Rubies will be one payment option available to invest in this Project.
will there be an ICO again?
Well, unlike the stakeholder program this will become a token that eventually encompasses profit sharing from every business we own and operate. There will be the option to invest using BTC/NXT/RBIES if we achieve at least 50% of our target goal within 60 days of token launch then we can hire a larger team to complete business development goals by end of 2016- second quarter 2017. I'll have full information available once the branding is completed in the coming weeks.
what other businesses do u own ? and how many rubies does the dev team holds as of now ?
We have 2 blockchain businesses and some outside this industry (in fiat world), but this token will end up benefiting from all we are a part of now, and the ones planned for next year. We hold what is in the BetterBets.io bankroll 1,960,411 Rubies. These will continued to be used for as long as players are still using Rubies. The new token will become another option for players on BB as well in time. The new announcement will explain most of this, for now no action is needed and this will be the next evolution for our team and those who wish to partake.
Let me expand on this a bit. While business development is officially Bjorn's domain, the fact is that we've been bouncing ideas between the two of us on an almost daily basis for more than two years. We've come up with a lot of ideas, discarded most of them as not practical for various reasons but over the course of the past year, a few definitive projects have emerged from our collective brainstorming.
Two or three of these are in the world of crypto, but quite frankly, the ones we are most excited about (and we believe have the highest profit potential) are outside of the realm of crypto and most of them put us into regular startup territory. I am absolutely convinced that we have the skillset to bring these projects to completion and drive them towards success, but we would like to hire some external developers in order to be able to accelerate development and bring these projects to market a lot quicker than just the two of us would be able to. The ICO funds will be used towards this goal and the put participants on a profit sharing plan whose details will be defined in the near future.
Now, this being crypto with it's history of unfulfilled promises, we understand that there may be some apprehension towards such a scheme. But consider the fact that a little over a year ago we have founded a crypto gambling site which brought lots of innovative ideas to the market and has been a consistent top-5 bitcoin casino for over 6 months now. Together with this, we have defined a profit sharing plan for stakeholders who trusted us enough to buy into our casino which in 5 months time has paid out approximately 50% of their initial investment over the course of 5 months. This puts stakeholders who trusted us and bought into our casino on track to achieve ROI in less than 1 year and if they choose to do so, they can continue to participate in the profit sharing plan in the future which, by our estimation, makes this a pretty sweet deal.
Draw your own conclusions from the above. We know what we're doing and we're serious about our plans. They can not be revealed ahead of time in order not to draw unwanted competition but rest assured that we've done our homework and that our plans are solid.
