Is it confirmed that there are 100,000,000 BKB tokens?
Because the ICO description divides the total bankroll value of $ 6,500,000 with only 70,000,000 BKB tokens leading to the value of $ 0.09286 per token.
Whereas if you divide the $ 6,500,000 total bankroll value with 100,000,000 BKB, the value is only $ 0,065 per token!
So if there are really 100,000,000 BKB tokens, BetKing sold them for 40% more like their real value was!!!
And if such a ponzi scheme crushes, you of course can not get 40% more like its real value on the free market!
It was stated that there were 100 million Betking tokens created. 70 million tokens were supposed to be distributed for ICO investors and Dean Nolan was supposed to keep 30 million for marketing, promotions and "website development". What investors were not told was that those 30 million tokens were going to be part of the "profit" distribution so ICO investors who were getting very little profit anyway were now getting even less because Dean Nolan was claiming profits on the 30 million tokens that were in his possession. On top of that nobody seems to know how many tokens were "given" in exchnage for the "website development" and who the alleged "developer" was.
People are saying that the website was virtually identical to the one Dean Nolan closed in order to run the ICO so people believe Dean Nolan pocketed that tokens for himself under the guise of paying a "developer" but again because there is no accountability that he has provided means that information cannot be checked and verified. Those allegations and suspicions are still following him around and most people believe tehm to be true because of the screenshots of the Betking website he used to show potential investors when asking for funds in the ICO.
A very strange set-up in the first place and then to have the nerve to write that people should have had due-diligence before investing just does not cut it with me. That is one of the reasons so many people are calling this Betking website a scam.