Hey guys, posting here to give an update on how things are going. We're still in works with Chris Sanders on the youtube intro, it's taken longer than we've expected but this time has allowed us to ensure it will be very high quality material. Reminder, Hockey will be released tomorrow to kick-off our sports betting. Basketball, as well as other sports mediums will be released in the subsequent days to come. We want to thank you guys for your support and investments. We've still got a way to go from our initial goal, but there's still a few days left and hopefully we'll reach our goal or get as close as possible to it! We want to thank everyone for all the great questions posted on the thread, in PM, email and through (contact us) the site.
We think we got to everyone's questions but if we missed any please accept our apologies and let us know. Last, but not least, we wanted to thank our users; The ones who are placing bets, winning and losing and creating great prize pools for everyone to enjoy; Without you the site would cease to exist. We also wanted to take this time to update everyone on the business side of the site. Our second week beta gave us some early indicators that we were onto a good thing with GameBet but after looking at the results over the last 14 days there's no doubt that GameBet will be successful.
I think one of the exciting parts of the project is that once you have the backend, you can add pretty much anything.
Our site is very flexible in what we are capable of doing. We take pride in ensuring that we have the right people to get jobs done efficiently as well as bringing to life new ideas.
IDK have you seen some of the other gambling sites around?
its obvious this has real credibility and a product out before the ICO is even released.
I'm in love with it so far, really excited for the ICO now!
Thank you for your kind words, we wish to continue to meet and exceed your expectations in the future.
We think we got to everyone's questions but if we missed any please accept our apologies and let us know. Last, but not least, we wanted to thank our users; The ones who are placing bets, winning and losing and creating great prize pools for everyone to enjoy; Without you the site would cease to exist. We also wanted to take this time to update everyone on the business side of the site. Our second week beta gave us some early indicators that we were onto a good thing with GameBet but after looking at the results over the last 14 days there's no doubt that GameBet will be successful.
wow, the amount raised is now ~75 btc... Now i have a quick question... is there an investment cap? are you only looking to raise 100k so that at ~250btc raised the crowdsale will end? Anyways, the ledger is filling up and this project looks pretty promising! I look forward to updates and hope you consider adding some fantasy type football betting like draftkings to the plan
There is no investment cap. As stated in the opening post if we raise more than 100k that would be amazing and the total sold would be in the highest bracket available. Distributions will still be based on how much a user has invested percentage wise. Thanks for your support and yes it is a plan to eventually add Fantasy based betting.wow, the amount raised is now ~75 btc... Now i have a quick question... is there an investment cap? are you only looking to raise 100k so that at ~250btc raised the crowdsale will end? Anyways, the ledger is filling up and this project looks pretty promising! I look forward to updates and hope you consider adding some fantasy type football betting like draftkings to the plan
I think one of the exciting parts of the project is that once you have the backend, you can add pretty much anything.
You can’t expect anyone to invest when your numbers don’t back a million dollar valuation - However I would be willing to buy some of the coins later and play the market depending on how it does upon initial release.
IDK have you seen some of the other gambling sites around?
its obvious this has real credibility and a product out before the ICO is even released.
I'm in love with it so far, really excited for the ICO now!
how will you use the money? what will you do with the raised funds? if you assume for example raising $100k worth: your staffing plans? new developers? management? the specifics of your marketing strategy and why it costs so much? how long will the money last? exactly how much are you being paid? (in usd)
A lot of this is covered in the business plan, please take some time to read it. Here is a link: http://www.gamebet.gg/Content/BusinessPlan-Gamebet.ggv1.0.pdfWill the ICO distribution be limited? like only one user can buy limited amount of GBT from one IP or something? What if some whale decides to jump first and buy GBT for, example, 400 BTC? he can own half of total supply and that can be really bad. GBT will be centralized and held by just few guys.
That's a great question. We could have tried to go about blocking people from doing this, but at the end of the day it is not possible to implement such a strategy as if someone wanted to they could easily use multiple proxies, computers, etc. Due to this, we've chosen to allow it as a free market and people are open to invest as much as they choose.I Would be interested in investing once we get to know the team. is there any type of biography page or similar. where can i follow the updates for this? do you have a twitter or facebook.
Yes we have a twitter you can follow us as @gamebetgg and we do not yet have a facebook. There are small bios written for the core team members in the opening post. We do also have a Steam group which you can join here: http://steamcommunity.com/groups/gamebetggThis was a clear thorough update, could you do these on a weekly basis? Maybe it an idea to use the one above as a standard only adjusting the numbers and add other note worthy stuff for that given week.
I am a humanitarian at heart, I just play the part of misanthrope occasionally as a matter of catharsis. Keeps me somewhat sane. 