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Topic: [IBCO - suspended] ⚽🎰 Casino Critique⭐ FREE Chip for BCT Members ❤️‍🔥 - page 5. (Read 3193 times)

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Join hands and help me to grow everybody...
Let us address some of the responses we missed on our last post.

This reminds me of btcgosu created by efialtis but with an investment scheme.
It's not just btcgosu but there are many casino review websites out there. What matter is the difference we will make. In the long run a quality service survives. Everyone gives their best and it's the same to us. We will not compromise our work ethics. To keep the reviews honest and BOLD we applied a solution which you can read from our one pager at solution paragraph.



Casino review sites are now an industry because they have followers and they are being looked up by the gambling community,  this is the first time I've read this kind of crowdfunding and we will see many more coming up I wish the success of this project review sites are one of the support systems of the Cryptocurrency casino industry and they are a big help in weeding out bad actors and a bridge to casinos and players, they have something unique to offer to the industry lets see if they can pioneer this.
I don't think that those review of gambling do help anybody to notice the best gambling website that is supposed to play a bet so what does review course is that they do attract people to go directly to the platform to make a deposit because they are paying those participants who is qualifying their platform so what I believe is does casino platform that does not do any reviews to get customers
copper member
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I suggest to make a partnership on launchpad to secure enough liquidity to fund your project proposal. There’s only few investor on forum nowadays because most of the investors already migrate on launchpads for secure IDO funding. I was planning to invest at the end of the month after paying my loan but too bad the funding was postponed despite there’s still have time on the countdown.

Best of luck on your venture.
Thank you for your feedback.
In launchpad they offer token and things like this. Unfortunately in our structure we are not issuing any token or such kind of things (but we are trying to find a way). We don't know if it is possible to create a smart contract that will take bitcoin addresses and allow us to allocated the percentage of the revenue sharing pool for the IBCO offerers to send their share every month in BTC. If such thing is possible then we would like to tokenize the the Chip but right now we are depending on Google spreadsheet to do our calculation. We are in the process of gathering information.

In the new Chip metric (it's not final yet but a rough calculation), we are considering total of 9999 Chip in circulation.
We will have two rounds of IBCO.
Round one will be open for 5000 Chip. We will sell 2500 Chip and 2500 Chip will be given as gift. Buy 1 Chip have 1 Chip as gift or you can say buy one get one free.

Again it's not final yet. We will check pros and cons before relaunching the IBCO.

We will keep you all updated.

Thanks again.
hero member
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Burpaaa
I suggest to make a partnership on launchpad to secure enough liquidity to fund your project proposal. There’s only few investor on forum nowadays because most of the investors already migrate on launchpads for secure IDO funding. I was planning to invest at the end of the month after paying my loan but too bad the funding was postponed despite there’s still have time on the countdown.

Best of luck on your venture.
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We are postponing our IBCO. We figured our current Chip metric is not enough for us and we are lacking some marketing materials and strategic approach for the success of IBCO. The fix are in progress and once we are fully ready then we will relaunch the IBCO again. We are expecting a complete different Chip metric and two rounds of IBCO.

Please join our Telegram chat and Twitter. We will keep you updated all the time on this ANN thread, our Telegram chat and on Twitter.

Currently we have one Chip offerer (with 5 Chip), thank you for your confidence on us. We will allocate a better percentage for you than others who are going to join in our relaunched IBCO. If you (Current Chip offerer) have any complain please reach out to us via any channel and sign the input address. We will happily chat with you.

The postponed affects from now (22/08/2022 UTC 11:15)

Please do not send any chip until we relaunch the IBCO again. Sending any chip will follow the new metric of the relaunched IBCO.
 The current terms for the initial Bitcoin Chip Offering is not applicable anymore after this announcement.
legendary
Activity: 1960
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Marketing Campaign Manager |Telegram ID- @LT_Mouse
Looks like you guys might need to rethink your marketing plan. So far still only 1 investor for a small amount. You guys need to have an internal meeting and figure out why noone is investing and decide where to go from here IMO. I'm sure you already are especially with some of the names I see involved.
You are right and Chief had two meetings earlier. I don't want to add a lot of information from the meeting but seems like, total plan will be changed and for few days. Marketing plan is in action. Chief is taking ideas and gathering them all and discussing which one will be best. Soon, the plan is going to be executed.
legendary
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Looks like you guys might need to rethink your marketing plan. So far still only 1 investor for a small amount. You guys need to have an internal meeting and figure out why noone is investing and decide where to go from here IMO. I'm sure you already are especially with some of the names I see involved.
legendary
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Farewell LEO: o_e_l_e_o
Considering someone is going to send 100 Chip. How long it is going to take to expect the return of the Chip. I understand we do not know future but a demonstration will be nice.

Quote
All withdrawals are in specific wallet which Public Master Key will be shared to them too so they can see the earning in the wallet from all sources.
When and where can we find the key?
legendary
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I hope now it describes clearly.

Yes, it's much clearer now. Thank you.
I have to do some calculations now.  Wink
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Casino Critique, I think your Hard Cap/Soft Cap needs a little more explaining. I understand that your soft cap is 1BTC? You didn't explicitly state that anywhere, but that's what I gathered from your posts. What happens if you don't reach the Soft cap?

Furthermore, I completely failed to understand this statement, so if you could explain it a little more clearly that would be great (maybe with some concrete examples and calculations):
Fail to meet hard cap in a sense of after meeting the Soft cap if the remaining Chip to reach Hard cap has not meet then half from the hard cap allocation will be moved and added to Soft cap Chip offerers. Soft cap offerers will then share 80% instead of 60% and Hard cap offerers will share 20% instead of 40% from the allocated 10% revenue sharing pool.

Hello FatFork.
Right now we are looking at a total of 2.5 BTC
(We will have an urgent meeting today, we may change the asking total or may decide to stick to it. Today or tomorrow we will have an update for everyone.)

0 to 1 BTC is considered Softcap and obove 1 BTC to 2.5 BTC is considered Hardcap
Anyone send Chip, depending on which slot they are their share from the 10% revenue pool will be determined.
After checking your response and some other response, we have made a little change in our Terms page to make this clearly described.
Please read: https://t.me/CasinoCritiqueChat/65
I hope now it describes clearly.


Thanks Mahdirakib for few good questions to ask and give us the chance to explain.

You are the leader of this project, isn't it? The admin panel access of “Casino Critique” will stay under your control, isn't it?
The main admin panel of Casio Critique in under two persons control. Others have their own roles to mange contents.

Quote
You are going to be the only person who can check the affiliate account stats at each gambling site. Or the team members of this project will have access on these section too?
In some cases others in the team will be in possession of the affiliate accounts too. We trust each others there are no trust issue.

Quote
How the investors can verify the affiliate account commission stats?
When anyone has any doubt and if they express it too us then we are fine to give them a video screencast of affiliate panel or a form of screenshot etc so that they can see the actual figures. All withdrawals are in specific wallet which Public Master Key will be shared to them too so they can see the earning in the wallet from all sources.

Quote
Aren't the team members of this project going to invest anything in it?
Everyone is free to join the IBCO since it's anonymous. We will not know who is the participants unless they tell us in person or in public.

Cheers


We will address others in the coming posts :-)
legendary
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Interesting concept! You have hired/selected some reputable (or well known) members of bitcointalk forum for your project. It is going to help you to gain trust of the forum members from the initial stage.

But who are you actually?
You are the leader of this project, isn't it? The admin panel access of “Casino Critique” will stay under your control, isn't it? You are going to be the only person who can check the affiliate account stats at each gambling site. Or the team members of this project will have access on these section too? How the investors can verify the affiliate account commission stats? Aren't the team members of this project going to invest anything in it?
legendary
Activity: 1568
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Top Crypto Casino
Casino Critique, I think your Hard Cap/Soft Cap needs a little more explaining. I understand that your soft cap is 1BTC? You didn't explicitly state that anywhere, but that's what I gathered from your posts. What happens if you don't reach the Soft cap?

Furthermore, I completely failed to understand this statement, so if you could explain it a little more clearly that would be great (maybe with some concrete examples and calculations):
Fail to meet hard cap in a sense of after meeting the Soft cap if the remaining Chip to reach Hard cap has not meet then half from the hard cap allocation will be moved and added to Soft cap Chip offerers. Soft cap offerers will then share 80% instead of 60% and Hard cap offerers will share 20% instead of 40% from the allocated 10% revenue sharing pool.
legendary
Activity: 1960
Merit: 1908
Marketing Campaign Manager |Telegram ID- @LT_Mouse
but what about the chips, will they be coins or just something like shares simply tied to specific addresses of IBCO participants, on which dividends are accrued as a percentage of the participant's amount?
Chips are the BTC someone is going to invest. For example, 1 chip = 1 mBTC. In return, investors will get 10% of the monthly revenue from the site. If total revenue is $1000/month, then investors will receive $100 and this will be distributed among all the investors in term of their investment percentage. And they will be paid in form of BTC in the same address they will send the chip (BTC) from.
legendary
Activity: 2520
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As long as you have the private key of the address you will send the Chip, you can use any wallet software to sign the bitcoin address if you want to change the revenue receiving address in the future. Since all anonymous, we will not know you sent the Chip unless you tell us somehow that the address is yours.

We hope you had your answer.


We are still legging behind to answer many posts above. We will address them soon :-)

OK, thanks for the clarification, but what about the chips, will they be coins or just something like shares simply tied to specific addresses of IBCO participants, on which dividends are accrued as a percentage of the participant's amount?
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As I understood from the roadmap, receiving interest from participation in IBCO begins in the second quarter of 2023, and I also did not understand whether to sign a transaction or not to participate in IBCO for investment, is Trust wallet suitable for this? Thanks
As long as you have the private key of the address you will send the Chip, you can use any wallet software to sign the bitcoin address if you want to change the revenue receiving address in the future. Since all anonymous, we will not know you sent the Chip unless you tell us somehow that the address is yours.

We hope you had your answer.


We are still legging behind to answer many posts above. We will address them soon :-)
legendary
Activity: 2520
Merit: 1490
<...>

As I understood from the roadmap, receiving interest from participation in IBCO begins in the second quarter of 2023, and I also did not understand whether to sign a transaction or not to participate in IBCO for investment, is Trust wallet suitable for this? Thanks
copper member
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We are delighted to update that we have our first Chip offerer joined with 5 Chip!
Spreadsheet updated
Note: Revenue sharing percent will change overtime.



You are welcome. Yes, it will be better to give a note in the F.A.Q section so people will understand the meaning of LIFETIME. I do not want to see your site as a new site that can not grow from time to time because of that simple thing.
We have updated the F.A.Qs section with your question. Thank you again.

It’s nice to see that a group of old time Bitcointalk members decided to to start there own business but as potential investors, I don’t have any idea on how much profit this kind of business can potentially earn per month to have an estimate on how much is the real value of that 10% reward for all investors that you are offering in return for our money.
This should give you some idea Smiley
10% for the Chip offerers is not a small amount of return considering they will enjoy the reward for LIFETIME. The rewards will be sent every month. Our goal is to be the best and the best in the industry are making over $200k if not half a million. Industry is HUGE. Even if we make a $100k a month once we are able to brand our name, it's still $10k per month.
But please have in mind that nothing is guaranteed. There are always risk involved in business no matter how hard we work.

IMO, is really hard to track and thinking the estimation for this space.
We studied several sites who we can say leading the industry. An exclusive summary is on our IBCO site. Please click here (it's better to avoid copy pasting).

For the Chip offerers and shareholders, we already have our revenue collection Master Public key, IBCO participants can use this Public Key to create a watch only wallet. Every month we collect earning from all affiliate sites and any earning from on site advertising. We send all collected earning to the reveue collection wallet. So it's all transparent. Yes there are some sort of private things like how much we earned from a casino affiliate since they can not login to the accounts. In any case we will share video, screenshot with the shareholders if they want in extreme cases.


We will address more responses later :-)
hero member
Activity: 2814
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Leading Crypto Sports Betting & Casino Platform
Let us address some of the responses we missed on our last post.

This reminds me of btcgosu created by efialtis but with an investment scheme.
It's not just btcgosu but there are many casino review websites out there. What matter is the difference we will make. In the long run a quality service survives. Everyone gives their best and it's the same to us. We will not compromise our work ethics. To keep the reviews honest and BOLD we applied a solution which you can read from our one pager at solution paragraph.



Casino review sites are now an industry because they have followers and they are being looked up by the gambling community,  this is the first time I've read this kind of crowdfunding and we will see many more coming up I wish the success of this project review sites are one of the support systems of the Cryptocurrency casino industry and they are a big help in weeding out bad actors and a bridge to casinos and players, they have something unique to offer to the industry lets see if they can pioneer this.
copper member
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Leading Crypto Sports Betting & Casino Platform
We are spending the fund only in outsourcing services.
he team members are working at least 6 months without receiving any incentive. Even if there are some revenue which we generate but until we ensure first page on the search engines it’s not much to feed the family of the team members. Everyone has their bills to pay.

So, the money is to pay for the developers and the team, but the investors will only get 10% of the revenue, that doesn't sound as a good deal to me. The investors are an important part of the team, and they should get a bigger piece of the cake.

I really wish you great luck with the project, but i don't like the business model, is not attractive for me as investor.

I agree.
The project owners are asking for between 1BTC and 2.5BTC in funding. This is somewhere between 25K and 63K USD worth of capital.
Is it really that expensive to create a casino review website? I guess that most of the budget would be spent for marketing and search engine optimization, but how there's going to be a return of investment? How the casino website is going to make enough money?
Posting gambling ads and providing paid premium features for a fee? Are there any gamblers, who are willing to pay for premium services offered by a casino review website?
10% of the overall revenue seems really low, because the potential revenue is unknown. It can be 10K per month, or it can be 1K per year.
Anyway, this project is backed by some highly reputable Bitcointalk members. Good luck.


IIRC, This kind of review site earn most of there profit from referral commission from the user that use there code while browsing there list of casino and it’s review. The profit on this kind of business is massive if they can manage to properly market there website to a huge gambling community that still doesn’t have crypto casino account. I would say the 10% of revenue is already a good profit sharing for investors since this is a lifetime offer but of course there’s a risk involved on this kind of investment because there’s no guarantee that they can run the business lifetime since they need to pay there developers and other team member there monthly salary plus the marketing expenses.

Investors should be aware that this kind of investment doesn’t guarantee a huge return or even an ROI because there’s a chance that the business don’t survive on the critical early stage of the business. Good luck! I might purchase some chips for my fomo bag later.



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Let us address some of the responses we missed on our last post.

This reminds me of btcgosu created by efialtis but with an investment scheme.
It's not just btcgosu but there are many casino review websites out there. What matter is the difference we will make. In the long run a quality service survives. Everyone gives their best and it's the same to us. We will not compromise our work ethics. To keep the reviews unbiased and BOLD we applied a solution which you can read from our one pager at solution paragraph.

some of their team members are also endorsing some of the casinos found in the forum. but we will see how they will give their constructive criticism towards these casinos.
A review that will be finally published in our platform is not coming from a single hand. It will come from a group of people. An individual will be responsible only for maximum 2 sections of 15 to 20 pre-setup parameters we consider when review a casino. In person someone can have a weakness for a certain casino but together when we will make an exclusive summary then the influence will not make much difference. We hope it make sense. You can read our onepager for more clear understanding. Thank you AmoreJaz.

interesting maybe this will be the first or just me not knowing anyone has done this before.
You are smart enough to choose members from this forum to make your project look good, but why choose team members who in this forum have been banned because of plagiarism into your team?
https://bpip.org/Profile?id=1187984

I would like to ask this again.
as a blog/review service, you really have to have original content. there cannot be any risk with plagiarism.
We wanted to maintain an order but considering examplens asked the same question we thought let's answer it.
Thanks examplens and Strongkored for this nice question.

When we were partnershipping with team members we considered several factors not just their skills in the sections they are.
The first one was their interest in the project followed by the motivation to be with us.
Are they able to see the big picture that we want to achieve?
Do they have the steam to give their free time even when the project is not making any money for us?
Are they from a long gambling background?
All of these are more important than the skills we considered for the sections they are. Skills can be improved overtime when right people work together.
We needed hungry people with entrepreneurship mindset, hungry in a sense of dedication.

So, the money is to pay for the developers and the team, but the investors will only get 10% of the revenue, that doesn't sound as a good deal to me. The investors are an important part of the team, and they should get a bigger piece of the cake.
Most of the funds we will spend in Marketing and in content creation. It's 70% to 71.6% of the total collection. We explained it here, please read.

10% for the Chip offerers is not a small amount of return considering they will enjoy the reward for LIFETIME. The rewards will be sent every month. Our goal is to be the best and the best in the industry are making over $200k if not half a million. Industry is HUGE. Even if we make a $100k a month once we are able to brand our name, it's still $10k per month.

I remember now. First I noticed you on Stake the bitcoin address thread. Your domain name got my attention. It's a nice two words domain. Hopefully you will be able to brand it.

Quote
Fail to meet Hard cap reduce the revenue sharing pool to 20% for eligible Hard cap Chip offerers. The remaining is allocated for eligible Soft cap Chip offerers.
https://ibco.casinocritique.com/terms-and-conditions/

I don't think I understood the clause. Can you elaborate?

Did you miss the contents of the file?
https://ibco.casinocritique.com/wp-content/uploads/2022/08/IBCO-Terms-and-Conditions.txt
Thank you.
Soft cap revenue share is 60% out of the allocated 10% of the total revenue sharing pool.
Hard cap revenue share is 40% out of the allocated 10% of the total revenue sharing pool.
Fail to meet hard cap in a sense of after meeting the Soft cap if the remaining Chip to reach Hard cap has not meet then half from the hard cap allocation will be moved and added to Soft cap Chip offerers. Soft cap offerers will then share 80% instead of 60% and Hard cap offerers will share 20% instead of 40% from the allocated 10% revenue sharing pool.

The text file undated with our PGP signature. Thanks for bringing it to our attention.


We will address remaining responses later again. Thanks for understanding :-)
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What's  kind the casino will be? I can't see them at  whitepaper 1pages or  roadmap.
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