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
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.ioIf you go to dicesites.com and press the date then you get the history:
Apr '13: pocketrocketscasino.eu
Jan '14: Invest in casino
Feb '14: Dice game
May '14: prcdice.eu domain
Jan '15: back to pocketrocketscasino.eu
Nov '15: betking.io domain
Sorry, but my confidence is very limited if there's no Escrow.
There're too many changes, and ambiguous information, ie. pocketrocketscasino.eu launched in Apr 2013 but first snapshot in webarchive is March 2014
https://web.archive.org/web/20140101000000*/http://pocketrocketscasino.euand first snapshot of dicesites.com is Nov 2014
https://web.archive.org/web/20141113082619/http://dicesites.com/Without Escrow this ICO is just too risky (at least for me)
Dean's site has been a major player in the Bitcoin gambling sphere for a few years now. Right now Dean is holding thousands of BTC of customer funds without escrow. Escrow is absolutely not needed in this case.