This is all you need to read:
http://archive.is/9opwz#selection-6385.4-6385.34I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
There's not going to be any significant reduction in bankroll, max 10% every 3 months.
Yes I will then be making a profit on the tokens I hold, the ones not being sold plus the ones I buy back, that's pretty normal and how most businesses work.
There's no dilution going on at all.
According to ICO conditions (someone archived ICO long time ago, couldn't archive new site)
http://archive.is/tdcWr#selection-440.5-440.6Distribution
100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.
70 million will be available for sale to crowdsale participants.
30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.
BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum and Litecoin. All funds will be held in cold storage.
Use of funds raised
After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.
Is Dean allowed to use his 30% of issued tokens to buy back tokens, to put them on exchange, sell them or to put them in bankroll, as during ICO something completely different was stated?
Read again:
30 million will be retained by BetKing for ICO bounties, testing bounties, advisors, hiring, future marketing and development.
I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO
https://i.imgur.com/1Aedza2.png
Why tokens are being sold 25% under ICO price? If everything is calculated in $, profit is calculated in $, how is possible that token has the same price as it had after funds have been raised?
Does it mean bankroll didn't go up or down single....hm...part of cent?
https://betking.io/ico/
Edited
How many tokens are available to buy? From where are these tokens coming?
The current max win at the BetKing dice game is 10 BTC.
If we assume that BetKing is only allowing a max win of 2 % of the bankroll,
the bankroll would have to contain 500 BTC, which is roughly the amount of
BTC that has been raised with the ICO. Many sites use an even lower percentage
of the total bankroll as the max win. Therefore it is likely that the BetKing bankroll is
actually higher than my assumption of 500 BTC.
Assuming I want to invest in betking, where can I find this info?
