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Topic: www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!! - page 155. (Read 208259 times)

hero member
Activity: 924
Merit: 1000
read the OP, clearly they are moving the goal posts as they desire...


"It is important to note these are initial values. Over the spand of a year the value of %-sold will be lowered by 33% a maximum of 2 times. For example, if 30% is sold initially, after 6 months it will be reduced to 20%, and then after another 6 months to 10%. This is to address investors return-of-interests as we understand profitability within the first year of operating will be lower than in the long-term."

It was originally 10% a fixed rate of 10%

now for the first year that has increased to 30% if the funding target they desire is reached, this was due to peoples concerns on this forum stating 10% was too low .

Moving the goalposts to favor the investors...................

anything else you got on that list?


if you buy equity in a company you can't just have it changed at the whim of owners...so if they made a ton of money they can put it at 1% or less...how awesome!!!!


They have increased profits for their investors for the first year to appease investors concerns , thus by doing so lowering their own profits for the first year.

They could build their own space rocket and attempt to fly to the moon also .

If they made a decision to destroy their own coin , just like any single developer of ANY COIN could do so, then that is one of the risks in crypto , its a risk in every single crypto that has been made . you are pointing out a problem with all cryptos .

Why do developers not do that? because then they destroy their income/earnings /project .

If they want to maintain a healthy business and a successful gambling website, reducing profits to 1% would destroy that business , their 99% profit of nothing is a hell of alot less than 70-90% of a healthy business
hero member
Activity: 490
Merit: 500
read the OP, clearly they are moving the goal posts as they desire...


"It is important to note these are initial values. Over the spand of a year the value of %-sold will be lowered by 33% a maximum of 2 times. For example, if 30% is sold initially, after 6 months it will be reduced to 20%, and then after another 6 months to 10%. This is to address investors return-of-interests as we understand profitability within the first year of operating will be lower than in the long-term."

It was originally 10% a fixed rate of 10%

now for the first year that has increased to 30% if the funding target they desire is reached, this was due to peoples concerns on this forum stating 10% was too low .

Moving the goalposts to favor the investors...................

anything else you got on that list?


if you buy equity in a company you can't just have it changed at the whim of owners...so if they made a ton of money they can put it at 1% or less...how awesome!!!!
hero member
Activity: 924
Merit: 1000
read the OP, clearly they are moving the goal posts as they desire...


"It is important to note these are initial values. Over the spand of a year the value of %-sold will be lowered by 33% a maximum of 2 times. For example, if 30% is sold initially, after 6 months it will be reduced to 20%, and then after another 6 months to 10%. This is to address investors return-of-interests as we understand profitability within the first year of operating will be lower than in the long-term."

It was originally 10% a fixed rate of 10%

now for the first year that has increased to 30% if the funding target they desire is reached, this was due to peoples concerns on this forum stating 10% was too low .

Moving the goalposts to favor the investors...................

anything else you got on that list?
hero member
Activity: 490
Merit: 500
read the OP, clearly they are moving the goal posts as they desire...


"It is important to note these are initial values. Over the spand of a year the value of %-sold will be lowered by 33% a maximum of 2 times. For example, if 30% is sold initially, after 6 months it will be reduced to 20%, and then after another 6 months to 10%. This is to address investors return-of-interests as we understand profitability within the first year of operating will be lower than in the long-term."


The biggest scams these days are the legit ones with small print...they screw you out in the open with a lawyer.
sr. member
Activity: 476
Merit: 500
Re-Evolution
what will happen in 32 hours!?

the sale will end and the people who missed out will be forced to buy gbt for 2x on the exchange.  Wink
hero member
Activity: 770
Merit: 500
what will happen in 32 hours!?
sr. member
Activity: 504
Merit: 250
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.


is this get gems all over again where they sell tokens and in the end sell of the real assets of the company to venture capitalists leaving the token owners holding their own dicks...


No this is people not understanding stuff from the looks of it


GBT is GameBeTcoin , this is the coin the investors are getting from the ICO , This is also the coin that will be sharing distribution of profits from the website , depending on how many of those coins you hold


EVEn if this is legit I don't like the shifting percentage the ICO seems to give....You can't just move the goal posts, people need to know what they are investing in. I mean it could be that you end up owning 1% of coins but what you actually get is 1% of 7% profits which is like .0007% of profits....not good....bearing in mind this site is just opened and has no reputation.

Lets be clear sure this might go up but what we are doing it funding the entire development of a gambling site and getting a tiny fraction of the profits..

Pretty sure that if you host an ICO, you can do exactly whatever you want if you describe for the public to consume. Your example is also completely false, since you can easily figure out your share using the information given.
sr. member
Activity: 476
Merit: 500
Re-Evolution
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.


is this get gems all over again where they sell tokens and in the end sell of the real assets of the company to venture capitalists leaving the token owners holding their own dicks...


No this is people not understanding stuff from the looks of it


GBT is GameBeTcoin , this is the coin the investors are getting from the ICO , This is also the coin that will be sharing distribution of profits from the website , depending on how many of those coins you hold


EVEn if this is legit I don't like the shifting percentage the ICO seems to give....You can't just move the goal posts, people need to know what they are investing in. I mean it could be that you end up owning 1% of coins but what you actually get is 1% of 7% profits which is like .0007% of profits....not good....bearing in mind this site is just opened and has no reputation.

Lets be clear sure this might go up but what we are doing it funding the entire development of a gambling site and getting a tiny fraction of the profits..

The % is clear. The numbers are not up for discussion we all know what we are getting into. Not sure where you got that the goal posts will be moved and I know the site obviously had development prior to the ico even happening. i cant say we are funding the entire development and neither can you frankly.
hero member
Activity: 924
Merit: 1000



EVEn if this is legit I don't like the shifting percentage the ICO seems to give....You can't just move the goal posts, people need to know what they are investing in. I mean it could be that you end up owning 1% of coins but what you actually get is 1% of 7% profits which is like .007% of profits....not good....bearing in mind this site is just opened and has no reputation.

we were discussing a completely different matter .

You got confused by someone who didn't have a clue how the coin even works , he thought there was some token aswell as the coin simply because the coins exchange name is GBT , so he thought it was a token and gamebetcoin was a different coin .


I have corrected you in that flawed thinking , what is the point of just completely sidetracking everything i just explained to come up with another unrelated problem you have before even acknowledging the previous mess up ?

What shifting goal posts are you even talking about? do you mean the way that 80% of ICO's in crypto have been conducted , not having a fixed price per coin and that at the end of the sale the coins are divided up by those totals invested? thus causing you disappointment if someone deposits large amounts in the final few hours?

that isn't moving goal posts.

please give a detailed reason to assume they have "moved the goal posts" from any original plans from the beginning of the project


Edit : I am wrong, there is apparently a token aswell as coin
hero member
Activity: 490
Merit: 500
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.


is this get gems all over again where they sell tokens and in the end sell of the real assets of the company to venture capitalists leaving the token owners holding their own dicks...


No this is people not understanding stuff from the looks of it


GBT is GameBeTcoin , this is the coin the investors are getting from the ICO , This is also the coin that will be sharing distribution of profits from the website , depending on how many of those coins you hold


EVEn if this is legit I don't like the shifting percentage the ICO seems to give....You can't just move the goal posts, people need to know what they are investing in. I mean it could be that you end up owning 1% of coins but what you actually get is 1% of 7% profits which is like .0007% of profits....not good....bearing in mind this site is just opened and has no reputation.

Lets be clear sure this might go up but what we are doing it funding the entire development of a gambling site and getting a tiny fraction of the profits..
sr. member
Activity: 504
Merit: 250
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.


is this get gems all over again where they sell tokens and in the end sell of the real assets of the company to venture capitalists leaving the token owners holding their own dicks...

Amazing that you don't even understand the example you are making. The token here is a PROFIT SHARING token, not ownership. The fact that you don't understand the difference is frankly mind boggling if you are over 12 years old. The fact that we don't invest in a token (Factom) that requires massive usecase for any value to be realized, or ownership in a company (that may need additional capital) is the entire attractive prospect of this ICO. Scares me that  people like you actually exist.
hero member
Activity: 924
Merit: 1000
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.


is this get gems all over again where they sell tokens and in the end sell of the real assets of the company to venture capitalists leaving the token owners holding their own dicks...


No this is people not understanding stuff from the looks of it


GBT is GameBeTcoin , this is the coin the investors are getting from the ICO , This is also the coin that will be sharing distribution of profits from the website , depending on how many of those coins you hold
hero member
Activity: 490
Merit: 500
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.


is this get gems all over again where they sell tokens and in the end sell of the real assets of the company to venture capitalists leaving the token owners holding their own dicks...
sr. member
Activity: 504
Merit: 250
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.

I would assume there might be some other form of ownership outside of the profit-share crypto that is being sold now. Since only 30%-20% of profits are disbursed through the GBT.
sr. member
Activity: 476
Merit: 500
Re-Evolution
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet

I forgot about this. maybe daily can answer this for us.
member
Activity: 103
Merit: 10
i.imgur.com/RK7GDbw.jpg
I look forward to learning more about the relationship between my Gamebet Tokens (part of the original investors group) and this Gamebet Coin.

wait.... back that up? gamebet token? original investors Huh please explain more.

I haven't seen an answer to this yet
sr. member
Activity: 504
Merit: 250
just question. what to do to stop criminal using site to laundry money with steam guns?

I would assume nothing. It's the same as people depositing money to online poker sites and colluding at tables as a way of laundering. Just really can't be stopped in a good way without WAY too much work.
hero member
Activity: 539
Merit: 500
Nkcom Collection Shop
just question. what to do to stop criminal using site to laundry money with steam guns?
hero member
Activity: 812
Merit: 1000
www.gamebet.gg
What is the minimum amount of btc that will be paid out for owners of GBT?

Thanks for your question. The amount paid out for the owners of GBT will be dependent on how much is raised at the end of the crowd fund (which will determine the %-sold) and how much is revenue is generated at the end of reward cycle.
hero member
Activity: 539
Merit: 500
Nkcom Collection Shop
Hey guys
 
There's been some discussions on the profitability of the project. First and fore-most, one needs to understand the project is at the cusp of 2 emerging sectors, both of which are far from their true potential
 
1. Crypto-currencies
2. E-sports.
 
The product itself is solely positioning itself for massive market-share in the coming 2-3 years and aiming for growing along with the sectors. This is a common trend among any of the big enterprises that have actually made it big. A good example for the same is google back in the late 90's. When it launched, it was nothing but a form of indexing the links, with certain advantages. Were there others in the space? Yes. But what differentiated the team was a simple product, the will to last during the bust - and of course consistent delivery of what consumers needed. There is active discussion of the valuation of the project. You need to realize the concept of a pre-money valuation. Its the value of an enterprise, BEFORE it makes any money. Most organizations at scale have it during their early days. Its at the crux of what makes capitalism effective. Does pre-money valuation make sense ? In most cases, no. Its not a valuation on basis of the revenue but rather the risks assumed by the founders, the quality of the product and the possible profits involved. If we were to do a rot revenue analysis, we would be engaging with banks and not the community here.
 
All that aside, that is not what this post is about. Its about a product that is left to be marketed. To date- the product hasn't had a release on twitch or even a PR mention for that matter. The marketing campaign, along with the referral campaign will soon be live along with the sports betting front. As the focus shifts from fund raising to actually marketing the product, revenue is a given. Granted there are risks like with most projects, the founders have actually slapped a lot more than  a white paper - but a real product.
 
So, lets keep the trolling aside for a bit. In case there are any queries / bug fixes / suggestions to be made on the product itself, feel free to post here.
 
If you'd like to join the team - send in a CV to [email protected] and we'll revert to you.
We are looking to expand the team!

*edited.



its interesting project but after looking online there are lots of e sport gambling sites already, mainly big players. Potential but also risk i think...

I'm going to buy 1btc and see what happens...can I just send it to the invest address from an exchange?

I have quite a few BTC in this one. Competition is good, and honestly. Even if Gamebet.gg hits just Top-10 E-sports betting sites I see a huge multiple for one of the first coins that actually makes you dividends.

are you 12.5?  Huh

https://youtu.be/_Awh3pZzgH4?list=RD_Awh3pZzgH4&t=8


https://www.youtube.com/watch?v=dQw4w9WgXcQ&nohtml5=False
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