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Topic: [ANN] [ICO] Xwin – CryptoBet betting platform based on blockchain - page 94. (Read 13245 times)

member
Activity: 126
Merit: 10
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://bitcointalksearch.org/topic/bounty-xwin-cryptobet-betting-platform-based-on-blockchain-2638871) it will directly lead you to bounty campaign where you can check out Xwin's twitter and facebook.
copper member
Activity: 205
Merit: 2
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?
newbie
Activity: 70
Merit: 0
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.
newbie
Activity: 42
Merit: 0
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".
member
Activity: 126
Merit: 10
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.
newbie
Activity: 70
Merit: 0
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.
member
Activity: 126
Merit: 10
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.
newbie
Activity: 42
Merit: 0
Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
Interesting suggestion, but what if we go the other way around. What if there was 20% tax, do you think that would work?
I'm not sure if I understand which kind of tax you mean, tax on a bet or on a prize.
newbie
Activity: 70
Merit: 0
Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
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.
newbie
Activity: 42
Merit: 0
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
Could you explain in which way are connected size of most bets and law expenses?
Does this project not get a percentage off of a bet someone made? If it does then the money they make is going to sustain this project's health and security.
As far as I understad, this percentage is not of bets but of investments
member
Activity: 126
Merit: 10
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
Could you explain in which way are connected size of most bets and law expenses?
Does this project not collect a percentage off of a bet someone made? If it does then the money they make is going to sustain this project's health and security.
newbie
Activity: 42
Merit: 0
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
I think 15% is a healthy amount. With a lower percent it would probably be a fraud.
Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
Could you explain in which way size of most bets and legal expenses are connected?
newbie
Activity: 70
Merit: 0
Betting is a heavily regulated sphere, so it's better to pay more to be safe.
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
Also, what countries are you talking about? Which states do you think will be more safe for betting?
member
Activity: 126
Merit: 10
Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
Interesting suggestion, but what if we go the other way around. What if there was 20% tax, do you think that would work?
newbie
Activity: 70
Merit: 0
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
I think 15% is a healthy amount. With a lower percent it would probably be a fraud.
Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?
Because according to the size of most bets, 10% of the money is not that much to cover expenses to all important things such as lawyer.
member
Activity: 126
Merit: 10
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
I think 15% is a healthy amount. With a lower percent it would probably be a fraud.
Well, that is true. But I still think that it would be better if some part of funds allocated for legal services would be used in the development, for example.
I see you mentioned your home country. Don't you think legal services will cost a different amount of money in different countries and especially when we're talking about a project that is going to operate basically worldwide?
member
Activity: 112
Merit: 10
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
I think 15% is a healthy amount. With a lower percent it would probably be a fraud.
Well, that is true. But I still think that it would be better if some part of funds allocated for legal services would be used in the development, for example.
member
Activity: 126
Merit: 10
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
I think 15% is a healthy amount. With a lower percent it would probably be a fraud.
Why are you biased to this number? Why would some other percentage such as, say, 10% appear more dishonest?
newbie
Activity: 70
Merit: 0
Betting is a heavily regulated sphere, so it's better to pay more to be safe.
That depends heavily on the country, in my opinion. For example, the number of 15% seems wild to me, as in my homeland betting is mostly free from unneeded constraints of law.
I think 15% is a healthy amount. With a lower percent it would probably be a fraud.
member
Activity: 126
Merit: 10
It is written in the whitepaper that you will spend 15 % of ICO funds on lawyer and legal support. Don't you think that that would be an overkill, and you should spend less?
Betting is a heavily regulated sphere, so it's better to pay more to be safe.
In terms of safety, aren't regulations designed to establish control over areas that could be vulnerable? Although, a legal team could help deal with abusive and disruptive clients and help ensure a safe environment when dealing with similar projects.
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