As much as I love the drama in this thread, let's stick to the facts. Here are some facts to consider:
1.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!
I've raised this question
here on June 23, 2017. It was answered 3 posts lower:
I don't end up short. The buy back price is tied to the current bankroll profit. I'm committing to buying back at least 10% of tokens every 3 months.
The site will be making profit in that time and it will be the profit that is used to buy back the tokens.
2.What investors were not told was that those 30 million tokens were going to be part of the "profit" distribution
That's not true, it was explained:
The total funds raised will determine the price per BetKing Bankroll token.We will take the total value of all funds at the current exchange rate at the end of the crowdsale to determine the total raised funds.E.g. If we raised $1,000,000 then the price per token would be $0.014 (1,000,000 / 70,000,000).
The buy back price offered by BetKing will be based on the current total bankroll profit.So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).
3.At the first page of the BKB Crowdsale thread, Dean told me this wouldn't happen.
My question:
Will the tokens that are bought back by BetKing be re-sold again at some point, or are they off the market forever?
Dean's answer (
archived):
They won't be re-sold no.