The current news is quite worrying, first the SEC started to crack down on ICOs that were selling "unregulated securities" and now China is banning all ICOs.

However, we do not believe that Billionaire Tokens are securities. They will have a use-case right away after the token sale via our decentralized Raffle and Burner.

All in all, Billionaire Token is a self sufficient gambling system at the base of which lies an ERC-20 Ethereum Token, that will work together with two other decentralized applications deployed on the Ethereum Network. These two Smart contracts represent the core of the deflationary mechanism at the heart of everything. All of this is experimental, it has never been done before in the way we are doing it. We can not and will not make any guarantees about the future value of Billionaire Token.

None of our team members are from the US or CHINA. This ICO is not based in any one country either. We are a bunch of people from all around the world that are building open source, decentralized software for fun.

We have stated before that we will do our project no matter how many tokens we sell, we do not need these funds to finish our roadmap. Many projects start development after their token sale, we have started it before and are working on delivering the first part of our roadmap and a complete deflationary system by the end of the 31 days.