BetKing.io Relaunch

[BetKing.io]

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.

The way old investors will be compensated is as follows.

There will be a public bankroll that anyone can invest new money in to, btc, eth, ltc etc.
We already have some small investors who will invest this way.

The new bankroll investors will be charged commission on any profit, e.g. 25%.

So if players lost 10 BTC (over some period) that means investors would have a profit of 10 BTC.

The house would then charge 2.5 btc (25%) commission on this.

This 2.5 btc will be used to refund old investor losses.

Then each time there is more profit and more commission that commission will also be used for refunds.


Now there is a priority system here.

We will first be using the commission to refund the investors who lost funds they invested in the bankroll when we were hacked. (most of these people also had BKB)

The commission will be split proportionately, so if you had 10% of the lost bankroll funds you would get 10% of the commission.

Once the bankroll funds have been refunded fully we will do the same process but now for BKB token holders where the commission will essentially buy back old BKB.

The price will be $0.09128 per BKB. Meaning all token holders would be in profit after having all their tokens bought back.

Again this will be split proportionately between accounts with BKB on site. (either deposited from own wallet or imported from old account).

This will obviously take some time for everyone to be refunded in full, we're talking over $2mm in total.

We need to attract old players and new ones (mainly not on this forum considering the false claims of scams we have here).

There's a way for old investors or token holders to be paid back faster though.

If you had a bankroll loss or hold tokens and choose to invest in the new bankroll (new funds deposited) then commission you would be charged will go 100% to refunding you.

So for example. If 2 investors were to be charged 0.1 btc commission but one of them had > 0.1 btc worth of tokens or old losses, they would get to keep the 0.1 btc and the other 0.1 would be used to refund everyone else who can't invest in the bankroll.

I think this is the fairest way and gives incentive for investors to invest even a small amount if they can. But it is not required at all.


Hope that clears things up. That's a long post and so if still any confusion let me know

[100bitcoin]

I won't make any money until that is done.

I don't think that is anything an actual scammer would be doing.

Would you accept a third party escrow to hold your bankroll? Otherwise, what is the guarantee that you wont run away with the fund again?

[BetKing.io]

I won't make any money until that is done.

I don't think that is anything an actual scammer would be doing.

Would you accept a third party escrow to hold your bankroll? Otherwise, what is the guarantee that you wont run away with the fund again?

I was going to delete that with your stupid false accusation.

However you do have a good point.

I have spoke to investors about a 3rd party holding funds, or themselves or a multi sig setup with multiple investors holding the keys.

All 9 investors asked at the time voted for me to hold the funds.

However, I have been thinking of allowing investors to hold funds themselves potentially.

It would mean any proof of funds page for the bankroll would have to list multiple addresses and each investor would need to sign a message proving the funds were being used on BetKing.

The problem though is I now need to trust the investor to send funds when a player wins. They could basically freeroll me and other investors.

It also means needing to ask multiple people to send their % share of that players winnings which could be a lot of hassle if it was to get funds off > 10 people to pay one person.

I could do it where they have to deposit 10-20% of their investment to reduce the back and forth but it still has problems.

[jonte]

I emailed you and never saw any of my initial investment of 1.5BTC/62626.94092BKB returned. How can you claim to have returned a lot of the originally invested funds?

[BetKing.io]

I emailed you and never saw any of my initial investment of 1.5BTC/62626.94092BKB returned. How can you claim to have returned a lot of the originally invested funds?

I asked you to email me many times before with your username and you wouldn't do it as you were scared I would ban you for some weird reason. Look where that's got you now.
How am I meant to resolve anything with you if you won't work with me?

Email me. This forum isn't where I resolve these things. Since it's full of trolls and idiots and you are not willing to show me proof you are even an investor.



And how can I "claim"? There's proof on the forum. Work with me instead of fighting against it and you will have a much easier time.

[codegnome]

I emailed you and never saw any of my initial investment of 1.5BTC/62626.94092BKB returned. How can you claim to have returned a lot of the originally invested funds?

I asked you to email me many times before with your username and you wouldn't do it as you were scared I would ban you for some weird reason. Look where that's got you now.
How am I meant to resolve anything with you if you won't work with me?

Email me. This forum isn't where I resolve these things. Since it's full of trolls and idiots and you are not willing to show me proof you are even an investor.



And how can I "claim"? There's proof on the forum. Work with me instead of fighting against it and you will have a much easier time.

Email me. This forum isn't where I resolve these things.

I think this is quite the opposite. Isn't it ideal for you or your company to solve this on the forum? Then you show your willingness to solve things and you don't hide your own behind proven situations.
This is therefore an excellent opportunity to clean up your house and resolve unsolved cases for victims.

[BetKing.io]

I emailed you and never saw any of my initial investment of 1.5BTC/62626.94092BKB returned. How can you claim to have returned a lot of the originally invested funds?

I asked you to email me many times before with your username and you wouldn't do it as you were scared I would ban you for some weird reason. Look where that's got you now.
How am I meant to resolve anything with you if you won't work with me?

Email me. This forum isn't where I resolve these things. Since it's full of trolls and idiots and you are not willing to show me proof you are even an investor.



And how can I "claim"? There's proof on the forum. Work with me instead of fighting against it and you will have a much easier time.

Email me. This forum isn't where I resolve these things.

I think this is quite the opposite. Isn't it ideal for you or your company to solve this on the forum? Then you show your willingness to solve things and you don't hide your own behind proven situations.
This is therefore an excellent opportunity to clean up your house and resolve unsolved cases for victims.

Actually unfortunately no it is not the place.

These claims started by JollyGood in 2018, before we had a hack, before we had ran out of ICO funds.
Since then I have posted in this very forum 100's of times defending and answering all questions and accusations and all that happened was him and his crew and the trolls just started twisting my words, burying my posts, ignoring anything I write, accuse anyone who said anything about getting a refund of being a sock puppet of mine or even an alt.

It's literally impossible to defend against because this shit hole forum allows for this even though it's clearly illegal what has happened to me here now. I'll deal with that in future.

What you have to ask yourself is where are all the hundreds of people I allegedly scammed for apparently millions of $?
Why are these people not posting? Where is the proof from actual investors that I stole funds? There are none. (one guy who got free tokens doesn't count and yes there might be the odd person who wasn't up to date on what was going on, but surely you would expect many people posting about huge losses like that no?

The fact is that almost all investors DO receive emails or chat with me on Telegram and know the plans for trying to refund. There's no need to post anything in this forum since the investors are not here.


 

[Cryptobillionaire]

you are suppose to outrightly tell send users emails that hey i am paying u now and they will respond, not just ask a user to email you. i will be reluctant to email you. cons like you have the potential to scam and re scam

[delfastTions]

I think that in such an interesting situation, when it is necessary to revive from the ashes the trust of users that has already been lost once, one cannot do without a guarantor, an escrow?
Why don't you write whether there is an opportunity to attract such a surety or guarantor that a large number of players would really trust?
Yes, you just probably won't find such a guarantor because, like everyone else, he does not trust you too much, given the negative experience in the past, especially since we are talking about large amounts of about $2M.
Write if it is possible to find a guarantor why you do not mark this in your posts?

[dimonstration]

New Promo for ALL players at https://betking.io

30% Rakeback on all bets without needing to grind out VIP levels (i.e. lose lots).
No playthrough required on rakeback amounts.
On top of that you get 5% loss back each week + an extra monthly loss back bonus!

Join our Telegram channel to keep up to date with the latest promos https://t.me/BetKingIOChannel


Old BKB token holder?
Create a new account with the same username or email as you did before and get in touch (support@betking.io) to get access to the BKB refunds page.
We have refunded $18,000 to BKB investors so far, long way to go but it's a start and increasing.

What will be the refund price for each token? And who is eligible for refund? I purchase your token upon listing on exchange after your ICO few years ago, I still have it on my wallet. I'm interested to know if you will refund my token since it loss a lot of value and there's no exchange that accepts it. Good thing I notice your thread while browsing gambling thread. Hoping for your positive response coz I spend a couple of Bitcoin just to buy BKB tokens on exchange.

[BetKing.io]

New Promo for ALL players at https://betking.io

30% Rakeback on all bets without needing to grind out VIP levels (i.e. lose lots).
No playthrough required on rakeback amounts.
On top of that you get 5% loss back each week + an extra monthly loss back bonus!

Join our Telegram channel to keep up to date with the latest promos https://t.me/BetKingIOChannel


Old BKB token holder?
Create a new account with the same username or email as you did before and get in touch (support@betking.io) to get access to the BKB refunds page.
We have refunded $18,000 to BKB investors so far, long way to go but it's a start and increasing.

What will be the refund price for each token? And who is eligible for refund? I purchase your token upon listing on exchange after your ICO few years ago, I still have it on my wallet. I'm interested to know if you will refund my token since it loss a lot of value and there's no exchange that accepts it. Good thing I notice your thread while browsing gambling thread. Hoping for your positive response coz I spend a couple of Bitcoin just to buy BKB tokens on exchange.

Email support@betking.io for more info. You will need to deposit your BKB to be eligible for refunds.

[popcorngolf]

I won about 2.6 bnb in the last promotion top wagared and after over one week of playing , betking refuse to pay me the winning , I lose over 1000 USD in other site because the bad morale because of betking always , I ask for refund and enable my withdrawal of winning if the site and team is legit , my account username is adrarbilal

[btc78]

I won about 2.6 bnb in the last promotion top wagared and after over one week of playing , betking refuse to pay me the winning , I lose over 1000 USD in other site because the bad morale because of betking always , I ask for refund and enable my withdrawal of winning if the site and team is legit , my account username is adrarbilal

have you send ticket ? if does and yet nothing happens  then best to Post the complete details here with proofs as OP is now active again and he might answer you directly.
as they are trying to regain their reputation then try to put complete details also here.
this may help them also about their relaunching and getting back more players from this forum .

[Desmong]

I emailed you and never saw any of my initial investment of 1.5BTC/62626.94092BKB returned. How can you claim to have returned a lot of the originally invested funds?

I asked you to email me many times before with your username and you wouldn't do it as you were scared I would ban you for some weird reason. Look where that's got you now.
How am I meant to resolve anything with you if you won't work with me?

Email me. This forum isn't where I resolve these things. Since it's full of trolls and idiots and you are not willing to show me proof you are even an investor.



And how can I "claim"? There's proof on the forum. Work with me instead of fighting against it and you will have a much easier time.

Why are you harsh against some questions? I know how it feels like when when you are consecutively being asked a refuted questions over and over again, but I don't think you need to be aggressive on question matters. Try as much to politely respond to what you feel like answering and I mean no harm here. Enjoy your welcome here!

[mak013]

I emailed you and never saw any of my initial investment of 1.5BTC/62626.94092BKB returned. How can you claim to have returned a lot of the originally invested funds?

I asked you to email me many times before with your username and you wouldn't do it as you were scared I would ban you for some weird reason. Look where that's got you now.
How am I meant to resolve anything with you if you won't work with me?

Email me. This forum isn't where I resolve these things. Since it's full of trolls and idiots and you are not willing to show me proof you are even an investor.



And how can I "claim"? There's proof on the forum. Work with me instead of fighting against it and you will have a much easier time.

Why are you harsh against some questions? I know how it feels like when when you are consecutively being asked a refuted questions over and over again, but I don't think you need to be aggressive on question matters. Try as much to politely respond to what you feel like answering and I mean no harm here. Enjoy your welcome here!

If you haven`t noticed - it was a year ago. I think that it does not matter what and how he answered that time. Much more interesting the moment with refuse to pay winning to @popcorngolf. We need some more information, but this is one more moment to be more attentive with this casino.

[Grab]

support don't want to pay winning
owner created fake promotion for scam gamblors
betking.io is scam , the owner is scammer
again , betking.io is scam

Can you prove it ? 

[VanityWallets2015]

Is there actually an update to Betking.io, is the site still active with Bitcointalk players? I read very little about it on the forum. They have been around in the gambling industry for quite some time. If you Google Dean Nolan, a lot of hits will come up. Pretty familiar name. Last post is not substantiated with evidence. Just write that it is a scam is not as a proof.

[BetKing.io]

Is there actually an update to Betking.io, is the site still active with Bitcointalk players? I read very little about it on the forum. They have been around in the gambling industry for quite some time. If you Google Dean Nolan, a lot of hits will come up. Pretty familiar name. Last post is not substantiated with evidence. Just write that it is a scam is not as a proof.

I'll give you a quick update and history of what happened.

We were the biggest crowdfunded dice site from 2015-2016 (Just-Dice had closed, we were never close to being as big as they were).
BetKing made investors 7400 BTC by the time we closed in Dec 2016.
All investors withdrew their funds with no issues (there was about 6000 BTC in the bankroll at that time, keep that in mind when you hear people say scam, there's proof on here of all investors withdrawing with no issues).

We decided to relaunch in Sept 2017 after doing an ICO. Why? Because an ICO gives us business funds to actually use on marketing and trying to grow the site bigger.
The 6000 btc previously invested couldn't be used for anything except as bankroll to accept bets.

We raised $6 million in the ICO ($1 million of that was put in by me).

Around summer of 2018 there was a huge smear campaign started on this forum, BEFORE anything had gone wrong with BetKing, claiming that the site was a scam.
It was clearly tactical and possibly done by competitors or someone who had lost on the site. Someone with SEO expertise if you look at the old posts. But it did put a lot of players off playing even if untrue.

Unfortunately, by Dec 2018 we had run out of ICO funds for a number of reasons that have been posted elsewhere and that all token holders are well aware of.
What is usually ignored is that token holders actually received over $3 million of the initial investment back by this point.

The smear campaign continued even stronger and investors were divided at this point and it made it almost impossible for us to do anything to actually recover funds.
We tried though. Some token holders even put extra funds in to the bankroll of the site so that we could continue.
Unfortunately there was a hack that lost a lot of these funds too. The code for the version of the site at the time of the hack was developed by hired developers.
However, I still admitted blame for failure to detect the hack either in review or testing.

That gave a lot more ammunition to the trolls/competitors that wanted to see the site die off.
Despite what you read, these people never cared about investors getting their money back. They wouldn't be on the attack as much as they are if they did.

At this time I couldn't see any way out of this or any way that investors would trust the site to put more funds in and felt forced to close in oct 2019 with the promise
that IF (and the trolls made this almost impossible) I were to have success in any other project in future that I would refund them personally (including ICO token holders).

I will point out that no players lost money here. We paid out as much of the balances as possible and then two other casinos helped with refunding some other players via affiliate bonuses.

2 years went past where I had potentially good projects to launch but with no ability to share with anyone to try and get investment or support as I knew the forums could damage any new brand faster than I could build it.

I decided in the end that it would just be better if BetKing was online than off and any profit at all was used to refund old investors even if it took a very long time.

So here we are. The site is online. The bankroll is privately funded by old investors who lost funds either in the ICO or the hack.
The profit made, while small at the moment, has been refunding old investors losses.

All previous token holders have access to a refunds page that shows the amount to be refunded, amounts currently refunded and some plans.
I see no reason for this page to be public considering there is no one on this forum who bought tokens or lost in the hack that hasn't already got access to this page.
All the scam accusation posts are made by people who didn't play or didn't invest and then everyone else just took their word.

We have plans to make the site better in 2022 (sports being one).
The current bonus system is better than all other casinos (50% of all losses/ev back with no grinding levels).
We won't get all old players back or convince everyone to trust the site.
New players will still get put off due to google results and seeing the lies on this forum.

What I find odd is that other sites who had hacks don't get the same treatment. There was a bustabit clone that got hacked and the owner said they would refund investors by taking no commission and everyone was fine with that. When I say the same it's nothing but abuse.

Then there's other sites that did ICO's and actually just stole millions of $ off their investors yet players continue to play at the site even though the owners have been ignoring investors for years and they get only a small fraction of the hate on here as we do.

But, BetKing it's still going and refunding old investors losses despite the hate and lies here and that's all that matters.

[TwitchySeal]

From their TG channel:

BetKing.io is no longer open to players.

This site is only available for old investors and token holders to login and withdraw refunds from their past investment.

Refunds are distributed every 3 months.

If you were a previous investor that created their account before 2021 please email support@betking.io to gain access to the refunds page

If you are looking for somewhere to play we recommend playing on https://stake.com/[removing affiliate link]

Signup with our link and you will receive $35 welcome bonus!

[JollyGood]

Thank you for the information. Keeping what you wrote and what currently shows on the website, it still does not mean it is the end of the betking or serial scammer Dean Nolan. Maybe he will relaunch again in a few weeks time.

From their TG channel:

BetKing.io is no longer open to players.

This site is only available for old investors and token holders to login and withdraw refunds from their past investment.

Refunds are distributed every 3 months.

If you were a previous investor that created their account before 2021 please email support@betking.io to gain access to the refunds page

If you are looking for somewhere to play we recommend playing on https://stake.com/[removing affiliate link]

Signup with our link and you will receive $35 welcome bonus!