BetKing.io Relaunch

[Chikito]

I don't know why I am worried.



The red card warning me as legendary here. Seems this is a serious problem.

[1714798066]

1714798066

[1714798066]

1714798066

[Kemarit]

It would have been better if you fully refunded all those who lost money before starting over again or those who aren't willing investors. Some gambling platforms like Betnomi managed to reversed the negative feedback about them and actually attracted a lot of players (from what I see) but your issue is way worse than them. Best of luck.

That is great of Betnomi but we are just not in the situation where that is possible right now. If I had Bitcoin to refund everyone I would.

I have managed to pay back around $100,000 in the past 6 months hence why the investors are willing to invest again.

But since I can't just refund all myself right now I think taking the approach as some other sites, like ethercrash recently did when they were hacked last week, is by paying back with commission is the best we can do right now.

For now you don't have the money to refund everyone who have lost their money. But what if you made a successful comeback, earn a good profits, what is your plan then? are you still going to pay back those who have lost?

Good luck though, we all know that gamblers here and investors doesn't forgot about how such a big ICO's back then lose everything including investors money, so the question of 'trust' is always there.

[BetKing.io]

It would have been better if you fully refunded all those who lost money before starting over again or those who aren't willing investors. Some gambling platforms like Betnomi managed to reversed the negative feedback about them and actually attracted a lot of players (from what I see) but your issue is way worse than them. Best of luck.

That is great of Betnomi but we are just not in the situation where that is possible right now. If I had Bitcoin to refund everyone I would.

I have managed to pay back around $100,000 in the past 6 months hence why the investors are willing to invest again.

But since I can't just refund all myself right now I think taking the approach as some other sites, like ethercrash recently did when they were hacked last week, is by paying back with commission is the best we can do right now.

For now you don't have the money to refund everyone who have lost their money. But what if you made a successful comeback, earn a good profits, what is your plan then? are you still going to pay back those who have lost?

Good luck though, we all know that gamblers here and investors doesn't forgot about how such a big ICO's back then lose everything including investors money, so the question of 'trust' is always there.

Thanks

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

[acquafredda]

Did you make a detailed post with evidence explaining exactly what happened to the money? Having everything in one single post (how much, how, when, tx ids, etc) would definitely help gain the trust of potential investors. 

I suppose answering the above questions would probably create a fertile soil to have a new betking relaunch if not supported at least not opposed by the community. Following TwitchySeal suggestion can help you boost your trust rating here.
You understand that backing your project with some good intentions is not enough.

[rijaljun]

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

That's great to know but I don't think your site will not be earning anything unless someone will invest which I doubt since there's still have some investors that's not been paid yet. Not unless you will use your own money to fund the bankroll of your casino.

[Bitinity]

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

So what will be earned by your investors (those who invest in your public bankroll once you relaunch it) if all profit will be used for refunds? So in other words you are trying to get new investors with no chances to earn from what they invest till all past investors are refunded? Long term purpose is indeed good for the house but still there is no guarantee that you will make good profit to refund old investors especially due to your current reputation that will make gamblers worries to spend their money on your site. It makes your chance to get profit is low compared to other normal site with neutral reputation.

[BetKing.io]

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

So what will be earned by your investors (those who invest in your public bankroll once you relaunch it) if all profit will be used for refunds? So in other words you are trying to get new investors with no chances to earn from what they invest till all past investors are refunded? Long term purpose is indeed good for the house but still there is no guarantee that you will make good profit to refund old investors especially due to your current reputation that will make gamblers worries to spend their money on your site. It makes your chance to get profit is low compared to other normal site with neutral reputation.

OK so it seems there's some confusion there.

The way the site works, as any public investment site, is player losses go to the bankroll investors THEN the site takes a commission as the site profit.
This commission is what will be used to refund old investor losses.

So new investors won't be screwed here. The site works as normal for them.
But instead of me taking the commission I will be refunding old losses with it.
So you should read then as "All My Profit"

Also keep in mind I am not even trying to get new investors. I have investors. This is just an option so that IF we do get new investment then we can cater to highrollers.

[nelson4lov]

What measures have been put in place in order to make sure what happened before won't happen again and rekt the new investors on the site? With so many negative reviews and bad experiences in the past, I'm not sure a lot of people would be happy to use their funds on their website should it get relaunched. You have to do more than just say you'll refund old losses with the new bankroll commissions. So if you would relaunch, it's best to come up with something better. Also, I would suggest you give a detailed explanation about what happened last time.

[acroman08]

I know this is a "what if"  question but what happens if the website got hacked again similar to what happened in 2019? how will you pay the new investors then? and what precautions are you going to take in order a hack never happened again on your website? I know questions are pretty generic but it is important. no offence but to be honest I would advise people to avoid your website with all of this uncertainty.

[BetKing.io]

I know this is a "what if"  question but what happens if the website got hacked again similar to what happened in 2019? how will you pay the new investors then? and what precautions are you going to take in order a hack never happened again on your website? I know questions are pretty generic but it is important. no offence but to be honest I would advise people to avoid your website with all of this uncertainty.

Very good question.

BetKing pre ICO was coded by myself.

After the ICO we hired a number of developers. When developing an update (for eos token support) a bug was introduced by one of the other developers that allowed people to gain access to their server seed and predict the bet results.

This was fixed, and the fix was shown to investors at the time, though it was too late by then.

This new version is again coded by myself only and there won't be any issue with this. No code from any other person will be on the site at all.

The investors who are funding this already know all this and that is why they are even investing at all.

There will obviously be more monitoring (automated and manual) and frequent auditing to make sure there are no other issues but that specific bug that caused the hack before will not be possible.

[tippytoes]

Watching if you can really come back to your business. As you said, you already have investors and you're not asking from anyone here. So maybe, just launch your casino and let's see from there. People will play on your site if they want to. So let's see how you can turn this negative trust to at least neutral in the coming months.

[Yaunfitda]

I know this is a "what if"  question but what happens if the website got hacked again similar to what happened in 2019? how will you pay the new investors then? and what precautions are you going to take in order a hack never happened again on your website? I know questions are pretty generic but it is important. no offence but to be honest I would advise people to avoid your website with all of this uncertainty.

Very good question.

BetKing pre ICO was coded by myself.

After the ICO we hired a number of developers. When developing an update (for eos token support) a bug was introduced by one of the other developers that allowed people to gain access to their server seed and predict the bet results.

This was fixed, and the fix was shown to investors at the time, though it was too late by then.

This new version is again coded by myself only and there won't be any issue with this. No code from any other person will be on the site at all.

The investors who are funding this already know all this and that is why they are even investing at all.

There will obviously be more monitoring (automated and manual) and frequent auditing to make sure there are no other issues but that specific bug that caused the hack before will not be possible.

Possible to hire some third party to audit your code though? Are there any separate group to do some stress testing. You can't be the developer and at the same time be the QA because you will be biased on the test cases, test run that you are going to write.

That's why I ask this so that everything will be transparent to you and to your investor as well.

[TitanGEL]

There something fishy here, I do not judged the BetKing.io but their reputation is so bad because of their previous services. Ask your self and your employees first if you can regain the reputation that you lost or not? If yes then you should not be afraid to be criticize by others as long as you will give good service for us gamblers. If not then it is just a waste of time to relaunch the casino that you been coded. And also when you will refund those people who make investment before in you? If you started to refund that then I think it will be a trigger for some people to change their perception about your site again. Let's see if the site will gain customers again or it will have poor review again not only in forum but in all over the internet.

[Jating]

It would have been better if you fully refunded all those who lost money before starting over again or those who aren't willing investors. Some gambling platforms like Betnomi managed to reversed the negative feedback about them and actually attracted a lot of players (from what I see) but your issue is way worse than them. Best of luck.

That is great of Betnomi but we are just not in the situation where that is possible right now. If I had Bitcoin to refund everyone I would.

I have managed to pay back around $100,000 in the past 6 months hence why the investors are willing to invest again.

But since I can't just refund all myself right now I think taking the approach as some other sites, like ethercrash recently did when they were hacked last week, is by paying back with commission is the best we can do right now.

For now you don't have the money to refund everyone who have lost their money. But what if you made a successful comeback, earn a good profits, what is your plan then? are you still going to pay back those who have lost?

Good luck though, we all know that gamblers here and investors doesn't forgot about how such a big ICO's back then lose everything including investors money, so the question of 'trust' is always there.

Thanks

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

I'm just thinking that maybe we will have to wait and see if you can get some profit first and refund all the players or investors who lost money on your site and maybe, just maybe you can get the trust of gamblers again specially in this community.

It will be long and hard journey for you, but if you are really 'sincere' and like amends things and patch everything, then only time can tell. And with that said, I will say that I will be skeptical and not 'trust' your site.

[Kelvinid]

If the purpose of having this relaunch is to gain respect and trust to your site will be that good but wondering how the people will react and give that trust you've asking easily with any proof to see. The trust that attached with your name and the company will give doubts and that it not lighten up to everyone.

How'd to know that you are serious about solving the issues you've been committed to before? You'll not be saying that easily because people got to know what is the possible ends trusted to someone who got distrusted multiple times. I'm not disclosing this scenario but gamblers will consider somehow in the future if you are consistent enough with the changes that you're hoping for.

[Rodeo02]

Thanks

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

The question is who will play if your website is untrustworthy  . Thats the hard thing you need to get back the trust of investors and trust from your own users . You need to gain the trust of players first before you are able to refund the amount lost by investors and it takes more time and effort and explanations.

[VanityWallets2015]

There's red warning on top of your thread stating that there's strongly beloved that you are a scammer.
I was wondering how are you going to win back the trust of the forum and your investors? It's good thing that you will give 100% of the profit to pay the previous investors.
But it looks like no one is interested on investing to your casino and for reference when are you planning to relaunch the Betking.io?

[arwin100]

Thanks

As stated in the original post, 100% of site profit will be used for refunds. I won't make s single sat until all investors are refunded in full

The question is who will play if your website is untrustworthy  . Thats the hard thing you need to get back the trust of investors and trust from your own users . You need to gain the trust of players first before you are able to refund the amount lost by investors and it takes more time and effort and explanations.

If they market there Casino outside in the forum provably they will get a players there but that's a lot of effort to do since even by here there's no user will promote them and give them a good feedback so in terms of marketing their site for sure they will spend more money just to get a traffic.

Here I doubt they will get players since they already tag as a bad site to try by the gamblers.

[BetKing.io]

There's red warning on top of your thread stating that there's strongly beloved that you are a scammer.
I was wondering how are you going to win back the trust of the forum and your investors? It's good thing that you will give 100% of the profit to pay the previous investors.
But it looks like no one is interested on investing to your casino and for reference when are you planning to relaunch the Betking.io?

All the red flags were left by people who did not invest, who did not lose funds and who didn't even play on the old site.

I am not looking to gain back the trust of these people and this forum won't be where we focus on getting players.


EDIT: If you are incapable of reading the original post and then post nonsense claims of scam with no evidence or just waffle on to boost your signature campaign posts you will be deleted. There's already a hate thread (which cencors me funnily enough) that you can post your incoherent ramblings in.

[TGD]

How will you compensate those old investors that still stock and forcefully holding your BKB tokens until now? Will you give them bonus just like an airdrop or some bonus to cover there investment loss since most of us are feeling left behind after the hack and your announcement of bankruptcy.

This is my honest question and I'm still hoping to receive your honest reply.