That's not how anything of this works but sure.
Can you work us through some examples then?
I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side.
I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be.
I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'.
I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation).
200-300 sat. Keep dreaming.
Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume.
Yes. They "evaluated" their company at 1 mil $ and to make 1 mil $ they would need people to loose 50,000,000$ on their site.
A thing to keep in mind. Since the profit is taken from loosing side it means it will take quite a bit longer as most players put money on the side they think will win. Or they will put smaller amounts on the loosing side. So it will take considerably longer to ROI.
Interested in seeing how it plays out for the users. I might get some coins from the market at some point when they are around 200-300 sat range, maybe less.
EDIT: OP is it possible to get the levels from the ICO by buying coins off the market ? Or was that just for people who put in btc
