[ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far - page 21.

BetKing.io

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Quote from: jacaf01 on November 29, 2016, 06:35:34 AM

From my calculation you guys have done quite well with an average profit of 5.56BTC per day. My question is how do you come about the decision to divest since in assessment the business is still profitable and again who are those buying up their stake in the business also you said the business is now private why do you need public funding then, since the ICO shareholder will have no say on decision making.

I will like to know if the fund is capped, to prevent over-funding

The funding we allowed before that was crowdfunded was used only for the bankroll that players would bet against.
We have 6000 bitcoin invested this way but it can't be used to improve the business.
It is also a lot more than is really needed.
So I decided to divest everyone and bankroll the site privately.

The ICO is to sell shares in the company to raise capital to use for real marketing, development and improving the site.

There is no cap on the funding.

jacaf01

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The revolutionary trading ecosystem

From my calculation you guys have done quite well with an average profit of 5.56BTC per day. My question is how do you come about the decision to divest since in assessment the business is still profitable and again who are those buying up their stake in the business also you said the business is now private why do you need public funding then, since the ICO shareholder will have no say on decision making.

I will like to know if the fund is capped, to prevent over-funding

BetKing.io

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Quote from: DarkDays on November 29, 2016, 05:41:47 AM

Will there be any limitations to what we are able to do with our shares? Mainly, if we are looking to divest at some point in the future, are we free to sell our shares to whomever we'd like?

Am I correct in that the shares/% of the company extends to ALL future companies as well? That is to say, will everything you roll out (casino games, sportsbetting, poker platform) be under the "Betking" brand and thus be apart of our investment? Are you willing/able to give investors a guarantee that you won't develop any product and launch it outside of the "Betking" brand? Also, will investors have any sort of meaningful voice when it comes to things like deciding what kind of product to launch and/or how much risk we're willing to take?

Lastly, on a personal note, I have many years of experience working in the poker industry so if you're serious about launching a new poker platform and are looking for a consultant, feel free to contact me privately. I know I never fail to remind you, but I was the person who suggested to you that you start a dice game on the old PRC so you know I have solid ideas.

Hi
So the shares are company shares and not bankroll shares.
So you do get a share of every product that BetKing develops or purchases or related sites, e.g. if I started a separate sports site though I would really launch it on BetKing.io. This wouldn't be shares for any future unrelated companies I might ever do. e.g.an exchange (though I don't have a real plan to do that anyway). So any Bitcoin gambling related products would be in this share.

You can't just divest your shares from the company if you mean by selling them back to me for Bitcoin.
But we will setup a trading platform either on site or with coin exchanges where shareholders can trade.

No single investor would have enough equity to make any final decisions however I would definitely listen and take on board advice from majority of people.

Hope that clears that up.
Thanks

DarkDays

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Will there be any limitations to what we are able to do with our shares? Mainly, if we are looking to divest at some point in the future, are we free to sell our shares to whomever we'd like?

Am I correct in that the shares/% of the company extends to ALL future companies as well? That is to say, will everything you roll out (casino games, sportsbetting, poker platform) be under the "Betking" brand and thus be apart of our investment? Are you willing/able to give investors a guarantee that you won't develop any product and launch it outside of the "Betking" brand? Also, will investors have any sort of meaningful voice when it comes to things like deciding what kind of product to launch and/or how much risk we're willing to take?

Lastly, on a personal note, I have many years of experience working in the poker industry so if you're serious about launching a new poker platform and are looking for a consultant, feel free to contact me privately. I know I never fail to remind you, but I was the person who suggested to you that you start a dice game on the old PRC so you know I have solid ideas.

JariKriting

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Undeads.com - P2E Runner Gamem

what is name betking token
and how much price betking token
project betking token can release to exchanger or not

BetKing.io

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Quote from: butcherboss on November 29, 2016, 04:56:41 AM

Cool nice idea. Are you planning on making it a coin and listing on exchange?
And will it be possible to sell the shares if not on a exchange?

I would be looking at getting a coin on an exchange to allow trade yeah. Or trade directly on the website. These details will be finalised before the end of the ICO.

butcherboss

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Cool nice idea. Are you planning on making it a coin and listing on exchange?
And will it be possible to sell the shares if not on a exchange?

asti5034

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cool, great website

BetKing.io

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Quote from: Paidi on November 29, 2016, 04:04:08 AM

Quote from: topesis on November 29, 2016, 03:46:47 AM

Another Betting project ICO, I think people are looking at the success of projects like Vdice and want to take advantage of this, Betting market is huge wishing the best.

But a few weeks ago Betking ready for sale https://bitcointalksearch.org/topic/betkingio-for-sale-7100-btc-profit-bitcoin-gambling-site-1676311
So I do not understand why they opened ICO OP may be able to explain it here

It's harder to find one buyer to buy a site for 6000+ coins than to crowdfund investment for less and a share of company.

BetKing.io

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Quote from: ultrloa on November 29, 2016, 03:55:45 AM

Then how could you advertise then? if you dont need those bounty hunter? I think bounty hunters can help spread the word for this project and as you can see ICONOMI and other ICO project make some noise and notted by investors since bounty hunters make some noise to social media's aswell as here, but if you cant afford to hire bounty hunters help well this should be more interesting on how you could get more investor. Grin

It's not a problem with not being able to afford it at all, especially since I could do it is extra shares.

The fact is BetKing currently has 6000 Bitcoin invested and most of those investors are in a group chat on slack and so know about this thread already.
So they can invest a decent amount without me doing any extra advertising.

BetKing.io

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Quote from: Persepolis on November 29, 2016, 03:56:50 AM

Dean - i made a withdrawal from the site (its pending, its rather large, i dont know if your hot wallet would cover it) - but this was before i read this thread. is it possible for you to cancel the withdrawal? just for sake of speed. If not, it doesnt matter, i can just re-deposit. figured id save myself the transaction fee if possible.

User Name: BTCINVEST1

Will do. Thanks

puremage111

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Quote from: topesis on November 29, 2016, 03:46:47 AM

Another Betting project ICO, I think people are looking at the success of projects like Vdice and want to take advantage of this, Betting market is huge wishing the best.

This might be a better ico project, as this project has been running for years and already made profit

Paidi

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Quote from: topesis on November 29, 2016, 03:46:47 AM

Another Betting project ICO, I think people are looking at the success of projects like Vdice and want to take advantage of this, Betting market is huge wishing the best.

But a few weeks ago Betking ready for sale https://bitcointalksearch.org/topic/betkingio-for-sale-7100-btc-profit-bitcoin-gambling-site-1676311
So I do not understand why they opened ICO OP may be able to explain it here

Densitymax

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An interesting project, something on similarity with vDice, I think would be a good idea to take part.

Capefear

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it's the ico week? a lot of ico in the past days, it will be hard to chose which one buy in Cheesy

But I like to bet and this one could make me bet! moon!!

Persepolis

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Dean - i made a withdrawal from the site (its pending, its rather large, i dont know if your hot wallet would cover it) - but this was before i read this thread. is it possible for you to cancel the withdrawal? just for sake of speed. If not, it doesnt matter, i can just re-deposit. figured id save myself the transaction fee if possible.

User Name: BTCINVEST1

ultrloa

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Then how could you advertise then? if you dont need those bounty hunter? I think bounty hunters can help spread the word for this project and as you can see ICONOMI and other ICO project make some noise and notted by investors since bounty hunters make some noise to social media's aswell as here, but if you cant afford to hire bounty hunters help well this should be more interesting on how you could get more investor. Grin

topesis

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Another Betting project ICO, I think people are looking at the success of projects like Vdice and want to take advantage of this, Betting market is huge wishing the best.

biteboy

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Cool official website ,i like it.https://betking.io/

BetKing.io

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Quote from: Paidi on November 29, 2016, 03:12:51 AM

Do token can be traded in the exchanger? or can be used to gamble in Betking.io ?
You should add on about this

If we do alt coin or counterparty route we will look at getting the coin listed on an exchange.
I am not sure about the legality concerning allowing them to be gambled with on BetKing though so I can't comment or say that that would be something we do.

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