Now that serial scammer Dean Nolan has made a new "announcement" about the trash betking website, if anybody wants they can still contact me with any information that might help in bringing a police case against this serial scammer.
BetKing Investor Updates - BKB Staking and BKT changes
In February we released a new token on the EOS blockchain (BKT) and airdropped the tokens to thousands of EOS accounts.
The intention was to use this as marketing to bring many new players after seeing the, alleged, success that some new on chain betting platforms had.
The airdrop wasn't a success and we have had very few players deposit from the airdrop or even play using EOS resulting in old ICO investors having their token (BKB) value diluted.
The new updates to the website did see an increase of players using Bitcoin and Ethereum who had previously played on BetKing and the site is much better for players now.
However, there is the worry that BKB holders could have to wait a long time to see a return due to the amount of BKT tokens in airdropped accounts that could be dumped at a far lower price than what BKB was worth.
As a result we will be making changes to the BetKing website that will benefit BKB and BKT holders.
BKT (EOS BetKingToken) changes
From August the 1st we will disable deposits of the EOS BKT token to the BetKing website.
We will contact Newdex, Whaleex and Chaince exchanges and ask them to delist the token as soon as possible.
BKT can still be used to receive 50% discount on bankroll investment commission as well as pay for withdrawal fees. Players can also play with it.
Because there were some people who earned BKT in bet mining or bought BKT on exchanges to pay for commission or trade later we will still use 10% of the site profit to buy BKT on
the BetKing exchange. We will not buy on other exchanges.
BKB (ETH BetKing Bankroll Token) changes
30% of the site profit will be distributed proportionally to BKB holders who will be able to trade their tokens to a "stake".
This allows BKB holders to start seeing a return immediately.
BKB converted to a stake will be burned and cannot be refunded or traded.
Anyone who swapped BKB for BKT can swap the same amount back to BKB at the same 20:1 rate and then convert to a stake.
All BKT swapped back will be burned.
Extra BKT that was earned or bought cannot be converted to stake.
BKB not being staked that is held in ETH wallets off site will not receive any profit share.
BKB holders may need to show proof of purchase during the ICO before they can stake if they do not stake with the same account they bought with.
BKB deposits will be disabled in Feb 2020 and any BKB laying dormant in accounts for over a year will be confiscated and burned.
BetKing supports multiple currencies for players to play in. We will convert the profit of all currencies to Bitcoin before distributing to accounts staking either every 2 weeks or once a month.
Summary:
We want less confusion for players and keep BKT and BKB more behind the scenes. We will remove token and exchange links from the homepage.
The token page will be removed and have a much simpler display in a separate tab on the invest popup.
The staking feature will also be on the invest popup in it's own tab.
Bankroll investors will pay commission at the end of every week.
For investors profit will be split as follows
50% - Bankroll investors, though they may receive up to 75% if paying commission using BKT
30% - Distributed to staked accounts
10% - Used to buy BKT on the BetKing exchange
10% - Site profit
We will make a separate announcement detailing features and changes that are good for players including a rakeback model as well as replacing the BKT leaderboard.
The affiliate model will also change to pay affiliates in the currency their players bet in instead of BKT.
These changes will take place over the next week.
Serial scammer Dean Nolan is probably planning on trying to raise that $10 million for his bitsafe scam so he can siphon it off and rip-off investors.... again.
After trashing this forum and the people that use it, after saying he makes announcements to investors on the TG channel and to his investors via email - what on earth is this attention seeking imbecile serial scammer Dean Nolan doing by posting those "announcements" here?
It seems he showing everybody he is working "hard" on betking for a reason and that reason is because he will probably launch his next scam very soon!
