Post
Topic
Board Gambling
Re: BetKing.io is a blatant scam operated by Dean Nolan
by
JollyGood
on 10/06/2019, 08:22:47 UTC
@marlboroza

These are the relevant parts of BetKing's stance on buybacks.

You are under the assumption that this was all a personal loan I got from investors.
It was an investment in a business. With all investment in any business there was risk.
There was no "deal". There was no "guaranteed" buybacks.

You do know that the price of the original token could easily have dropped to 100th of the original ICO price too right?
Where in your image does it say the word guarantee?
It says BetKing will offer to buy "up to 10%"

That sounds different than this:
Quote
I'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.

Remaining token holders have the benefit that their tokens have much more value the longer they hold them.They can choose to never sell them back to me for many years or if the site was to be sold.

There's no dilution going on at all.

Quote
Businesses fail every day. It doesn't make them scams.
Did his business fail? He was supposed to buy tokens with profit he made from bankroll...
Quote
I'm buying tokens back with my own profit, the 30 million tokens I keep from the ICO.
...which he was supposed to use for "bounties, testing bounties, advisors, hiring, future marketing and development" anyway.


Is site now mysteriously bringing traffic and players? What are the odds  Roll Eyes



Not all failed businesses are scams but betking was surely a massive scam as all the evidence shows.

This pathetic imbecile serial scammer Dean Nolan admitted he stole 30 million BKB tokens which were supposed to be used for "ICO bounties, testing bounties, advisors, hiring, future marketing and development".

It clearly means that disgusting imbecile serial scammer Dean Nolan made $2,785,800 for his own pockets at the buy-back price which was clear theft and clear siphoning of the funds which was owned by betking but he used as his personal bank.