Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website
by
tomkat
on 30/11/2016, 17:33:52 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.

Well, there's no evidence for anything published in the ANN, so better safe than sorry.
Web archive has no copy before 2016, so there's no evidence the site was launched in 2013
https://web.archive.org/web/20130101000000*/http://betking.io