Well since my post above I have been keeping an eye from time to time on the betking bankroll. It was regularly floating around the 19 BTC mark but miraculously it was more than doubled just a day or so after I posted the image on 24th March 2019. Figure that out.
It is safe to say that investors most definitely did not contribute to the increase.
Why scammer Dean Nolan decided to increase the bankroll by adding Bitcoin to it (and where did those funds come from) are difficult to ascertain because of the secrecy he shrouds himself in.
Having said that, this is what the stats look like today:
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Of the staggering
10 billion BKT tokens created using EOS here is a breakdown:
10% which is 1 billion were reserved for BKB conversions - of which just 36% have been used (366,978,922)
10% which is 1 billion were reserved for "the team" - whatever that means and allegedly "0" have been used
30% which is 3 billion were reserved for airdrops - around 22% have been used (675,476,101)
20% which is 2 billion were reserved for promotions (leaderboard, affiliates, bounties, etc) - around less than 2.5% have been used (47,544,389)
30% which is 3 billion were reserved for mined From Bet Mining - around less than 4% have been mined (116,651,747)
Considering scammer Dean Nolan was closing down betking in December 2018 / January 2019 and replacing it with his next scam (bitsafe crypto exchange) but had to plan again because nobody wanted to invest in "bitsafe", do you think the above listed token distribution was a competent manner to try to "save" betking?
I fail to see why the token distribution could not have been more generous to existing BKB token holders. After all, it the "team" get 1 billion BKT for effectively bringing betking to the verge of closure why were existing BKB token holders given an exchange that saw them lose 99% of the original guaranteed value of BKB tokens as per the 2017 betking ICO? Scammer Dean Nolan mentioned on many occasions there was no "team" and that he hired freelancers to work for him but that contradicted the part where he claimed he had 6 developers working for him for 1 year after the ICO.
So why is the betking "team" getting 1 billion tokens valued currently at $1.2 million?
Surely whatever scammer Dean Nolan siphoned-off from the 2017 betking ICO should have been enough so what exactly has he done that warrants him getting another $1.2 million? Who did he discuss this with and who gave him permission? Was he acting in the role of "dictator" again when he made the decision to give himself another £1.2 million?
Scammer Dean Nolan wrote: "The token price was $0.09286 after the ICO. The token value is calculated as $0.09286 + ((total bankroll profit of eth, btc, ltc in $ at current exchange price) / 100,000,000) Which is now $0.0966. A profit of $0.00374 per token":
https://bitcointalksearch.org/topic/m.25690525The value of BKB held by LoyceV should have been 7278 BKB x $0.09286 (+profits) = $675.84 minimum flat rate without any profits to take in to consideration.
If the site made no profit betking should guarantee a buy-back of BKB at $0.09286 as per scammer Dean Nolan personally guaranteeing he would cover it even if BTC dropped to $1
Scammer Dean Nolan has a minimum of $1.2 million worth of BKT tokens after making the switch from BKB to BKT yet he refused to give LoyceV just $675 of his BKB guaranteed buy-back tokens. He also told LoyceV that the drop in price is partly his fault because he did not "promote" betking... Pathetic.
In the process scammer Dean Nolan ruined the very little reputation that he and his betking had left.