to see others see the advantage of not just a fancy white paper, but also a company with a track record, users, and a product in production. We believe that that, coupled with our modest valuation, will ensure our ICO is a success.

With respect to trading, our tokens will be tradeable within the DEX within Waves immediately following the ICO. Right now we are working with the Waves development team to get the token verified, once that occurs we will start working with other, smaller, exchanges to broaden our market exposure.

Hello, so 100% of the profits will be distruted to the token holders, correct?thanks