Topic: BetKing.io Relaunch - page 4. (Read 1661 times)

Betking Failed ICO from 2017 resulted with investors losing money
Betking Hack in 2019 resulted with investors losing money.
Betking Relaunch in 2020 will probably result in people losing money again, so I don't think you have credits here anymore.
Maybe you just want people to bet and send bitcoins, so you can lock their accounts and coins.

Did you make a detailed post with evidence explaining exactly what happened to the money? Having everything in one single post (how much, how, when, tx ids, etc) would definitely help gain the trust of potential investors. 

What ? You dont have money ? What happened with thousands of btc that your site made couple years ago?
100k$ is nothing for you. I think that big bets on your site was fake but one of my friends lost 300 btc in one sec on your site.

Everyone on the forum knew well about betking.io for its platform and its success. By the time you failed in keeping up the trust of users. This is where everything went upside-down. You've lost $2million out of the ICO. What does that mean, atleast you should've tried to get things on track with the funds left. The loss has happened during the year 2017, by then it was mentioned to be the glorious days. If I'm not wrong surely you could've made the profit out of the ICO, because more number of projects were alive for few weeks time by 2017 and goes off making money.

To gain the reputation back is hard, anyhow you've got some plans of relaunch. Slowly things might change if users gain trust over it.

i can feel the sincerity of yours coming back. though it is hard to gain trust from players but in time, if you will show that genuineness to come back in this industry, i guess you can still get back on your feet. in life, there's always second chance. 

i like the fact that your honest about not being capable of refunding all the remaining people in your list. maybe you can come up with certain type of arrangement that they will be happy to accept it. at least, make your previous investors happy and move on with good spirits. watching how you will progress in this comeback...

That is great of Betnomi but we are just not in the situation where that is possible right now. If I had Bitcoin to refund everyone I would.

I have managed to pay back around $100,000 in the past 6 months hence why the investors are willing to invest again.

But since I can't just refund all myself right now I think taking the approach as some other sites, like ethercrash recently did when they were hacked last week, is by paying back with commission is the best we can do right now.

It would have been better if you fully refunded all those who lost money before starting over again or those who aren't willing investors. Some gambling platforms like Betnomi managed to reversed the negative feedback about them and actually attracted a lot of players (from what I see) but your issue is way worse than them. Best of luck.

Good points

First off, we are not needing or looking for new investors. It's just an option for people who want to use it. I already mentioned we will have a small group of investors who will put up a large enough bankroll to cover bets and pay winnings for almost all players, we just won't have limits attractive to highrollers.

It's also worth mentioning that the people who are investing, some are also people who lost in the old bankroll hack. So that should show you how they feel about the whole situation, how they have felt about the amounts I have refunded so far and how I am trying to handle it.

As said, all actual investors who were effected by the hack, I am in contact with and none of them are the people who have left red trust or posted accusations in the forum.

As for players. Well yes that will be difficult to gain everyone's trust too. However even just today old BetKing players have emailed me asking if I plan to re-open. I get emails like that now and again. So there are old players who look like they will return.
Remember too that very few people lost money, no players. There are less than 20 people left to refund from the bankroll hack.

So in summary, we are not looking to attract new investment, it's there just as an option in case people do want to and that can then allow bigger bets.
We also think enough old players will return to make it worth our time and also provide enough volume that sees investors refunded.

although you have stated that you will be reopening your gambling site and pay the investors i don't think there will be an investors thinking that the previous investors were until now wasn't been able to get paid. i really think you should make another way to pay the previously investors.

I am sure no new investor or player going to use this site because already too many accusations and lost of money for investors is on so he need to clear this all before doing any new thing is very important otherwise most chances its just waste of time for him we have already cases like this many try in this way but have no success because no one want to lost his money in hands of scammers so BitKing relaunch is not good idea here in this community.

Is there any assurance that there's a lot of player that will be playing on your website? Also you have previous accusations and problems with investors do you think the new investors would also think that this may happen to them also and in result they will not be going to invest to the bankroll.

What happened to your meeting to everyone that has been affected?
I'm sure they did agreed partially to what you are promising them, but is that enough for them to trust you again? Well, it's really possible that some people will try again investing to Betking, but as what you just said, only few will.
After all you there are lots of negative feedback because of your history.
It will be a really tough task to regain the trust that has been fully destroyed.

If you really want the trust, then do every means to regain it.
For now, the risk of investing to your site is still high, but yeah it could changed depending on you.

Sounds good. But how you are willing to convince people that they won't lose their money again? Think about users who want to bet why should they use a compromised website with one of the worst reputations ever rather than one of the other good sites in the gambling market. And by making this thread as self-moderated, you insist to warn others that you can't be trusted anymore.
Advice ; use the money you collected from the few investors to refund the lost money from ico then you can maybe get a little bit trust that help you to relunch. For npw, i don't recommend anybody to use your site again .

It says it is a relaunch. Were there quite a few problems on the previous site? There is also a red card on this topic, which is not a good sign. Wasn't it better to start all over again?

Good question, except the totally unnecessary claim that we have stole or would steal, regardless I'll answer anyway.

We have a couple of investors who will seed the bankroll. This will be a small amount but will be enough to cover 80% of player types bets. So there will be no problem paying out any winner at all on the site.
We just won't have big highrollers unless others decide to invest.

What if no people will invest in it?
Then how gonna you pay the Winners at the site?
Or you will just simply stole their money as you did before with your investors?

If you don't have funds to pay to the winners, then how will you clear your past debts?
Yes i can see that you have a good and positive intention of coming back into the Gambling industry, but i am only concerning about the payouts of Gamblers/betters that you need to pay them when they will win bets at the site.

BetKing.io will relaunch before the end of the year.

After closing around one year ago we have decided to re-open and will be going back to the original dice site style that made BetKing the biggest and most popular dice site.

We will have a public bankroll that anyone can invest in. Public chat room for the community and a nice reward system for loyal and new players.

Look forward to seeing you on betking.io soon



Addressing the red trust and scam accusations:

We had an ICO in 2017 that eventually ended up losing investors money (< $2mm out of $6mm raised).

We also had a hack in 2019 that saw bankroll investors lose funds too.

A lot has been written about both of these incidents and a lot of false information is posted on these forums by people who don't know the full story, who were not investors and who did not lose any funds.

It eventually forced us to close with almost no way to refund investor losses.

However I have decided that no matter what is posted about me or the site, it is better that the site is up and running with the possibility of some refunds for investors than not at all.

The fact is, I have spoke with almost everyone who was effected and have managed to make small refunds and payments to them in the past 6 months through earnings and deals in other ventures.

As I have always said that I would refund the losses, I have decided that 100% of the commission the new BetKing site makes will be used to first refund the old bankroll losses and then the ICO losses.

I won't make any money until that is done.

I don't think that is anything an actual scammer would be doing.