[ANN][ICO][BKB] BetKing Bankroll Token - 465 BTC raised in pre-sale! - page 3.

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: DD47 on July 24, 2017, 10:04:53 AM

Then it seems that you have quite a racket going.

Betking will be taking the cumulative investors' profit to buyback tokens, reducing the bankroll, then Betking alone will be accumulating profits on those tokens to infinity with no benefit to remaining token holders.

Eventually, Betking will have purchased the majority of tokens back with investors' money (Bankroll profits) - in essence diluting remaining token holders since Betking retains the re-purchased tokens and earns all future profits on those tokens. Sounds like it's good to be Dean / Betking.

If I'm misunderstanding, please let me know.

I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
There's not going to be any significant reduction in bankroll, max 10% every 3 months.
Yes I will then be making a profit on the tokens I hold, the ones not being sold plus the ones I buy back, that's pretty normal and how most businesses work.

Remaining token holders have the benefit that their tokens have much more value the longer they hold them. They can choose to never sell them back to me for many years or if the site was to be sold.

There's no dilution going on at all.

Xavier59

hero member

Activity: 729

Merit: 545

Quote from: DD47 on July 24, 2017, 10:04:53 AM

Then it seems that you have quite a racket going.

Betking will be taking the cumulative investors' profit to buyback tokens, reducing the bankroll, then Betking alone will be accumulating profits on those tokens to infinity with no benefit to remaining token holders.

Eventually, Betking will have purchased the majority of tokens back with investors' money (Bankroll profits) - in essence diluting remaining token holders since Betking retains the re-purchased tokens and earns all future profits on those tokens. Sounds like it's good to be Dean / Betking.

If I'm misunderstanding, please let me know.

As far as I understand, you have no obligation selling back your tokens to Dean. You can keep them as much time as you want and thus increasing your profit.
Wait for Dean confirmation tho.

gogolang

newbie

Activity: 42

Merit: 0

I hope it never goes above 1$ actually, its easier to use if you know 1BKB = 1$

I am using it now and I can tell you its probably one of the most undervalued coins at the moment. Theres an app.......with porn and cat videos

What more do you want?

DD47

newbie

Activity: 11

Merit: 0

Quote from: BetKing.io on July 24, 2017, 09:05:04 AM

Quote from: DD47 on July 24, 2017, 09:01:10 AM

Quote from: Nalien on July 12, 2017, 10:40:33 AM

Quote from: BetKing.io on June 20, 2017, 05:27:29 AM

Quote from: LoyceV on June 20, 2017, 05:03:37 AM

Quote from: BetKing.io on June 19, 2017, 05:30:55 PM

The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.

This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens.
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit.

They won't be re-sold no.

Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges?

Quote from: DD47 on July 17, 2017, 11:25:40 AM

Quote from: dooglus on July 17, 2017, 11:17:18 AM

Quote from: DD47 on July 17, 2017, 11:06:25 AM

if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - with then next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?

Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?

Surely: when shares are purchased they stop being owned by the seller, and start being owned by the buyer. If Dean buys 5 million shares from investors, Dean will have 5 million more shares than he had before, and so will get an extra 5% of the profit. Investors will get 5% less of the profit, but individual investors who don't sell won't be affected by those who do.

Thank you for trying to answer, but I think you're missing my point.
If the buyback is being purchased from the bankroll profits that all investors share in, but the shares are only going to Dean/Betking - then I see an issue, especially if future profits are still divided by the full 100,000,000 shares.

While the bankroll will be reduced by 5% in this case, all those shares that are bought back are going to Betking and not the remaining investors.

Maybe I'm not understanding, or I'm missing something - hence the reason I'm asking.

Thanks,
Dave

Quote from: BetKing Support on July 17, 2017, 11:30:40 AM

I'll forward this question for Dean to answer when he has a chance!

Hi Dean,

Wondering if you were forwarded these questions by BetKing Support and if you could address them. I highlighted my messages in bold for ease of reading.

Thanks,
Dave

Hi
I saw the question yeah but I thought dooglus answered it.

The buy back price will always be profit divided by 100,000,000 as there will always be that many tokens.
No tokens will be burned. Eventually I will hold all tokens at some time in the future, depeding on when holders want to sell.

Hope that clears that up

Thanks

Then it seems that you have quite a racket going.

Betking will be taking the cumulative investors' profit to buyback tokens, reducing the bankroll, then Betking alone will be accumulating profits on those tokens to infinity with no benefit to remaining token holders.

Eventually, Betking will have purchased the majority of tokens back with investors' money (Bankroll profits) - in essence diluting remaining token holders since Betking retains the re-purchased tokens and earns all future profits on those tokens. Sounds like it's good to be Dean / Betking.

If I'm misunderstanding, please let me know.

Bes19

full member

Activity: 1003

Merit: 112

It's my first time to join a campaign and hopefully it will turn out well. I am also excited to try Betking! I gamble into different btc gambling site so this one is a must try!

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: DD47 on July 24, 2017, 09:01:10 AM

Quote from: Nalien on July 12, 2017, 10:40:33 AM

Quote from: BetKing.io on June 20, 2017, 05:27:29 AM

Quote from: LoyceV on June 20, 2017, 05:03:37 AM

Quote from: BetKing.io on June 19, 2017, 05:30:55 PM

The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.

This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens.
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit.

They won't be re-sold no.

Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges?

Quote from: DD47 on July 17, 2017, 11:25:40 AM

Quote from: dooglus on July 17, 2017, 11:17:18 AM

Quote from: DD47 on July 17, 2017, 11:06:25 AM

if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - with then next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?

Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?

Surely: when shares are purchased they stop being owned by the seller, and start being owned by the buyer. If Dean buys 5 million shares from investors, Dean will have 5 million more shares than he had before, and so will get an extra 5% of the profit. Investors will get 5% less of the profit, but individual investors who don't sell won't be affected by those who do.

Thank you for trying to answer, but I think you're missing my point.
If the buyback is being purchased from the bankroll profits that all investors share in, but the shares are only going to Dean/Betking - then I see an issue, especially if future profits are still divided by the full 100,000,000 shares.

While the bankroll will be reduced by 5% in this case, all those shares that are bought back are going to Betking and not the remaining investors.

Maybe I'm not understanding, or I'm missing something - hence the reason I'm asking.

Thanks,
Dave

Quote from: BetKing Support on July 17, 2017, 11:30:40 AM

I'll forward this question for Dean to answer when he has a chance!

Hi Dean,

Wondering if you were forwarded these questions by BetKing Support and if you could address them. I highlighted my messages in bold for ease of reading.

Thanks,
Dave

Hi
I saw the question yeah but I thought dooglus answered it.

The buy back price will always be profit divided by 100,000,000 as there will always be that many tokens.
No tokens will be burned. Eventually I will hold all tokens at some time in the future, depeding on when holders want to sell.

Hope that clears that up

Thanks

DD47

newbie

Activity: 11

Merit: 0

Quote from: Nalien on July 12, 2017, 10:40:33 AM

Quote from: BetKing.io on June 20, 2017, 05:27:29 AM

Quote from: LoyceV on June 20, 2017, 05:03:37 AM

Quote from: BetKing.io on June 19, 2017, 05:30:55 PM

The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.

This means at least 90% of the bankroll profit stays within the site each quarter, raising the value of remaining tokens.
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever? If they aren't re-sold, the bankroll can only go up from bankroll profit.

They won't be re-sold no.

Will you burn or sit on them? If you burn them, will you provide proof of burn? Will the token be listed on exchanges?

Quote from: DD47 on July 17, 2017, 11:25:40 AM

Quote from: dooglus on July 17, 2017, 11:17:18 AM

Quote from: DD47 on July 17, 2017, 11:06:25 AM

if the first quarter Betking buys back 5% of the 10% offered, or 5,000,000 BKB - with then next quarter divide the profit by 95,000,000 outstanding BKB? Or will it always be divided by 100,000,000?

Basically, what happens to the re-purchased shares? And how will that affect future profits for the investors?

Surely: when shares are purchased they stop being owned by the seller, and start being owned by the buyer. If Dean buys 5 million shares from investors, Dean will have 5 million more shares than he had before, and so will get an extra 5% of the profit. Investors will get 5% less of the profit, but individual investors who don't sell won't be affected by those who do.

Thank you for trying to answer, but I think you're missing my point.
If the buyback is being purchased from the bankroll profits that all investors share in, but the shares are only going to Dean/Betking - then I see an issue, especially if future profits are still divided by the full 100,000,000 shares.

While the bankroll will be reduced by 5% in this case, all those shares that are bought back are going to Betking and not the remaining investors.

Maybe I'm not understanding, or I'm missing something - hence the reason I'm asking.

Thanks,
Dave

Quote from: BetKing Support on July 17, 2017, 11:30:40 AM

I'll forward this question for Dean to answer when he has a chance!

Hi Dean,

Wondering if you were forwarded these questions by BetKing Support and if you could address them. I highlighted my messages in bold for ease of reading.

Thanks,
Dave

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: Kryptowerk on July 24, 2017, 07:36:06 AM

Graphics for roulette look fantastic. Probably one of the best I have seen so far.

My translation bounty is not updated on my account, is it just me or will the stakes be updated on a later date?

Hi
Thanks

To be honest I'm confused why people are making a big deal about bounties.
No matter what your stakes or score shows now, a full audit will be done at the end of the ICO which is in Septmeber.

We have things that are automated and me and support do update things semi-often but it just doesn't seem like people should care too much about it in my oppinon.

If you are doing what is lised in the bounty rules you'll be fine.

Thanks

Kryptowerk

legendary

Activity: 2044

Merit: 1401

Disobey.

Graphics for roulette look fantastic. Probably one of the best I have seen so far.

My translation bounty is not updated on my account, is it just me or will the stakes be updated on a later date?

JollyGood

legendary

Activity: 2534

Merit: 1713

Top Crypto Casino

Quote from: 2012 on July 24, 2017, 07:00:56 AM

I'm quite sure you were not part of betking in past when it was offering investment opportunity into main bankroll. It was great experience to multiply the coins let them sit into that place and see watching growing them on daily basis. You can confirm the statics from 3rd party site.

https://dicesites.com/betking

You assume correctly, I was not part of any part of betking. However the person asking the question should have received a reply from the project team and did not.

2012

legendary

Activity: 1526

Merit: 1003

Quote from: JollyGood on July 23, 2017, 06:17:59 PM

Quote from: miningnew on July 23, 2017, 06:02:57 PM

Exactly, I agree.
BetKing is not the ICO who sell dream for an instant x10-x20 when it enters the market.
However, it offers the safest ICO here, where you can expect a reasonable x2-x3 on the long term.

How long is 'long' ?

I'm quite sure you were not part of betking in past when it was offering investment opportunity into main bankroll. It was great experience to multiply the coins let them sit into that place and see watching growing them on daily basis. You can confirm the statics from 3rd party site.

https://dicesites.com/betking

JollyGood

legendary

Activity: 2534

Merit: 1713

Top Crypto Casino

Quote from: ?? on ??

Well I wanna ask, Does Betking has a lucky game like fortuneja*k? Well that game is very good for us. 1 more question, I only play poker in facebook, can I join this game too? Or is it different way to play?

It would have been nice if the support team had replied to your questions but I guess they were more interested in advising you about your signature. No there will no game like FJ and no there will be no FB way to play poker.

BetKing.io

legendary

Activity: 1400

Merit: 1021

Quote from: ?? on ??

Well I wanna ask, Does Betking has a lucky game like fortuneja*k? Well that game is very good for us. 1 more question, I only play poker in facebook, can I join this game too? Or is it different way to play?

I think if you're going to wear the signature for my campaign you should at least read the original post.

vhns222

full member

Activity: 504

Merit: 105

BetKING's twitter bounty camaign works perfectl, they everytime update our stakes ,keep it up,good luck us in our work and thank you for that Wink

alicea

hero member

Activity: 1050

Merit: 501

Quote from: MBworld on July 23, 2017, 11:33:19 PM

Hello,

did twitter bounty for betking.. but it doesn't allow login on https://bounty.betking.io

says username password wrong , though I have reset password multiple times.. why such cheat ?

Hey, are you using the "username" as username and not the email address? I had similar trouble when I was using the email address as username but when I used username I was successfully logged in.

MBworld

member

Activity: 98

Merit: 10

Hello,

did twitter bounty for betking.. but it doesn't allow login on https://bounty.betking.io

says username password wrong , though I have reset password multiple times.. why such cheat ?

Xavier59

hero member

Activity: 729

Merit: 545

Could you please provide the scope for the bug bounty program ? Is this one correct ?

betking.io
*.betking.io

cryptogeek101

sr. member

Activity: 798

Merit: 250

homt.net

Eagerly waiting for 7th August for the main ICO to kick off. I think this is the best investment opportunity we are waiting for! #BankrollToken

JollyGood

legendary

Activity: 2534

Merit: 1713

Top Crypto Casino

Quote from: miningnew on July 23, 2017, 06:02:57 PM

Exactly, I agree.
BetKing is not the ICO who sell dream for an instant x10-x20 when it enters the market.
However, it offers the safest ICO here, where you can expect a reasonable x2-x3 on the long term.

How long is 'long' ?

miningnew

hero member

Activity: 854

Merit: 501

Quote from: jerrison on July 23, 2017, 06:00:59 PM

Imagine investing in a project that gives you a long term pay and even guarantee. that investment is Betking Bankroll TOKEN ICO. invest now

Exactly, I agree.
BetKing is not the ICO who sell dream for an instant x10-x20 when it enters the market.
However, it offers the safest ICO here, where you can expect a reasonable x2-x3 on the long term.

Topic: [ANN][ICO][BKB] BetKing Bankroll Token - 465 BTC raised in pre-sale! - page 3. (Read 35647 times)