Re: BetKing.io -50BTC Jackpot-30BTC max bet! faucet- 25% rakeback. BTC,ETH,LTC DICE
As much as I love the drama in this thread, let's stick to the facts. Here are some facts to consider:
1.
I am not able to see the answer why he divided the total bankroll value of $ 6,500,000 end of the ICO with only 70,000,000 while the total number is 100,000,000?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: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 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.
The site will be making profit in that time and it will be the profit that is used to buy back the tokens.
3.
My question:
Very interesting point because you still can buy BKB tokens even though the tokens bought back won't be re-sold!~ you can buy BKB directly on BetKing with 25% discount
https://betking.io/invest
At the first page of the BKB Crowdsale thread, Dean told me this wouldn't happen.https://betking.io/invest
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.
This means that BetKing continuously creates new BKB tokens making the existing tokens more worthless, because to determine the basis value of the BKB tokens you need to divide the $ 6,500,000 with all existing tokens.
This further confirms that the value of the BKB token is not determined as announced, but somehow based on an internal and secret fantasy formula determined by BetKing!
