Post
Topic
Board Gambling
Re: BetKing.io Relaunch - ICO - Earn BKB for bug reports
by
LoyceV
on 18/07/2017, 17:27:45 UTC
There is a point I don't understand regarding the ICO, we do buy a portion of the website capital and it would be re-bought at a percentage of made profit if any, however, do we get shares/profit based on the BKB we have (like regular shares) or just the re-buying percentage?

A quote from the website:

"All profit made on bankrolled games will be audited and made available to token holders as was done in the past with the crowdfunded bankroll profits."

So therefore profit is shared between token holders and on top of that BetKing offers to buy some tokens back quarterly. I'll ask Dean for confirmation on this though.
Profit is made available as part of the buy-back price, AKA profit means the value of BKB Tokens goes up. There will be no payments to Token holders unless you sell some.