Just trying to answer all of todays questions. I hope to be back later tonight with a formal update.Lets say the ico ends with 200 BTC.
If i put in 2btc that will give me 20.000.000 / 200 * 2 = 200.000 GBT
What would that give me in monthly profit for holding those 200k coins if for example the house is making $20,000 every month ?
Hello, This question has been asked many times before using many different numbers. We'll try to answer this hopefully for the last time. Yes. If you put in 2 BTC (~$800) and our sale ends at 200 BTC raised, thats 1% of the 20,000,000 GBT which is 200,000 GBT.
So if the 200 BTC would be raised that puts us in the 30% bracket, so 1% of 30% is 0.3%.
$20,000 * 0.3% = $60
A few things to note here, $60/mo for a year would cover (close to) your original investment. The GBT you purchase will likely rise in value on the exchanges as we grow bigger, start earning more money and continue to release updates such as more sports options our Casino and Fantasy expansions.
Dev, how do you see the value of GBT growing then? the coin itsself wont be used for betting, how will the coin GBT get attention from investors then?
You must come up with something within the website that makes people want to buy GBT in my opinion, something where users of the site feel they need to/want to buy GBT, .
maybe use a little bit of the premine, and put it in betting pots ( for every dollar bet 1 GBT maybe?), so winners also receive some GBT, so they also have the GBT in their posession, and know more about it.
Im trying to think of more but cant think of anything else at this moment.
The coin will be natively integrated into the site and have purpose itself on the site, we've mentioned this a few times now. We also plan on integrating it via a faucet which pays out for playing Steam games to put GBT in the hands of many new people. As our company grows in value, the coins value will directly reflect this.
OK so I've read through all pages today for about 1 hour and a little confused about how it works. So the GB Tokens that are sold through the ICO will have a value that can rise or fall on exchanges like any other coin right? And how do profits work when you invest a certain amount of btc in ICO?
Profits are based on your holding of GBT. The amount of GBT you receive will be based on the amount of BTC invested in the sale. Yes, since GBT will be openly traded its value could rise or fall, however it's value will always correlate to how we as a company are doing.
I was setting up the 2FA but my Internet went down so I didn't complete the 2FA and logged out, but now it's asking me for my 2FA code to login. I have invested in ICO.
I have also dropped you an email about this.
I believe I have replied to your email, please confirm it was you.
Some days ago i had taken a glance at this topic and it looked interesting so i kept it on the bookmarks to take a second look later.
After 3 hours getting up to date with everything that was posted, still cant say im 100% convinced, but 100% wouldnt be realistic on Crypto.
You have some stuff already working and thats more then we can say about most of your "competitors".
Also this seem to be a "honest" attempt to do something that appeals to a lot of people.
Gonna consider getting in, good luck.
Thanks for your interest in our project. As we strive to continue to meet and exceed our investors expectations we are working with people on our platform, especially our current front-end design to improve the over all user experience.
Can the sports betting open up sooner then the playoffs. It would be nice to get a feel for it before the actually playoffs start and can get more users for the site right away.
I will discuss this with the team tonight and update the thread when there is news.
Price in more or less after relase?
Sorry, I don't quite understand what you're asking.
Im in. threw in 0.98 btc a few moments ago. Just wanted to be clear on one thing though. Will my GBT be deposited directly into my game bet account or will i need the wallet to get my GBT coins.
We appreciate your interest and investment. Your GBT will be deposited directly to your GameBet account and be available to withdraw off the site into your own personal wallet. Having a wallet is not mandatory.
Im in. threw in 0.98 btc a few moments ago. Just wanted to be clear on one thing though. Will my GBT be deposited directly into my game bet account or will i need the wallet to get my GBT coins.
I am assuming the GBT will be tied to your bitcoin address and NOT your gaming account.
This is incorrect (see above). This is why we recommend securing your account with 2FA. GBT will be withdrawable from your GameBet on-site account to your wallet (and likewise redepositable).
Could I get more SS tokens instead of the steam prepaid card?
Yes.
Can the sports betting open up sooner then the playoffs. It would be nice to get a feel for it before the actually playoffs start and can get more users for the site right away.
Yes please open up the sports betting ASAP. I have my account funded with $400 and im ready to start making bets.
I assume Sports Betting will also be p2p (winner v loser) and not house in any respect (risk wise). Cause that is a good way for a small project to go GG, bankrupt.
This is correct, until we have a big enough of bank roll to take such a risk for player vs house betting it will be p2p betting.
If we have our coins on exchange, will we still get our % of profits?
No, we have no way of tracking that. To earn your % the coin must either be in your GameBet account or on an address that we can have verified
