Re: [ANN][ICO] Billionaire Token - Are you burning to play? 🔥 Special 75% bonus

This project seems very interesting.

However I wonder why I cannot find any information about the team? Who are the people behind this project? And why can't I find any information, linkedin profiles and past experience?

I assume there is nothing to hide right?

And what about the legal structure? There are a lot of legal requirements and rules when it comes to gamble websites. Where are these covered?

Hey ifrietpani.
There's nothing to hide, it's just that at this point in time we're not sure we want to go 100% public and show our names.

I'm in the process of quitting my job and because of this, right now I can't show my linkedin profile over here and link it with this personal project of mine.
The way I see it is like this: On the odd chance of the market crashing, or any other sort of unpredicted failure I will be in a very bad position had I went public with this. My team and I will still continue the project no matter what happens - however if it does indeed crash I would not be able to go forth with the plan that I have to quit my job and go full time crypto-developer. So I would need it. I would need to keep the job I have to sustain myself.

But I wouldn't be able to keep it if they found out I had any other sort of personal project - it just doesn't work that way where I work.

What I can tell you at this point is that, if we are indeed succesful with the ICO (and by the looks of it - it's going quite great), and we will have enough funds to keep the project going and we go to a point in time where I finally realize my dream of being a full time crypto-developer, then i will link my linkedIN profile here.

About the legal structure, we are in collaboration with a legal representative that will advice us on moving forward. You are absolutely correct, if we will be allowing people to instantly buy XBL tokens from us, or instantly fund their gaming accounts with credits (so they don't even know they're playing on a blockchain) we will need to have the legal structure into place.

Dear Gluedog,

Thank you for your clarification. I have to say I preferred to receive some personal information about your team, but I can understand your decision not to do that.

I have another question for the long term. How do you plan to earn money as a company with this project. I know a part of the coins go to the team, but this is to limited to be sufficient on the long term (I do however like the fact that the percentage of the tokens that go to the team is rather low). Also with these raffels, no money will go to the future development. Are you planning to gather additional revenue by using a rake system in the future poker rooms or what is your plan to generate revenue on the long term?

Rake system is one thing we will be looking at doing. However we are dedicated to bringing the lowest and most competitive fees on the market.
We are also looking at implementing our own blockchain in the future, doing a 1:1 swap and having masternodes.
Holding the premine is just another way we will be profiting from finishing our project.

The Billionaire Hold'em software will be released under an open-source license. We are looking at the idea of allowing community members to run the game on their servers, thus creating a truly decentralized gambling platform.
Incentives for this will be in the form of comissions that every community members will gain if they host the game servers - hosting a table or more tables if you will. This will ensure the continuation of the project even if one central authority (like our company) fails because of different legal or environmental factors.

The Raffle and the Burner will be fully decentralized and once they are deployed they will not be influenceable by Billionaire Token in any way. Billionaire Token does not take any sort of payment/comission from the raffle or the burner. They are fully decentralized and autonomous.