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

[lennox_dan]

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.

As I understand, legal team expenses are paid from the bet investment, not from total project incomes, so it's more individual, I guess.

[dspencer]

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.

As I understand, legal team expenses are paid from the bet investment, not from total project incomes, so it's more individual, I guess.

I don't think they're going to specifically distinguish them from one another. In any event, the more they get the more they're going to spend on legal advisors or otherwise.

[bradpeterson]

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.

As I understand, legal team expenses are paid from the bet investment, not from total project incomes, so it's more individual, I guess.

As I understand, all expenses such as legal or development are paid from total income and there is no such thing as "bet investment".

[lennox_dan]

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.

As I understand, legal team expenses are paid from the bet investment, not from total project incomes, so it's more individual, I guess.

I don't think they're going to specifically distinguish them from one another. In any event, the more they get the more they're going to spend on legal advisors or otherwise.

I got it, so 15% is a good number I think. Maybe devs can increase it to 18-20% to get more safety. The laws of different countries need to be studied and compared to do that.

[Ividanik]

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.

really? where the rules?

[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.

really? where the rules?

Hello. You can follow this link (https://bitcointalk.org/index.php?topic=2638871.0) it will directly lead you to bounty campaign where you can check out Xwin's twitter and facebook.

[MelisaMoris]

Where can I see the results of the games?

[bradpeterson]

I got it, so 15% is a good number I think. Maybe devs can increase it to 18-20% to get more safety. The laws of different countries need to be studied and compared to do that.

It seems to me that if devs increase legal expenses to 20% they will need to reduce other expenses such as development or advertising, so i think that presented allocation is quite balanced.

[lennox_dan]

Where can I see the results of the games?

They will be on xwin.io when the project gets launched, for now you can see how the process will look like in the "Alpha" tab in the header of the site.

[dspencer]

I got it, so 15% is a good number I think. Maybe devs can increase it to 18-20% to get more safety. The laws of different countries need to be studied and compared to do that.

It seems to me that if devs increase legal expenses to 20% they will need to reduce other expenses such as development or advertising, so i think that presented allocation is quite balanced.

We were talking about taxes, not legal expenses. How much of the income devs are going to spend on legal matters is up to them.

[MelisaMoris]

Where can I see the results of the games?

They will be on xwin.io when the project gets launched, for now you can see how the process will look like in the "Alpha" tab in the header of the site.

thanks, and the rates too?

[lennox_dan]

Where can I see the results of the games?

They will be on xwin.io when the project gets launched, for now you can see how the process will look like in the "Alpha" tab in the header of the site.

thanks, and rates will there too?

I believe yes, all rates, coefficients and results will be available out there, as well as currency conversions maybe.

[MelisaMoris]

If I understand correctly this project is exclusive platform for bookmakers that is protected from the traditional bookmaker market and creates a real alternative or is there any alternative?

[dspencer]

If I understand correctly this project is exclusive platform for bookmakers that is protected from the traditional bookmaker market and creates a real alternative or is there any alternative?

I think there are alternatives to this project, but from my experience, they don't offer as much flexibility, especially when it comes to ICO and bounty campaign. Definitely better than traditional bookmakers since they offer worldwide support and transparency thanks to blockchain technology.

[lennox_dan]

If I understand correctly this project is exclusive platform for bookmakers that is protected from the traditional bookmaker market and creates a real alternative or is there any alternative?

I believe the main purpose of this project is its safety (including in important needs like investment in legal advisors what we've been talking about higher), I think Xwin is an alternative to other bookmakers just only in currencies it uses.

[KathPine]

Where is it said that this project has no long-term development?

I was talking about your aptitude towards the compulsory "all-in" component of the projects in the crypto-betting sphere.

Do other legit betting ones enable bets with crypto system?

It seems to me that somewhere they said that no. This is the uniqueness of such projects, don't you think so?

[dspencer]

Do other legit betting ones enable bets with crypto system?

It seems to me that somewhere they said that no. This is the uniqueness of such projects, don't you think so?

Congratulations for 1000th post on this thread. There are few projects that offer online betting through cryptosystem.

[MelisaMoris]

Does anyone know how to implement blockchain technology in this platform?

[dspencer]

Does anyone know how to implement blockchain technology in this platform?

Developer team does. Please get acquainted with this project by reading whitepaper https://xwin.io/en/white_paper

[MelisaMoris]

How is the security and confidentiality of information ensured?