Post
Topic
Board Gambling
Re: BetKing.io is a blatant scam operated by Dean Nolan
by
BetKing.io
on 08/06/2019, 18:37:31 UTC
Also, what is the problem? Under the old buyback method it would take you 3-4 years to even see a return since you could only sell 10% every 3 months.
Now the site is profitable and the token price is increasing and you will be able to get full return or even profit much much faster.
Here is the math, in case anyone is interested.

We are using token stats and the BTC exchange price from this post: ICO audit complete. Final funds raised

Without factoring in any price differences and without factoring in ICO bonuses:
One investment of 3 BTC (13790.4 USD) would yield you 148507.43 BKB tokens*
*without a discount

The following don't factor in any profits/losses:

Buyback Stats (lowest price of $3200)
-------------------------------------
2 quarters: 19.00% sold  ->  $1824.00
4 quarters: 34.39% sold  ->  $3301.44
8 quarters: 56.95% sold  ->  $5467.20
-------------------------------------

Buyback Stats (true prices @ quarter)
-------------------------------------
Q1 (Dec 17): $1379.04 @ $11271.20/BTC = 0.12235077BTC
Q2 (Mar 18): $1241.14 @ $11471.20/BTC = 0.10819618BTC
Q3 (Jun 18): $1117.02 @ $7622.00 /BTC = 0.14655208BTC
Q4 (Sep 18): $1005.32 @ $7230.36 /BTC = 0.13899722BTC
Q5 (Dec 18):  $904.79 @ $4001.27 /BTC = 0.22612570BTC
Q6 (Mar 19):  $814.31 @ $3747.36 /BTC = 0.21730231BTC
Q7 (Jun 19):  $732.88 @ $7910.92 /BTC = 0.09264156BTC

TOTAL: 1.05216582 BTC + 71,030.64 BKB
EQUIVALENT PRICE: $8,206.90 (@7800) + $6,595.90 (@0.09286)
FINAL PRICE: $14,802.80
FINAL PROFIT: $1012.4 (7.34%)


* buyback dates are on 4th of March, June, September, December


On the flipside, if you held the 148507.43 BKB, a conversion of 30 BKT = 1 BKB nets 4,455,222.9 BKT.
This is 0.40097006 BTC (we can only guarantee a sale at the highest buy order)‬ which is roughly $3207.76 (at 8000 USD/BTC)

In order to recoup the losses, one would need BKT to rise to the price of .00000039 BTC/BKT. This is a 333.33% price increase.

We actually have been buying at the lowest sell order for what it's worth which is currently 13 sats. It was 1 sat soon after launch of token so as anyone can see the price has been increasing very quickly all based on the fact that the new site has been bringing new traffic and players. Much more than the old platform did.


Your post, whatever your intention was, will get buried anyway or be used to try and make it as if BetKing is a scam or paint it in a negative light.