Dean personally profited by the terms of the ICO when the price of bitcoin went up (by pegging the token to USD, while holding btc). I agreed it was fair, because under the same terms Dean would personally lose if the price of bitcoin went down. When I inquired about how that is possible, and at what price bitcoin would need to drop to make that untenable, he said "even at $1" he could do it, because he has system in place to automatically sell bitcoin and would always honor the buy backs.
No, scam artist Dean Nolan did not benefit by pegging the token to USD!
The terms of the fantasy token ICO clearly stated that the profit from currencies will be added to the token value:
The token value is calculated as:
I + (P /100,000,000)
Where I is the initial token price after the IC0, $0.09286 and P is the total site profit from all games and currencies at the current exchange rate in $.
He simply scammed the investors with not adding the profit from all currencies to the token value!
If he would not have stated in the fantasy token ICO that the currencies profit will be added to the token value, then he could have legally benefited from the value increase of the currencies.
It would be still a scam because he did not fulfill the buyback assurance and investors were unjustifiably bound too long and could not participate in the value increasement of the crypto currencies.