Quote from: BetKing Support on August 04, 2017, 04:02:39 PM

Quote from: mijkrofl on August 04, 2017, 06:37:28 AM

Quote from: iluvbitcoins on August 03, 2017, 10:51:20 PM

Quote from: mijkrofl on August 03, 2017, 08:35:49 AM

Thanks alot, but regarding 1).

How to determine how much tokens you get for lets say 1 ETH? If there's no contribution cap, you may run out of tokens if the max is 100m.

Lets speak hypothetically;

A person gets 1 million tokens for 1ETH, and people contribute 101 ETH... then what? That would be 101m where the max is 100m? Or maybe i misunderstand your explanation? How many tokens will be give for like 1 eth?

There's a total of 70 million tokens, their value will be calculated by dividing the total amount of funds gathered with the ICO with the total token supply (70 million)

So for example, if we gather 35 million $, then the value of the token would be 0.5$

ICO funds / Token supply = Token price

35 million / 70 million = 0.5$

If we gather 7 million $, then it's
7 million / 70 million = 0.1$

Hope you understand now

I don't think you understand my question.

Normally, ICO's tell me how much tokens i get for 1 ETH.

Lets say; i get 70.000 tokens for 1 ETH, so that means 10 ETH for 700K tokens, 100 ETH for 7 million tokens and 1000 ETH for 70 million tokens. So in this scenario 1000 ETH is max contribution.

But the first post in the topic says there is no contribution limit. So what if too much people contribute and your total contribution comes around 3000 ETH?

Or are you also dividing the tokens by the amount of ETH or BTC cntributed, then you are unable to tell how many tokens people will get for 1 BTC or 1 ETH.

I'm not talking about the value, i'm talking about the amount of tokens per ETH or BTC in this ICO Tongue

Thanks in advance

The amount of tokens per ETH/BTC is determined by how much is raised in the ICO. We will know how much each token is worth after the ICO ends. It's impossible to determine how much each token is in ETH/BTC at this point. There's also no way too much is raised because the total amount in $ raised (convertable to ETH/BTC etc.) is divided by the total amount of tokens (70 million) which will determine the initial price.

You're confusing this with ICOs that determine how much each token is worth beforehand. In BetKing ICO you will know the amount of tokens you will get after the ICO ends and therefore is determined by your share of total raised.

kinda sounds like a roulete game you never know until you spin place your bets