Topic: [ANN][ICO][BKB] BetKing Bankroll Token - 465 BTC raised in pre-sale! (Read 35688 times)

i have joined both bitcointalk and twitter bounty. good luck with that.

should i retweet twits with the hashtag #ICOBetKing,
or should i tweet all twits and use the hashtag #ICOBetKing

TrueFlip and BetKing are both into Gambling industry and they already established a name. And both questioned by some why conduct an ICO if they already profited from it? I say it's their way to share the profits to everyone. Whether it's a profit or a loss, the impact will be minimal for the devs. And if its positive, everyone will reap the rewards.

Trueflip just a newcomer but they allready raised BTC1765
Betking Pre-ICO raised BTC465 , its easy to reach CAP for betking when the ICO start, because betking One of the biggest ever.
Lets wait and see mate hehe.

I congratulate Betking for their successful ICO. Almost a million dollars was gathered. I suppose and should be confident that the amount can be used and is SUFFICIENT to cover all costs to create a successful project such as Betking.

New totals raised so far in the (extended) pre-sale

btc=337.49687818
eth=677.634523292

Correct except one thing.
My buy back price does not reduce after buying back. So if sa I bought 10% of tokens back for $1 or whatever after first quarter.
The remaining tokens are still worth $1 and then have the profit of next 3 months added on top of that

hello BetKing.io bounty campaign manager. my stakes for tweets are still not showing and the icon that says connect to twitter has a red error sign. please update my bounty account. thanks

are there still any bounties open?

The presale is still open and therefore you can participate at a 25% discount at the moment by contacting Dean via email ([email protected]) or PM the admin here

I would like to join in the crowdsale

Thank you for this answer.

Please hear me out on this, and hopefully this explains what I mean and hopefully a better situation for all. 

Hypothetical:

Money Raised:  $10,000,000
70% Bankroll:  $ 7,000,000
30% BetKing:   $ 3,000,000

Price per token:  $10,000,000/70,000,000  = $0.14

Q1 Profit:  $500,000
Bankroll at end of Q1:  $7,500,000

Buyback 10% of tokens: 71,000,000 x 10% = 7,100,000 (includes bounty token holders)

Buyback price:  $500,000/100,000,000 tokens = .005 + 0.14 = .145

Reduction to bankroll:  7,100,000 x .145 = $1,029,500.00

Bankroll value after buyback:  $7,500,000 - $1,029,500 = $6,470,500

Remaining Investor tokens outstanding:  71,000,000 - 7,100,000 = 63,900,000

Value of token after buyback as proposed:  $6,470,500 / 100,000,000 = 0.064705
(this is where the dilution comes into play, although not a typical dilution as in the stock market) - Q2 would need to overcome the deficit just to break even.

Value of token after buyback if repurchased tokens were burned:  $6,470,500 / (100,000,000 - 7,100,000 = 92,900,000) =  0.069650161


When companies buyback shares, the outstanding shares are reduced, thus raising the value of the remaining shares.  I understand that these are not shares, but the same theory applies.

Don't get me wrong, I'm not trying to dog your project, on the contrary, I'm still very interested under the right circumstances. I think there is value in your casino and profit to be made if done correctly.  I just think that by not burning the re-purchased shares it's a losing situation for the investor.

Please consider burning the re-purchased tokens, you would still always have the majority of tokens and they would be worth more and the more you burn, the higher percentage your 29,000,000  tokens represent (or whatever the final number is after all marketing and costs).  You would still achieve your goal of owning all tokens eventually.

Thanks for listening/considering.

Regards,
Dave

are there still any bounties open?

Will my Blog Articles post on July 21 be accepted?

i am in betking s twitter bounty program and there is no problems with it,just rettwit and wait ,your stakes will add ,all is right there.