Post
Topic
Board Announcements (Altcoins)
Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!!
by
hmachado
on 10/04/2016, 09:26:25 UTC
Is it possible to see the invested balance in some BTC account?
How do we know you are not re-investing with the investments from other members?


You can see all the investments on the ledger. Every night we sell the majority of the bitcoin that has come in during the day. We do this for a few reasons but the main 2 are because, we are offering perks to our investors that actually cost us money our of pocket (steam prepaid cards, steam silver ect) so we must sell right away to cover theses costs. The 2nd reason we sell daily is because we are not gambling on the price of bitcoin. We have expenses and bills to pay and most of them don't take bitcoin as payment. Holding fiat is much safer for us then holding bitcoin is and the last thing we want to happen is for bitcoin to dump $100 and we end up losing 25% on top of what we have to put our for the perks.

Thanks for the great question.

Considering the ICO got you 260 Btc, how much of that did the team already spend?

Also, how much was spent with incentives to get new users and with gambling bonus (prepais cards, steam silver etc).

What is the user aquisition cost at the moment?

Thanks for your time


Is this classified information or you just missed the post?
Still very interested in knowing this info, if possible.