Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.
Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.
This is the most plausible theory I've read.
Just less than 16 months ago the scammer Dean Nolan raised over 1000 BTC, over 4600 ETH and over 850 LTC. That was over $6.5 million at the time. The scammer Dean Nolan raised:
over $4.8 million in BTC
over $1.6 million in ETH
over $66,000 in LTC
He would have to be an even bigger scammer, be an even bigger failure and be even more pathetic than I could have even imagined if he is now insolvent.
This is what the scammer wrote about using funds:
"
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."
The former is an out and out lie because 50% of the ICO funds (which amounted to 500 BTC and 2250 ETH and 425 LTC) did not go towards bankroll. The latter is highly ambiguous because the individual costs were not estimated however it was deliberately worded that way because the scammer Dean Nolan wanted any excuse to divert funds to his own back pocket under the guise of "marketing, promos, seo, design, development, server costs and legal." There was no development, no work done on the website, nothing apart from adding and removing plugged-in affiliate software from sportsbook and livetable.
This scammer tried to sell his failing betking website on several occasions before closing down, having the ICO and re-opening with the same identical website because that was the only way he could get-rich-quick.
Does anybody know why the Crypto Gambling Foundation logo and accreditation no longer appears in the betking scam website?