Quote from: jacaf01 on November 29, 2016, 04:30:03 PM

Quote from: OsNaP on November 29, 2016, 04:07:41 PM

@BetKing.io

2 questions.

1. How will we be able to buy / sell tokens amongst ourselves.
We will need some sort of exchange site.

2. How can we (the investors) be sure that the 70% of your shares don't suddenly become available for sale.
It would potentially decrease the value of every token with 70%.
And probably even more because of people panic selling their tokens.

I'm basically saying that a market where 1 person has 70% shares isn't a healthy market.
You would have to much control over the available tokens on the market.
And you could deflate the market at any time.

I will like Betking.io answer to these questions especially the second one because centralisation of 70% of the shares in someone's hand is a threat to other investors and also how do you come about the valuation and believed that you worth to have 70% of the total shares of the project. Assuming the project was able to raise 5000BTC form this ICO. That means you are holding 11667BTC Betking token in value.

As mentioned a few times we will look to put the shares on an exchange or build one in to the site, or a separate site.

Regarding the second statement. You just have to trust me. I'm one of the most trusted members of the forum and have looked after 6000 Bitcoin of other peoples money for a few years now.

That said. There's nothing really stopping me selling more shares. Unless there's some legal reason.
If after a while I wanted to sell an extra 10% privately to raise extra funds I can and there would be just one other person gets some of my share. Your share remains the same. There's no new tokenscreated.

As for the worth. This is a business that I built from scratch and created a brand that has made $5 million in two years.
That's what you are investing in. I don't need to be holding 11667 btc as you state.

Remember I am not forcing anyone to invest here. It's up to you. If you think it is a good investment for you then invest if not then there's plenty other places.

Thanks