https://archive.is/cmD3j#selection-525.0-533.495BetKing, a popular Bitcoin gambling platform known for making profits worth over 7400 BTC during its previous stint has announced the ICO of its BetKing Bankroll tokens. The four-week long crowdsale is set to go live on August 7, 2017, and end on September 4, 2017. During the period, investors and cryptocurrency enthusiasts can purchase BetKing Bankroll token against Bitcoin, Ethereum, Litecoin and Dash payments.
The platform has set the maximum cap for Bankroll tokens at 100 million, out of which 70 million is being made available to the ICO participants. The rest will be retained by BetKing and used for paying ICO bounties, testing bounties, advisors, hiring, future marketing and development activities.
The funds raised from the crowdsale will be used to build and operate the revamped BetKing casino platform. Out of the total funds raised, the platform will allocate 50% for bankrolling the bets placed against the house by players, and the remaining half will go towards development, marketing, promotions, infrastructure and legal costs. The platform has already raised over $1.2 million through the recently concluded Pre-ICO, during which early investors availed a 25% discount on the tokens.
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http://www.newsbtc.com/2017/08/05/betking-ico-an-opportunity-for-investors-to-gain-a-share-in-casinos-profits/
https://archive.is/ULSE9#selection-521.0-523.406More than $1.5 billion and counting. Call them token sales or initial coin offerings (ICOs), the funding method has quickly emerged as the de-facto way for blockchain projects to raise capital – one that is dominating headlines, as well as a growing portion of CoinDesk's editorial coverage and quarterly "State of Blockchain" report.
And it's easy to see why: ICOs are now contributing significantly more funding to the blockchain ecosystem than traditional venture capital, not to mention skyrocketing in terms of deal volume and size. The landscape is also quickly evolving in terms of deal structures, platform use, perceived legality, investor interest, and more – all leading to a boom in the amount of new data available for analysis.
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