Topic: [ANN][ICO][BKB] BetKing Bankroll Token - Tokens distributed to your account (Read 20493 times)

Yes the competition is far too big, betking would not be able to compete with the likes of Stake or any other casino that was spending phenomenal amounts on marketing.

If memory serves correct, one of the problems you faced was that you had freelancers logging in to the server to carry out changes and one of the hacks which has the bankroll allegedly stolen was blamed on that hack (but it was very suspiciously and conveniently timed). It would be virtually impossible for any online gambling/betting website or casino to be a one person operation and be successful. It would require several people with their own qualities and attributes to make it work.

Here you have stated BetKing is now privately bankrolled therefore who has bankrolled it?

You do realise you or anyone else for that matter do not need this forum to save a struggling brand or to launch a new business. As much as I like and appreciate it, the world is bigger than this forum. You should not be blaming the decline of betking.io on anything that was posted here. People asked legitimate questions, there were valid concerns.

You sometimes explained in passing but never explained with evidence where the $6.5+ million from the 2017 ICO actually went. If half was for the bankroll (and we saw no evidence of that), where did the other $3.25+ million go? There was never an audit or publishing of accounts and you simply took it upon yourself you did not need to show evidence. You cannot blame anybody for refusing to accept your word.

I was unsure about source of the buyback of $44,000 worth of tokens therefore asked. I did not mean to belittle the amount involved, I used it as a comparator against the $2 million. If this is being funded by your income from other places/ventures, why are you doing it when the end goal seems to be closing down the website for good after all tokens are purchased back?

It would be a waste of time since you destroyed the reputation of BetKing on this forum with false scam accusations and very good SEO techniques   .

The competition is too big now too. It was over 6 years ago that BetKing was on top. It's not possible to compete with sites like Stake who have billions of $ for marketing.
It would be an uphill losing battle at every step.
I also have no desire to operate a casino any more. That is not an easy job to do with the amount of abuse you receive as any operator here would be able to confirm.



It would be privately funded if I chose to open again. Not looking for new investors or any public bankroll model. I can get the funding no problem for bankroll. But that wouldn't guarantee the site being profitable due the issues mentioned above.

My time is best spent elsewhere where I can actually make money to refund investors instead of struggling with a brand damaged site. I spent too long trying that.



Of course I don't have $2mm to buy them right now, if I did or did have at any point in the past 4 years I would have already.
This is funds I am paying out of my own pocket from earnings elsewhere as I make them. Hence why it's "only" 44k refunded so far.

Keep in mind I don't need to do that, I have no legal obligation to do so, no investors were scammed. A lot of investors already made profit. Anyone who is refunded would actually make a profit due to the token price and ICO discounts. There's no other site operator who did an ICO that would do what I am doing.

That part I understand, they can however play with existing tokens which they could lose. If they win, payout will be based on the crypto game they won.

This is a defeatist attitude one would not expect from you. What has changed for you to hold this view?

The question arises: why have you given up on it? (I am not saying you should or should not give up on betking because my perspective as a non-token holder would depend purely on what you claim your intention is).

What has changed this time in the latest attempt to re-launch. If it is purely to allow those holding BKB/BKT then it has to be funded from somewhere. Who are the private bankroll investors and how much have they actually invested? Has that diluted your shareholding/ownership?

There is confusion because there is a contradiction. On one hand you say you have no interest in making a profit from the website and also you would close it after the last token was refunded yet you said it is privately funded. Can you elaborate because if $2 million worth of tokens were outstanding and only $44,000 was recently refunded (or brought back in the sale), how do you intend to make all token holders whole again? Do you have $2 million worth of investment to pay all those funds back if token holders try to sell them back to you?

The website is up as a way for investors to get refunds easier. Easier for me to distribute, and them to login and withdraw.
It's not up for players to deposit and play.

If I thought there was a chance old players would play and I had the time I would open it to players again and any profit the site made would just go to investor refunds.

If that was the case I would close the site the moment the last token was refunded.

I have no long term goal with the website or brand and have no interest in trying to make a profit with it.

This is on the website:

Why is the pool amount so low? The pool has been funded with $100,000 from other unrelated projects and the site owners personal funds to kick start the relaunch of the site. The pool amount will increase each month from any profit BetKing makes and also amounts added from the site owners other projects when possible. The goal is for the pool to be able to buy back all remaining BKB tokens so that previous token holders don't lose money from their initial purchase. This will take some time so token holders should have reasonable expectations.

Where did you as a site owner get funding from? The view will always be you siphoned-off phenomenal amounts of money from the 2017 ICO therefore to re-invest those funds by claiming they are your own does not bode well. If however you have sold all/part of the website you should be transparent.

The irony is, if you had not returned investor funds in the original website (for the sake of going alone to pocket the cash in the ICO as your personal piggy-bank), the betking website would today be a high-flying highly respected website with investors lining up to be a part of it.

If you are looking to re-launch the website with investors being made whole again and (there are no strings attached) that is the goal you mentioned above but what is the long-term vision for the website?

For any investors who purchased BKB during the ICO in 2017 that may not be in the Telegram group or receive emails.

Quick history:
We launched an ICO in 2017 that raised $6 million.
When we closed the last time, investors still held over $2 million worth of tokens that we were trying to refund but couldn't due to the site not able to turn a profit.
The other investors had sold their tokens in the old buy back program (some made a profit) or were refunded in other ways since then.

We are now in a better place to start refunding the remaining token holders.

The https://betking.io website went live about 6 weeks ago with the purpose of being a convenient place for old token holders to receive refunds.

You can read about the refund process here https://betking.io/token

At this time there is no way for any players to deposit and play.
We don't have time to run BetKing as a casino at this time.

We may open to deposits and add extra games in future if we can find someone to run and market the site.

All BKB holders who had an account and tokens on site after 2019 (after the last software update) are automatically receiving refunds from the pool.

If you have tokens in your own wallet (not on an exchange) or have lost access to your account please email [email protected] for help.

The serial scammer Dean Nolan is back posting in the forum after stating he would never return but since he is a compulsive liar we all knew it was only a matter of time before he used this forum to promote his betking.io scam.

All those reading this post are advised to stay well away from betking.io and anything related to it because inevitably somewhere along the line you will end up getting scammed.

New Promo for ALL players at https://betking.io

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No playthrough required on rakeback amounts.
On top of that you get 5% loss back each week + an extra monthly loss back bonus!

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Old BKB token holder?
Create a new account with the same username or email as you did before and get in touch ([email protected]) to get access to the BKB refunds page.
We have refunded $18,000 to BKB investors so far, long way to go but it's a start and increasing.

I am posting here for anyone who gets subscriber notifications on this forum post who I can't reach via email (check your spam folders please)

BetKing has partnered with Bitsler casino to refund all accounts that had a balance when we closed in October 2019 up to $200.

Full details in this thread here
https://bitcointalksearch.org/topic/m.54234726

BKT Update:
We just burned 4.7 million BKT tokens. Total in circulation now 414 million

BKB Update:
We just distributed $3000 in dividends to BKB token stakers.




Mods, explain how this post is off topic? It is directly related to people who bought BKB!
Yet you let Jolly Good post false claims?

Forum is corrupt

Pathetic serial scammer Dean Nolan still using this forum to try to scam investors and game players for his betking scam

To save the risk of trading on hitbtc or with any potential scammers on telegram you can buy BKB directly on BetKing with 25% discount
https://betking.io/invest

Just added our new roulette game to betking.io

Feedback appreciated

Good luck

Nice news! I hope the project will not die

You can now buy BKB tokens directly ont he BetKing website. Click the invest button on the main menu
https://betking.io/invest

The token doesn't need investors. The investors need the token.

The price is directly proportional to the site's profit and thus everything is focused on that. If investors want to try and help with traffic, then they could buy up the tokens for a low price and try to get more players to the site.

How this will impact on the growth of this token still it is struggling to find the way to get stable. I think use case is really important while there is no plan how they will drive the big investors towards this.

By the end of 2014, BetKing had become one of the most popular crowdfunded bitcoin casinos. In 2015, BetKing had more wagers than any other crowdfunded gambling website (with a total of 400,000 bitcoin, which was “almost more than all competitors combined”, reports the official website).

Yes sorry, I didn't see that. I agree, we can close this thread and use the other one.

I've literally been posting it.

This is the link: https://bitcointalksearch.org/topic/betkingio-bkb-token-refunds-70k-refunded-so-far-2150057

Perhaps the horizontal rule must have distracted you from the top part.