Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website
by
lorylore
on 30/11/2016, 17:22:10 UTC
Why there's no escrow for this ICO?

You invest in the website, this website runs for year, and this project is hosted by the owner of website itself, therefore i guess no escrow needed maybe

I think it's also a coin
Quote
BetKing will create 100,000,000 tokens (100 million) to represent 100% shares of BetKing.

Escrow is the only protection against scam, so any ICO without escrow is just more risky.



But the difference here is that in the first place, a lot of people are investing in betking site previously with up to 4000 btc. So in this case, betking is quite confidence that he is able to rise a significant amount without any escrow as he already have proven that he has handle the btc well for yrs.