[ANN] [ICO] Xwin – CryptoBet betting platform based on blockchain

[dspencer]

I see their bounty campaign is quite a big hit. Numbers of followers across all of the social media they represent themselves in have increased tenfold.

I think this is because the bounty campaign is quite profitable for the participants

For the effort we're putting in as participants of their bounty campaign, it's well worth it. I don't see too many projects that offer a bounty campaign as a part of their ICO.

[MelisaMoris]

How much this ICO plans to collect investments and how to proceed, after completion ICO, the project will be developed and implemented?

[MelisaMoris]

I joined to facebook and twitter bounty

I just joined. What are your feedbacks? it's profitable?

[marilouadrie]

It is written in the whitepaper that you will spend 15 % of ICO funds on lawyer and legal support. Don't you think that that would be an overkill, and you should spend less?

[lennox_dan]

It is written in the whitepaper that you will spend 15 % of ICO funds on lawyer and legal support. Don't you think that that would be an overkill, and you should spend less?

Betting is a heavily regulated sphere, so it's better to pay more to be safe.

[marilouadrie]

Betting is a heavily regulated sphere, so it's better to pay more to be safe.

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

[dspencer]

It is written in the whitepaper that you will spend 15 % of ICO funds on lawyer and legal support. Don't you think that that would be an overkill, and you should spend less?

Betting is a heavily regulated sphere, so it's better to pay more to be safe.

In terms of safety, aren't regulations designed to establish control over areas that could be vulnerable? Although, a legal team could help deal with abusive and disruptive clients and help ensure a safe environment when dealing with similar projects.

[lennox_dan]

Betting is a heavily regulated sphere, so it's better to pay more to be safe.

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

I think 15% is a healthy amount. With a lower percent it would probably be a fraud.

[dspencer]

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

I think 15% is a healthy amount. With a lower percent it would probably be a fraud.

Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?

[marilouadrie]

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

I think 15% is a healthy amount. With a lower percent it would probably be a fraud.

Well, that is true. But I still think that it would be better if some part of funds allocated for legal services would be used in the development, for example.

[dspencer]

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

I think 15% is a healthy amount. With a lower percent it would probably be a fraud.

Well, that is true. But I still think that it would be better if some part of funds allocated for legal services would be used in the development, for example.

I see you mentioned your home country. Don't you think legal services will cost a different amount of money in different countries and especially when we're talking about a project that is going to operate basically worldwide?

[lennox_dan]

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

I think 15% is a healthy amount. With a lower percent it would probably be a fraud.

Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

[dspencer]

Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

Interesting suggestion, but what if we go the other way around. What if there was 20% tax, do you think that would work?

[lennox_dan]

Betting is a heavily regulated sphere, so it's better to pay more to be safe.

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

Also, what countries are you talking about? Which states do you think will be more safe for betting?

[bradpeterson]

That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.

I think 15% is a healthy amount. With a lower percent it would probably be a fraud.

Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

Could you explain in which way size of most bets and legal expenses are connected?

[dspencer]

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

Could you explain in which way are connected size of most bets and law expenses?

Does this project not collect a percentage off of a bet someone made? If it does then the money they make is going to sustain this project's health and security.

[bradpeterson]

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

Could you explain in which way are connected size of most bets and law expenses?

Does this project not get a percentage off of a bet someone made? If it does then the money they make is going to sustain this project's health and security.

As far as I understad, this percentage is not of bets but of investments

[lennox_dan]

Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

Interesting suggestion, but what if we go the other way around. What if there was 20% tax, do you think that would work?

I think it wouldn't, because the size of the tax won't affect on your bet and its safety. As I mentioned, the best way to be safe is to have a good investment in legal support.

[bradpeterson]

Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?

Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.

Interesting suggestion, but what if we go the other way around. What if there was 20% tax, do you think that would work?

I'm not sure if I understand which kind of tax you mean, tax on a bet or on a prize.

[dspencer]

Interesting suggestion, but what if we go the other way around. What if there was 20% tax, do you think that would work?

I think it wouldn't, because the size of the tax won't affect on your bet and its safety. As I mentioned, the best way to be safe is to have a good investment in legal support.

Following my logic, I think you've missed out on one thing: the more money the project gets, the more it can spend including paying for legal team expenses.