Topic: BetKing.io Investor REFUNDS (Read 5362 times)

So investors would really be just simply be getting those BKB tokens and not been refunded on the money that the had invested? If Yes, then it would really be that pretty useless considering those coins cant be traded up somewhere or really that actual value.

Basing up on the link given above which mentions;
"BKB are not for sale at this time. BKB can be used to play the Dice game (and other games in future) for a chance to win more BKB. BKB lost while playing games"
https://betking.io/token

So its pointless that they would be getting tokens which they cant really been able to play or make use of those even just wagering into the site
consdering or as mentioned that the site isnt operational as of this moment. So whats the point?

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.

Lolol think you're funny?

All apps and all games. Though we're only launching dice at first.
Also not had many test creating apps yet so that might take a while for people to start using.

Awesome, investment will be in your dice games, all your games, or all apps and games?

It will be the standard old investment feature. Deposit and invest/divest whenever you like.
In multiple currencies.

Will the new launch be open to depositing for investment or will that be through the old ICO?

We are coming back but not on April 1st.
Some time in April though.

More details here and a preview of the new site https://bitcointalksearch.org/topic/betkingio-ico-47-million-raised-last-week-to-take-part-1842538

I've heard that BetKing is coming back online on April 1st - correct ? Thanks for info.

I think that's exactly what he meant...

Lol dude you're so late that BetKing may be coming back from the dead by this point

Not for much longer!

Ready when you are 

From 1st of decemebr all investors will be divested and BetKing will not be crowdfunded any more.
See the main thread for more details.

Thanks

I second that which has not been answered. 4x was already quite low in my opinion. I understand the reason why you don't want users to control their Kelly but you should set a max and leave the user on top of the choice. These are my two cents.

Not only that, trying to invest into bankroll give me an error, risk invalid.

Why was risk tolerance lowered to 3x now?

Nice! I see my self in there and I was wondering why I could not modify the Kelly value but after reding the official thread I got the answer.
I used to play dice on your site once: now I'm on the other side

Updated investor amounts/profit stats

Here is our Bitcoin Investment post update - http://bitcoingamblingreviews.com/bitcoin-gambling-investments-112/

Betking.io returns have been by far the greatest so far 

I actually really feel bad for the player, despite that I was slowly losing my investment last few weeks.. but yeh, huge profit day for investors:



Biggest profit spike BetKing has ever seen. If you invested yesterday, you would have had 26% profit in 1 day.

Thanks. Good luck

we invested 1 BTC in behalf of  www.cryptomerian.com.

hope return will be good for our investors...

No problem.

Sorry, I had just woke up and misread that. You know that's the sort of thing people troll in the chat so read it wrong.

I'll stay off forums for a few hours after I first wake up

Will post invested amounts later today

I just said it was a nice solution. And i trust it and you

You can always divest if you don't trust it.

Dooglus already done an audit, it's posted in the OP! I said I could do this every 6 months or something.

I spoke to most of those in the top 10 investors and they are happy to not have a single proof address as they know they can trust the site.

Nice soultion for not have proof of cold wallet. Get audit from dooglus.

You invested at the right time by the sounds of it. Site profit increased 380 Bitcoin this morning.
After a few weeks of losing almost 500 Bitcoin from site peak profit things are looking up for investors.

Went ahead and invested a bit, going to hope for some nice winnings for BetKing!

Praying over here.

Any chance of signing a message from the address that holds those funds, or you can't do that with cold storages?

Here's the latest list of invested amounts

  933.58030060
  846.03117074
  641.00887625
  333.62154285
  300.90821085
  145.30178389
  107.57689181
   99.48227934
   97.28165999
   90.01201874
   73.05750069
   72.99925576
   60.75820829
   54.59470639
   31.67972302
   28.27389326
   25.15585271
   23.93640030
   23.60642761
   21.22668646
   20.95972686
   20.44065822
   18.96441688
   17.90152074
   17.89391097
   17.65551395
   15.81233859
   15.51329411
   15.19587008
   14.80822630
   12.14913283
   11.56750662
   11.44382833
   11.05337016
   10.99402471
   10.27191235
    9.69292596
    9.67195189
    9.38598744
    8.99660087
    8.63094942
    7.92640776
    7.15302797
    6.47733660
    6.42905935
    5.17001971
    5.06667860
    4.94794257
    4.80695556
    4.66401022
    4.09618782
    4.01721925
    3.99055965
    3.92164745
    3.91369353
    3.49238987
    2.95454130
    2.87893743
    2.83283971
    2.34298801
    2.15495884
    1.88735408
    1.59508768
    1.09853127
    1.07655450
    1.06289446
    0.96110485
    0.95864615
    0.94731476
    0.94004744
    0.82030497
    0.38377090
    0.28314118
    0.23440951
    0.17442706
    0.13644360
    0.13563390
    0.09898359
    0.06645390
    0.05555109
    0.01876851

Some losses for investors tonight. Player "norightturnplease" won BTC210: https://i.imgur.com/iTU40ay.png



Players can win (big) too, so there is no guaranteed winnings. In the long-term you should get a profit of course though. You can look at the graphs here: https://dicesites.com/betking to see how the total profit progresses and what your expected profit is based on wagered amounts.

I invested to Betking.io with 1 BTC in last months and wait for 2 weeks, I didnt get profit.

Could you please share your average monthly profit for investors?

If it is fine now, I can invest with my fund.

No need to bump the thread really.  I'd say to just put a link to this thread in the OP of the main Betking thread, and keep this updated once a week, similar to how Doog does it.  If you REALLY want to be similar to him, start a blog to keep it updated and link that on the main Betking page as well as the thread.

I'll probably update the OP and bump it.

Though there's not really much interest in this thread anyway so not much point by the looks of it?

Hey Look! I'm there as well!

Will the OP be updated every week or will you make a new post with the list every week?

Hi
I decided to make an official thread for investors of https://betking.io here where I'll do a weekly list of investments with total invested.

Feel free to ask any questions, I may have forgotten something in this first post.

For daily and total wagered, profit, bets, invested stats visit https://dicesites.com/betking to get data going back to November 2014.

To anyone new:
https://betking.io has been open for over 3 years now and has become the most trusted and popular crowdfunded dice/casino site.
We have the most invested, the most wagered and the most profit of all crowdfunded sites.

At this time there's 7079 invested with 393,319 wagered and 6260 profit.

https://betking.io charges commission by taking 25% of the weekly profit (made from player losses) and 25% of the edge on wagered amounts at the time of bet whether the player wins or loses. The weekly profit commission is only charged on new profit.

The crowdfunded bankroll is used on the dice and social dice games. Everything else is funded by https://betking.io

To invest click on the site bankroll link on the left menu of the site or go here https://betking.io/play#siteBankroll

Proof of funds:
We used to keep all investor funds in one cold storage address so that investors could make sure their funds were still safe.
I decided to change to the method of keeping the cold storage addresses private as players were reporting that exchange sites like Coinbase were closing peoples accounts.

I know this is a massive red flag for potential new investors.

I have run the site for a long time though and built up a lot of trust and I am open to the idea of having a trusted member do an audit to prove I still have the funds every few months.

This was last done by dooglus on 7th July 2016

Proof of solvency:
As dooglus pointed out above just because I show I own a certain amount of funds doesn't prove solvency.
So here is a list of all invested amounts over 0.01 (user id's removed).

Last updated 19/10/2016

1346.0143593
 747.22452597
 669.41942611
 468.94999299
 451.10990926
 257.46333326
 187.01218113
 157.34373651
 151.30173150
 140.71509943
 120.06837422
 111.75655438
 105.32987930
 105.24590521
 104.10928499
  84.69446198
  84.35526517
  82.73238892
  57.13066634
  51.32114018
  47.14814802
  37.39862527
  34.66730856
  29.47010303
  27.74936844
  27.34174768
  25.89806963
  25.45465069
  22.31892710
  21.90848524
  21.50203527
  21.30597741
  18.57367461
  18.07136619
  17.80485910
  16.67733054
  14.93098164
  13.67702655
  13.53214835
  13.05845481
  11.42781475
  10.68404659
  10.54039476
  10.49566914
  10.44722437
  10.31280260
  10.24626625
   9.26902846
   8.95672492
   8.55640933
   7.91316112
   7.42961345
   7.30486246
   6.83041761
   6.66876219
   6.54013816
   6.37266431
   5.74126780
   5.65399395
   5.64252650
   5.63303295
   5.49838690
   5.18172381
   5.17996925
   5.15990322
   4.52636500
   4.26488639
   3.63861437
   3.46602751
   3.39602682
   3.30978743
   3.11218910
   3.01674154
   2.29970099
   2.07170975
   2.05866437
   2.01217696
   1.83228849
   1.64548567
   1.53241704
   1.50700433
   1.43672655
   1.37215005
   1.19616118
   1.17511985
   1.03753650
   1.02589503
   1.01347702
   0.96664004
   0.90525589
   0.68116673
   0.52778766
   0.51591166
   0.40831090
   0.33602609
   0.31219618
   0.24855426
   0.24245938
   0.19231209
   0.19215688
   0.16531393
   0.16493511
   0.15570270
   0.12143151
   0.10076129
   0.10032539
   0.09475561
   0.06191310
   0.04020595
   0.01478726
   0.01231640
   0.01230252
   0.01216618
   0.01005752